09 Aug
Uncategorized

New EU forest strategy for 2030

To improve the quantity and quality of EU forests Forests are essential for our health and wellbeing, and the health of the planet. They are rich in biodiversity and are hugely important in the fight against climate change. The new EU forest strategy for 2030 is one of the flagship initiatives of the European Green Deal and builds on the EU biodiversity strategy for 2030. The strategy will contribute to achieving the EU’s biodiversity objectives as well as greenhouse gas emission reduction target of at...

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09 Aug
Member News

CLA | Strong, Proactive Leadership Is Key

2021 is certainly a year of transition and change for many manufacturers. Stability and cash management have never been more critical. Kevin Mullin shares some insights from CFOs who have gotten it right in the last eighteen months. Liquidity Cash, as they say, is king. During COVID-19, many companies had to close temporarily, while others experienced a major slowdown in revenue-producing activities or a disruption in their supply chain. For many small to mid-market companies, that caused liquidity problems and financial stress. CFOs...

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09 Aug
Member News

Jaguar Freight | Sustainability Initiatives Pave the Way for All-Electric Planes

From 2021’s dramatic dip in global schedule reliability, to the spread of the COVID-19 delta variant, to shipping delays in Chicago, to CMA CGM’s Liverpool congestion surcharge, to the first all-electric air cargo network, it’s time to unpack the industry’s top news in the latest edition of The Weekly Roar. First, if you are looking for a positive supply chain story in a sea of bad news, check out this recent story from the Jaguar Blog: How Being Proactive Got NEST...

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06 Aug
Member News

FTI Consulting | Don’t Let Your Healthcare System Become a Hostage

In Brief: As the threat of ransomware attacks on healthcare systems continues to rise, some traditional defensive measures are becoming obsolete. To better prepare, and to mitigate issues following an attack, firms must take a holistic approach to fortifying their cybersecurity posture. Ransomware attacks are plaguing the healthcare industry. Here are actions organizations should take now before they find their systems victimized. The ransomware attacks that grab headlines typically tend to involve big payouts or major system disruptions. In late April, for...

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06 Aug
Chapter News

OECD updates transfer pricing country profiles to include new fields on financial transactions and permanent establishments

The OECD has published updated transfer pricing country profiles, reflecting the current transfer pricing legislation and practices of 20 jurisdictions. These updated profiles also contain new information on countries' legislation and practices regarding the transfer pricing treatment of financial transactions and the application of the Authorised OECD Approach (AOA) to attribute profits to permanent establishments. The transfer pricing country profiles focus on countries' domestic legislation regarding key transfer pricing aspects, including the arm's length principle, methods, comparability analysis, intangible property, intra-group services,...

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06 Aug
Member News

Vulcan Insight | Weather extremes highlight need for rapid action on “Fit for 55”

As record fires, floods and temperatures continue to hit countries across Europe, the recent adverse weather events highlight the urgent need for EU legislators to act on the European Commission’s recent “Fit for 55” climate and energy package.  Just as European Commission President Ursula von der Leyen, flanked by her climate czar, Frans Timmermans and other Commissioners, large swaths of Western Germany, Belgium and the Netherlands experienced the most devastating floods in recent memory killing dozens. Two weeks later, as...

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05 Aug
Member News

Stibbe | Are your distribution contracts ready for the revised VBER?

On 9 July 2021, the Commission published its draft revised Vertical Block Exemption Regulation (VBER) and the accompanying Vertical Guidelines. One of the key points of the revision was to make the VBER fit for the digital age and adapt the rules to the strong growth of e-commerce. The revised VBER is tough on agreements that can hamper online competition. Suppliers are not allowed to de facto restrict online sales or advertising. Price parity clauses will also partially lose their current ‘unproblematic’ status. The...

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05 Aug
Member News

Marks Paneth | Crypto and Digital Asset Reporting in Proposed Legislation

In the released draft of the Infrastructure Bipartisan Proposal on Monday, August 2, 2021, a last-minute digital asset tax reporting regime was added.1 This provision in the draft legislation, under Division H – Revenue Provisions, Title VI, Section 80603, may very well change in text over the next week and possibly sustain further changes as the legislation evolves, if it even passes. From the tax perspective, digital assets really have two dimensions: (1) reporting – meaning who must disclose what to...

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05 Aug
Chapter News

EIB supports Fagor Arrasate’s innovation and digitalisation strategy

The EU bank funds will help to increase the competitiveness of the Spanish company by boosting its investments from 2021 to 2024, focusing on digitalisation and the improvement of facilities. The EIB-financed project will enable Fagor Arrasate to develop machinery for the production of lighter, more environmentally friendly vehicles, as well as components for electric vehicles. The agreement is supported by the European Fund for Strategic Investments (EFSI). The European Investment Bank (EIB) and Fagor Arrasate (a cooperative and...

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04 Aug
Chapter News, COVID-19 News

Coronavirus: EU Commission approves new contract for a potential COVID-19 vaccine with Novavax

Today, the European Commission has approved its seventh Advanced Purchase Agreement (APA) with a pharmaceutical company to ensure access to a potential vaccine against COVID-19 in Q4 of 2021 and in 2022. Under this contract, Member States will be able to purchase up to 100 million doses of the Novavax vaccine, with an option for 100 million additional doses over the course of 2021, 2022, and 2023, once reviewed and approved by EMA as safe and effective. Member States will...

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