After having founded and led the New York office of Houthoff for eight years, Helena has decided to retire from the law firm on July 1st. She has built the New York presence of the independent top Dutch law firm to the successful practice it is today. Alexander Kaarls will be the partner responsible for the New York office and its practice going forward. He will divide his time between the New York and Amsterdam offices of Houthoff. In addition,...

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The Federal Trade Commission (“FTC”) issued a draft notice seeking public comment on a proposed repeal of the Care Labeling rule for Textile Wearing Apparel and Certain Piece Goods (the “Care Labeling Rule”). The notice is expected to be published in the Federal Register in the near future. The Care Labeling Rule requires manufacturers and importers of textile wearing apparel and certain piece goods to attach labels to their products disclosing the care needed for the ordinary use of the...

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Ahead of their first in-person summit since February, to be held in July in Brussels, French President Emmanuel Macron and Dutch Prime Minister Mark Rutte discussed the EU’s next multi-annual financial framework and the Commission’s proposal for a €750 billion Recovery Fund on Tuesday (23 June). As European Council President Charles Michel announced that EU Heads of State and Government would convene physically for the first time since the COVID-19 crisis, on 17-18 July, the French and Dutch leaders convened...

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EIB debt instrument will support BioNTech’s global development of BNT162 for prevention of COVID-19 infection as well as scale-up of manufacturing capacity in Europe as part of the company’s global development and supply strategy The project benefits from Horizon 2020 InnovFin and the European Fund for Strategic Investments, joint instruments of the European Commission and the EIB The European Investment Bank (EIB) and BioNTech, a German immunotherapy company, concluded a €100 million debt financing agreement to support the development of...

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The UBP Investment Advisor teams in Zurich and Geneva started working from home as of March 16th, 2020, which is consistent with our business continuity plan and necessary for the safety of our team members given the early spike in COVID-19 incidents in Switzerland. Transitioning to remote working was relatively seamless as many in our team travel regularly and have the necessary equipment to remain connected at all times. The main challenge to overcome early on was the lack of...

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Since the GDPR entered into force, there has been ample attention for regulatory enforcement and high fines. However, recent developments show an increasing number of civil claims for damages due to breaches with the GDPR, with (potential) class actions on the rise. Access the FULL report here: Class actions for breaches of the GDPR, somehting to bear in mind AUTHOR: Huib Schrama, Senior Associate Compliments of Loyens & Loeff - a member of the EACCNY.

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The Italian version of this article was first published on Diritto 24 – Il Sole 24 Ore The health emergency due to the spread of COVID-19 has made the need to correctly manage the processing of health data for scientific research purposes even more topical. In this regard, on April 21, 2020, the European Data Protection Board (“EDPB”) adopted specific Guidelines (“Guidelines”), specifying that — although the agenda for 2020 included the publication of detailed guidelines on the processing of health data...

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On Wednesday the OECD published its twice-yearly economic forecast, the first since the COVID-19 pandemic brought the global economy to a rapid halt. In its announcement, the OECD acknowledges and welcomes the various economic, health and containment measures introduced by national governments to prevent the virus’ spread but warned of the “most severe recession in nearly a century.” While restrictions are easing and economies are reopening, the club of the 100 richest economies cautioned against too much optimism in the continued absence...

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