15 Dec
Chapter News, COVID-19 News

U.S. FED | Speech on Coronavirus Aid, Relief, and Economic Security Act

Speech by Chair Jerome H. Powell before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. | December 01, 2020 | Chairman Crapo, Ranking Member Brown, and other members of the Committee, thank you for the opportunity to update you on our ongoing measures to address the hardship wrought by the pandemic. Our public health professionals continue to deliver our most important response, and we remain grateful for their service. The Federal Reserve, along with others across government, is...

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14 Dec
Member News

SUNY Global Engagement Program (GEP)

Students participating in the SUNY Global Engagement Program spend a semester in New York City interning at a globally focused organization, participating in the Global Engagement Seminar, and doing research in a colloquium setting at the SUNY Global Center. During Fall 2020, three GEP students interned at the Delegation of the European Union to the United Nations as a part of the EU’s Compulsory Traineeship Program. All three were placed with the Human Rights Section. Liz Rakowski, Buffalo State...

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14 Dec
Chapter News

ECB | A commitment to the recovery

Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Rome Investment Forum 2020 | Rome, 14 December 2020 | 2020 has been a year like no other. We have faced an economic contraction without precedent in peacetime: in the first half of this year output in the euro area declined by more than 15%. But we have also seen a collective response that has no precedent in the history of our monetary union. That response has...

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14 Dec
Member News

Orrick | One Team, Many Perspectives

Inclusiveness is a core value that shapes the way we run our firm. It’s part of our daily conversation about investing in talent, staffing our teams and measuring our success. We’ve made some groundbreaking moves: an industry-leading parental leave policy, a professional development forum for diverse in-house counsel and the first legal career fair for military veterans. We’re also honored to partner with many of the in-house legal departments most focused on improving diversity and inclusion, including Microsoft, Morgan Stanley,...

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14 Dec
Member News

Orrick is a Founding Firm in an Unprecedented Collaboration to Improve Diversity & Inclusion in Law

The Move the Needle Fund is a five-year effort that will apply research-backed methods to drive meaningful change. We’re excited to collaborate with the Diversity Lab, 25+ forward-thinking corporate legal departments, our peer firms, and community leaders to innovate and make progress at Orrick and in our profession. As our Chairman Mitch Zuklie puts it: “At the same time that every organization takes a clear-eyed look at their own culture and practices, we need to drive systemic change together. The most exciting...

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14 Dec
Chapter News

Speech by President von der Leyen at the Climate Ambition Summit

Speech by President von der Leyen on 12 December 2020, Brussels | "Check against delivery" Dear guests of the Climate Ambition Summit! 55% – That is now indeed Europe's calling card. I am glad that the 27 European Leaders have signed up to the European Commission's proposal for taking climate action to a new level of ambition. Together with the agreement on our next 7-year-budget, the 55% agreement is the go-ahead for scaling up climate action across our economy and society. We have...

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14 Dec
Chapter News

IMF | What to do When Low-for-Long Interest Rates are Lower and for Longer

Central banks have played a pivotal role in easing financial conditions in response to the COVID-19 shock, and helped avert a catastrophic downturn. However, their work is far from done. Yet more monetary stimulus will be needed to support economic recovery, and central banks are implementing innovative new strategies to provide it. Policymakers must weigh the pros of more stimulus today against the cons of higher financial stability risks in the future. While the new approaches are both necessary and welcome, it...

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14 Dec
Brexit News, Member News

Orrick | Brexit Privacy Guide: Five Things You (Might) Have to Think About Before 2021

With the end of the Brexit transition period rapidly approaching and the United Kingdom (UK) poised to become a “third country” after it leaves the European Union (EU), the UK and the EU have yet to reach any “deal” on how the transfer of personal data should be dealt with starting January 1, 2021. With the negotiations deep into their final phase, the advice from regulators, including the UK’s Information Commissioner’s Office (ICO), is that organisations should be taking...

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14 Dec
Member News, Trade & TTIP Related

GDLSK | Amended regulations covering section 232 exclusions on steel and aluminum products to be published

In a notice to be published in the Federal Register on December 14, 2020, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce (DOC) announced a new interim final rule amending the exclusion process with respect to steel and aluminum mill products covered by additional duties under Section 232 of the Trade Expansion Act of 1962, as amended (“Section 232”).  Unless excluded, steel and aluminum products covered by this action are, respectively, subject to an...

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11 Dec
Brexit News, Member News

Vulcan View: The latest EU developments 7 December – 11 December

Brexit negotiators aim to salvage a deal by Sunday After the post-Brexit negotiations reached its latest impasse, all eyes were on UK Prime Minister Boris Johnson and President of the European Commission, Ursula von der Leyen to break the deadlock this week. No deal was struck, and the negotiators have been given until Sunday to find an accord. In a week of political leadership, a high-level political dinner was called on Wednesday night to discuss how best to resolve the ongoing Brexit...

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