Chapter News

European Commission | The Combined Transport Directive Proposal – Questions and Answers

What is Combined Transport Directive and why do we need this Directive? The Combined Transport Directive (92/106/EEC) is one of the key EU legal instruments that directly aim at reducing the negative externalities of freight transport, such as CO2 and other emissions, congestion, noise and accidents, by supporting a shift from long-distance road transport to rail, inland waterways and maritime transport. Road transport is responsible for the majority of negative externalities in transport in the EU, both because it is by...

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Member News

Noerr | Landmark Decision by the German Federal Court of Justice on Disclosure Duties in Real Estate Sales – Relevant to Entire M&A Practice

In certain cases, a seller is subject to a separate disclosure duty even if the buyer has had the opportunity to take notice of a certain issue in a data room. This applies in any case if such issue may cause the buyer considerable financial loss and is not readily recognisable from the data provided. In particular, the buyer may usually expect to be informed by the seller if the seller is aware of the issue and can therefore...

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Member News

Trepp | European Market Update: UK Inflation to Fall; Six New CLO Deals; WeWork Bankruptcy

Following the lead of the European Central Bank last week, the Bank of England (BoE) kept the base interest rate at 5.25% as a result of a majority vote of six votes to three by the Monetary Policy Committee. The three minority voters wanted to raise rates again. This is the second month in a row that the Bank has held rates level, after 14 months of rises. UK Inflation to Fall Some other interesting economic projections released by the BoE included the...

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Member News, Uncategorized

CLA (CliftonLarsonAllen) | Should Health Care and Life Sciences Consider ESG? – Explore Pros and Cons

The Inflation Reduction Act (IRA) included dozens of tax credits for green energy initiatives. It is an example of policies meant to incentivize businesses and organizations — including in health care and life sciences — to advance sustainable energy practices. While it is a great opportunity to consider on its own, taking advantage of these IRA incentives also lends itself to the emerging ESG movement. In health care regulations and policy, we could view the Biden administration’s efforts on health equity as ESG-esque. For example,...

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Chapter News

IMF | How Green Innovation Can Stimulate Economies and Curb Emissions

Blog post by Zeina Hasna, Florence Jaumotte, Jaden Kim, Samuel Pienknagura and Gregor Schwerhoff |  Making low-carbon technologies cheaper and more widely available is crucial to reducing harmful emissions. We have seen decades of progress in green innovation for mitigation and adaptation: from electric cars and clean hydrogen to renewable energy and battery storage. More recently though, momentum in green innovation has slowed. And promising technologies aren’t spreading fast enough to lower-income countries, where they can be especially helpful to...

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Member News

Houthoff | EIOPA’s Opinion on the Supervision of Captives of Insurers and Reinsurers and some Noteworthy Draft Changes in the Financial Supervision Laws

In this News Update we discuss some noteworthy proposals in the Financial Markets Amendment Act 2024, and EIOPA's Opinion on the supervision of captives of insurers and reinsurers. We further highlight some other financial regulatory publications issued since our last News Update. FINANCIAL MARKETS AMENDMENT ACT 2024 In early September 2023 the Minister of Finance filed the draft bill to amend various financial markets acts (the Bill) (Wijzigingswet financiële markten 2024) (in Dutch only). Although the majority of the proposed amendments are of a technical...

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Member News, Uncategorized

Cozen O’Connor | Immigration Catch Up: October 2023

October 2023 not only provided amazing Halloween costumes but big updates to the United States and global immigration. The Cozen O’Connor catch-up this month highlights these changes and provides the details you need to determine how or if these changes impact you and your business. In the United States, the Department of State (DOS) has a proposal to enable H-1B visa holders to renew their visas in the United States (this program had been discontinued in 2004). The U.S. Citizenship...

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Chapter News

European Commission | Joint Statement Following the Latest Meeting of the EU-US Task Force on Energy Security

The EU-US Task Force on Energy Security met for the 11th time on October 31, 2023, convened by co-chairs Amos Hochstein, Special Presidential Coordinator for Global Infrastructure and Energy Security, and Björn Seibert, Head of Cabinet of European Commission President Ursula von der Leyen, with the participation of Sarah Ladislaw, Special Assistant to the President and Senior Director for Climate and Energy at the US National Security Council, and Ditte Juul Jørgensen, European Commission Director-General for Energy. The discussion focused...

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Member News

HSBC | Legislating to Unlock Digital Trade Opportunities

Trade is still incredibly reliant on paper and that has remained unchanged for centuries. It’s estimated that there are an average of 28.5 billion trade documents1 printed and flown around the world every day. That’s a staggering number. As those involved in trade may have experienced, in many cases goods arrive at their destination before the documentation has. For example, while transit periods between Singapore and Bangladesh might take 5 days, the legal documentation that acts as proof of ownership of...

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Member News

Institute of International Education (IIE) | Emergency Student Fund Launched for Students from Israel, Gaza, and the West Bank

Nomination Deadline: November 16, 2023IIE's Emergency Student Fund provides grants to international undergraduate and graduate students in the U.S. when natural disasters, war, or other crises threaten their education. We are issuing a call for IIENetwork member institutions (including institutions that join IIENetwork by the ESF deadline) to nominate up to five international students from Israel, Gaza, and the West Bank financially impacted by the ongoing conflict.This effort will provide one-time grants of between $2,000 and $3,000 to selected students...

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