04 Nov
Member News

Troutman Pepper | President Biden’s Working Group on Financial Markets Issues Report on Stablecoins

On November 1, the President’s Working Group on Financial Markets (PWG), along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, issued a “Report on Stablecoins” (Report) that provided background on stablecoins, identified regulatory gaps related to such digital assets, and offered recommendations for addressing those gaps. After outlining the risks and deficiencies in the current regulatory landscape as it relates to stablecoins, the Report recommended that Congress enact legislation requiring that stablecoins...

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04 Nov
Chapter News

COP26: European Commission announces €1 billion pledge to protect world forests

European Commission President Ursula von der Leyen announced today €1 billion at the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow as the European Union contribution to the Global Forests Finance Pledge. This 5-year support package from the EU budget will help partner countries to protect, restore and sustainably manage forests worldwide and deliver on the Paris Agreement. President Ursula von der Leyen said: “Forests are the green lungs of the earth. We need to protect and restore them. I gladly announce...

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04 Nov
Chapter News

ECB Speech | The outlook for inflation, learning from Lisbon: recovery and resilience in Europe

Speech by Christine Lagarde, President of the ECB, on the occasion of the 175th anniversary of Banco de Portugal in Lisbon | Introduction I am delighted to be here in Lisbon to celebrate the 175th anniversary of the Banco de Portugal, an institution that can be proud of its contribution to Portuguese history. And it is a history that is fused with Europe. Lisbon was home to the peaceful Carnation Revolution of 1974, which ushered in democracy and marked a crucial step...

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03 Nov
Member News

Switzerland Trade & Invest | DG Fuels relies on Energy Vault technology

Lugano/Washington – The American company DG Fuels and Energy Vault from Lugano in the canton of Ticino are working together. DG Fuels will use Energy Vault’s gravity energy storage solution to produce sustainable aviation fuel. DG Fuels is building a system to manufacture synthetic aviation fuels with no CO2 emissions. The American company uses water electrolysis and biomass-derived carbon replacement fuel for this. Now, according to a press release, it has also decided to use an innovative energy storage technology...

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03 Nov
Chapter News

U.S. President Biden, European Commission President von der Leyen and UK Prime minister Johnson announce Commitment to addressing climate crisis through infrastructure development

Building on the June 2021 commitment of G7 Leaders to launch a values-driven, high-standard, and transparent infrastructure partnership to meet global infrastructure development needs, U.S. President Biden and European Commission President von der Leyen hosted a discussion on the margins of COP26 with UK Prime Minister Johnson, Barbadian Prime Minister Mottley, Canadian Prime Minister Trudeau, Colombian President Duque, Ecuadorian President Lasso, Democratic Republic of the Congo President Tshisekedi, Indian Prime Minister Modi, Japanese Prime Minister Kishida, and Nigerian President...

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03 Nov
Chapter News

Speech by President von der Leyen on accelerating clean technology innovation and deployment

Excellencies, Ladies and Gentlemen, Fellow leaders, I welcome and endorse the World Leaders' Summit Statement on the Breakthrough Agenda. And the European Union is proud to support all four breakthroughs on power; road transport; steel; and hydrogen. I am especially glad that on this COP26, finally, we prioritise the importance of innovation. Because it is only through innovation that we are going to get to our goal of net zero. And therefore, scientists and innovators, entrepreneurs and investors, that is...

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03 Nov
Member News

Wilson Sonsini | FTC Releases Updated Safeguards Rule for Financial Institutions

On October 27, 2021, the Federal Trade Commission (FTC) released a final rule that updates the Safeguards Rule of the Gramm-Leach-Bliley Act (Final Rule). This Final Rule comes after the FTC sought comment on proposed changes to the Safeguards Rule in 2019 and held a public workshop in 2020. The Safeguards Rule applies to non-banking financial institutions, including certain financial technology companies, that are engaged in financial activities. The Final Rule makes significant updates to the original Safeguards Rule promulgated in 2003,...

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02 Nov
Member News

Stout | Plastics M&A Activity Approaching Record High in 2021

There were 348 plastics industry M&A transactions through the first nine months of 2021, a 31% year-over-year (YOY) increase. Plastics M&A has rebounded significantly since the Q2 2020 trough, with Q3 2021 achieving the highest level of quarterly deal activity since early 2019. M&A activity by private equity firms (both selling and buying) has increased significantly in 2021, accounting for most of the incremental volume for the year. Positive momentum is expected to continue for the rest of the...

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02 Nov
Member News

Panitch Law | USPTO Announces DOCX Requirement for Certain Patent Applications

Starting January 1, 2022, the United States Patent & Trademark Office (“USPTO”) will begin requiring that certain patent applications be filed electronically in “DOCX” format to increase efficiency and accuracy during the examination process. At the same time, the USPTO will begin assessing a surcharge of up to $400 for electronically filing these patent applications in PDF format.  This surcharge is designed to encourage applicants to file using the DOCX format supported by Microsoft Word 2007 and higher, Google...

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02 Nov
Chapter News, Trade & TTIP Related

EU and US agree to start discussions on a Global Arrangement on Sustainable Steel and Aluminium and suspend steel and aluminium trade disputes

European Commission President von der Leyen and United States President Biden agreed today to start discussions on a Global Arrangement on Sustainable Steel and Aluminium. This marks a new milestone in the transatlantic relationship, and in EU-US efforts to achieve the decarbonisation of the global steel and aluminium industries in the fight against climate change. The two Presidents also agreed to pause the bilateral World Trade Organization disputes on steel and aluminium. This builds on our recent successes in...

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