27 Jul
Member News

Troutman Pepper | SEC Adopts Amendments to Provide Investors More Information on Proxy Voting Advice

On July 22, the U.S. Securities and Exchange Commission (SEC) voted to adopt amendments (Amendments) to certain of its rules governing proxy solicitations under the Securities Exchange Act of 1934 (Exchange Act). The Amendments are designed to ensure that clients of proxy voting advice businesses have reasonable and timely access to more transparent, accurate and complete information on which to make voting decisions, without imposing undue costs or delays that could negatively impact the timely provision of proxy voting...

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27 Jul
Chapter News

5G security: Member States report on progress on implementing the EU toolbox and strengthening safety measures

Press release by the European Commission and the German Presidency of the Council of the EU | Today, EU Member States, with the support of the European Commission and ENISA, the EU Agency for Cybersecurity, published a report on the progress made in implementing the joint EU toolbox of mitigating measures, which was agreed by the Member States and endorsed by a Commission Communication in January 2020. The toolbox sets out a joint approach based on an objective assessment of identified risks and proportionate...

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27 Jul
Chapter News

U.S. Federal Reserve Board finalizes rule that implements technical, clarifying updates to Freedom of Information Act (FOIA) procedures and changes to rules for the disclosure of confidential supervisory information (CSI)

The Federal Reserve Board on Friday finalized a rule that implements technical, clarifying updates to its Freedom of Information Act (FOIA) procedures and changes to its rules for the disclosure of confidential supervisory information (CSI), which is supervisory information belonging to the Board that may include proprietary financial institution-specific information. The final rule is generally similar to the proposal from June 2019, with a few changes in response to public comments. The final rule updates the Board's FOIA regulation to...

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27 Jul
Chapter News

ECB announces public consultation on the publication of compounded €STR rates

Consultation launched to seek feedback on the publication of compounded €STR rates by the ECB Comments by interested stakeholders to be received by 11 September 2020 The European Central Bank (ECB) is considering the publication of compounded term rates based on the euro short-term rate (€STR) and solicits views of the public on this matter by launching a public consultation. The publication would take place on a daily basis shortly after the €STR publication. Published maturities could range from one...

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27 Jul
COVID-19 News, Member News

EACCNY “Post-Pandemic Labor Law” Series | Working from Home and the Challenges of Remote Supervision

With the help of our members, we are creating a Thought-Leadership series on the impact of COVID-19 on Labor & Employment from the perspective of both sides of the Atlantic. Today, we present Philip Berkowitz, Shareholder at Littler Mendelson in New York, and Ronnie Neville, Partner at Mason Hayes & Curran in Dublin, who will address "Working from Home and the Challenges of Remote Supervision." | Whether in Europe or America, there are advantages and disadvantages to working from home, both...

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24 Jul
Brexit News, Member News

Vulcan Insight | EU-UK Post-Brexit Trade Deal Increasingly Unlikely, Acknowledges Michel Barnier

In only their second face-to-face meeting since the start of the Coronavirus pandemic, EU and UK negotiators, this week, failed to make significant strides in the post-Brexit future relationship negotiations. In the sixth round of negotiations between EU chief negotiator Michel Barnier and his UK counterpart, David Frost, the sides failed to reach a breakthrough on the key stumbling blocks: clear rules for a level-playing field for fair and open competition, fisheries, as well as the role of the European...

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24 Jul
Member News

Tempus FX | US Dollar Flows Mixed with Uneasy Markets

The U.S. Dollar is trading in mixed direction as major currencies remain elevated while commodity-based currencies tumbled. This morning, we saw the release of Jobless Claims rise higher than expected by 1.4MM while Continuing Claims declined a bit. Overall, markets seem to be encouraged by recent earnings, but the buck has no clear guidance as the U.S. economy faces challenges from the pandemic. We are waiting to see any signal from U.S. lawmakers that they will be extending benefits or...

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24 Jul
Member News

GOP | European Court of Justice: VAT treatment applicable to staff secondment

European Court of Justice, Case C-94/19 (San Domenico Vetraria S.p.A.) of March, 11 2020: the secondment of an employee of a parent company to a subsidiary, for which the latter reimburses only the relevant costs, will be subject to VAT in cases where the contractual relationship between parent and subsidiary qualifies as a provision of services against consideration. The Case at hand, submitted by the Italian Supreme Court to the European Court of Justice (“ECJ”), concerns the VAT regime applicable...

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24 Jul
Brexit News, Chapter News

Press statement by Michel Barnier following Round 6 of the negotiations for a new partnership between the European Union and the United Kingdom

Statement made July 23, LONDON | Ladies and gentlemen, Good afternoon to all of you. I am happy to meet you here in Europe House in London, at the end of this sixth negotiation round. I would like to thank the EU Delegation, and our Ambassador João Vale de Almeida for welcoming us.Thank you also for the very useful work you do, representing the EU in the UK, together with the 27 EU Ambassadors, whom I met yesterday. This negotiation takes place...

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24 Jul
Chapter News

EU Security Union Strategy: connecting the dots in a new security ecosystem

Today, the European Commission sets out a new EU Security Union Strategy for the period 2020 to 2025, focusing on priority areas where the EU can bring value to support Member States in fostering security for all those living in Europe. From combatting terrorism and organised crime, to preventing and detecting hybrid threats and increasing the resilience of our critical infrastructure, to promoting cybersecurity and fostering research and innovation, the strategy lays out the tools and measures to be developed over...

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