News

GOP: Italian Decree Law No. 33 of 16 May & No. 34 of 19 May

Tuesday, May 26th, 2020

Decree Law no. 33 of 16 May 2020 and PMD of 17 May 2020 After the start of Phase 2 (which began on 4 May 2020) the Italian government adopted on 16 May Law Decree no. 33 concerning, inter alia, “Further urgent measures to deal with the COVID-19 outbreak” (the “DL 16 May 2020“). Moreover, on […]

GDLSK Update: USTR Announces Additional Exclusions Granted / Modifications on SEC. 301 List 3 Products

Tuesday, May 26th, 2020

On May 21, 2020, the U.S. Trade Representative (“USTR”) announced that 78 items will be excluded from the Section 301 trade remedies imposed on Chinese-origin products. In addition the scope of four existing exclusions is being modified.  The newly announced exclusions / modifications all relate to items on China 301 List 3 (which is part […]

FaegreDrinker: U.K. International Trade, Government Announces the U.K. Global Tariff

Friday, May 22nd, 2020

May 22, 2020 | Negotiations between the United Kingdom (U.K.) Government and the European Union (EU) on their post-Brexit relationship will continue into their fourth round on 1 June, following three negotiating rounds that have so far been inconclusive. If this continues, the U.K. and EU must mutually agree by the end of June whether to […]

COVID-19 transport measures: Council adopts temporary flexibility for licences and port services

Friday, May 22nd, 2020

May 20, 2020 | The EU is adapting certain rules for different transport sectors to help companies and authorities cope in the extraordinary circumstances created by the coronavirus crisis. Today, the Council adopted temporary measures enabling the extension of the validity of certain certificates and licences in road, rail and waterborne transport, and relaxing the rules on charging ships for the […]

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Friday, May 22nd, 2020

May 22, 2020 | External communication Communication in relation to the German Federal Constitutional Court ruling of 5 May 2020 On 5 May 2020 the ECB issued a press release indicating that the Governing Council had taken note of the judgement issued by the German Federal Constitutional Court earlier that day regarding the public sector […]

Orrick: U.S. Companies Nearing Deadline to Report on Direct Investment Holdings Abroad

Friday, May 22nd, 2020

May, 2020 | And U.S. companies continue to be required to report after closing of acquisitions by foreign entities of 10%-or-more of their voting equity The U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”) collects statistics related to U.S. international investment and trade in services. This alert summarizes a current BEA reporting requirement related […]

Vulcan Insight: France and Germany propose €500 Billion Eurobonds

Friday, May 22nd, 2020

May 21, 2020 | German Chancellor Angela Merkel and French President Emmanuel Macron presented a joint initiative for a €500 billion coronavirus Recovery Fund to kickstart Europe’s economic recovery. In a surprise move for the German Chancellor, however, the fund is to be financed through mutual debt, i.e. Eurobonds. The proposal is a u-turn by Germany which […]

EACCNY #COVID19 Impact Stories from Our Partners – Phil Hogan, the EU Trade Commissioner

Thursday, May 21st, 2020

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally.

Results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD)

Thursday, May 21st, 2020

May 19, 2020 | • Credit terms remained broadly unchanged for almost all counterparties but are expected to tighten significantly the next reference period • Financing collateralised by euro-denominated securities continued to decline • Valuation disputes saw a strong increase • Terms and conditions in secured financing and OTC derivatives markets were, on balance, broadly […]

CBO Releases Infographics About the Federal Budget in Fiscal Year 2019

Thursday, May 21st, 2020

April 15, 2020 | Each year, CBO releases a set of four budget infographics that provide a detailed look at the past fiscal year as well as broader trends over the past few decades. Today, CBO published the latest infographics showing the federal budget results in fiscal year 2019. These infographics help people understand how […]