03 Nov
Member News

Switzerland Trade & Invest | DG Fuels relies on Energy Vault technology

Lugano/Washington – The American company DG Fuels and Energy Vault from Lugano in the canton of Ticino are working together. DG Fuels will use Energy Vault’s gravity energy storage solution to produce sustainable aviation fuel. DG Fuels is building a system to manufacture synthetic aviation fuels with no CO2 emissions. The American company uses water electrolysis and biomass-derived carbon replacement fuel for this. Now, according to a press release, it has also decided to use an innovative energy storage technology...

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03 Nov
Chapter News

U.S. President Biden, European Commission President von der Leyen and UK Prime minister Johnson announce Commitment to addressing climate crisis through infrastructure development

Building on the June 2021 commitment of G7 Leaders to launch a values-driven, high-standard, and transparent infrastructure partnership to meet global infrastructure development needs, U.S. President Biden and European Commission President von der Leyen hosted a discussion on the margins of COP26 with UK Prime Minister Johnson, Barbadian Prime Minister Mottley, Canadian Prime Minister Trudeau, Colombian President Duque, Ecuadorian President Lasso, Democratic Republic of the Congo President Tshisekedi, Indian Prime Minister Modi, Japanese Prime Minister Kishida, and Nigerian President...

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03 Nov
Chapter News

Speech by President von der Leyen on accelerating clean technology innovation and deployment

Excellencies, Ladies and Gentlemen, Fellow leaders, I welcome and endorse the World Leaders' Summit Statement on the Breakthrough Agenda. And the European Union is proud to support all four breakthroughs on power; road transport; steel; and hydrogen. I am especially glad that on this COP26, finally, we prioritise the importance of innovation. Because it is only through innovation that we are going to get to our goal of net zero. And therefore, scientists and innovators, entrepreneurs and investors, that is...

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03 Nov
Member News

Wilson Sonsini | FTC Releases Updated Safeguards Rule for Financial Institutions

On October 27, 2021, the Federal Trade Commission (FTC) released a final rule that updates the Safeguards Rule of the Gramm-Leach-Bliley Act (Final Rule). This Final Rule comes after the FTC sought comment on proposed changes to the Safeguards Rule in 2019 and held a public workshop in 2020. The Safeguards Rule applies to non-banking financial institutions, including certain financial technology companies, that are engaged in financial activities. The Final Rule makes significant updates to the original Safeguards Rule promulgated in 2003,...

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02 Nov
Member News

Stout | Plastics M&A Activity Approaching Record High in 2021

There were 348 plastics industry M&A transactions through the first nine months of 2021, a 31% year-over-year (YOY) increase. Plastics M&A has rebounded significantly since the Q2 2020 trough, with Q3 2021 achieving the highest level of quarterly deal activity since early 2019. M&A activity by private equity firms (both selling and buying) has increased significantly in 2021, accounting for most of the incremental volume for the year. Positive momentum is expected to continue for the rest of the...

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02 Nov
Member News

Panitch Law | USPTO Announces DOCX Requirement for Certain Patent Applications

Starting January 1, 2022, the United States Patent & Trademark Office (“USPTO”) will begin requiring that certain patent applications be filed electronically in “DOCX” format to increase efficiency and accuracy during the examination process. At the same time, the USPTO will begin assessing a surcharge of up to $400 for electronically filing these patent applications in PDF format.  This surcharge is designed to encourage applicants to file using the DOCX format supported by Microsoft Word 2007 and higher, Google...

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02 Nov
Chapter News, Trade & TTIP Related

EU and US agree to start discussions on a Global Arrangement on Sustainable Steel and Aluminium and suspend steel and aluminium trade disputes

European Commission President von der Leyen and United States President Biden agreed today to start discussions on a Global Arrangement on Sustainable Steel and Aluminium. This marks a new milestone in the transatlantic relationship, and in EU-US efforts to achieve the decarbonisation of the global steel and aluminium industries in the fight against climate change. The two Presidents also agreed to pause the bilateral World Trade Organization disputes on steel and aluminium. This builds on our recent successes in...

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02 Nov
Chapter News

OECD & IEA | Energy price surge underlines need to accelerate clean energy transitions rather than subsidise fossil fuels

Countries should resist raising government support for fossil fuels in response to the global surge in energy prices and the economic impacts of the pandemic, according to the OECD and IEA. Instead, given the existential threat of climate change and the need for a green recovery, they should accelerate investment in sustainable energy infrastructure and the creation of green jobs, as well as meeting the UN Sustainable Development Goals, in particular SDG 7, to ensure access to affordable, reliable, sustainable...

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01 Nov
Member News, Trade & TTIP Related

GDLSK | Section 232 tariff relief announced on imports of steel and aluminum from the EU and EU retaliatory tariffs to be lifted

On October 31, 2021, the U.S. and the EU announced steps to, among other things, reestablish historical transatlantic trade flows in steel and aluminum and address shared challenges in the steel and aluminum sector. Among the concrete steps to be taken are the following: 1. Replacement of Section 232 tariffs with tariff-rate quotas (TRQ). Effective January 1, 2022, the United States will replace the existing tariffs on EU steel and aluminum products under Section 232 with TRQs.  Under the TRQ arrangement, historically-based...

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01 Nov
Chapter News, Trade & TTIP Related

Questions and Answers: EU-US negotiations on trade on steel and aluminium

What is the Global Arrangement on Sustainable Steel and Aluminium? The arrangement is intended to facilitate the decarbonising of the steel and aluminium industries, as well as addressing the issue of overcapacity in these industries caused by non-market practices in some economies. The EU and US have agreed to start discussions on this Arrangement as soon as possible, and conclude them within two years. We want to make this Arrangement open to all like-minded economies. How will the Arrangement help achieve decarbonisation? Each...

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