23 Apr
Chapter News

Opening remarks by President von der Leyen at the civil society consultation ahead of the Global Health Summit

Speech on 20 April 2021 in Brussels by President von der Leyen | "Check against delivery" Prime Minister Draghi, dear Mario, Ladies and Gentlemen, Thank you very much for joining us from all the different places! We are in this together! And we have to work together – because, as we all know, no one is safe until everyone is safe. We have to join forces to fight this pandemic from every angle and to recover sustainably. This is true for health authorities and all levels...

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23 Apr
Chapter News

IMF Managing Director’s intervention at the Leaders Summit on Climate, Session 2: Investing in Climate Solutions

As Prepared for Delivery on April 22, 2021 by Kristalina Georgieva | Mr. President, Special Envoy Kerry, Secretary Yellen, At the IMF we look at climate change as central in our work on macroeconomic and financial stability, growth and employment.  It presents huge risks to the functioning of our economies and offers incredible opportunities for transformative investments and green jobs. Let me focus on three areas where the right policies can make a significant difference in accelerating the transition to the new climate economy. First, a robust price...

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22 Apr
Member News

Panitch Law | The Hague System for the International Registration of Industrial Designs

The Hague System for the International Registration of Industrial designs is an effective vehicle for centralized acquisition of design patents in multiple jurisdictions and subsequent maintenance thereof. Generally, a single International Design Application (“IDA”) is filed with the International Bureau (“IB”) at the World Intellectual Property Organization (“WIPO”), designating a number of selected contracting jurisdictions, i.e., participating countries or regions, for registration.  Filing of the IDA with WIPO streamlines basic filing requirements and bibliographic data. Upon filing, the IDA is reviewed...

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22 Apr
Member News

WSGR | The FTC Can No Longer Go to Court for Monetary Relief Under Section 13(b)

On April 22, 2021, the United States Supreme Court unanimously decided the closely watched case AMG v. FTC. Petitioners argued that the Federal Trade Commission (FTC) had no authority to get monetary relief under Section 13(b) of the FTC Act, which by its text provides for, at most, "a permanent injunction." The decision marks the end of the FTC's broad exercise of 13(b) authority to get money back from those who violate the FTC Act—for now. Section 13(b) has been a cornerstone of...

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22 Apr
Chapter News

IMF | Understanding the Rise in Long-Term Rates

The rise in long-term US interest rates has become a focus of global macro-financial concerns. The nominal yield on the benchmark 10-year Treasury has increased about 70 basis points since the beginning of the year. This reflects in part an improving US economic outlook amid strong fiscal support and the accelerating recovery from the COVID-19 crisis. So an increase would be expected. But other factors like investors’ concerns about the fiscal position and uncertainty about the economic and policy outlook may...

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22 Apr
Chapter News

Conference | Christine Lagarde, President of the ECB & Luis de Guindos, Vice-President of the ECB

Introductory remarks by Christine Lagarde, President of the ECB, Frankfurt am Main, 22 April 2021 | Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of the meeting of the Governing Council. While the recovery in global demand and the sizeable fiscal stimulus are supporting global and euro area activity, the near-term economic outlook remains clouded by uncertainty about the resurgence of the pandemic and the...

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22 Apr
Chapter News

New rules for Artificial Intelligence – Questions and Answers

Index: New regulatory framework on AI Coordinated Plan – 2021 Update New Machinery Regulation Next steps 1. A new regulatory framework on AI Why do we need to regulate the use of Artificial Intelligence technology? The potential benefits of AI for our societies are manifold from improved medical care to better education. Faced with the rapid technological development of AI, the EU must act as one to harness these opportunities. While most AI systems will pose low to no risk, certain AI...

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22 Apr
Member News, New York Related News

Marks Paneth | New York State Decouples from Federal Opportunity Zone Tax Provisions

The recently announced New York State fiscal year 2022 budget includes legislation which “decouples” New York from the federal income tax deferral available for investments in Opportunity Zones, beginning generally as of January 1, 2021. From a federal standpoint, there have been three major benefits to taxpayers who invest in Opportunity Zones: Deferral of tax on original capital gain: A taxpayer can defer paying tax on an eligible gain that is reinvested in an Opportunity Zone within the requisite time frame (generally...

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21 Apr
Chapter News

Europe fit for the Digital Age: Commission proposes new rules and actions for excellence and trust in Artificial Intelligence

The Commission proposes today new rules and actions aiming to turn Europe into the global hub for trustworthy Artificial Intelligence (AI). The combination of the first-ever legal framework on AI and a new Coordinated Plan with Member States will guarantee the safety and fundamental rights of people and businesses, while strengthening AI uptake, investment and innovation across the EU. New rules on Machinery will complement this approach by adapting safety rules to increase users' trust in the new, versatile generation of products. Margrethe Vestager, Executive Vice-President for...

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21 Apr
Chapter News

European climate law: Council and Parliament reach provisional agreement

The Council's and the European Parliament's negotiators reached a provisional political agreement setting into law the objective of a climate-neutral EU by 2050, and a collective, net greenhouse gas emissions reduction target (emissions after deduction of removals) of at least 55% by 2030 compared to 1990. We are very happy with the provisional deal reached today. The European climate law is "the law of laws" that sets the frame for the EU's climate-related legislation for the 30 years to come....

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