06 Dec
Member News

Faegre Drinker | The EU’s Collective Redress Directive — What Is Included and What Is Excluded as Potential Bases for Collective Redress Lawsuits?

In this fifth alert in our series regarding the European Parliament’s formal endorsement of a new collective actions legislation titled the Directive of the European Parliament and of the Council on Representative Actions for the Protection of the Collective Interests of Consumers, we analyze what laws, and their alleged infringement, may give rise to collective redress suits in the EU once enforcement of the Directive begins in 2023. We also consider what companies may do between now and then to prepare. What Laws...

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06 Dec
Member News

Loyens & Loeff | EDPB publishes guidelines on interplay territorial scope GDPR and international transfers

On 18 November 2021, the European Data Protection Board (the “EDPB”) published guidelines on the interplay between article 3 GDPR, on the territorial scope of the GDPR, and Chapter V of the GDPR, on international transfers. The guidelines clarify the concept of international transfers and provide clarification on the necessity of a transfer mechanism through several practical examples. The extra-territorial applicability of the GDPR and ambiguity relating to international transfers The GDPR does not only apply to data controllers and processors...

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06 Dec
Chapter News

IMF | Addressing Inflation Pressures Amid an Enduring Pandemic

With inflationary pressures intensifying and Omicron generating new uncertainties, monetary policymakers are facing new and challenging tradeoffs. The resurgence of the pandemic and the latest variant, Omicron, have sharply increased uncertainty around global economic prospects. This comes as several countries grapple with inflation well above their monetary policy targets. It is however evident that the strength of the economic recovery and magnitude of underlying inflationary pressures vary significantly across countries. Accordingly, policy responses to rising prices must be calibrated to...

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03 Dec
Member News

Vulcan Insight | Energy security concerns – Irish Government responds with a new Policy Statement

With demand for energy on an increasingly upward trajectory over the course of the decade, the Government is concomitantly increasingly concerned about the security of Ireland’s energy supply. The challenges facing Ireland’s energy supply can be summarised in four key points: (1) lower than expected availability from some existing power stations; (2) anticipated new power stations not being developed as planned; (3) expected growth in electricity demand, including from data centres; and (4) expected closure of some power stations...

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03 Dec
Member News

Stéphanie Lhomme joins Arendt Regulatory & Consulting to enrich Arendt’s financial crime and forensic investigations offering

Luxembourg, 3 December 2021 – Stéphanie Lhomme has joined Arendt Regulatory & Consulting in the role of Director in order to strengthen Arendt’s advisory services offering to clients in the areas of Forensic Investigations, Anti-bribery & Corruption, and Corporate Intelligence. Before joining Arendt Regulatory & Consulting, Stéphanie worked at major advisory firms in France, the US and the UK. Financial crime in the broadest sense is on the rise (fraud, corruption, money laundering, misuse of corporate assets, theft of information and...

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02 Dec
Member News

EXEO Attorneys | December: Immigration U.S. & Canada

This week's special newsletter provides an overview of notable changes in Canadian immigration including all measures directly related to the COVID-19 pandemic. Here are the most important news since the beginning of the pandemic and travel restrictions as of December 1st, 2021. Molecular testing will be required upon arrival in Canada by air International travellers (excluding the USA) entering Canada by air will be required to undergo a molecular screening test upon arrival - including vaccinated travellers. Travellers should then be quarantined...

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02 Dec
Chapter News

Modernising judicial cooperation: EU Commission paves the way for further digitalisation of EU justice systems

Today, the European Commission has adopted several initiatives to digitalise EU justice systems, making them more accessible and effective. The overarching aim of the measures is to make digital communication channels the default channel in cross-border judicial cases, thus translating one of the priorities set out in last year's Communication on the Digitalisation of Justice into action. In the EU's internal market today, many legal disputes between citizens and businesses take place across borders. Also, to fight cross-border crime more effectively, different Member...

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02 Dec
Chapter News

Global Gateway: up to €300 billion for the European Union’s strategy to boost sustainable links around the world

Today, the European Commission and the High Representative for Foreign Affairs and Security Policy launch the Global Gateway, the new European Strategy to boost smart, clean and secure links in digital, energy and transport and strengthen health, education and research systems across the world. It stands for sustainable and trusted connections that work for people and the planet, to tackle the most pressing global challenges, from climate change and protecting the environment, to improving health security and boosting competitiveness...

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02 Dec
Member News

BBGFX | December 2021 FX Outlook

The pandemic is still with us as the year winds down and has not yet become endemic, like the seasonal flu.  Even before the new Omicron variant was sequenced, Europe was being particularly hard hit, and social restrictions, especially among the unvaccinated, were spurring social strife.  US cases, notably in the Midwest, were rising, and there is fear that it is 4-6 weeks behind Europe in experiencing the surge.  Whatever herd immunity is, it has not been achieved.  Moreover,...

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01 Dec
Chapter News

FSB | Good Practices for Crisis Management Groups (CMGs)

Crisis Management Groups (CMGs) of Global Systemically Important Banks (G-SIBs) have been in place for over 10 years as a core part of the post global financial crisis coordination infrastructure. This report sets out good practices that have helped CMGs to enhance their preparedness for the management and resolution of a cross-border financial crisis affecting a Global Systemically Important Bank (G-SIB) as per the FSB Key Attributes. It draws on a stocktake carried out by the FSB in 2020 and...

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