06 Jul
Member News

Noerr | Regulation (EU) 2023/1230 on machinery ‒ a legal regime for machinery in Europe

At last it’s here. Long-awaited Regulation (EU) 2023/1230 on machinery (the “Machinery Regulation”) was published in the EU Official Journal on 29 June 2023. Private industry and public authorities alike will now have a new set of rules on the safety requirements for machinery, which will replace Directive 2006/42/EC on machinery (the “Machinery Directive”) that has been in force for 17 years. Even though the Machinery Regulation does not constitute a paradigm shift for industry, it nevertheless introduces numerous...

Read more

06 Jul
Chapter News

FSB | Addressing Structural Vulnerabilities from Liquidity Mismatch in Open-Ended Funds – Revisions to the FSB’s 2017 Policy Recommendations: Consultation report

A key structural vulnerability from asset management activities is a potential mismatch between the liquidity of fund investments and the redemption frequency of fund units in open-ended funds. In 2017, the FSB published policy recommendations to address structural vulnerabilities in asset management activities. The recommendations relating to liquidity mismatch (“FSB Recommendations”) aimed to: strengthen regulatory reporting and public disclosure to facilitate assessment of liquidity risk in OEFs; promote liquidity management both at the fund design phase and on an ongoing...

Read more

05 Jul
Member News

Osborne Clarke | Summer 2023 – UK Immigration Policy Dilemma

The UK Government is trying to tackle a number of problems that are linked to immigration, but require contradictory solutions – inflation in food prices, increase in net-migration and a shortage of skilled workers. Inflation and immigration are not normally subjects easily joined, but the International Monetary Fund have commented on the UK economy.  Gita Gopinath (Deputy Managing Director of the IMF) said recently that "with inflation as high as it is... there are benefits to having workers come in". Ms...

Read more

05 Jul
Chapter News

Circular economy for textiles: taking responsibility to reduce, reuse and recycle textile waste and boosting markets for used textiles

Today, the Commission is proposing rules to make producers responsible for the full lifecycle of textile products and to support the sustainable management of textile waste across the EU. This initiative will accelerate the development of the separate collection, sorting, reuse and recycling sector for textiles in the EU, in line with the EU Strategy for Sustainable and Circular Textiles. Increasing the availability of used textiles is expected to create local jobs and save money for consumers in the...

Read more

04 Jul
Member News

CLA | The Potential of AI and Machine Learning

It times like these in the transportation and logistics industry that we really begin to look for opportunities to reduce our costs. Times when rates and demand are down, and we begin to look at our people, processes, and technologies for things that will directly impact the bottom line. In these moments, you might have wished your organization had two superpowers. First, the ability to put your most time-consuming, labor-intensive, and detail-oriented processes on autopilot so you could focus...

Read more

03 Jul
Member News

Fenwick | Complying with I-9 Verification as COVID-19 Flexibilities Expire

In May, the Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) announced that the Form I-9 flexibilities allowing for remote verification will end on July 31, 2023. DHS regulations designed to create a permanent remote examination process were anticipated but have not been issued. Therefore, employers must comply with the pre-pandemic Form I-9 in-person inspection and verification requirements for all new hires onboarded on or after August 1, 2023, including remote personnel. For all current...

Read more

03 Jul
Member News, New York Related News

Troutman Pepper | Wide-Ranging New York Noncompete Law Awaits Governor’s Signature

Summary On June 20, the New York State Legislature passed a bill prohibiting noncompetes. The bill currently awaits Governor Hochul’s signature. If signed into law, it will take effect just 30 days later, but will only be applicable to contracts entered into or modified on or after the effective date — it will not have retroactive effect. The proposed law would prohibit employers from entering into noncompete agreements with “covered individuals,” which, as explained in more detail below, clearly includes employees...

Read more

03 Jul
Chapter News

Conclusion of Swedish Presidency of the Council of the European Union

Today marks the conclusion of Sweden’s Presidency of the Council of the European Union. One of the top priorities in the domain of justice has been to contribute to international efforts to ensure accountability for the crimes committed in Ukraine. Eurojust and the Swedish authorities have worked closely together over the past six months and taken important steps towards this common goal. Intensifying efforts to work against impunity for core international crimes was also the theme of this year’s EU...

Read more

03 Jul
Member News

Vulcan Insight | EU Commission proposes update to EU payments infrastructure

On 28 June 2023, the European Commission proposed new measures that will modernise and update how Europeans pay for goods and services. The new rules, put forward under the Financial Data Access proposal and the revision of the Payment Services Directive (PSD3) will improve competition in electronic payments, improve consumer protection and empower consumers to share their data in a secure way.    The Financial Data Access proposal (FIDA) will establish clear rights and obligations to manage customer data sharing in the...

Read more

30 Jun
Chapter News

U.S. FED | Speech by Chair Powell on financial stability and economic developments

Chair Jerome H. Powell at the Banco de Espana Fourth Conference on Financial Stability, Madrid, Spain | 29 June 2023 | Today I will briefly discuss the current economic situation and the stresses that emerged in the U.S. banking system earlier this year. I will then turn to the evolution of the financial system since the Great Recession and conclude with a few general observations. I will highlight how global efforts to boost resilience in the financial sector over the...

Read more

«‹178179180181182›»