Chapter News

IMF | Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated

The IMF’s mandate is to safeguard the stability of the international monetary and financial system, and crypto assets are changing the system profoundly. Crypto assets and associated products and services have grown rapidly in recent years. Furthermore, interlinkages with the regulated financial system are rising. Policymakers struggle to monitor risks from this evolving sector, in which many activities are unregulated. In fact, we think these financial stability risks could soon become systemic in some countries. 'Uncoordinated regulatory measures may facilitate potentially...

Read more

Member News

Switzerland backs diversification of trade partners

Bern – Switzerland plans to further develop bilateral ties with the EU. At the same time, links with other important trade partners are to be strengthened, including with the USA and China. This is stipulated in the federal government’s revised foreign economic policy strategy. The Federal Council published its revised foreign economic policy strategy on Wednesday. According to a press release, this serves to “set the course for the federal government's foreign economic policy in the medium to long term”. It aims...

Read more

Member News

CEA Legal | Key Provisions of Non-Disclosure Agreements

Given the exposure to industries such as hospitality, fashion, information technology, and science, among others, at Cea Legal, we are often hired to draft non-disclosure agreements (NDAs), which are contracts establishing a confidential relationship, when the parties acknowledge that sensitive information they may obtain in the course of the business relationship should not be disclosed to any other party. Simply, NDAs enable the parties to share information while mitigating the risk that it will be misused as a result of...

Read more

Chapter News

EU strengthens protection against economic coercion

The European Commission has today proposed a new tool to counter the use of economic coercion by third countries. This legal instrument is in response to the EU and its Member States becoming the target of deliberate economic pressure in recent years. It strengthens the EU's toolbox and will allow the EU to better defend itself on the global stage. The aim is to deter countries from restricting or threatening to restrict trade or investment to bring about a change of policy...

Read more

Chapter News

IMF | Metals Demand From Energy Transition May Top Current Global Supply

Firm, market, and country level factors may weigh on metals production under a net-zero scenario. The clean energy transition needed to avoid the worst effects of climate change could unleash unprecedented metals demand in coming decades, requiring as much as 3 billion tons. A typical electric vehicle battery pack, for example, needs around 8 kilograms (18 pounds) of lithium, 35 kilograms of nickel, 20 kilograms of manganese and 14 kilograms of cobalt, while charging stations require substantial amounts of copper. For...

Read more

Member News

Stibbe | Back to the future – EU Commission publishes roadmap for green and digital challenges

The Commission’s Communication “A competition policy fit for new challenges” (link) (the “Communication”) identifies key areas in which competition law and policy can support European efforts in dealing with the challenges of the green and digital transitions. The document covers all areas of competition law (antitrust, merger control, and State aid) and identifies various ways in which new and existing tools can contribute to addressing these challenges. While the document does not break new ground, it provides a comprehensive overview...

Read more

Member News

Houthoff | Financial Regulatory News Update: Crowdfunding, climate risks and more

In this News Update, we discuss new European regulations on crowdfunding and regulatory publications on climate risks. We further highlight some other financial regulatory publications issued last month. EUROPEAN REGULATIONS ON CROWDFUNDING SERVICE PROVIDERS FOR BUSINESS On 10 November 2021, Regulation (EU) 2020/1503 on European Crowdfunding Service Providers ("ECSP") for business started applying across the EU. The ECSP lays down uniform rules for the provision of investment-based and lending-based crowdfunding services related to business financing. Compared to the existing regulations in the Financial...

Read more

Member News

Cushman Wakefield | COP26 Glasgow Climate Summit: Implications for Real Estate

World leaders representing governments and industry came together in Glasgow, Scotland for COP26 to address how to achieve targets set as part of the Paris Climate Agreement 20151.  The Paris targets—using pre-industrial temperature levels as a baseline—aim to limit the rise in global temperature this century below 2deg Celsius, and to pursue efforts to limit the rise even further to 1.5deg Celsius. Three years after the Paris Agreement, the Intergovernmental Panel on Climate Change (IPCC) special report on 1.5C...

Read more

Member News

Panitch Law | How to Avoid Being Sued for Patent Infringement

Patent infringement litigation is expensive. It is typical to see legal fees in the seven-figure range to defend a patent litigation all the way to a jury trial. Facing the prospect of an injunction and damages can cripple a company’s cash flow or market power.  It also can take you away from focusing on running your business resulting in collateral damage to your business. The best and most inexpensive way to defend against a complaint for patent infringement is to...

Read more

Chapter News

New rules on VAT rates offer Member States more flexibility while supporting the EU’s green, digital and public health priorities

The Commission welcomes the agreement reached by EU finance ministers today to update the current rules governing value-added tax (VAT) rates for goods and services. These new rules will provide governments with more flexibility in the rates they can apply and ensure equal treatment between EU Member States. At the same time, the updated legislation will bring VAT rules into line with common EU priorities such as fighting climate change, supporting digitalisation and protecting public health. The European Parliament...

Read more