26 Jun
Member News

Investment Plan for Europe: European Investment Bank provides BioNTech with up to €100 million for COVID-19 vaccine development and manufacturing

EIB debt instrument will support BioNTech’s global development of BNT162 for prevention of COVID-19 infection as well as scale-up of manufacturing capacity in Europe as part of the company’s global development and supply strategy The project benefits from Horizon 2020 InnovFin and the European Fund for Strategic Investments, joint instruments of the European Commission and the EIB The European Investment Bank (EIB) and BioNTech, a German immunotherapy company, concluded a €100 million debt financing agreement to support the development of...

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25 Jun
Member News

UBP IAS Update: Investment Outlook July 2020

The UBP Investment Advisor teams in Zurich and Geneva started working from home as of March 16th, 2020, which is consistent with our business continuity plan and necessary for the safety of our team members given the early spike in COVID-19 incidents in Switzerland. Transitioning to remote working was relatively seamless as many in our team travel regularly and have the necessary equipment to remain connected at all times. The main challenge to overcome early on was the lack of...

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25 Jun
Chapter News, COVID-19 News

Reopening from the Great Lockdown: Uneven and Uncertain Recovery

The COVID-19 pandemic pushed economies into a Great Lockdown, which helped contain the virus and save lives, but also triggered the worst recession since the Great Depression. Over 75 percent of countries are now reopening at the same time as the pandemic is intensifying in many emerging market and developing economies. Several countries have started to recover. However, in the absence of a medical solution, the strength of the recovery is highly uncertain and the impact on sectors and countries...

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25 Jun
Chapter News

More protection for our seas and oceans is needed, report finds

The Commission adopted today a report on the Marine Strategy Framework Directive (MSFD) which reveals that, while the EU's framework for marine environmental protection is one of the most comprehensive and ambitious worldwide, persistent challenges remain, such as excess nutrients, underwater noise, plastic litter, and other types of pollution as well as unsustainable fishing. This message is further reinforced in the European Environment Agency's “Marine Messages II” also published today. “This report and the accompanying EEA Marine Messages confirm that we need...

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25 Jun
Member News

LoyensLoeff: Class actions for breaches of the GDPR, something to bear in mind

Since the GDPR entered into force, there has been ample attention for regulatory enforcement and high fines. However, recent developments show an increasing number of civil claims for damages due to breaches with the GDPR, with (potential) class actions on the rise. Access the FULL report here: Class actions for breaches of the GDPR, somehting to bear in mind AUTHOR: Huib Schrama, Senior Associate Compliments of Loyens & Loeff - a member of the EACCNY.

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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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