29 Sep
Member News

DSM accelerates its strategic journey to a fully focused Health, Nutrition & Bioscience company

Royal DSM, a global purpose-led, science-based company, announces its strategic decision to fully focus its resources and capabilities to address the urgent societal and environmental challenges linked to the way the world produces and consumes food. Consequently, DSM is simplifying its operating structure and reorganizing its Health, Nutrition & Bioscience activities into three Business Groups, each with clear opportunities to benefit the health of people and the health of the planet, underpinning DSM’s growth plans. At the same time,...

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29 Sep
Member News

Marks Paneth | Reminder: New York Pass-Through Entity Tax Elections Are Due October 15, 2021

The election to participate in the New York State Pass-Through Entity Tax (PTET) for the 2021 tax year is due by October 15, 2021. Earlier this year, the New York State Legislature enacted a new PTET that may provide individual investors in partnerships and S corporations with a valuable federal income tax benefit. Please see our previous guidance on that subject here. An authorized person can elect into the PTET on behalf of an eligible entity through the entity's New York State...

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29 Sep
Member News

Ogletree Deakins | White House Announces Plan to Remove COVID-19–Related Travel Restrictions for Fully Vaccinated International Travelers

The White House announced on September 20, 2021, that beginning in “early November” 2021, the Biden administration would remove restrictions on international travelers who are seeking to fly to the United States, provided that they are fully vaccinated against COVID-19. This policy change will apply to all international travelers, including persons from countries currently covered by a regional travel ban. The policy change will provide substantial relief to international travelers seeking to enter the United States, including many business...

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29 Sep
Chapter News

ECB Speech | Monetary policy during an atypical recovery

Speech by Christine Lagarde, President of the ECB, at ECB Forum on Central Banking "Beyond the pandemic: the future of monetary policy" | Frankfurt am Main, 28 September 2021 | The economy is back from the brink, but not completely out of the woods. After a highly unusual recession, the euro area is going through a highly atypical recovery. This atypical recovery is leading to rapid growth, but also to supply bottlenecks appearing unusually early in the economic cycle. It is...

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28 Sep
Chapter News

European Health Union: Towards a reform of EU’s pharmaceutical legislation

Today, as part of its work to create a future-proof and crisis-resilient regulatory framework for the pharmaceutical sector, the Commission has published a public consultation on the revision of the EU's pharmaceutical legislation. This is the latest step towards an ambitious reform as announced in the Pharmaceutical Strategy for Europe, adopted in November 2020. Stella Kyriakides, Commissioner for Health and Food Safety, said: "Today we take an important step for the reform of EU's pharmaceutical legislation by the end of next year. A...

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28 Sep
Member News

EIB President Werner Hoyer calls for ambitious climate plans

The European Investment Bank (EIB) President Werner Hoyer and Vice-President Ambroise Fayolle will discuss climate action at a series of events this week during the 76th session of the United Nations General Assembly and New York Climate Week. They will explain how the EIB is raising its climate ambition and will highlight the importance of partnerships to meet global climate goals. They also will outline what it will take to make the COP26 climate conference a success. EIB President Werner Hoyer commented: “Time is running...

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28 Sep
Member News

Vulcan Consulting | Biden non-committal on US-UK trade deal

It became apparent this week, on the sidelines of the United nations General Assembly in New York, that a trade deal with the UK just isn’t a priority for Biden. While negotiations between the two countries formally began in May 2020, and despite there being five rounds of talks while Trump was still in situ, since Biden took the reins talks have essentially stalled.  Johnson held an in-person meeting with Biden on Tuesday in the White House, in the hopes of reigniting the discussions, but...

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27 Sep
Chapter News

An U.S.-EU Agenda for Beating the Global Pandemic: Vaccinating the World, Saving Lives Now, and Building Back Better Health Security

Vaccination is the most effective response to the COVID pandemic. The United States and the EU are technological leaders in advanced vaccine platforms, given decades of investments in research and development. It is vital that we aggressively pursue an agenda to vaccinate the world. Coordinated U.S. and EU leadership will help expand supply, deliver in a more coordinated and efficient manner, and manage constraints to supply chains. This will showcase the force of a Transatlantic partnership in facilitating global vaccination...

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27 Sep
Chapter News

EVPs Vestager, Dombrovskis Visit U.S. for Launch of Trade and Technology Council

From 26 September to 1 October, EU Executive Vice-Presidents Margrethe Vestager and Valdis Dombrovskis will be in the United States, where they will meet senior U.S. officials and participate in the first-ever meeting of the EU-U.S. Trade and Technology Council (TTC). Executive Vice-President Dombrovskis will first travel to Washington, D.C., where he is speaking at an event on transatlantic cooperation organised by the Johns Hopkins University School of Advanced International Studies.(link is external) Executive Vice-President Vestager will first be in Los Angeles on Tuesday for a keynote at...

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27 Sep
Chapter News

ECB Speech | Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Introductory statement by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament (by videoconference) | Frankfurt am Main, 27 September 2021 | Madam Chair, Honourable members of the Economic and Monetary Affairs Committee, Ladies and gentlemen, It is a pleasure to be with you again today for the third regular hearing of the year. In my confirmatory hearing before this Committee back in September 2019, I set out a goal: to ensure...

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