31 Mar
Member News

Orrick | No more ‘flying under the radar’: capturing transactions below the jurisdictional thresholds of national and EU merger control regimes

The European Commission (“Commission”) is expanding its jurisdiction over transactions by encouraging national competition authorities (“NCAs”) of the EU Member States to ‘refer’ certain transactions to it that fall below the thresholds for mandatory notification at the EU and the national level. On 26 March 2021, the Commission published guidance (“Guidance”) setting out referrals that are ‘encouraged’ and how and when it will accept such referrals. This development has not required legislative changes (which would have taken some time...

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31 Mar
Member News

Elvinger Hoss | Sustainable finance: latest developments

From 10 March 2021, credit institutions and investments firms providing portfolio management services or investment advice, terms defined by MIFID II, must comply with Level 1 transparency obligations regarding the impact of ESG factors on their activities and products, as set out in the Disclosure Regulation (EU) 2019/2088 ("SFDR "). The insurance and pension sector is also affected, depending on activities and products offered. Level 2 obligations will become binding only in 2022. Additional legislative work at EU level is underway...

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31 Mar
Brexit News, Member News

Humanizing Brexit is Critical and Urgent

Previously published on Medium.com | “Can the peoples of Europe rise to the heights of the soul and of the instinct and spirit of man”? - Winston Churchill, September 19, 1946. University of Zurich Politicians Must Exit the Scene They have done enough damage and created division. The first three months of the application of the Brexit Trade Agreement have been a repetition of the conflictual narrative of the past four years, where politicians have taken an aggressive course and dominated the Brexit...

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31 Mar
Chapter News

Introductory remarks by President Charles Michel at the videoconference of EU leaders with US President Biden

Charles Michel, President of the European Council | Good afternoon, President Biden. Thank you for accepting our invitation. We are delighted to welcome you today. It's not common practice for the European Council to host foreign guests at our regular meetings. The last time was 11 years ago.  It was your good friend, Barack Obama. In Washington, it might not be clear what the European Council does. As you know, the European Council is the gathering of the 27 EU Heads of...

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31 Mar
Chapter News

EU Commission disburses further €13 billion under SURE to six Member States

The European Commission has disbursed €13 billion to six EU Member States in the sixth instalment of financial support under the SURE instrument. This is the third disbursement in 2021. As part of today's operations, Czechia has received €1 billion, Belgium €2.2 billion, Spain €4.06 billion, Ireland €2.47 billion, Italy €1.87 billion and Poland €1.4 billion. This is the first time that Ireland has received funding under the instrument. The other five EU countries have already benefitted from loans...

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30 Mar
Chapter News

Joint press release on the meeting between High Representative/Vice-President Josep Borrell and the U.S. Secretary of State Antony Blinken

On 24 March, EU High Representative for Foreign Affairs and Security Policy/Vice President of the European Commission, Josep Borrell, and the Secretary of State of the United States of America, Antony J. Blinken met in Brussels to discuss ways to strengthen the EU-U.S. relationship and coordinate responses to priority foreign policy, security, and economic issues. They also committed to cooperate in the face of global challenges, including addressing the global climate crisis, bringing an end to the COVID-19 pandemic,...

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30 Mar
Chapter News

Intensifying Negotiations on transatlantic Data Privacy Flows: A Joint Press Statement by European Commissioner for Justice Didier Reynders and U.S. Secretary of Commerce Gina Raimondo

Today, EU Commissioner for Justice, Didier Reynders, and U.S. Secretary of Commerce, Gina Raimondo, made the following statement regarding the negotiations on transatlantic data privacy flows: “The U.S. Government and the European Commission have decided to intensify negotiations on an enhanced EU-U.S. Privacy Shield framework to comply with the July 16, 2020 judgment of the Court of Justice of the European Union in the Schrems II case. These negotiations underscore our shared commitment to privacy, data protection and the rule of law and our...

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30 Mar
Member News

MJV Technology & Innovation | Process Consulting: understand the benefits for your business

Innovation has long ceased to be an option for companies. “Innovation” used to mean the difference between dictating trends in your sector or following the trail of your competition’s success, but today the term refers to a fundamental condition of existence for businesses in the volatile and demanding Digital Age. But why are we starting a blog post about process consulting by talking about innovation? Because good process management is directly linked to how you promote innovation in your company. Do you...

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30 Mar
Brexit News, Member News

Faegre Drinker | U.K. Immigration 101

Feel free to also check out below Faegre Drinker's 'The U.K. Immigration Video Series': As employees, business leaders and travelers begin to adapt to the U.K.’s post-Brexit immigration system, a strong grasp of the most commonly used visa categories — including new visas established as a result of Brexit — is essential. To help you get up to speed, Faegre Drinker created a series of short videos providing basic overviews of each visa category, prepared and narrated by the...

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30 Mar
Chapter News

IMF | Let’s Build a Better Data Economy

Our digital footprint generates enormous value, but too much of it ends up in Big Tech silos Humanity has never been so comprehensively recorded. Smartwatches capture our pulse in real time for a distant artificial intelligence (AI) to ponder the risks of heart disease. Bluetooth and GPS keep track of whether some of us shop at gourmet stores and linger in the candy aisle. Our likes and browsing hours on social media are harvested to predict our credit risk. Our...

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