14 Mar
Member News

Wilson Sonsini | SVB Is Now a Full-Service “Bridge Bank”: Key Legal Considerations for Companies Considering Whether to Transfer Funds from SVB

In the latest development around the closure of Silicon Valley Bank and the appointment of the Federal Deposit Insurance Corporation (FDIC) as receiver, the FDIC announced today that it has transferred all bank deposits—both insured and uninsured—to a newly created, full-service FDIC-operated “bridge bank.” The FDIC has also transferred over substantially all assets (including all lines of credit of the bank, as clarified in updated FAQs released by the FDIC). The bridge bank, Silicon Valley Bank, N.A. (SVB N.A.),...

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14 Mar
Member News

Datacolor | Why You Need Digital Color Measurement — And How to Begin the Search

This is the first blog by Dwight Davis, Datacolor Regional Sales Manager, in our series about finding the right tools for digital color management. In this post and the following ones, we’ll cover how to begin your search, making the business case for color management, the different types of color measurement instruments, how to successfully roll out new equipment and more. Our goal is to help you make the best decision possible for your company’s needs. Do you really need...

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14 Mar
Member News

Cushman & Wakefield | European Macro Outlook: What’s in a Number?

Two consecutive quarters of negative growth is the technical definition of a recession. There has been a great deal of debate on whether the economies of the euro area and the UK are in a recession. If growth remains flat or is revised down for the final quarter of 2022, the underlying truth is that growth for the euro area and the UK has been subdued. Although the near-term outlook looks brighter than many expected six months prior, some...

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14 Mar
Chapter News

OECD | Action on jobs, skills and regional disparities vital for the green transition

A green skills shortage across the OECD is holding back growth in sustainable development jobs and could jeopardise the race to reach net zero by 2050, according to a new OECD report. “Bridging the Great Green Divide” shows the share of workers in green-task jobs – defined as jobs where at least 10% of tasks directly supports sustainable development – grew just 2 percentage points across 30 OECD countries over the last decade, from 16% in 2011 to 18% in...

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14 Mar
Chapter News

OECD | Statement by the OECD Secretary-General on Ukraine

One year ago today, Russia launched its unprovoked, unjustifiable and illegal war of aggression against Ukraine. Within hours of the invasion, the OECD Council condemned Russia’s large-scale aggression against Ukraine in the strongest possible terms as a clear violation of international law and a serious threat to the rules-based international order, expressing its solidarity with the Ukrainian people. Since then, building on our work together over several decades, the OECD has continued to further broaden, deepen and strengthen our engagement and...

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13 Mar
Share Your Story

Simon M. Kaye, CEO & Founder of JAGUAR FREIGHT SERVICES

<< Return to all personal profiles here Where are you from and what was it like growing up there? I’m originally from London, England. Culturally London is a great city and I feel my love of theater and the arts are largely influenced by being dragged around museums by my parents at a young age! What is your Hometown famous for and what do you think about it? London is famous for a variety of historical events and cultural landmarks. But...

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13 Mar
Member News

OCO Global | The Inflation Reduction Act – what you do next depends on what side of the Atlantic you are on

Austrian politician Klemens von Metternich once mused, “When America sneezes, the rest of the world catches a cold.” The 1929 Wall Street Crash led to the infamous ‘Hungry 30’s’, and the 2008 financial crisis was born in the US. Fast-forward to today, and many Europeans are wondering if America’s latest big sneeze – the Inflation Reduction Act – will mean they’re going to catch a cold soon. What is the Inflation Reduction Act? The Act is the final part of a $2 trillion...

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13 Mar
Member News

Fenwick | Silicon Valley Bank Closure: Important Updates for Corporate Banking Customers

On Friday, March 10, 2023, Silicon Valley Bank (SVB) was closed by the California Department of Financial Protection & Innovation, The Federal Deposit Insurance Corporation (FDIC) was then appointed Receiver and the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). On Sunday, March 12, 2023, the Treasury, Federal Reserve, and FDIC released a joint statement confirming depositors will have access to all of their money at SVB starting Monday, March 13, 2023. The Treasury, Federal Reserve, and...

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13 Mar
Chapter News

Joint Statement by President Biden and President von der Leyen

The United States and the European Union share the most comprehensive and dynamic economic relationship in the world. Our partnership is based on shared values and principles, including the responsibility to protect our planet for future generations and defend our workers. Today, the United States and the European Union are taking new steps to deepen our economic relationship as we build the clean energy economies of the future and address shared economic and national security challenges. Building the Clean Economies...

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13 Mar
Member News

Littler | French Court Finds Gig Platform Workers Are Independent Contractors, Not Employees

A recent decision issued in France indicates that whether a gig worker is an independent contractor or employee is a fact-specific inquiry. In this case decided last month, delivery platform Stuart, a subsidiary of the group La Poste, was prosecuted under French employment law for having employed deliverers as independent contractors, when, according to the prosecution, they were in fact employees (who should have worked under an employment contract). The main argument from the prosecution to support its claim for “concealed...

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