Member News

Member News

Modernizing EU Competition Policy: Will the EU’s Angst with Chinese State-Owned Companies Help U.S. Tech Firms off the European Commission’s Hook?

During her five-year term as European commissioner for competition, Margrethe Vestager has earned a reputation for going hard after U.S. tech companies. This position had traction in certain European political circles and, with the support of the French government, meant she was a leading candidate for the position of commission president. Nevertheless, it was the German Ursula von der Leyen who was confirmed by the European Parliament on July 16, 2019 as new president of the commission, taking office...

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Member News

HSBC International Business Guides: United Kingdom

The UK’s universal language of business, highly skilled employees and wealth of opportunities across many thriving industry sectors position it as a hotbed for foreign investment. After opening our first office in London over 150 years ago, the UK has become home to the global headquarters of the HSBC Group, where an extensive branch network supports the needs of personal and business customers. The shape of this business in the UK continues to evolve, as our UK head office gets...

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Member News

J-1 Visa Application Now Requires Social Media Information

The U.S. Department of State announced last week that it has updated its immigrant and nonimmigrant visa application forms - including for J-1 visas - to request information about social media accounts. A drop-down list of social media platforms now appears on the Form DS-160 nonimmigrant application, as well the Form DS-260 immigrant visa application, according to NAFSA. Applicants are asked to list all usernames or handles used on those platforms over the past five years. Image courtesy of NAFSA The updated visa application also...

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Member News

The Weekly Vulcan View | Analysis of Latest EU Developments 15-19 July

Key Events This Week Von der Leyen Secures Commission Presidency On Tuesday MEPs narrowly ratified Ursula von der Leyen as the new President of the European Commission – making her the first woman to fill the EU’s top job. The former German Defence Minister won ratification by a margin of just 9 votes. Von der Leyen pledged to put forward a “green deal for Europe” in her first 100 days in office, including legislating for net zero emissions by 2050 and...

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Brexit News, Member News

Brexit: important clarifications published by the CSSF

The CSSF has published on 15 July 2019 two press releases concerning mandatory notifications for UK firms as well as for UCIs and their managers in the context of Brexit. 1.Mandatory CSSF notification for UK firms in the context of Brexit On 15 July 2019, the CSSF issued a press release 19/33 regarding mandatory notification requirements applying to UK firms in the context of the withdrawal of the United Kingdom from the European Union. The CSSF reminds that firms that are currently...

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Brexit News, Member News

Brexit: CSSF informs UK entities of actions to be taken in anticipation of a hard Brexit

By Marc Meyers, Partner | Loyens & Loeff The CSSF issued two press releases reminding firms authorised in the United Kingdom as well as undertakings for collective investment (UCIs) and/or their managers established in the United Kingdom of the consequences of a hard Brexit and requiring them to notify the CSSF and/or apply for appropriate authorisation if they intend to continue their activities in Luxembourg after a hard Brexit. UK financial services firms as well as UCIs and/or their managers...

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Member News

Synthetic Reality & Deep Fakes: Considerations for Employers and Implications of the Rise of Deep Fakes in the Workplace

By Chase Perkins, Natalie Pierce, Aaron Crews, and Jill Weimer | Littler In an age where computer generated imagery (CGI) and digital effects enable entire film genres to exist, like Marvel’s superhero series the Avengers or Guardians of the Galaxy, audiences have no expectation that movies they consume depict actual events or reflect reality. It is therefore reasonable to assume that the context and forum of how digital media and information is communicated, observed and consumed informs our default expectations...

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Member News

New DOJ Policy on Corporate Antitrust Compliance Programs Provides Guidance for In-House Counsel and Compliance Officers

Michael J. Hartman | Jan P. Levine | Megan Morley | Robin P. Sumner | Pepper Hamilton On July 11, the U.S. Department of Justice rolled out a new policy to encourage stronger corporate antitrust compliance efforts. Announced by DOJ Antitrust Division head Makan Delrahim in remarks at the New York University School of Law, the new policy provides that DOJ prosecutors may weigh the strength of a corporate compliance program at both the charging and sentencing recommendation stages. As...

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Member News

The EIB welcomes the European Council’s call for more climate action

Statement by Werner Hoyer, President of the EIB: The EIB welcomes the European Council’s call for more climate action: ”The EU Bank welcomes the request by the European Council to step up our activities in support of climate action. Last week I informed EU economy and finance Ministers that the EIB was prepared significantly to step-up its support to climate action if the EU Member States asked us to do so. They have now given us a very clear steer,...

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Member News

New York Enacts Tougher Laws on Pay Equity and Salary History Inquiries

By Simone R.D. Francis & Shabri Sharma | Ogletree Deakins As we previously reported, the New York State Senate and Assembly recently passed Senate Bill 5248A and Senate Bill 6549. Governor Andrew Cuomo signed both bills, and both became law on July 10, 2019. Senate Bill 5248A, which amends Section 194 of the New York Labor Law, prohibits wage differentials based on any protected class. This law will take effect on October 8, 2019. Senate Bill 6549, now Section 194-A of...

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