Member News

19 Nov
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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18 Nov
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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17 Nov
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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17 Nov
COVID-19 News, Member News

H&K | COVID-19 Vaccinations Are Coming, But What Will the PREP Act Immunize?

Highlights: Due to the recent announcements of successful trials for a COVID-19 vaccine, healthcare providers are asking about the extent to which the Public Readiness and Emergency Preparedness Act (PREP Act) will protect them against liability under state and federal law. There is limited case law addressing the applicability of the PREP Act, but the bottom line of the few cases that have examined the question is that the PREP Act is likely to preempt state claims relating to...

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16 Nov
Member News

Faegre Drinker | Draft Standard Contractual Clauses Released by European Commission: New Clause Cause for Applause?

Following on from this week’s big announcement by the European Data Protection Board (EDPB) on its expectations for international data transfers after the European Court of Justice’s July 16 Schrems II decision, the European Commission released a draft set of new Standard Contractual Clauses (SCCs) and a draft implementing decision. The Commission’s draft set of clauses allows for two new types of transfer (EU-based processor to ex-EU processor, and EU-based processor to ex-EU-controller) and contains important updates to bring the text of the...

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16 Nov
Member News

Steptoe | The 5 Things We Like – and the 5 We Do Not – in the EDPB Post-Schrems II Recommendations

On November 10, 2020, the European Data Protection Board (EDPB) adopted the long-awaited "Recommendations 01/2020 on measures that supplement transfer tools to ensure compliance with the EU level of protection of personal data" (the recommendations) - available here. The recommendations should assist organizations in dealing with the consequences of the Schrems II judgment of the Court of Justice of the European Union (which invalidated the Privacy Shield and imposed additional requirements on organizations for their transfers of personal data). There are...

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16 Nov
COVID-19 News, Member News

Vulcan Insight | EU Health Union: A Commission rethink on health crisis response

In the wake of the COVID-19 pandemic, the European Commission proposed on Wednesday to create a European Health Union to better equip the EU for the prevention, preparation and management of health crises. In its communication, the Commission said that in order to save lives and livelihoods it would push for a more resilient EU internal market and a sustained economic recovery. The draft proposal, which follows on from the State of the Union address by the President of the...

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16 Nov
Member News

Via | Public transit isn’t dead: Three ways cities are upgrading their networks

Cities are getting creative and exploring changes to draw people back to public transportation and get the economy moving again. Is public transportation as we knew it officially dead? Despite the doomsday scenario seemingly cemented in the media, public transportation was actually already seeing diminished ridership around the world over the past decade — led by a 15% decline in bus riders in both the US and UK. COVID-19 should actually be seen as the long-overdue catalyst for change. Now more than ever, cities...

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13 Nov
COVID-19 News, Member News

Portolano Cavallo | Foreign investment control in the life science sector: the scope of the Italian Government’s powers also in the context of the current COVID-19 pandemic

This article is part of Portolano’s bimonthly “INFORM@ Life Sciences” Newsletter. Click here to subscribe. | Some recent cases in the news, as well as steps taken to increase the regulatory powers of the government in the current emergency situation via the Decreto Liquidità, have prompted us to draft this overview of measures that provide the government with special powers that it may exercise to prohibit or impose conditions upon extraordinary corporate transactions of foreign parties involving Italian target companies...

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13 Nov
Member News

Stout | Tire M&A on the Rise After Initial Pandemic Shock

Third-quarter M&A activity broke higher from what was an extremely subdued and uncertain second quarter. Retail drove the bulk of transaction activity in a sector which saw demand return and retailers drive significant business via necessary replacement tire and maintenance service spend during the quarter. The highlight of the quarter is Meritage Group’s – an investment advisor with over $12 billion of assets under management – acquisition of Les Schwab Tire Centers in September. Despite delays in the transaction due...

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