Member News

BBGFX | January 2022 FX Outlook

The global business and financial climate continue to be shaped by four forces as the New Year begins: Covid, elevated price pressures, the divergence of monetary policy,  and the general reduction of fiscal stimulus.   A year ago, the hope was that the vaccine would help us overcome the coronavirus, whose origin remains as mysterious as the deadly influenza a century ago. The hope now is that the Omicron mutations and T-cells in the body, rather than the vaccine per se,...

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Chapter News

Fair Taxation: EU Commission proposes to end the misuse of shell entities for tax purposes within the EU

The European Commission has today presented a key initiative to fight against the misuse of shell entities for improper tax purposes. December 22nd's proposal should ensure that entities in the European Union that have no or minimal economic activity are unable to benefit from any tax advantages and do not place any financial burden on taxpayers. This will also protect the level playing field for the vast majority of European businesses, who are key to the EU's recovery, and...

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Chapter News

Global Europe: the European Union sets out priority areas for cooperation with partner countries and regions around the world

The Commission has adopted the Multiannual Indicative Programmes (MIPs) of Global Europe setting out priority areas for cooperation with partner countries and regions around the world for 2021-27. This also includes the financial allocation for 2021-2024 (country level) and for 2021-2027 (regional level) that will support this cooperation for a total of almost €26.3 billion. The adoption of the country and regional MIPs will significantly contribute to climate actions, social inclusion and human development and migration and forced displacement...

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Member News

Cushman & Wakefield | Green is Good Part 2: Sustainability’s Impact on Office Investment Pricing

In Part 1 of this series, we examined the effect of sustainable strategies upon rents and leasing of U.S. office assets. Utilizing LEED-certification as an indicator, we determined that there was a noticeable premium for rents and revenue, controlling for quality, age and class of buildings. In Part 2 of this series, we examine how LEED certification impacts sale pricing. Over the past 10 years, LEED-certified office buildings made up 29.7% of total office investment sales in the U.S., comprising $357.4B...

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Member News

CLA | A Fresh Look at Your Organization Can Turn Challenges Into Opportunities

Are you confident that you and your organization are heading towards lasting and positive change? The COVID-19 pandemic has rattled many organizations, but with the right approach, challenges can be turned into opportunities. A fresh look at strategic plans, people needs, and technology infrastructure can help ensure short- and long-term financial success. Prioritize planning to drive success After nearly 24 months of upheaval, it is understandable that many organizations haven’t had time to update their strategic plans.  Others might not have...

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Member News

Portolano Cavallo | Italian Consumer Code: The new regulatory framework for the sale of goods and the supply of digital services and content

This article is part of Portolano Cavallo’s “INFORM@Digital & IP” Newsletter. Click here to subscribe Italy has published Legislative Decrees No. 173/2021 and No. 170/2021 in the Official Journal (Gazzetta Ufficiale), which marks completion of the transposition of Directive (EU) 2019/770 on certain aspects concerning contracts for the supply of digital content and digital services and Directive (EU) 2019/771 on certain aspects concerning contracts for the sale of goods. These decrees amend the Consumer Code (Italian Legislative Decree No. 206/2005) by introducing new...

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COVID-19 News, Member News

Wilson Sonsini | FDA Issues Draft Transition Plans for Medical Devices Commercialized Pursuant to EUA or Enforcement Discretion Policy During COVID-19 Emergency

On December 22, 2021, the U.S. Food and Drug Administration (FDA) issued two draft guidance documents for the transition plans for medical devices commercialized pursuant to either Emergency Use Authorization (EUA) or the FDA’s Enforcement Policies during the Coronavirus Disease 2019 (COVID-19) public health emergency (COVID-19 PHE). The draft guidance for EUAs can be located here, and the draft guidance for devices commercialized under the FDA’s COVID-19 Enforcement Policies can be located here. This alert provides an overview of the draft guidance(s). Overview The...

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Chapter News

French presidency of the Council of the EU: 1 January – 30 June 2022

The priorities of France's presidency are reflected in its motto: 'Recovery, strength and a sense of belonging': recovery, to enable Europe to support the ecological and digital transitions strength, to defend and promote our values and interests a sense of belonging, to build and develop a shared European vision through culture, our values and our common history According to the speech given on 9 December 2021 by French President Emmanuel Macron to present the priorities of the French presidency, the activities...

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Chapter News, COVID-19 News

EU Digital COVID Certificate: EU Commission adopts binding acceptance period of nine months for vaccination certificates

Today, the Commission adopted rules relating to the EU Digital COVID Certificate, establishing a binding acceptance period of 9 months (precisely 270 days) of vaccination certificates for the purposes of intra-EU travel. A clear and uniform acceptance period for vaccination certificates will guarantee that travel measures continue to be coordinated, as called for by the European Council following its latest meeting of 16 December 2021. The new rules will ensure restrictions are based on the best available scientific evidence as well...

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Chapter News

The EU Commission proposes the next generation of EU own resources

The EU Commission has today proposed to establish the next generation of own resources for the EU budget by putting forward three new sources of revenue: the first based on revenues from emissions trading (ETS), the second drawing on the resources generated by the proposed EU carbon border adjustment mechanism, and the third based on the share of residual profits from multinationals that will be re-allocated to EU Member States under the recent OECD/G20 agreement on a re-allocation of...

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