23 Nov
Chapter News

EU Leaders Talk to President-elect Joe Biden

On Monday, November 23, 2020, EU Leaders spoke to President-elect Joe Biden over the phone. Ursula von der Leyen, President of the European Commission, congratulated President-elect Joe Biden on his victory. President von der Leyen said that his election as the next President of the United States would be a new beginning for the EU-US global partnership, and commented that a strong European Union and a strong United States working together can shape the global agenda based on cooperation, multilateralism, solidarity, and...

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20 Nov
Chapter News

OECD publishes report on tax administrations’ policies and practices to enhance gender balance

November 17, 2020 | The OECD Forum on Tax Administration (FTA) has today published a report on Advancing Gender Balance in the Workforce: A Collective Responsibility. This report, developed by the FTA's Gender Balance Network, sets out a range of policies and practices undertaken by tax administrations and their national governments to advance gender balance in the workforce.  This report highlights innovative approaches, legislative options, flexible workplace initiatives and leadership practices adopted by FTA members in order to assist administrations in their...

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20 Nov
Member News

UBP Investment Advisors SA Update: Investment Outlook November 2020

The global economy accelerated during the summer months after the virtual halt of economic activity in Q2/2020. During the third quarter, consumer sentiment brightened, household spending increased, and Purchasing Manager Indices (PMIs) in the manufacturing and services sector rose above 50 indicating the economic expansion should continue in the coming months. The beginning of the fourth quarter seems to be going well although October flare-ups in COVID-19 cases in Europe and the US are beginning to influence economic sentiment. Meanwhile,...

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20 Nov
Member News

Keeping a safe distance: EIB financing helps KINEXON to push COVID-19 app and internet of things technology

The risk of COVID-19 transmission falls as physical distance between people increases. Innovative approaches to contact tracing help keeping a safe distance, and the European Investment Bank (EIB) supports that innovation. The EU bank and KINEXON, a Munich-based global technology leader that develops hardware and software solutions, have signed a €15 million venture debt loan to promote KINEXON’s real-time localisation technology, which enables objects or people to interact in a smarter, more efficient way using the internet of things...

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20 Nov
Brexit News, Member News

Vulcan Insight | COVID-19 breaches the Brexit Negotiation bubble at the last minute

With just under six weeks until the end of the transition period, the EU-UK negotiations on the future relationship hit a familiar roadblock, as the coronavirus breached the carefully sealed bubble of negotiators.   Since the very public fallout between the parties in October, talks had, as promised by Commission President von der Leyen, been significantly intensified with in-person negotiations taking place almost daily since 22 October. In fact, considering that both chief negotiators had been very light-lipped recently, some commentators...

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19 Nov
Member News

WSGR | European Commission Issues New SCCs for Data Transfers to Third Countries

Wilson Sonsini recently hosted a discussion regarding this topic - and you can find the recording, plus the presentation materials here: Data Transfers Post-Schrems ll Webinar Recording | On November 12, 2020, the European Commission (EC) issued a draft version of a new set of Standard Contractual Clauses (New SCCs). The long-awaited New SCCs include several modules that companies can use depending on the transfer scenarios, such as controller-to-controller, controller-to-processor, and processor-to-processor data exports. The New SCCs have also been updated to reflect...

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19 Nov
COVID-19 News, Member News

Thompson Hine | Government Measures Taken in Response to COVID-19: Country-by-Country Guide 2.0

Since April 2020, we have collaborated with our foreign law firm partners to provide a chart summarizing the economic, labor and employment, health and safety, and export and import measures taken by governments around the world in response to the COVID-19 pandemic. After a short break, we are back with version 2.0 of our chart with substantive changes to reflect the most pressing and interesting government measures concerning the COVID-19 pandemic. The new version of the chart includes a concise, corporate-focused...

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19 Nov
Chapter News

Boosting Offshore Renewable Energy for a Climate Neutral Europe

To help meet the EU's goal of climate neutrality by 2050, the European Commission today presents the EU Strategy on Offshore Renewable Energy. The Strategy proposes to increase Europe's offshore wind capacity from its current level of 12 GW to at least 60 GW by 2030 and to 300 GW by 2050. The Commission aims to complement this with 40 GW of ocean energy and other emerging technologies such as floating wind and solar by 2050. This ambitious growth will be based on the vast potential across all...

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19 Nov
Chapter News

European Commission needs to scale up antitrust and merger control to fit a more globalised world

The European Commission, the enforcer of EU competition rules, has generally made good use of its powers in antitrust proceedings and merger control, and addressed competition concerns with its decisions. But according to a new report by the European Court of Auditors (ECA) published today, it has not yet fully addressed the complex new enforcement challenges in digital markets, the ever-increasing amount of data to be analysed or the limitations of existing enforcement tools. The auditors also found that...

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18 Nov
COVID-19 News, Member News

EIB | BioNTech moves to head of pack in fight against coronavirus

EU financing for COVID-19 vaccine helps German firm close in on a solution with highly effective trial results When Özlem Türeci and her husband, Uğur Şahin, announced that the COVID-19 vaccine developed by their company, BioNTech, had excellent results in its latest tests, the couple took a short break from their round-the-clock research schedule. But only long enough to drink a cup of tea. “It was oolong tea to be precise,” Türeci says. “We both like it and it’s easy to...

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