08 Jun
Member News

Troutman Pepper | SEC Proposes Fund Names Rule Amendments and Rules Governing ESG Investment Disclosures

In two separate May 25 releases, the U.S. Securities and Exchange Commission (SEC) proposed amendments to (1) Rule 35d-1 (the Names Rule) under the Investment Company Act of 1940 (Investment Company Act) and (2) rules and disclosure forms concerning funds’ and advisers’ incorporation of environmental, social, and governance (ESG) factors. The final rules, if adopted, would make investment companies and advisers subject to tighter standards regarding how funds are named and how ESG factors are disclosed. Amendments to the Fund...

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07 Jun
Chapter News

IMF | Response to High Food, Energy Prices Should Focus on Most Vulnerable

'Countries should allow international prices to pass through to domestic prices while protecting households that are most in need.' Governments confront difficult policy choices as they try to shield their people from record food prices and soaring energy costs driven higher by the war in Ukraine. Countries introduced a variety of policy measures in response to this unprecedented surge in prices of the most crucial commodities. Our survey of these announced measures by member nations shows that many governments tried to...

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07 Jun
Member News

Mannheimer Swartling | Business and Human Rights Update: Progress on an EU Ban on Forced Labour Products, and more

We are witnessing a legal avalanche relating to business and human rights. Our Business and Human Rights Updates will keep you advised of initiatives of relevance to your business. We are also constantly chasing new tools to enable businesses to identify and effectively address potential harm to people and the environment. Ultimately, what protects people (and the planet) is also what best protects businesses. The European Commission progresses efforts towards a ban on products produced by forced labour ...

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07 Jun
Chapter News

OECD | Global plastic waste set to almost triple by 2060

The amount of plastic waste produced globally is on track to almost triple by 2060, with around half ending up in landfill and less than a fifth recycled, according to a new OECD report. Global Plastics Outlook: Policy Scenarios to 2060 says that without radical action to curb demand, increase product lifespans and improve waste management and recyclability, plastic pollution will rise in tandem with an almost threefold increase in plastics use driven by rising populations and incomes. The report...

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07 Jun
Member News

Littler | “One Size Fits All” Data Retention Policies: A Unicorn for International Employers?

Employers often want to have a data retention policy that works for all of their international operations. We look at the challenges with this approach and how to make it work in practice. Why bother with data retention policies? Following the introduction of the European general data protection regulation (“GDPR”) in 2016, many HR professionals will be familiar with the message that “you can only keep data for as long as you need it.” This same principle also now lives on...

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06 Jun
Member News

Steptoe & Johnson | The EU’s VBER and the UK’s VBEO: How Do They Compare?

On June 1, 2022, both the EU and UK introduced new regulations providing a safe harbour (“Block Exemption”) for certain classes of restrictions in vertical distribution agreements. These changes would replace expiring old regulations. New Vertical Guidelines have also been issued by the European Commission, which is intended to be read alongside VBER to provide further guidance and clarity to businesses.  In the UK, the CMA is planning to do the same for VBEO. The CMA and the EU...

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06 Jun
Uncategorized

NWTP | Technology Risk Management

Once a minor component of Operational Risk, Technology Risk and its related impacts are dominant in the global risk mosaic - affecting individuals, enterprises, governments and society. Information and Communications Technology (ICT) risk embodies a complex, vulnerable Enterprise Eco-system of digital elements (operating within their larger risk-laden Industry Eco-system) than has been considered in traditional Cyber Security analyses. The coming decade will see risk from an expansive portfolio of technologies that includes: Core technologies that create, manipulate, process, store,...

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06 Jun
Chapter News

After Covid-19 pandemic, the recovery of tourism sector builds on sustainability

​​Tourism has been one of the sectors worst affected by the Covid-19 pandemic: hotels, restaurants, airlines and travel agencies had to stop their activity almost completely during a long period and only now touristic activity is slowly recovering back to pre-2020 levels. However, the pandemic has also accelerated the transition to a more sustainable models of tourism. This was the topic of a conference organised by the CoR's NAT Commission in Santiago de Compostela on 3 June. The host...

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03 Jun
Chapter News

EU and US agree to strengthen coordination on the enforcement of export controls on Russia

The European Commission and the US Commerce Department have agreed to strengthen coordination on the enforcement of export controls on Russia, building on the excellent cooperation under the US-EU Trade and Technology Council. In a meeting in Brussels, Deputy Secretary of Commerce Don Graves, US Ambassador to the European Union Mark Gitenstein and Assistant Secretary for Export Enforcement Matthew Axelrod, discussed export control enforcement with Bjoern Seibert, Head of Cabinet for the President of the European Commission, Ursula von der...

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03 Jun
Member News

Vulcan Insight | EU Commission paves the way for Croatia to join the Euro

As part of its 2022 Convergence Report, the European Commission finally paved the way for Croatia to enter the eurozone. After years on the side lines, the country may now become the twentieth country to join the EU’s common currency. Since joining the European Union as the, at the time, 28th Member State on 1 July 2013, Croatia has been on a steady path of aligning its economic, fiscal and monetary policy to that of the European Central Bank. While, technically, all...

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