28 Sep
Member News

Troutman Pepper | EO Provides CFIUS Guidance on Conducting National Security Reviews

On September 15, President Biden issued Executive Order 14083 (EO) — “Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States” — providing formal guidance to the Committee on Foreign Investment in the United States (CFIUS) on factors CFIUS must consider when conducting national security reviews. CFIUS is authorized to review covered investments and real estate transactions in the U.S. to determine whether they have an effect on national security. Notably,...

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28 Sep
Chapter News

ECB | How do markets respond to war and geopolitics?

Russia’s unprovoked invasion of Ukraine marks the return of geopolitical risk to Europe. Here the ECB blog looks at how global stock markets reacted to this risk and what role time and distance have played Though much ink has been spilled trying to understand stock markets, there is limited evidence on how geopolitics shape their performance. Establishing links between stock market performance and geopolitical concerns is challenging, as geopolitical effects are difficult to identify. We look at the market reaction...

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27 Sep
Chapter News

Scaling up sustainable finance in low and middle-income countries: High-Level Expert Group kick-starts work

The High-Level Expert Group (HLEG) on scaling up sustainable finance in low and middle-income countries meets in Brussels today for the first time kick-starting their reflection on the challenges and opportunities of sustainable finance in partner countries with a view to providing recommendations to the Commission on how to scale up funding from the private sector. At a time when the multiple global crises are taking a heavy toll on the global economy, overturning years of progress towards the...

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27 Sep
Member News

Exeo Attorneys | Immigration U.S. & Canada – Special Bulletin, September 2022

Ottawa to drop health measures for incoming travellers As of September 30, mandatory vaccinations for travellers entering Canada, random airport testing and mandatory use of the ArriveCAN application will be dropped. The government announcement will be made on Monday. The issue of wearing masks on aircrafts or trains is also under review and more information will likely be announced by the Prime Minister on Monday. New regulations are set to come into force on September 26, 2022, enhancing the employer compliance regime...

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26 Sep
Chapter News

Speech by Executive Vice-President Timmermans at the Green Deal Summit in Prague

"Check against delivery" Good morning everyone, It is a real pleasure to be here, to be back in the city I have been very often, going back to the 1980s – that will tell you how old I am. I have seen it go through so many transformations, and one of the biggest experiences in my life is to see these transformations and to have met the incredible people who had the foresight to look for freedom and fight for freedom when...

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26 Sep
Chapter News

EU Council adopts additional €5 billion assistance to Ukraine

The EU Council today formally adopted the decision to provide € 5 billion of additional macro-financial assistance (MFA) to Ukraine, as a matter of urgency. On 9 September, EU ministers for finance had agreed a statement in support of these additional €5 billion assistance for Ukraine at the informal Ecofin Council meeting in Prague. Today, this additional assistance was formally adopted, after the necessary formal steps were completed within just 11 days. This financial assistance complements other EU support to Ukraine...

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26 Sep
Member News

Qarik emphasizes the importance of its collaborative approach by hiring a senior partnership strategist

NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Qarik Group is delighted to welcome Scott Buck as the Global Head of Strategic Partnerships. Scott joins Qarik with more than 25 years of experience in executive level technology positions with extensive expertise building successful strategic partnerships for Fortune 500 global companies. Most recently, Scott served as the Executive Global Partner for Google Cloud at DXC Technology. Prior to DXC, he held senior leadership roles at Deloitte, Accenture, and IBM. Qarik CEO, Joe...

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26 Sep
Member News, New York Related News

Littler | New York City Proposes Regulations to Clarify Requirements for Using Automated Employment Decision Tools

On September 23, 2022, the New York City Department of Consumer and Worker Protection (DCWP) proposed additional rules relating to Local Law 144 of 2021, which will regulate the use of automated employment decision tools starting January 1, 2023.  The newly proposed rules provide much-needed clarity on key gaps within Local Law 144.  The comment period is now open, with a public hearing set for October 24, 2022.  Stakeholders may provide written comments or seek to testify orally by...

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23 Sep
Member News

Vulcan Insight | The EU at the UN General Assembly

Over 100 world leaders assembled in New York earlier this week for the United Nation’s annual General Assembly (UNGA). Traditionally, the UNGA is the biggest diplomatic occasion of the year. It provides an opportunity for heads of governments and states to gather and discuss the global issues of the day. This year, the UNGA is different. Russia, a permanent member of the UN Security Council, is in the midst of fully fledged military invasion of another sovereign state, Ukraine. Russian...

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23 Sep
Chapter News

OECD | Tax policy is playing a key role in promoting economic recovery and responding to the energy price shock

Tax policy is playing a critical role as countries seek to promote economic recovery from the COVID-19 pandemic and respond to the impact of rapid increases in energy prices, according to a new OECD report. Tax Policy Reforms 2022 describes recent tax reforms across 71 countries and jurisdictions, including all OECD members and selected members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting. The report finds that tax reforms - notably reductions in taxes on labour and more...

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