19 Oct
Chapter News

ECB | Which workers are most affected by changes in the policy rate?

The ECB Blog investigates how change in the policy rate affects wages very differently depending on characteristics of employees and firms, such as firms’ size and their access to credit. Results show that the effects are symmetric during times of easing and tightening. The ECB uses its policy rates to achieve price stability. But its decisions also have side effects on labour markets. To better understand how interest rate cuts and hikes affect labour market outcomes we look at workers,...

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18 Oct
Chapter News

Interview with Luis de Guindos, Vice-President of the ECB, conducted by Dalius Simenas on 10 October 2022

Some experts are sceptical whether monetary tightening and rapid raising of interest rates are an effective tool to tame inflation, which in the euro area is driven mainly by extremely high energy prices, by Russia's energy blackmail towards those European countries supporting Ukraine against Russian aggression. Are you confident that the European Central Bank (ECB) will manage to curb the record high inflation that reached 10% in September and to get it back to the ECB’s target of 2%...

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18 Oct
Member News

Reavis Page Jump | Introducing our newest Senior Associate, Daniel Jason Ain

We are thrilled to welcome our newest Senior Associate: Daniel Jason Ain. We are thrilled to welcome Daniel Jason Ain as the newest member of our Media and Entertainment and Employment Departments. Dan counsels production companies, independent producers, and talent on a broad range of projects across all stages of development and production. He brings to our firm years of experience representing talent in entertainment transactions, including in film, television, digital media, theater, live music, podcasts, literary publishing, and endorsements....

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18 Oct
Member News

Cozen O’Connor | Investindustrial’s Agreement to Purchase Majority Stake of Eataly S.p.A

Cozen O’Connor served as U.S. and Canadian counsel in Investindustrial’s acquisition of a majority stake in Eataly S.p.A., the global chain of upscale Italian marketplaces. A team led by M&A attorney and Italy Practice Chair Christian Moretti conducted significant due diligence of more than 20 Eataly businesses in the United States and Canada, in collaboration with Deloitte Legal Italy and Studio Legale Chiomenti. For nearly two decades, Eataly has been operating high-quality Italian food markets and restaurant concepts in prestigious locations...

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18 Oct
Chapter News

Keynote Address by Executive Dombrovskis at Harvard Law School Event on “Power and Alliances: The Transatlantic Partnership in a Changing World”

Ladies and gentlemen, It is truly an honour to be here in Harvard Law School. I am coming directly from Washington, where I represented the European Union at meetings of the IMF and World Bank. I had the chance to meet my American counterparts and ministers from around the world. At these global gatherings, and others I have attended recently, notably the G20 in Indonesia, there is a sense of upheaval in the air. The world is clearly changing. Today I want to share...

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18 Oct
Member News

Troutman Pepper | More Privacy, Please: October 2022

Editor's Note: In the U.S. laws and regulation space, the White House is focusing on privacy, evident through its session on accountability for big tech and the recent executive order highlighting cybersecurity risks. Meanwhile, the governor of California signed into law the Age-Appropriate Design Code Act and the New York legislature is considering a similar bill titled the Child Data Privacy and Protection Act. In U.S. litigation, a former security chief was convicted of obstructing justice in relation to...

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17 Oct
Member News

GT Law | Digital Assets: Financial Stability Oversight Council Risk Report Assesses Regulatory Gaps; Offers Recommendations

On Oct. 3, the Financial Stability Oversight Council (FSOC) took another step in identifying, assessing, and responding to the risks various types of digital assets pose to the financial system by releasing its Report on Digital Asset Financial Stability Risks and Regulation (Report) in response to President Biden’s March 2022 Executive Order on “Ensuring Responsible Development of Digital Assets.” The Report reviews the specific financial stability risks and regulatory gaps digital assets pose and provides recommendations to address such risks....

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17 Oct
Chapter News

DG COMP | Understanding the metaverse – a competition perspective

By Friedrich Wenzel Bulst & Sophie De Vinck, Directorate-General for Competition (DG COMP) at the European Commission Over the last two decades, our lives have become increasingly built on and around digital technologies. As a result, digital markets have become a central focus of competition enforcement. Following a flurry of reporting on the metaverse as the next digital frontier, this piece explores what we may expect from the metaverse and what that could mean for EU competition law enforcement....

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17 Oct
Chapter News

IMF | How Countries Should Respond to the Strong Dollar

Policy responses to currency depreciation pressures should focus on the drivers of the exchange-rate moves and signs of market disruptions The dollar is at its highest level since 2000, having appreciated 22 percent against the yen, 13 percent against the Euro and 6 percent against emerging market currencies since the start of this year. Such a sharp strengthening of the dollar in a matter of months has sizable macroeconomic implications for almost all countries, given the dominance of the dollar...

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17 Oct
Member News

IWTA | IRS: Partial Penalty Relief Still Available for 2019 and 2020 Returns, But it Depends…

Amidst the upheaval of the COVID-19 pandemic, some U.S. taxpayers were unable to file their 2019 or 2020 income tax returns within the IRS’ filing deadlines The Internal Revenue Service, in a show of understanding, fully waived penalties for individual taxpayers and businesses who filed certain late returns by September 30, 2022. Although the deadline has recently passed  — and the IRS is not extending it — taxpayers who file late 2019 or 2020 returns may nonetheless be eligible...

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