Member News

Vulcan Consulting | Macron calls for “Schengen Council”, mirroring Eurogroup

Speaking to EU Justice and Home Affairs Ministers ahead of Wednesday’s informal Justice and Home Affairs Council (JHA) in the French city of Lille, President Macron called on Ministers to further develop the EU’s free movement Schengen area to ensure it remains fit for the challenges of today. A reform of the Schengen area has been the agenda of EU JHA Ministers for several years, with little to no progress achieved so far. Together with the EU’s Single Market and...

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Member News

BBGFX | European Interest Rate and Oil Price Adjustment Continue Ahead of US/Canada Jobs Report

Highlights: The dollar is paring this week’s losses against most of the major currencies ahead of the US employment report, where all signs point to a weak report. The rate adjustment in Europe, which began before yesterday’s ECB meeting, was further encouraged by it.  The German two-year yield is rising for the ninth consecutive session, jumping more than 35 bp, and narrowing the fx-sensitive spread with the US. UK employees are seeing a large drop in real incomes due...

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Chapter News

Countries in the IMF Financial Stability Spotlight in 2022

The Financial Sector Assessment Program is a key pillar of IMF surveillance. FSAPs can help make financial systems more resilient. In doing so, they consider country-specific features and tailor their analysis. The IMF assesses advanced economies itself and evaluates others jointly with the World Bank. Many countries entered the pandemic with strong bank capital and supervisory frameworks. Nonetheless, as economies recover from the pandemic, uncertainties remain regarding the underlying state of banks and other intermediaries. This year’s assessments address seven economies with...

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Member News

Troutman Pepper | What We’re Seeing – 2022 Dealmaking Outlook

The Rearview Mirror Robust multiples and fear that the Biden administration might succeed in passing tax laws resulted in 2021 being one of the busiest years ever in the private equity space. Within the capital markets, while the year was strong, the speculative market cooled off tremendously in the 4th quarter, particularly in pharma and biotech. Headwinds appeared toward the end of the year as buyer-side representations and warranty insurance (RWI) coverage became tough to get, and very expensive when available,...

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Member News

Wilson Sonsini | Privacy and Security Enforcement: State AGs Flex Their Muscles

Imagine you receive an inquiry from a state Attorney General (AG) about your privacy or security practices, and you aren't sure what to do next. Maybe it's because you have been concentrating on compliance efforts related to the California Privacy Rights Act (CPRA) and other new state privacy laws coming into effect, and you haven't focused as extensively on the existing suite of state privacy or security laws, or on state AG enforcement of federal privacy laws, that may...

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Chapter News, Trade & TTIP Related

OECD | Services trade liberalised in 2021, showing significant decrease in volume and effects of new measures

Global services trade regulations showed signs of liberalisation in 2021, slowing the steady build-up of trade barriers identified in previous years, according to a new OECD report. OECD Services Trade Restrictiveness Index (STRI): Policy trends up to 2022 shows that liberalisation outpaced new restrictions during the past year, as the erection of new barriers to services trade slowed across almost all major sectors covered. The average cumulative increase in barriers across sectors covered by the Index (STRI) was six times lower in 2021...

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Chapter News

ECB | Christine Lagarde, Luis de Guindos: Monetary policy statement

Monetary policy statement by Christine Lagarde, President of the ECB, and Luis de Guindos, Vice-President of the ECB | Frankfurt am Main, 3 February 2022 | Good afternoon, the Vice-President and I welcome you to our press conference. The euro area economy is continuing to recover and the labour market is improving further, helped by ample policy support. But growth is likely to remain subdued in the first quarter, as the current pandemic wave is still weighing on economic activity. Shortages...

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Member News

Stibbe | Merger of two important ports in Europe, Antwerp and Zeebrugge, approved by the Belgian Competition authority

By decision of 7 January 2022, the Belgian Competition Authority approved the merger between the port of Antwerp and the Port of Zeebrugge. This merger deals with two important ports in Europe, in particular in the Hamburg – Le Havre range. The decision is important because it is one of the first decisions dealing with market definitions in mergers between ports. The Port of Antwerp is one of the important ports in the Hamburg – Le Havre range in Europe....

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Member News

EXEO Attorneys | Immigration U.S. and Canada February 2022

This week's special newsletter provides an overview of notable changes in Canadian immigration including all measures directly related to the COVID-19 pandemic. Here are the most important news since the beginning of the pandemic and travel restrictions as of January 31, 2022 Vaccination requirement for foreign travelers at the U.S.-Mexico border As of January 22, 2022, all foreign travelers entering the United States and Mexico will be required to have a complete vaccination plan for entry into the country. Vaccination requirement for all international...

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Chapter News

New approach to enable global leadership of EU standards promoting values and a resilient, green and digital Single Market

Today, the Commission is presenting a new Standardisation Strategy outlining our approach to standards within the Single Market as well as globally. The Strategy is accompanied by a proposal for an amendment to the Regulation on standardisation, a report on its implementation, and the 2022 annual Union work programme for European standardisation. This new Strategy aims to strengthen the EU's global competitiveness, to enable a resilient, green and digital economy and to enshrine democratic values in technology applications. Standards are...

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