06 Jul
Member News

Jaguar Freight | Global Freight Updates – Week of July 4, 2022

In this week’s Roar: logistics managers feeling the pressure, European supply chains trending the wrong way, disagreement on the competitiveness of ocean markets, and the true cost of green shipping. Logistics managers everywhere should prepare themselves for a tough peak season—tougher than usual, that is. The issues of labor strife, congestion with N. American railroads, and lingering impact of China shutdowns will be an ongoing theme according to CNBC.com as the industry transitions into its most important time of...

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06 Jul
Chapter News, Trade & TTIP Related

FACT SHEET: U.S.-EU Trade and Technology Council Establishes Economic and Technology Policies & Initiatives

Posted on May 16, 2022 | New Policies Will Strengthen Our Economic Partnership, and Update Rules of Global Economy Read the U.S.-EU Joint Statement here. The U.S.-EU Trade and Technology Council (TTC) held its second ministerial meeting in Saclay – Paris, France on May 15-16, 2022. U.S. co-chairs, Secretary of State Antony J. Blinken, Secretary of Commerce Gina Raimondo, and United States Trade Representative Katherine Tai were joined by EU Co-Chairs European Commission Executive Vice Presidents Margrethe Vestager and Valdis Dombrovskis to...

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05 Jul
Member News

FTI Consulting | Diving Into the Deep End of ESG Reporting? Do You Even Know How to Get to the Pool?

This posting was initially published in Corporate Compliance Insights | Before operationalizing an ESG program, make sure your compliance function is in place. Companies are eager to establish their ESG programs, and it’s not hard to understand why. But as a trio of experts from FTI Consulting detail, there are many reasons why it’s wise to take some measured steps before diving into the deep end. Hardly a day goes by without headlines proclaiming the importance of ESG programs. The pervasive influence...

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05 Jul
Member News

Orrick | EU Foreign Subsidies Regulation Likely in Force in 2023

Following a trend towards protectionism that seems quite fashionable in many jurisdictions globally those days, the European Commission proposed, on 5 May 2021, a regulation on foreign subsidies distorting the internal market (hereafter “FSR”) intended to ensure a level playing field between companies subject to EU State aid rules and companies which are not. On 30 June 2022, the co-legislators (EU Parliament and Member States) reached a political agreement on the text, meaning that the regulation could be formally adopted...

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05 Jul
Member News

Panitch Law | New File Sequence Listing Requirements!

All applications with a filing date or international filing date on or after July 1, 2022, MUST file sequence listings in accordance with the new international standard, WIPO Standard ST.26 format. This is implemented internationally starting July 1, 2022, including at the United States Patent & Trademark Office (“USPTO”), and the previous ST.25 format will eventually become obsolete. What are the main differences between ST.25 and ST.26? The main difference between the two standards is that ST.25 is ASCII text format...

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05 Jul
Chapter News

Digital Services Package: Commission welcomes the adoption by the European Parliament of the EU’s new rulebook for digital services

The Commission welcomes the adoption by the European Parliament of the Digital Services Act and Digital Markets Act, proposed by the Commission in December 2020. The Digital Services Package sets out a first comprehensive rulebook for the online platforms that we all depend on in our daily lives. These new rules will be applicable across the whole of the EU and will create a safer and more open digital space, grounded in respect for fundamental rights. Executive Vice-President for a Europe...

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05 Jul
Chapter News

ESMA stress test of Central Counterparties finds clearing system resilient

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the results of its fourth stress test exercise of Central Counterparties (CCPs). The results confirm the overall resilience of European Union (EU) CCPs, as well as third-country Tier 2 CCPs, to credit, concentration and operational risks under the tested scenarios and implemented framework. However, the stress test also identified areas where some CCPs may need to strengthen their risk management frameworks, or where further supervisory...

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05 Jul
Chapter News

Sneak peek: how the EU Commission will enforce the DSA & DMA – Blog of Commissioner Thierry Breton

Today marks a historic moment in digital regulation with the landslide vote by the European Parliament adopting the Digital Services Act (DSA) and Digital Markets Act (DMA) which I have been working on together with my teams from the very first day of my mandate. These two Acts, agreed upon in record time, have resonated around the world as landmarks – with front-page media coverage in many countries and even high-level political acknowledgements including by a former US President. The EU is the first jurisdiction in the...

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01 Jul
Member News

Vulcan Insight | EU plans for new cars to be emission-free by 2035

For years, politicians across the EU have been discussing phasing out cars with internal combustion engines within the EU’s borders. On Wednesday, the EU environment ministers were in Luxembourg to discuss big parts of EU’s key climate legislation of the ‘Fit for 55’ package. After wrestling for more than 16 hours, the Council finally agreed: From 2035, new cars in the EU should be emission-free. EU states have now spoken out in favor of reducing the so-called fleet limits for cars to...

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01 Jul
Chapter News

IMF | Capital Markets Regulation Is Stronger, but Some Gaps Still Must be Closed

'Countries have made substantial progress toward implementing capital markets regulatory reform, but important gaps remain and new challenges have raised the bar.' Capital markets are like engines that help power the global economy: they perform best with regular tune-ups. In this spirit, the major regulatory overhaul following the global financial crisis was aimed at shoring up key segments, from over-the-counter derivatives to investment funds and market infrastructure, closing fault lines revealed by the crisis. But now, even after historic enhancements...

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