Chapter News

ECB updates treatment of leverage ratio in the Eurosystem monetary policy counterparty framework

Amendments to give effect to the leverage ratio becoming a binding Pillar 1 own-funds requirement under the Capital Requirements Regulation (CRR) Change will apply as of 28 June 2021 On May 7, the European Central Bank (ECB) has today published amendments to its monetary policy implementation Guideline to give effect to the leverage ratio becoming a binding Pillar 1 own-funds requirement. The amended guideline implements a decision taken by the Governing Council on 6 May 2021. The decision is linked...

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Member News

Portolano Cavallo | European Delegation Law to Implement the Medical Devices Regulations

On April 23, Law No. 53 of April 22, 2021, “Delegation to the Government for the transposition of European directives and the implementation of other European Union acts,” was published in the Official Gazette (“Delegation Law”). Article 15 of the Delegation Law provides principles and criteria for the government to use in adapting the national regulatory framework to the provisions of the Medical Devices Regulations (EU Regulations 2017/745 and 2017/746) by issuing one or more legislative decrees within the next 12 months. According to...

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Member News

Troutman Pepper | More Privacy, Please: May 2021

Do you want a simple way to keep current on important privacy changes? Avoid sleepless nights wondering whether you missed a privacy speed bump or pothole between annual updates? Worry no longer. Troutman Pepper is pleased to offer More Privacy, Please — a monthly newsletter recapping significant industry and legal developments, as well as trends in the areas of cybersecurity, information governance, and privacy. U.S. LAWS AND REGULATION Federal FTC Publishes AI Best Practices. Building upon its April 2020 guidance on Using Artificial...

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Member News

Noerr | European Commission proposes world’s first ever regulatory framework on artificial intelligence (AI)

“Europe should become the global centre for trustworthy artificial intelligence (AI).” This is the ambitious target set by the European Commission (the “Commission”) when presenting its proposal for an Artificial Intelligence Act on 21 April 2021, in which it intends to regulate the use of AI, not the technology itself. The proposed AI Regulation is primarily a prohibition law which prohibits the use of AI systems in certain application scenarios or makes it subject to technical and organisational requirements. The proposal...

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Chapter News, Trade & TTIP Related

USTR Releases Agency Transparency Principles

7 May, 2021, WASHINGTON | Ambassador Katherine Tai today released a set of transparency principles that establish the foundation for a high transparency standard for the day-to-day operations of the Office of the United States Trade Representative (USTR).  These Transparency Principles reflect the Administration’s commitment to comprehensive public engagement, including outreach to historically overlooked and underrepresented communities, as it develops and implements a trade policy that advances the interests of all Americans.  USTR will continue to build on these Transparency...

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Financing for Development/UN SDG's, Member News

EIB | What does COVID-19 mean for development?

From the loss of education to the impact on businesses, jobs and the flow of finance for development, the economic scars of the pandemic will take time to heal. In the light of COVID-19, development finance backing from the European Union is more important than ever. The world was not doing enough for sustainable development, even before the pandemic. The existing gap in financing for the achievement of the Sustainable Development Goals has been estimated at around $2.5 trillion. Growth in...

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Member News

Stout | 5G, IoT, and Standard Essential Patents

Stout experts offer insights on the 5G patent landscape, FRAND licensing terms, and aggregate royalty burdens. Proliferation of 5G and wireless encouraging SEP patent owners to extend their reach Licensing of standard essential patents (SEPs) is a longstanding tradition in the telecommunications and consumer electronics sectors. Performing valuations, determining appropriate royalty rates, and licensing on a fair, reasonable, and non-discriminatory (FRAND) basis is an expected, but often complicated, practice for use of technologies, including wired and wireless connectivity, video encoding, and...

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Member News

BBGFX | The Dollar Remains on the Defensive

Overview: Last week's cyberattack on the largest US gasoline pipeline continues to lift oil and gasoline prices.  The June gasoline futures gapped higher to extend last week's 2.4% gain but has subsequently moved lower to enter the gap.  June WTI is firm and holding above $65. The supply disruption is key, but iron ore prices soared 10% on strong Chinese demand. More broadly, the CRB Index settled last week at six-year highs.  Led by South Korea, Asia Pacific equities...

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Chapter News

CoR/OECD | SDGs as a Framework for Covid-19 Recovery in Cities and Regions

The European Committee of the Regions (CoR) and the Organisation for Economic Co-operation and Development (OECD) invite representatives of local and regional authorities across Europe to participate in a survey on the Sustainable Development Goals. The consultation is open until Friday 11 June 2021. In 2019, the UN launched the Decade of Action for Sustainable Development to accelerate efforts, scale up projects and mobilize contributions across all levels of governments and society for the realization of the SDGs. Regional and local authorities...

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Member News

Stibbe | Abuse of economic dependence: lessons drawn from the first judgments in Belgium

On 22 August 2020, the ban on abuse of economic dependence was implemented in Belgium (Article IV.2/1 of the Code of Economic Law). Now that almost a year has passed and the first judgments have been rendered, we assess what first lessons can be drawn from these judgments. The rulings show that the ban is regularly relied upon in court and has lowered the hurdle for plaintiffs to make their case. Economic dependence is defined as "a subordinate position of...

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