Member News

Loyens & Loeff | New rules for B2C contracts: examples of unfair market practices in Belgium

The Act of 20 March 2022 (entered into force on 1 June 2022) and the Act of 8 May 2022 (entered into force on 28 May 2022), amending both the Belgian Civil Code and the Code of Economic Law, have introduced a number of new requirements for businesses contracting with consumers, focusing for a large part on players active in the digital economy. New rules apply to the supply of goods with digital elements and digital content or services, to...

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Chapter News

ESMA reviews its 2021 contribution to the EU’s green and digital capital markets

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its Annual Report reviewing its achievements in 2021 in fulfilling its mission of enhancing investor protection and promoting stable and orderly financial markets in the European Union (EU), and focusing on its role in the supervision of EU-wide entities and its contribution on sustainable and digital finance. ESMA’s key achievements in 2021 included the recognition and tiering of third-country central counterparties (CCPs), the coordination of supervisory...

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Member News

Tradewind Finance | Miami-based canned seafood company receives USD 2.5 million in funding from Tradewind Finance

A canned seafood company based in Miami has received USD 2.5 million in funding from Tradewind Finance. This working capital will be used to expand business in the United States, where the company sells packaged tuna and sardines. As the canned seafood brand had a surge of orders within the US, it sought financing from Tradewind. In order to keep up with demand stateside, the Miami subsidiary needed faster cash flow from a parent company based in Ecuador. Moreover, the...

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Member News

Troutman Pepper | More Privacy, Please – June 2022

This past month featured increased activity in privacy and data protection. U.S. Legislation and Regulation: Connecticut's governor signed a comprehensive privacy bill, and President Biden has before him a bill that would improve information sharing among Tribal, state, and local governments about cybersecurity. The U.S. House of Representatives also passed a bill to support research on privacy-enhancing technologies and promote responsible data use (while the Government Accountability Office (GAO) criticized the Department of Defense's (DOD) component agencies for lack...

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Chapter News

European Commission and United States sign cooperation arrangement on preparedness and response to public health threats

Following the statement by President Ursula von der Leyen and U.S. President Joe Biden marking the second Global COVID-19 Summit, the European Commission and the U.S. Department of Health and Human Services have signed an arrangement to strengthen cooperation on preparedness and response to public health threats. This will enable the Commission and the U.S. to work together on a broad range of topics to jointly tackle health emergencies, contributing to establishing a strong global health architecture. Stella Kyriakides, European...

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Chapter News

EU Parliament | Women on boards: deal to boost gender balance in companies

40% of non-executive director posts should go to the under-represented sex Dissuasive penalties for non-compliance Small and medium-sized enterprises with up to 249 employees will be excluded After being blocked in the Council for a decade, EP and EU countries’ negotiators finally agreed on a bill to increase the presence of women on corporate boards. The provisional agreement reached on Tuesday night on the draft legislation aims to ensure gender parity on boards of publicly listed companies in the EU. At...

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Chapter News

Deal reached on new rules for adequate minimum wages in the EU

The minimum wage should be adequate to ensure a decent standard of living Right to redress for workers, their representatives and trade union members if rules are violated EU rules to respect the powers of national authorities and social partners to determine wages Collective bargaining to be strengthened in countries where it covers fewer than 80% of workers The agreed legislation aims to ensure that minimum wages in all EU countries guarantee decent living standards for workers. With a deal...

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Member News

ACG Resources | 5 Surefire Ways to Stress Less At Work

Stress in the workplace is inevitable. But chronic, debilitating stress is not, even if you work in an inherently stressful profession. Research shows that ongoing pressure accompanied by increased demands contributes to stress at work. In order to keep your sanity, there are surefire ways to assist, even at the most stressful times. Consider following these tips to help manage your stress level, ultimately improving your career. Surround yourself with positive people. The people you surround yourself with at work can...

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Member News

GDLSK | Compromise Uyghur Forced Labor Prevention Act passed by House, to be taken up by the Senate

On December 14, 2021, Representative Jim McGovern and Senator Marco Rubio announced agreement on a compromise version of the proposed Uyghur Forced Labor Prevention Act.  The bill was promptly passed unanimously by the House of Representatives and is expected to be taken up by the Senate very shortly with an eye towards forwarding it to the President for signature as soon as possible.  Different versions of the bill had previously been passed by the Senate (on July 15, 2021)...

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Member News

Vulcan Insight | MEPs back 2035 ban on new petrol and diesel cars

As part of a stunning series of votes on the EU’s future climate agenda and measures to fight climate change, MEPs on Wednesday backed a near-complete ban on the sale of new carbon emitting cars and light vans from 2035.  MEPs attending the European Parliament’s full Strasbourg plenary narrowly backed and adopted the compromise reached by MEP Jan Huitema (Renew/NL) in the chamber’s Environment committee by 339 votes to 249 with 24 abstentions. Since its proposal by the European Commission last...

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