Member News

Faegre Drinker | US Broadband in 2021; Policies Promoting Infrastructure, Competition, National Security and Universal Access

During his presidential campaign, President Biden committed “to build back better in rural America” by “expand broadband, or wireless broadband via 5G, to every American.” Last month, President Biden renewed his focus on “universal broadband” through the announcement of a bipartisan agreement for a large infrastructure bill that highlights broadband connectivity. Between setting the goal and realizing congressional appropriations to implement his “Build Back Better” initiative, federal (and in some situations, state) regulators have also confronted several important broadband infrastructure issues this...

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Chapter News

OECD | International community strikes a ground-breaking tax deal for the digital age

Major reform of the international tax system finalised today at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The landmark deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most profitable MNEs to countries worldwide, ensuring that these firms pay a fair share of tax wherever...

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Chapter News

EU Plenary highlights: energy prices, tax revelations, Arctic

MEPs discussed solutions to the current energy price hikes as well as new tax avoidance revelations during October's first plenary session. Energy prices Parliament approved an update of the selection rules for energy projects eligible for EU funding to support making cross-border energy infrastructure more sustainable. In a debate with Energy Commissioner Kadri Simson, MEPs stressed the urgent need to support vulnerable households in the EU faced with record high gas and electricity prices. Tax revelations MEPs discussed the Pandora papers revelations, documenting global tax avoidance and tax...

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Chapter News

EU Environment Council, 6 October 2021

Main results EU environment ministers met in Luxembourg to exchange views on the Fit for 55 package, prepare the COP26 climate summit and discuss the new EU forest strategy for 2030. The Council adopted its position at first reading on modifications to the Aarhus Regulation. Ministers also discussed the current surge in energy prices. COP26 climate summit Ministers started the meeting with a discussion on the preparations for the United Nations Framework Convention on Climate Change (UNFCCC) meeting to be held from...

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Member News

Stibbe | EU Commission reveals first piece of antitrust sustainability puzzle

The European Commission has published a Policy Brief setting out its preliminary views on how to fit the European Green Deal’s sustainability goals into the EU competition rules. Companies keen to be green may be left in limbo by a looming clash with more far-reaching proposals from national competition authorities. More pieces of the antitrust sustainability puzzle will fall into place as soon as the ongoing review of the guidelines on horizontal cooperation is finalised. Never fear – more clarity is (almost) here? The Policy...

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Member News

Vulcan Insight | EU looks to tackle rising energy costs

As energy prices soured across the European Union to new record levels in recent months, the European Commission and EU Member States move to tackle the rising costs at the highest political level. Among some critical voices over a correlation between the Commission’s climate ambitions and the rising prices, EU Energy Commissioner Kadri Simson will present a “toolbox” of measures to respond next week. After both electricity and gas prices reached multi-year records in the past weeks, the debate over...

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Chapter News

IMF | When It Comes to Public Finances, Credibility Is Key

Ending the health crisis and addressing its immediate fallout remains the top priority, but governments would also benefit from committing to fiscal responsibility. From the outset of the COVID-19 pandemic, governments have extended massive fiscal support that has saved lives and jobs. As a result, public debt has reached a historic high, although it is expected to decrease marginally in the next few years. These developments raise questions about how high debt can go without being disruptive. Commitment to budget discipline and...

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Member News

Noerr | Effectiveness of jurisdiction agreements with business founders in Germany

Introduction By means of a jurisdiction agreement, the location, subject matter and/or international jurisdiction of a court can be contractually determined in the event of a dispute between the parties. Franchise agreements regularly provide for jurisdiction agreements in favour of the franchisor's registered office. An example of common wording in franchise agreements (in Germany) is: “The parties agree that the Regional Court of the location of the Franchisor’s registered office shall have exclusive jurisdiction for any lawsuit related to or arising...

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Member News

ING | Reflections of Climate Week NYC Shifting from Talk to Action

Remarks by Gerald Walker, CEO of ING, Americas | Somewhat surprisingly, Climate Week NYC received relatively limited attention in the mainstream media last week.  The event saw the same familiar themes – reiterating the actions that need to be taken to stem the continued negative impact of climate change. But was there more than just the same old? Yes, a little: there were some encouraging movements at the government level – and one very important call to action in the...

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Member News

Switzerland remains a global innovation leader

Geneva – Switzerland has once again topped the Global Innovation Index for this year. In so doing, the World Intellectual Property Organization has determined that no coronavirus-related slump has been observed in relation to financing innovation. Switzerland has successfully defended top spot in the Global Innovation Index, further details of which can be found in a press release issued by Wipo, the World Intellectual Property Organization. As was the case in the previous year, the places immediately behind Switzerland are again occupied by Sweden,...

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