Member News

Member News

GL Events | Climate Finance Day event at Palais Brongniart

Placed under the High Patronage of Mr Emmanuel Macron, President of the French Republic and under the Patronage of the French Minister for the Economy, Finance and Recovery, the Climate Finance Day, organized by Finance for Tomorrow on October 29th at the Palais Brongniart gathered more than 1200 participants ( 180 onsite, and 1100 online) and brought together speakers from all backgrounds to discuss solutions for a more sustainable recovery. This 6th edition also confirmed the catalyst role of...

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Member News

Citi | Closing the Racial Inequality Gap: The Economic Cost of Black Inequality in the U.S.

Opening remarks by Raymond J McGuire, Vice Chairman, Citi Chairman, Banking, Capital Markets, Advisory | In his Letter from a Birmingham Jail, Dr. Martin Luther King Jr. wrote, “We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.” Today, more than at any time since Dr. King’s assassination, we are bearing witness to the grave injustices affecting our fellow citizens. Black, Latinx, and Native Americans have been hospitalized...

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Member News

IPTI | Update on U.S. & European Property Tax Issues: November 2020

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). USA New York: 'This Will Be A Battle’: Landlords Prepare For Property Tax Fights As Values Slide Owners of New York City real estate, whose taxes make up...

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Member News

UBP Investment Advisors SA Update: Investment Outlook November 2020

The global economy accelerated during the summer months after the virtual halt of economic activity in Q2/2020. During the third quarter, consumer sentiment brightened, household spending increased, and Purchasing Manager Indices (PMIs) in the manufacturing and services sector rose above 50 indicating the economic expansion should continue in the coming months. The beginning of the fourth quarter seems to be going well although October flare-ups in COVID-19 cases in Europe and the US are beginning to influence economic sentiment. Meanwhile,...

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Member News

Keeping a safe distance: EIB financing helps KINEXON to push COVID-19 app and internet of things technology

The risk of COVID-19 transmission falls as physical distance between people increases. Innovative approaches to contact tracing help keeping a safe distance, and the European Investment Bank (EIB) supports that innovation. The EU bank and KINEXON, a Munich-based global technology leader that develops hardware and software solutions, have signed a €15 million venture debt loan to promote KINEXON’s real-time localisation technology, which enables objects or people to interact in a smarter, more efficient way using the internet of things...

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Brexit News, Member News

Vulcan Insight | COVID-19 breaches the Brexit Negotiation bubble at the last minute

With just under six weeks until the end of the transition period, the EU-UK negotiations on the future relationship hit a familiar roadblock, as the coronavirus breached the carefully sealed bubble of negotiators.   Since the very public fallout between the parties in October, talks had, as promised by Commission President von der Leyen, been significantly intensified with in-person negotiations taking place almost daily since 22 October. In fact, considering that both chief negotiators had been very light-lipped recently, some commentators...

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Member News

WSGR | European Commission Issues New SCCs for Data Transfers to Third Countries

On November 12, 2020, the European Commission (EC) issued a draft version of a new set of Standard Contractual Clauses (New SCCs). The long-awaited New SCCs include several modules that companies can use depending on the transfer scenarios, such as controller-to-controller, controller-to-processor, and processor-to-processor data exports. The New SCCs have also been updated to reflect the high standard for data protection set forth in the General Data Protection Regulation (GDPR) and to take into account the requirements resulting from the Schrems II ruling. The...

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COVID-19 News, Member News

Thompson Hine | Government Measures Taken in Response to COVID-19: Country-by-Country Guide 2.0

Since April 2020, we have collaborated with our foreign law firm partners to provide a chart summarizing the economic, labor and employment, health and safety, and export and import measures taken by governments around the world in response to the COVID-19 pandemic. After a short break, we are back with version 2.0 of our chart with substantive changes to reflect the most pressing and interesting government measures concerning the COVID-19 pandemic. The new version of the chart includes a concise, corporate-focused...

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COVID-19 News, Member News

EIB | BioNTech moves to head of pack in fight against coronavirus

EU financing for COVID-19 vaccine helps German firm close in on a solution with highly effective trial results When Özlem Türeci and her husband, Uğur Şahin, announced that the COVID-19 vaccine developed by their company, BioNTech, had excellent results in its latest tests, the couple took a short break from their round-the-clock research schedule. But only long enough to drink a cup of tea. “It was oolong tea to be precise,” Türeci says. “We both like it and it’s easy to...

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Member News

Vistra | Why Legal Entity Rationalisations Are More Important Than Ever

Survey shows 61 percent of companies are engaged in or considering a legal entity rationalisation. A 2020 survey conducted by CFO Research and Vistra found that 61 percent of respondents were engaged in or considering conducting a legal entity rationalisation. Some may find that number surprising, but there are good reasons so many companies are undertaking rationalisations. In this podcast, CFO Magazine’s Nick Ciavatta interviews Charlotte Hultman and Ed Novak about why legal entity rationalisations are so popular, and why they’ll...

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