Member News

Vulcan Insight | EU finalises legislation to reduce deforestation worldwide 

On 6 December, the Council of the EU and European Parliament came to a provisional agreement on a proposal to minimise the risk of deforestation and forest degradation associated with goods that are either imported or exported to the EU. As such a large consumer and trader of commodities that play a very substantial role in global deforestation, this move by the EU has been warmly welcomed by many. According to the UN’s Food and Agriculture Organisation (FAO), an area...

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Member News

Thompson Hine | See No Evil, Speak No Evil, Then Pay the Piper: Be Ready for the Worst-Case Results in Cybersecurity

Getting an advanced handle on cybersecurity and the attendant fallout from breaches is important, and failure to do so can be very costly on many levels. Not only do breaches regularly result in an onslaught of litigation, bad press and loss of customers and revenue, but companies often are exposed to fines and penalties by state, federal, and international regulators. Even though cybersecurity is frequently cited as one of the top-of-mind issues in C-suites, it’s easy enough to push...

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Chapter News

OECD | Tourism rebound at risk as global crises take their toll

A post-pandemic recovery in tourism risks faltering as the global economy loses momentum amid the energy shock triggered by Russia’s war of aggression against Ukraine, high inflation and weakened household purchasing power, according to a new OECD report. OECD Tourism Trends and Policies 2022 says many countries saw a strong rebound in tourism in 2022 on the back of pent-up demand, household savings and travel vouchers. However, international tourism is now not expected to recover until 2024 or 2025, or...

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Chapter News

OECD | Russia’s war of aggression against Ukraine continues to create serious headwinds for global economy

The global economy is expected to slow further in the coming year as the massive and historic energy shock triggered by Russia’s war of aggression against Ukraine continues to spur inflationary pressures, sapping confidence and household purchasing power and increasing risks worldwide, according to the OECD’s latest Economic Outlook. The Outlook highlights the unusually imbalanced and fragile prospects for the global economy over the next two years. The global economy is projected to grow well below the outcomes expected before...

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Member News

Mason Hayes & Curran | 2022 in Review – Intellectual Property

There were numerous and wide ranging developments in intellectual property law in 2022, This includes the evolution and commercialisation of the Metaverse and NFT’s attracting significant media attention as a breakthrough development. In this article, we focus on three key case law developments: The decision by the EUIPO Fifth Board of Appeal to permit the well-known vodka brand, Absolut, to successfully register its 3D vodka bottle shape as a trade mark The decision by the EUIPO to refuse to...

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Chapter News

IMF | United States Is World’s Top Destination for Foreign Direct Investment

The move comes amid a decline in offshore financial centers’ share of global FDI The United States recorded the largest increase of inward foreign direct investment of all economies in 2021. The latest release of the IMF’s Coordinated Direct Investment Survey shows the US position increasing by $506 billion, or 11.3 percent, last year. For the 112 economies that reported data, inward FDI positions rose by an average of 7.1 percent in national currencies. In dollar terms, this...

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Member News

GDLSK | Department of Commerce preliminary determines that solar cells and modules imported from Cambodia, Malaysia, Thailand and Vietnam are circumventing antidumping and countervailing duty orders on Chinese products

On December 2, 2022, the Department of Commerce (“DOC”) issued affirmative preliminary determinations in antidumping duty (“ADD”) and countervailing duty (“CVD”) circumvention inquiries on solar cells and modules imported from Cambodia, Malaysia, Thailand and Vietnam (“C/M/T/V”). These decisions cover cells and modules made in C/M/T/V incorporating Chinese-made wafers and other Chinese-made “major components” (“Circumventing Products”).  In the past several years, well over 50% of solar cell/module imports into the United States have consisted of Circumventing Products. This decision, however, does...

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Member News

Wilson Sonsini | Big Tech’s Competition Impacts on Payments and Retail Finance in Regulatory Spotlight

The UK Financial Conduct Authority (FCA) recently published a discussion paper (here) summarizing its preliminary findings on the potential competition impact of Big Tech entry into retail financial services. The FCA is now inviting stakeholder comments on a range of questions focusing on the areas of payments, deposit taking, consumer credit, and insurance. The discussion paper is open to feedback—particularly from industry players such as banks, payments firms, and fintechs—until January 15, 2023. This development signals the increasing regulatory scrutiny that...

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Member News

Littler | UK: New Bill Could Mean Employers Are Liable for Third-Party Harassment

The UK Government is supporting the Worker Protection (Amendment of Equality Act 2010) Bill to significantly expand employers’ liability for harassment in the workplace. If it becomes law, the bill would mean employers could be liable for harassment of employees by third parties, such as customers and clients. Secondly, it would place a positive duty on employers to prevent sexual harassment of employees. Liability for harassment of employee by third parties If enacted as it is currently drafted, an employee who is...

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Member News

Cushman & Wakefield | Global Manufacturing Risk Index 2022

Key takeaways APAC countries continue to rank highly as locations of production, particularly due to the abundant supply of low cost of labour: of the top 12 locations, half are in APAC. Many of the countries that have slipped in the rankings compared with 2021 have done so due to increased costs (particularly for labour and electricity) and increased risk (economic, political and natural disaster); a number of these countries are in Europe where the war in Ukraine has...

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