The European Stability Mechanism (ESM) and the European Investment Bank (EIB) signed today a Memorandum of Understanding (MoU). Its overall aim is to further strengthen and enhance the bilateral partnership and collaboration between both institutions, and to develop, consolidate, and define their mutual cooperation.  “The Memorandum of Understanding signed today opens a new chapter in our collaborative framework. It builds upon the ongoing partnership since the early days of the EFSF in 2010, when the EIB provided valuable support in...

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Donald Tusk revealed Polish Presidency priorities with focus on defence Polish Prime Minister Donald Tusk addressed MEPs in Strasbourg on Wednesday (22 January), presenting Poland’s agenda for its six-month presidency of the EU Council. Under the slogan of ‘Security, Europe!’, Tusk outlined defence as the paramount theme in the EU for the next six months, given an increasingly volatile global landscape, while also touching on migration, energy, and economic resilience. Defence Mr. Tusk highlighted the unprecedented challenges facing the EU, urging a...

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Since 2018, the United States has imposed and maintained nearly $80 billion in new tariffs. Importers seeking to minimize the impact of elevated tariffs have few tools available to them. However, one such tool is the “first-sale” method of appraisement. Utilizing the first sale method of appraisement, GDLSK recently helped one client save more than $20 million. Companies in virtually any industry can take advantage of the first-sale rule and GDLSK can advise whether it can work and how it...

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On 19 December 2024, Luxembourg adopted Blockchain Law IV, which has opened up significant new opportunities to use the Luxembourg DLT framework, such as expanding this framework to include unlisted equity securities and facilitating the provision of services to issuers with additional flexibility in terms of custody arrangements. These innovations aim to encourage the financial industry to make use of blockchain and DLT in Luxembourg.   1. Background In tune with its strategy of fostering innovation and digitalisation in the financial sector,...

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Starting January 17, 2025, the Digital Operational Resilience Act (DORA) will require financial entities and their critical information and communication technology (ICT) service providers to comply with enhanced cybersecurity risk management measures. Its goal is to protect the financial sector from ICT disruptions and a new generation of cyber threats. Scope. DORA applies to financial entities in the EU, such as banks, crypto-providers, trading venues and insurers, and their designated critical ICT service providers. Providers, regardless of their location, must establish...

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Montpellier, January 17, 2024 – Cilcare, a biotechnology company specializing in auditory sciences, is pleased to announce the appointment of Dr. Bettina M. Cockroft as its new Chief Medical Officer. With over three decades of experience in clinical development, medical affairs, and a strong background in the biopharmaceutical industry, Dr. Cockroft brings a wealth of expertise in advancing innovative therapies for hearing disorders, particularly cochlear synaptopathy and sensorineural hearing loss. Dr. Cockroft’s distinguished career spans several senior roles in both large pharmaceutical...

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