Chapter News

Statement by President Jean-Claude Juncker at the joint press conference in the White House Rose Garden with Donald Trump, President of the United States

Mister President, Ladies and gentlemen, When I was invited by the President to the White House, I had one intention: I had the intention to make a deal today. And we made a deal today. We have identified a number of areas on which to work together. Work towards zero tariffs on industrial goods – that was my main intention – to propose to come down to zero tariffs on industrial goods. We have decided to strengthen our cooperation on energy. The European Union...

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Member News

U.S. Congress finalizes CFIUS reform bill to broaden national security reviews of foreign investments

By Ignacio E. Sanchez | Christine Daya Congress has released the final version of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) – a bill to modernize and strengthen the Committee on Foreign Investment in the United States (CFIUS) to more effectively guard against the risk to US national security posed by certain types of foreign investments. FIRRMA is incorporated into the must-pass National Defense Authorization Act for FY19, which Congress expects to pass this week. The House and Senate passed...

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Member News

EY Corporate Finance Woman of the Year

Currently studying? Want to learn more about a future career in corporate finance? We’re looking for women to help us build a better working world. The EY Corporate Finance Woman of the Year competition recognizes talented young women with the potential to have a fulfilling career in EY Transaction Advisory Services (TAS). EY TAS helps companies drive inclusive growth by focusing on their capital and transaction strategy through to execution. In an environment of unprecedented disruption we support the flow of capital across...

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Member News

Starry starry night as Canary Islands city gets astronomy-friendly smart street lighting

By Elco van Groningen | Neil Pattie | Jordi Manrique People on the Canary Islands will get an even better view of the stars thanks to new astronomy-friendly street lighting from Signify (Euronext: LIGHT), the world leader in lighting. In Puerto de la Cruz, a city on the north coast of Tenerife, the company is installing smart LED street lights that can be dimmed remotely and which use special optics to reduce light spillage that could interfere with nearby observatories. "The project is an example...

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Member News

The European Commission Proposed Amendment to Pharmaceutical Patent Rights

Last May 2018, the European Commission proposed to amend Regulation (EC) no. 469/2009 on complementary protection certificates (CPC). If adopted, such amendment will affect European patent rights in the pharmaceutical sector. More specifically, the Commission proposed the introduction of Supplementary Protection Certificates (SPCs) to boost investment in the development and manufacture of biosimilars and generics (“the Proposal”). Medicinal products can be marketed in Europe after obtaining an authorization from the competent administrative authority (in Italy, AIFA). Since such authorization generally...

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Member News

USCIS Adjudicators Given the Go-Ahead to Deny Cases Without First Issuing a Request for Evidence

By Melissa Manna | Ogletree Deakins Effective September 11, 2018, adjudicators for U.S. Citizenship and Immigration Services (USCIS) will have the authority to deny any application or petition that is incomplete or lacks sufficient evidence without first issuing a request for evidence (RFE) or notice of intent to deny (NOID). The new guidelines are a reversal of the current policy, which requires that an RFE be issued unless there is “no possibility” that the deficiency can be remedied. Depending on the vigor with which it...

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Member News

An Urgent Priority: IP Protection and Counterfeit Toys

By Steve Pasierb | President & CEO | The Toy Association Member concerns about IP infringement and resulting potential risks to toy safety via online platforms are real and mounting. We’ve been working alongside our IP Protection Committee with U.S. Customs and Border Protection (CBP), the Consumer Product Safety Commission (CPSC), Senate Finance Committee staff, and representatives from leading e-commerce platforms, like Alibaba and Amazon, to raise member concerns and explore solutions, with the goal of ensuring that only safe, compliant...

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Member News

“There Should Be No Punishment for Doing the Right Thing” – European Commission Issues Proposal to Strengthen Whistleblower Protection

By Dr. Thomas Griebe |Matthias Pallentin Whistleblowers: some consider them traitors; others see them as modern heroes. By issuing a recent proposal, the EU Commission has at least taken a position on improving (minimum) protections for whistleblowers and, above all, ensuring these protections are uniform throughout Europe. Originally developed by the Council of Europe, the principles should protect not only whistleblowers acting with good intentions but also those who suffer harm as a result of false or malicious reports. As such, they will...

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Brexit News, Chapter News

General Affairs Council (Article 50): Main Results

The Council, in EU27 format, was briefed by the EU's chief Brexit negotiator Michel Barnier on the state of play in the Brexit negotiations. The chief negotiator informed the ministers about where the negotiations stand regarding: the work to finalise the withdrawal agreement, including the backstop solution for the border between Ireland and Northern Ireland the discussions on future EU-UK relations. We will only have a withdrawal agreement if the legal text is agreed on all issues. This includes the backstop for Northern Ireland. In...

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Member News, New York Related News

New NYC Sick Leave Law Expands Usage for Persons ‘Equivalent of Family’ and Safe Leave

By Eric B. Sigda| Kristine J. Feher| Danielle E. Gonnella| The New York City Department of Consumer Affairs has issued a revised Notice of Employee Rights under the Earned Safe and Sick Time Act (ESSTA), formerly the Earned Sick Time Act (ESTA), codified at § 20-911 et seq. Effective May 5, 2018, ESSTA now permits employees to use sick and safe time to address safety issues and access critical services related to specific criminal offenses. The ESSTA expands the definition of “family member” with...

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