05 Jan
Chapter News, COVID-19 News

Recovery Plan for Europe: NextGenerationEU

NextGenerationEU is a €750 billion temporary recovery instrument to help repair the immediate economic and social damage brought about by the coronavirus pandemic. Post-COVID-19 Europe will be greener, more digital, more resilient and better fit for the current and forthcoming challenges. The Recovery and Resilience Facility: the centrepiece of NextGenerationEU with €672.5 billion in loans and grants available to support reforms and investments undertaken by EU countries. The aim is to mitigate the economic and social impact of the coronavirus pandemic...

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05 Jan
Member News

Troutman Pepper | Federal Trade Commission Releases Commentary on Vertical Merger Enforcement

Split along partisan lines, the Federal Trade Commission (Commission) voted last week to issue Commentary on Vertical Merger Enforcement (Commentary). The Commentary intends to “provide greater transparency to the public regarding analysis of vertical mergers” by collecting in a single document the Commission’s past vertical merger cases and summarizing how it has analyzed potential anticompetitive effects in vertical transactions. The two Democratic commissioners dissented here just as they had in June 2020, with respect to the issuance of the...

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05 Jan
Member News, Trade & TTIP Related

GDLSK | GSP expired as of January 1, 2021

Congress failed to reach a deal before the end of the year that would have extended the Generalized System of Preferences (GSP) program. As a result, GSP-eligible goods entered or withdrawn from warehouse are subject to “General” (Column 1) duty rates, effective January 1, 2021, at 12:00 a.m. A bill proposed in the Senate would have extended GSP for 16 months, while a bill that was introduced in the House provided for a six-month extension. Neither bill moved forward, primarily...

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05 Jan
Member News

Vulcan Insight | The Digital Services Act – clarifying intermediary responsibility

On 15 December, the European Commission proposed the long-awaited Digital Services Act –  a key part of the plan to create a Europe that is ‘fit for the digital age’. The Digital Services Act (DSA) will endeavour to provide much needed clarity to the rules on platform responsibility, given the legal ambiguities coming from the 20-year-old e-Commerce Directive. The digital landscape has changed dramatically over the past two decades and the advent of online platforms such as Facebook, Twitter,...

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04 Jan
Chapter News

The essential fight against disinformation and manipulation

December 28, 2020 | By HR/VP Josep Borell Especially during the Covid-19 “infodemic”, we have seen how widespread and how damaging foreign interference and disinformation can be for our security, our democracy and our societies. Addressing disinformation is an urgent necessity. In a recent blog post, I discussed the threats that our democracies are facing in the cyberspace. I have also spoken often about the on-going ‘battles of narratives’. Countries and political leaders are trying to explain their positions and to portray...

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04 Jan
Brexit News, Chapter News

EU-UK Trade and Cooperation Agreement: protecting European interests, ensuring fair competition, and continued cooperation in areas of mutual interest

After intensive negotiations, the European Commission has reached today an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the UK, which will protect our European interests, ensure fair competition, and provide much needed predictability for our fishing communities. Finally, we can leave Brexit behind us and look to...

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04 Jan
Member News

BBGFX | 2021 Outlook

It might not feel like a New Year, as the pandemic continues to ravage most countries. On top of the human toll, the economic fallout will continue to depress activity in the first part of 2021.  However, policymakers throughout the G7 provided more stimulus in late 2020 and extended many emergency facilities well into the New Year.  This will help cushion the blow and help facilitate a stronger recovery later in the year. The two Senate seats in Georgia being...

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04 Jan
Member News

Orrick | New obligations and sanctions for digital ‘gatekeepers’: European Commission proposes Digital Market Act

The debate about competition issues and unfair practices specific to online platforms and the appropriate tools to tackle them was taken a step further by the European Commission (‘Commission’), which presented two legislative proposals on 15 December 2020: The Digital Services Act (‘DSA’) and the Digital Markets Act (‘DMA’). While the former is intended to regulate online content and increase transparency and accountability, the latter is intended to ensure contestable and fair markets in the digital sector by imposing limits (and...

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04 Jan
Member News

Jaguar Freight | ‘The Weekly Roar’: Global Freight Updates

In the first Weekly Roar of what’s going to be a great new year: The EU continues to wheel-and-deal, wariness remains for some persistent global supply chain roadblocks, blockchain continues its uphill fight for relevancy, why rail is cool again, and the obligatory international doom and gloom (with a little positive thrown in.) It’s 2021, so let’s go! With Brexit checked off the to-do list (sort of), the European Union has struck a trade deal with China. There is a lot of opposition...

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04 Jan
COVID-19 News, Member News

Thompson Hine | New COVID-19 Relief Package Provides Additional Pandemic Bankruptcy Protections

The SBA Administrator can make corporate debtors eligible for Paycheck Protection Program (PPP) loans at any time by notifying the Office of the U.S. Trustee. Suppliers and commercial landlords have reduced preference exposure based on payments made to cover arrearages. Subchapter V debtors can extend the time to perform under commercial leases beyond the initial 60 days. On December 21, 2020, Congress passed a monumental $900 billion pandemic relief package. It includes several changes to the Bankruptcy Code that...

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