22 Jun
Member News

EIB and European Commission sign an Agreement to enable further investments worldwide

On 10 May 2022, the European Commission and the European Investment Bank (EIB) signed an ambitious Guarantee Agreement through which the European Commission will support up to €26.7 billion of EIB financial operations to enable crucial public investments in sectors like clean energy, digital and transport infrastructure, health and education over the next seven years, rolling out Global Gateway worldwide. Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, said: “Today’s landmark guarantee agreement with the European Investment Bank will enable to finance the...

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22 Jun
Chapter News

ECB | Frank Elderson: Good, bad and hopeful news: the latest on the supervision of climate risks

Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 10th Annual Conference on Bank Steering & Bank Management at the Frankfurt School of Finance & Management | I understand that today’s audience includes managers and experts from banks and banking associations, supervisors, academics and students. So this is an ideal platform for exchanging views on the financial sector’s role in addressing the risks of the ongoing climate...

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21 Jun
Brexit News, Member News

A&L Goodbody | Bordering on the insurmountable: NI protocol hangs in the balance

This article was first published in the Sunday Business Post, Sunday 12 June 2022 | Tensions rise as many believe legislation being prepared by Britain to unilaterally scrap parts of the Northern Ireland protocol will cause more problems than it solves. “Please don’t go there,” was the message Simon Coveney told reporters that he wanted to send to the British government last week. The Minister for Foreign Affairs was referring to a bill which will reportedly pave the way for the British...

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21 Jun
Chapter News

EU Consumer protection: TikTok commits to align with EU rules to better protect consumers

Following dialogues with the Commission and the network of national consumer protection (CPC) authorities, TikTok has committed to align its practices with the EU rules on advertising and consumer protection, namely, the Unfair commercial practices Directive, the Consumer rights Directive and the Unfair contract terms Directive.  This dialogue first originated from a complaint of the European Consumer Organisation (BEUC). In February 2021, BEUC raised the alarm regarding certain problematic practices of TikTok allegedly breaching EU consumer rules. For instance,...

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21 Jun
Chapter News

Speech by Commissioner Simson at the Three Seas Business Forum: ‘Building a Balanced and Resilient Energy Sector in the Three Seas Region’

"Check against delivery" Good morning everybody. It's great to be here in Riga today. We are going through an energy crisis that threatens our climate goals and energy security and independence all in one. The ripple effects of the Russian aggression in Ukraine have kick started a huge change in our geopolitical environment. In recent days and weeks, Russia has again and again demonstrated that it is an unreliable supplier who uses energy as a political weapon – trying to single out...

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21 Jun
Member News

Faegre Drinker | Ocean Shipping Reform Act Signed Into Law

On June 16, 2022, President Biden signed into law the Ocean Shipping Reform Act (OSRA), bipartisan legislation aimed at providing relief to U.S. importers, exporters, freight carriers, port operators and other companies experiencing sharp spikes in shipping costs and supply chain disruptions since the beginning of the COVID-19 pandemic. A focal point of the legislation is to curb rising demurrage and detention (D&D) charges imposed on importers and exporters, which have soared, globally, at unprecedented rates over the last year,...

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20 Jun
Chapter News

EU Commission sets out first analysis of the proposals stemming from the Conference on the Future of Europe

The European Commission has today adopted a Communication setting out how it can follow up on the outcome of the Conference on the Future of Europe. After a year of deliberations, the Conference came to an end on 9 May 2022. In the closing ceremony in Strasbourg, the Presidents of the European Parliament, Commission and Council received a final report from the Conference participants containing 49 wide-ranging, ambitious and forward-looking proposals and 326 individual measures. These proposals, covering nine broad themes,...

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20 Jun
Chapter News

The European Commission recommends to Council confirming Ukraine, Moldova and Georgia’s perspective to become members of the EU and provides its opinion on granting them candidate status

Today, the European Commission presented its Opinions on the application for EU membership submitted by Ukraine, Georgia and the Republic of Moldova as invited by the Council. Today's Opinions are based on the Commission's assessment in light of the three sets of criteria to join the EU agreed by the European Council: political criteria, economic criteria and the ability of the country to assume the obligations of EU membership (EU acquis). The Opinions also take into account Ukraine, Moldova...

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20 Jun
Member News

IPTI | Update on U.S. & EU Property Tax Issues: June 2022

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). United States Texas: Property value protests set new record Property owners left dazed and confused after getting their Notices of Appraised Values in the mail this year reacted predictably. They...

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17 Jun
Brexit News, Member News

Vulcan Insight | EU launches retaliatory action as UK publishes NI Protocol Bill

As expected, on Monday evening the UK Government published its Northern Ireland Protocol Bill aimed at allowing UK Ministers to circumvent a broad swath of the Brexit Agreement’s Northern Ireland Protocol.  The Bill proposes to the introduction of so-called “green” and “red” lanes for British goods destined for Northern Ireland and the Republic of Ireland respectively. Under the proposal, only goods going through the red lane would have to undergo customs checks and paperwork upon entering Northern Irish ports. A new dual regulatory system...

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