News

RPJLaw: Force Majeure & Insurance Provisions for Business Losses Sustained Due to COVID-19

Tuesday, April 7th, 2020

April 3, 2020 As the United States and the rest of the world battle the COVID-19 pandemic, companies across multiple industries have struggled to quickly adapt: They are facing un-meetable contractual deadlines or other requirements and having to shutter some or all of their business activities, conduct furloughs or reductions in force, cancel events and issue […]

Digitalisation of freight transport information – Council adopts new rules

Tuesday, April 7th, 2020

April 7, 2020 The Council today adopted new rules which will make it easier for freight transport companies to provide information to authorities in digital form. Increased digitalisation of freight transport and logistics will bring significant cost savings for businesses, and make the transport sector more efficient and sustainable. A provisional agreement was reached between the […]

An Early View of the Economic Impact of the Pandemic in 5 Charts

Tuesday, April 7th, 2020

April 6, 2020 The COVID-19 pandemic has pushed the world into a recession. For 2020 it will be worse than the global financial crisis. The economic damage is mounting across all countries, tracking the sharp rise in new infections and containment measures put in place by governments. China was the first country to experience the […]

GOP: The European Commission strengthens the temporary framework on State aid

Tuesday, April 7th, 2020

April 6, 2020 1. The new measures adopted by the European Commission Last Friday, the European Commission (“Commission”) has adopted an amendment to existing State aid rules to widen the perimeter of the national measures which can be authorized based on the exceptional legal framework to cope with the current crisis. In particular, the Commission […]

H&K: COVID-19 Guide to Emergency Cost Reduction, Compensation and Benefits

Tuesday, April 7th, 2020

April 3, 2020 As the COVID-19 crisis continues, many employers are facing the difficult challenge of determining how to achieve significant cost reductions due to a sudden reduction in revenue. Many companies are now going through the unfortunate and difficult process of determining how to achieve significant cost reductions as a result of the sudden […]

FaegreDrinker: New York’s New Data Breach Notification Law, What Businesses Should Know

Tuesday, April 7th, 2020

April 3, 2020 As the COVID-19 pandemic continues to demand the attention of corporate leaders and the public at large, businesses have likely had little time to get up to speed on New York’s new data breach notification law, the Stop Hacks and Improve Electronic Data Security (SHIELD) Act. The SHIELD Act, which went into […]

EU and 15 World Trade Organization members establish contingency appeal arrangement for trade disputes

Monday, April 6th, 2020

March 27, 2020 The EU and 15 other members of the WTO today decided on an arrangement that will allow them to bring appeals and solve trade disputes among them despite the current paralysis of the WTO Appellate Body. Given its strong and unwavering support for a rules-based trading system, the EU has been a […]

Coronavirus: Commission waives customs duties and VAT on the import of medical equipment from non-EU countries

Monday, April 6th, 2020

April 3, 2020 The Commission has today decided to approve requests from Member States and the UK to temporarily waive customs duties and VAT on the import of medical devices, and protective equipment, from third countries in order to help in the fight against coronavirus. This will make it easier financially to get the medical […]

EIB Group moves to scale up economic response to COVID-19 crisis

Monday, April 6th, 2020

April 3, 2020 • Extraordinary Board of Directors discussed the EIB Group’s proposed response to economic effects of COVID-19 crisis: a €25 billion pan-European guarantee fund to support up to €200 billion for the European economy • The Board also approved key elements of an emergency measure package announced in March The Board of Directors […]

New York Fed Opens the Registration Process for the Commercial Paper Funding Facility and Releases Additional Information for April 14 Launch

Monday, April 6th, 2020

The Federal Reserve Bank of New York today opened the registration process for the Commercial Paper Funding Facility (CPFF) and released an expanded set of Frequently Asked Questions (FAQs) pertaining to the facility’s operations. The CPFF will begin funding purchases of commercial paper on April 14, 2020. Commercial paper markets directly finance a wide range of economic activity, supplying […]