Chapter News

EU to set up new European Partnerships and invest nearly €10 billion for the green and digital transition

The Commission proposed today to set up 10 new European Partnerships between the European Union, Member States and/or the industry. The goal is to speed up the transition towards a green, climate neutral and digital Europe, and to make European industry more resilient and competitive. The EU will provide nearly €10 billion of funding that the partners will match with at least an equivalent amount of investment. This combined contribution is expected to mobilise additional investments in support of the transitions, and...

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Member News

Loyens & Loeff | EU list of “non-cooperative jurisdictions” updated – new Luxembourg tax consequences

On 22 February 2021, the European Union list of “non-cooperative jurisdictions” (the EU List) has been updated by the Economic and Financial Affairs Council (ECOFIN). This update is important in Luxembourg following the recent adoption of a law (law of 10 February 2021), which disallows the deduction for income tax purposes of interest and royalties due to related companies established in a country included in the EU List. This denial of the deduction is a new measure and applies...

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Brexit News, Chapter News

Data protection: European Commission launches process on personal data flows to UK

On February 19, the Commission launched the process towards the adoption of two adequacy decisions for transfers of personal data to the United Kingdom, one under the General Data Protection Regulation and the other for the Law Enforcement Directive. The publication of the draft decisions is the beginning of a process towards their adoption. This involves obtaining an opinion from the European Data Protection Board (EDPB) and the green light from a committee composed of representatives of the EU Member States. Once...

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Member News

Jaguar Freight | ‘The Weekly Roar’: What’s the Latest in Ocean and Air?

Things in the international shipping industry are as hectic as ever, but there are some positive signs with air cargo volume decreasing worldwide, forwarders negotiating rates for UNICEF’s vaccine distribution, video evidence of California’s box-ship traffic jam emerging, and container lines ordering new vessels to keep up with demand. Over in the ocean shipping sector, the U.S. Coast Guard’s latest video footage showing the pileup of container ships anchored across California’s San Pedro Bay revealed just how intense the congestion...

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Chapter News

IMF | Solidarity and Cooperation: Europe’s Response to the Crisis

Keynote Speech by IMF Managing Director Kristalina Georgieva at the EU Parliamentary Conference *As prepared for delivery* Thank you for the opportunity to address you today.  As EU Commissioner I benefitted from interactions with this Conference and am honored to join you again at this critical time. Jean Monnet once said: “People only act in a state of necessity and usually only recognize necessity in a situation of crisis.” We are in a crisis and it is time for action.  In 2020, 90 percent...

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Chapter News

EU industry: EU Commission takes action to improve synergies between civil, defence and space industries

Today, the Commission presents an Action Plan on Synergies between civil, defence and space industries to further enhance Europe's technological edge and support its industrial base. The Action Plan is devised against the background that, for the first time, EU funding presents opportunities to reinforce European innovation by exploring and exploiting the disruptive potential of technologies at the interface between defence, space and civil uses, such as cloud, processors, cyber, quantum and artificial intelligence. Margrethe Vestager, Executive Vice-President for ‘a Europe fit for...

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Chapter News

ECB | Investing in our climate, social and economic resilience: What are the main policy priorities?

Speech by Christine Lagarde, President of the ECB, at the opening plenary session of the European Parliamentary Week 2021 in virtual format I would like to thank you warmly for inviting me to speak to you today. It is a privilege to have an opportunity to talk to the citizens’ representatives at the heart of European democracy. Events like this one allow us to consider national debates in discussions about our common challenges as Europeans. For all of us, the past year...

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COVID-19 News, Member News

MPC | It’s not the vaccines it’s the vaccinations

Covid-19 has killed 480,000 people in the United States and 2.39 million worldwide, while infecting 27 million people in the United States and approximately 109 million people worldwide.  Though at the moment, hospitalizations, deaths and new cases are fortunately dropping, it does not mean we are out of the woods just yet, especially with variants increasing in the U.S.  Although masks and social distancing are effective in slowing the spread of the virus, vaccines are a more effective means...

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Brexit News, Member News

Houthoff | Financial regulatory status post Brexit

There is still much uncertainty about the financial regulatory consequences of Brexit for UK entities operating in the Netherlands. In this News Update, we give an overview of the current situation, focusing on market access. We discuss the cancellation of European passports, the exceptions to this, equivalence decisions and cooperation between supervisory authorities. If you wish to stay informed, you can subscribe to the News Update Financial Regulatory. The EU-UK Trade and Cooperation Agreement covers financial services in the same way as they are generally covered in...

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Brexit News, Member News

Steptoe | EU/UK Trade Post-Brexit: Rules of Origin and Their Impact on Competition Law

The following note highlights certain barriers to free trade flows between the UK and the EU that have arisen in the post-Brexit era, with particular reference to rules of origin and origin procedures. It assesses the consequences these new rules will have in determining market power, influencing supply chain practices, and the application of UK and EU competition law in the future. The Trade and Cooperation Agreement The UK's continued membership of the European Union and Customs Union during the so-called...

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