25 Jun
Chapter News

European innovation scoreboard

The European innovation scoreboard provides a comparative analysis of innovation performance in EU countries, other European countries, and regional neighbours. It assesses relative strengths and weaknesses of national innovation systems and helps countries identify areas they need to address. The European innovation scoreboard 2020 was released on 23 June 2020. European innovation scoreboard 2020 The 2020 edition of the innovation scoreboard highlights that the EU's innovation performance continues to increase at a steady pace, with growing convergence between EU countries. On average, the...

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25 Jun
Member News

Portolano Cavallo: COVID-19 emergency and processing of health data for scientific research purposes

The Italian version of this article was first published on Diritto 24 – Il Sole 24 Ore The health emergency due to the spread of COVID-19 has made the need to correctly manage the processing of health data for scientific research purposes even more topical. In this regard, on April 21, 2020, the European Data Protection Board (“EDPB”) adopted specific Guidelines (“Guidelines”), specifying that — although the agenda for 2020 included the publication of detailed guidelines on the processing of health data...

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25 Jun
Member News, Trade & TTIP Related

GDLSK: U.S.-Mexico-Canada Agreement Takes Effect On July 1, 2020

Importers and exporters of goods produced in North America are reminded that the U.S.-Mexico-Canada Agreement (“USMCA”) takes effect on July 1, 2020.  On that date, the eligibility rules and procedures under the North American Free Trade Agreement (“NAFTA”) will cease to apply and will be replaced by those provided for under the USMCA. The rules for originating status have remained the same for most commodities.  However, there are significant changes that have been made with respect to certain commodities, most notably...

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24 Jun
COVID-19 News, Member News

PepperHamilton: Best Practice with Notices for Force Majeure Events

As the wave of reopening orders sweeps across the country, businesses see a light at the end of the tunnel. That light, however, in many instances is still yellow, and may be so for some time to come. Serious restrictions continue to hamper the habitual functioning of America’s businesses, customers have dwindling cash to pay for goods, supplies are restricted or cut, and social distancing practices and protocols reduce productivity. Companies, therefore, continue to take a closer look at...

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24 Jun
Member News

Vulcan Insight: OECD forsees uncertain road to recovery

On Wednesday the OECD published its twice-yearly economic forecast, the first since the COVID-19 pandemic brought the global economy to a rapid halt. In its announcement, the OECD acknowledges and welcomes the various economic, health and containment measures introduced by national governments to prevent the virus’ spread but warned of the “most severe recession in nearly a century.” While restrictions are easing and economies are reopening, the club of the 100 richest economies cautioned against too much optimism in the continued absence...

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24 Jun
Brexit News

Press statement by Vice-President Maroš Šefčovič following the second meeting of the EU-UK Joint Committee

Good afternoon everyone! I am happy to report back to you today after our second meeting of the Joint Committee on the implementation and application of the Withdrawal Agreement. On the EU's side, I was joined by Michel Barnier, the European Commission's Chief Negotiator, as well as 15 Member States representatives And I would like to thank sincerely Michael Gove and his team for their constructive attitude today. I have to underline that the meeting took place in a very...

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24 Jun
Brexit News

Addendum to the Terms of Reference on the UK-EU Future Relationship Negotiations

In line with the Terms of Reference agreed on 28 February by the United Kingdom and the European Commission, and taking into account the current state of the negotiations after four rounds, the following forward process is established, in order to  intensify the talks and to create the most conducive conditions for concluding and ratifying a deal before the end of 2020: Negotiating rounds will take place in July, August and in September, unless agreed otherwise between the Subject...

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24 Jun
Chapter News

EACCNY #COVID19 Impact Stories from Our Members – European Investment Bank

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Carlota Cenalmor, Permanent Representative of the European Investment Bank a Member of the EACCNY. The questions we asked our members for this series are: 1) What are some challenges you, personally...

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24 Jun
New York Related News

New York Fed Announces Start of Additional Secondary Market Corporate Credit Facility Purchases on June 16

The Federal Reserve Bank of New York today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin buying corporate bonds on June 16. The New York Fed also released additional Frequently Asked Questions regarding the purchase strategy for these eligible assets. As specified in the revised term sheet, the SMCCF will begin purchases of corporate bonds to create a portfolio that tracks a broad, diversified market index of U.S. corporate bonds.  This index is made up of bonds trading in the...

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24 Jun
Chapter News

Commission report: EU data protection rules empower citizens and are fit for the digital age

Today, just over two years after its entry into application, the European Commission published an evaluation report on the General Data Protection Regulation (GDPR). The report shows the GDPR has met most of its objectives, in particular by offering citizens a strong set of enforceable rights and by creating a new European system of governance and enforcement. The GDPR proved to be flexible to support digital solutions in unforeseen circumstances such as the Covid-19 crisis. The report also concludes that...

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