24 Jan
Member News

Mason, Hayes & Curran | What are the Cybersecurity Risks of Generative AI?

Last year Generative AI dominated headlines, promising to transform the way in which organisations operate by drastically increasing efficiency and reducing labour-intensive tasks. As a result, the overarching narrative was one of adoption or risk becoming obsolete. While there is some truth to these claims, it's also important to bear in mind that as with any new technology, inherent risks equally exist. What is Generative AI? Generative AI is a branch of artificial intelligence that focuses on generating new data in the form...

Read more

24 Jan
Chapter News

European Commission |  A stronger voice for workers in EU-based multinational companies

Workers will be better represented in EU-based multinational companies thanks to new rules for the so-called European Works Councils (EWCs). These Councils ensure that employees are involved in decisions related to transnational issues, like re-structurings. They help workers anticipate and manage changes in the world of work, including labour shortages and new technologies. Around 1,000 EWCs currently represent nearly 11.3 million European employees. While these Councils represent more than half of the eligible workforce, this is still less than a third of the estimated almost...

Read more

23 Jan
Member News

EIB | Driving European competitiveness, stability and climate leadership – EIB Group invests €88 billion in 2023

EIB Group signed €88 billion in funding for over 900 high-impact projects in key policy areas such as transport infrastructure and urban mobility, energy and water, digitalisation, new technologies, innovation, healthcare, affordable housing, education and support to SMEs A record €49 billion invested in green finance More than €21 billion invested in energy security   In 2023, the European Investment Bank Group signed new financing contracts for close to €88 billion for high-impact projects in EU policy priorities, including climate action,...

Read more

22 Jan
Member News

Trepp | Bank CRE Annual Loan Growth: A 2023 Review and 2024 Outlook

Bank commercial real estate (CRE) lending grew by 3.2% in 2023, significantly slower than the 10.9% growth rate in 2022, according to Federal Reserve data compiled by Trepp.¹ The growth rate in 2023 was the slowest pace since 2012 when the CRE market was still in the throes of the Global Financial Crisis.  Bank CRE Lending in 2023 Bank CRE lending was slow throughout 2023, as higher interest rates took a bite out of transaction volume and negatively impacted real estate valuations....

Read more

22 Jan
Member News

Reavis, Page & Jump | A Sign of the Times: Copyright Lawsuit Filed Against Microsoft and Open AI by The New York Times

With 2024 underway, it’s worth reflecting on the flurry of lawsuits brought in 2023 by creators against owners of artificial intelligence technology companies that have forced the intersection of AI and intellectual property rights under the legal spotlight. With the unprecedented growth of AI as a search and content engine, the boundaries of creative ownership and conventional notions of copyright protections are being challenged. In our July 2023 article on the lawsuit initiated by comedian Sarah Silverman and other authors against Meta...

Read more

18 Jan
Chapter News, Uncategorized

OECD | Labour Market Situation Update: January 2024

OECD employment rate remains at record high in the third quarter of 2023 OECD employment and labour force participation rates stabilised at 70.1% and 73.8% in the third quarter of 2023, the highest levels recorded since the start of the series in 2005 and 2008, respectively. Both indicators were at or near their record highs in 9 of the 38 OECD countries, including France, Italy, and Japan (Figure 1, Tables 1 and 2). Record highs in both the OECD employment and...

Read more

18 Jan
Chapter News

European Council | Anti-money laundering: Council and Parliament strike deal on stricter rules

The Council and Parliament found a provisional agreement on parts of the anti-money laundering package that aims to protect EU citizens and the EU's financial system against money laundering and terrorist financing. "This agreement is part and parcel of the EU’s new anti-money laundering system. It will improve the way national systems against money laundering and terrorist financing are organised and work together. This will ensure that fraudsters, organised crime and terrorists will have no space left for legitimising their...

Read more

18 Jan
Member News

Trepp | European Market Update: More CLO Issuance Expected; CMBS Revival in 2023; CRE Predictions

Eurozone inflation increased to 2.9% in December from 2.4% in November, as reported by the Independent. This was the first rise in seven months and was driven mainly by the end of German and French energy subsidies, which increased prices in the Eurozone’s 2 largest economies. Inflation is still well down from the peak of October 2022 when inflation rose to over 10%. The inflation increase muddied the waters somewhat for any potential interest rate cuts in early 2024, with analysts now...

Read more

17 Jan
Member News, New York Related News

Reavis, Page & Jump | Governor Hochul Vetoes Proposed Ban on Noncompete Agreements in New York State

At the end of 2023, following a breakdown in attempts at compromise with the State Legislature, New York State Governor Kathy Hochul vetoed Senate Bill S3100A, which was passed by both houses of the State Legislature earlier this year, and would have implemented a ban on all noncompete agreements throughout New York State.  While Governor Hochul has expressed support for limiting noncompete agreements for middle-class and low-wage workers, she stated in her veto message that a total ban was...

Read more

17 Jan
Member News

Ogletree | DOL Announces Final Rule on Determining Independent Contractor Status

On January 9, 2024, the U.S. Department of Labor (DOL) announced the issuance of its final rule addressing worker classification under the Fair Labor Standards Act (FLSA). The 2024 rule, which goes into effect on March 11, 2024, is largely consistent with the proposed version the DOL rolled out in 2022, rescinding and replacing the Trump administration’s more streamlined worker classification analysis while returning to the long-used “totality of the circumstances” standard, albeit with a pro-employee twist given the...

Read more

«‹145146147148149›»