Member News

Department of Justice Revises Export Control and Sanctions Enforcement Policy for Business Organizations

    On December 13, 2019, the U.S. Department of Justice (DOJ) released a revised policy for companies regarding voluntary self-disclosures of export control and sanctions violations. The revised policy was effective on the date of its release and will be formally incorporated into the Justice Manual. In releasing the revised Voluntary Self-Disclosure Policy (VSD Policy), Assistant Attorney General for National Security John C. Demers stated, “Protecting our nation’s sensitive technologies and preventing transactions with sanctioned entities are DOJ priorities, but we cannot...

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Member News

Competition Rules and Globalization to Face Off in 2020

2020 will likely revolve around the question whether competition rules should yield to globalisation and digitisation, with suggestions ranging from mere tweaks to competition rules to complementary regulation. Greater cooperation across data protection, consumer protection and competition law appears inevitable. Speedier solutions in more informal settings may become a reality, alongside more frequent use of behavioural remedies. Additional tools to supplement existing EU competition rules may lead to stricter regulation of non-EU state-supported companies. It remains to be seen precisely...

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Chapter News

European Commission Steps Up Protection of European Intellectual Property in Global Markets

The European Commission published today the latest report on protection and enforcement of Intellectual Property Rights (IPR) in third countries. While developments have taken place since the publication of the previous report, concerns persist and a number of areas for improvement and action remain to be addressed. Intellectual property rights infringements worldwide cost European firms billions of euros in lost revenue and put thousands of jobs at risk. Today's report identifies three groups of countries on which the EU will focus...

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Member News

Italian Tax Incentives to Attract Inbound Workers

As of 1 January 2020 a favourable Italian tax regime is in effect to attract “inbound workers”, including sportsmen and sports agents, who earn the majority of their income from activities carried out in Italy. Income from employment, self-employment and the like (“Eligible Income”) of inbound workers who become Italian tax residents will be partially exempt from Italian income tax. 70% (for inbound workers, other than professional sportsmen) or 50% (for professional sportsmen) of the Eligible income will be exempted from income taxes (“Tax...

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Chapter News

ECB Appoints Petra Senkovic as Director General Secretariat and Pedro Gustavo Teixeira as Director General Secretariat to the Supervisory Board

The European Central Bank (ECB) announced the appointments of Petra Senkovic as Director General Secretariat and Secretary to ECB decision-making bodies, and Pedro Gustavo Teixeira as Director General Secretariat to the Supervisory Board and Secretary to the Supervisory Board. Ms Senkovic, 49, is currently Director General Secretariat and Secretary to the Supervisory Board, a post she has held since November 2015. Prior to that she was Deputy Director General of the ECB Legal Services and worked at a private law...

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Chapter News

New ECB Appointments to the Supervisory Board

The European Central Bank (ECB) announced the appointments of Petra Senkovic as Director General Secretariat and Secretary to ECB decision-making bodies, and Pedro Gustavo Teixeira as Director General Secretariat to the Supervisory Board and Secretary to the Supervisory Board. Ms Senkovic, 49, is currently Director General Secretariat and Secretary to the Supervisory Board, a post she has held since November 2015. Prior to that she was Deputy Director General of the ECB Legal Services and worked at a private law...

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Member News

AlixPartners Retail Viewpoint

What will 2020 bring for retail? The teen years of this millennium were not the easiest on retail. But as with anything, the beginning of a new year is a good time to pause, take an honest look at both mistakes and opportunities, and make choices that will shape what the future may look like. While the last few years have been difficult for the industry overall, there are critical learnings that can shape the trajectory of the coming ones....

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Member News

DHS Warns Businesses About Potential Cyber Threats

On January 6, 2020, the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) issued an alert to U.S. businesses and the cybersecurity community in light of the “current tensions” between Iran and the United States. In particular, the alert describes several of Iran’s previous cyber operations that targeted a variety of industries and organizations, including financial services, the energy and chemical sectors, government facilities, health care organizations, critical manufacturing, communications and the defense industrial base. The alert...

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Chapter News

New EU Research Grants Worth $28 Million Benefit 13 US Scientists

On 10 December 2019, the EU's European Research Council (ERC) announced the winners of its latest Consolidator Grant competition: 301 top scientists and scholars across Europe. Funding for these researchers, part of the Horizon 2020 research and innovation programme, is worth in total €600 million. With this support, the new grantees will have a chance to build up their teams and have far-reaching impact. The grantees will carry out their projects at universities and research centres in 24 different countries across Europe,...

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Chapter News

ESMA Assesses EU Financial Market Impact of Circuit Breakers

The European Securities and Markets Regulator (ESMA), the EU’s securities markets regulator, today publishes a study on the market impacts of circuit breakers. Sudden and drastic price swings in financial markets can be a source of market instability and are a concern for market participants, supervisors and regulators. Circuit breakers are key instruments used by trading venues to regulate markets and interrupt excessive price movements. Based on Morningstar Real Time data ESMA has created a unique database of circuit breakers triggered between 1...

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