13 Jan
Brexit News, Member News

Vulcan Insight | EU and UK strike a deal on trade data in sign of improved relations

Some progress was made in EU-UK relations this week as both sides came to an agreement on EU access to UK IT systems governing the movement of goods from Great Britain to Northern Ireland. Many have welcomed the move as a significant development in ongoing talks over the Northern Ireland Protocol and has provided some hope that further progress can be made ahead of the 25th anniversary of the Good Friday Peace Agreement in April. The agreement was announced following a...

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13 Jan
Chapter News

Foreign Subsidies Regulation: rules to ensure fair and open EU markets enter into force

Today, the Foreign Subsidies Regulation (‘FSR') enters into force. This new set of rules for addressing distortions caused by foreign subsidies will allow the EU to remain open to trade and investment, while ensuring a level playing field for all companies operating in the Single Market. The Regulation was proposed by the Commission in May 2021 and agreed by the European Parliament and the Council in record-time, in June 2022. The new rules on distortive foreign subsidies The FSR applies to...

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13 Jan
Member News

Dear Littler: How should employers revise their releases, separation agreements, and settlement agreements in light of the Speak Out Act?

Dear Littler: Considering the recent passage of the federal Speak Out Act limiting the use of pre-dispute nondisclosure and non-disparagement clauses involving sexual assault and sexual harassment claims, what impact will this have on our template releases, separation agreements, and litigation settlement agreements? How do you recommend we revise those documents? —Revising Releases Dear Revising, This is a great question, and one that employers across the country are dealing with after President Biden signed the Speak Out Act last week. The statute...

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12 Jan
Chapter News

ECB | Croatia adopts the euro

Prepared by Matteo Falagiarda and Christine Gartner Published as part of the ECB Economic Bulletin, Issue 8/2022. On 1 January 2023 Croatia adopted the euro and became the 20th member of the euro area. The assessments set out in the 2022 convergence reports of the European Commission and the European Central Bank paved the way for the first enlargement of the euro area since Lithuania joined in 2015. On 12 July 2022 the Council of the European Union formally approved Croatia’s accession...

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12 Jan
Chapter News

First cooperation and monitoring cycle to reach EU 2030 Digital Decade targets kicks off

The Digital Decade policy programme 2030, a monitoring and cooperation mechanism to achieve common targets for Europe's digital transformation by 2030, has entered into force. For the first time, the European Parliament, Member States and the Commission have jointly set concrete objectives and targets in the four key areas of digital skills, infrastructure including connectivity, the digitalisation of businesses, and online public services, in respect of the Declaration on European Digital Rights and Principles. The objectives and targets are accompanied...

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12 Jan
Member News

Bennett Jones | Reflections on Canada’s M&A Landscape in 2022 and a Look Ahead to 2023

The Canadian M&A landscape is one of reserved optimism as 2022 comes to a close and we look ahead to a new year. Despite the uncertainty in the marketplace, Canada remains home to attractive assets and dynamic dealmakers. We expect M&A transactions in 2023 to see impressive activity in sectors such as technology and software, renewable and alternate sources of energy (particularly wind, solar, hydrogen and energy storage), battery metals in the mining sector, healthcare and agribusiness. Canada's mid-market remains...

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12 Jan
Member News

Sika exceeds sales of CHF 10 billion for the first time – strong growth of 15.8% in local currencies

Sika posts sales of CHF 10.49 billion in 2022 Sales growth of 15.8% in local currencies (+13.4% in CHF) Further growth platforms secured with acquisitions of Sable Marco (Canada) and UGL (USA) Closing of MBCC acquisition targeted for first half of 2023 New plants opened in Tanzania, Ivory Coast, Bolivia, USA, and China Record EBIT and an EBIT margin of 15% anticipated for the 2022 fiscal year Confirmation of 2023 strategic targets for sustainable, profitable growth Sika performed well...

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12 Jan
Member News

Wilson Sonsini | 2023 U.S. Cybersecurity Predictions

Given that cyberattacks continue to be sophisticated and severe, and cybersecurity continues to be a top concern for regulators, consumers, business partners, and investors, companies should be proactive and devote adequate resources to their security practices and incident response. In addition to the litigation and reputational risks that companies face if they are perceived as having inadequate security practices, regulators are imposing significant fines for data breaches, increasingly calling for greater board oversight of cybersecurity and holding top officials...

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11 Jan
Chapter News

Data protection: EU Commission starts process to adopt adequacy decision for safe data flows with the US

On 13 December 2022, the European Commission launched the process towards the adoption of an adequacy decision for the EU-U.S. Data Privacy Framework, which will foster safe trans-Atlantic data flows and address the concerns raised by the Court of Justice of the European Union in its Schrems II decision of July 2020. Today's draft decision follows the signature of a US Executive Order by President Biden on 7 October 2022, along with the regulations issued by the US Attorney General...

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11 Jan
Member News

CEA Legal P.C. | The Financial Crimes Enforcement Network (FinCEN) has published another rule, implementing Section 6403 of the Corporate Transparency Act (CTA)

When you read news stories about financial crimes and business corruption, you might get the impression that businesses can get away with anything. It seems like banks will lend them huge sums of money after asking a few questions about what they will do with the money. A new federal law aims to increase business transparency by forcing the corporations to identify their decision-makers. To find out whether your company is required to submit a report to the Department of...

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