14 Jul
Member News

Troutman Pepper | Companies Should Exercise Caution When Addressing Anonymous Whistleblower Complaints

Public companies should proceed with caution when receiving and investigating anonymous whistleblower complaints. Several public companies recently received whistleblower complaints from an anonymous source – each with identical or similar wording – purporting to concern alleged insider trading by employees at the recipient company. These complaints, which have been submitted to the third-party ethics or whistleblower e-mail hotlines at a number of public companies, allege that unidentified company employees made statements suggesting that the employees traded in the company’s...

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14 Jul
Chapter News

European Green Deal: EU Commission proposes transformation of EU economy and society to meet climate ambitions

Today, the European Commission adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. Achieving these emission reductions in the next decade is crucial to Europe becoming the world's first climate-neutral continent by 2050 and making the European Green Deal a reality. With today's proposals, the Commission is presenting the legislative tools to deliver on the targets agreed in the...

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13 Jul
Member News

TABS | When Is The Right Time To Dive Into The Hot U.S. Economy?

An article on the impact of the Biden Administration.  Doing business in the U.S. Many European companies realized a healthy year-over-year increase in their U.S. revenues for fiscal year  2020. This was especially the case for E-commerce companies that saw  sharp increases, often as a direct result of Covid-19. European companies have benefited from the strong recovery in the U.S. in the later part of 2020 which appears to be carrying over into 2021; the U.S. economy grew by 6.5% in...

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13 Jul
Member News

Via | Fleet electrification and the transition to shared, low-carbon mobility

Cities are investing in new technology that makes planning, managing, and scheduling a fully electrified fleet — or a mixed fleet — easier than ever before. Ask any city leader or transportation expert to talk about their vision for a low-carbon future, and electric vehicles (EVs) will be prominently featured. Transportation generates the largest share of greenhouse gas emissions, so EVs are a critical piece of the transportation decarbonization puzzle. Transit fleets are especially well suited for vehicle electrification, for a number of reasons. Because...

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13 Jul
Chapter News

Economic and Financial Affairs Council

Main results Infographic - Recovery fund: the EU delivers See full infographic Ministers focused on the economic recovery. They adopted the first set of Council implementing decisions on the approval of 12 national recovery and resilience plans. Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia and Spain can now sign grant and loan agreements and start receiving funds from the EU's Recovery and Resilience Facility. Ministers also exchanged views on the further implementation of the Recovery and Resilience Facility. The Facility will make...

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12 Jul
Member News

BBGFX | Can the Dollar and Bonds Rally Together for Long?

After reversing lower despite a robust jobs report on July 2, the greenback saw limited follow-through selling at the start of last week and instead recovered fully. The major currencies that bore the brunt of the dollar's gain were those currencies that are understood to be ahead of the Fed in normalizing policy.  The Norwegian krone and dollar-bloc currencies bore the bulk of the greenback's adjustment, while clear laggards, like the yen and Swiss franc, posted moderate gains (0.8% and...

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12 Jul
Member News

Houthoff | Advisory software, personalised premiums, BigTechs, IFR, fit and proper testing and more

In this News Update, we discuss the AFM publications on advisory software and personalising insurance premiums and conditions. We also look at a DNB report on BigTech, the Investment Firm Regulation that entered into force on 26 June 2021 and the ECB's consultation on its revised Guide to fit and proper assessments. Finally, we highlight some other financial regulatory publications. AFM – POINTS OF ATTENTION WHEN USING ADVISORY SOFTWARE Because advisory software is an important tool in the financial advice process,...

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12 Jul
Member News

Troutman Pepper | FTC Meeting Opens the Door to a Period of Greater Uncertainty

Last week the Federal Trade Commission (FTC or Commission) held its first open Commission meeting in over 20 years. Chair Lina Khan led the meeting and promised future open meetings of the Commission on a “regular” basis. Commissioners Phillips and Wilson, however, expressed concerns with the format, complaining about short notice, failure to circulate final versions of relevant proposals, lack of opportunity to ask questions to staffers, and lack of discussion among commissioners. Commissioner Wilson summarized her concerns as...

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12 Jul
Chapter News

Taxation: Historic global agreement to ensure fairer taxation of multinational enterprises

The European Commission welcomes the historic global agreement endorsed by G20 Finance Ministers and Central Bank Governors on July 10, which will bring fairness and stability to the international corporate tax framework. This unprecedented consensus will usher in a complete reform of the international corporate tax system. This will include a reallocation of taxing rights that will mean the world's largest companies will have to pay tax wherever they conduct business. At the same time, a global minimum effective...

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12 Jul
Chapter News

Summer 2021 Economic Forecast: Reopening fuels recovery

The European economy is forecast to rebound faster than previously expected, as activity in the first quarter of the year exceeded expectations and the improved health situation prompted a swifter easing of pandemic control restrictions in the second quarter. Faster economic growth as economies reopen and sentiment indicators brighten According to the Summer 2021 interim Economic Forecast, the economy in the EU and the euro area is set to expand by 4.8% this year and 4.5% in 2022. Compared to the...

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