Member News

CILcare Opens a New Subsidiary in Denmark

Montpellier, November 09th 2020 | CILcare, a world leading CRO entirely dedicated to ear disorders, announces today the opening of a new subsidiary in Copenhagen, Denmark. Already established in the US, the French company is joining the Medicon Valley Alliance, a leading international life-sciences cluster in Northern Europe. This second subsidiary is another key step in CILcare’s continuing global expansion and will reinforce its presence in the Nordic and Northern European markets. Since its inception in 2014, CILcare has become the...

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Chapter News

ESMA publishes first report on use of sanctions under the AIFMD

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes its first annual report on the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD). The report published today contains an overview of the applicable legal framework and information on the penalties and measures imposed by NCAs from 1 January 2018 to 31 December 2018 and from 1 January 2019 to 31 December 2019. The number of NCAs issuing sanctions increased...

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Member News

ACG Resources | The Debate on Posting Salaries

Every time you post a job, there is that dreaded field a job board asks you to complete called “salary.” Instinct is to put in the budgeted range and hit submit, but is it that simple? Many employers do not realize the adverse effect that including salary in postings can do. You may be limiting the candidate pool. Many job boards and postings will push the job out to numerous job seekers that request to be notified about positions based...

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Member News

CLA | After the Elections, Consider Your Investment and Tax Playbook

Key insights As political uncertainty begins to recede after the U.S. elections, let’s address key investment and tax considerations heading into both year-end and 2021. On the investments front, markets at their highs combined with expensive valuations drive the importance of realizing capital gains or harvesting tax losses. On the tax front, consider whether to harvest income and capital gains before year-end, ahead of any potential tax increases in 2021. Amid potential uncertainty about what may lie ahead, it...

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Member News

Via | Microtransit myth: On-demand public transit is too expensive

Welcome to our Microtransit Misconceptions series, where we use detailed data and real examples to debunk common myths about on-demand public transit | Think going on-demand will drain your budgets? Think again. See the proof that shows communities can actually save money when switching to microtransit. MYTH: On-demand transit is expensive. We can’t invest in something that isn’t financially viable. REALITY: When on-demand networks are implemented in a smart way, communities can actually save money compared to their previous fixed route services, unlocking broader...

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Chapter News

The Capital Markets Union: slow progress

The free movement of capital is a key long-standing objective of the European Union. It is one of the pillars of the Single Market, along with the free movement of people, goods and services. Despite the Commission’s efforts to achieve the ambitious goal of building a capital markets union (CMU), results are still to come, according to a report presented by the European Court of Auditors (ECA) today. In the EU, businesses traditionally largely rely on banks for financing their...

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Chapter News

Building a European Health Union: Stronger crisis preparedness and response for Europe

Today, the European Commission is taking the first steps towards building the European Health Union announced by President von der Leyen in her State of the Union address. The Commission is putting forward a set of proposals to strengthen the EU's health security framework, and to reinforce the crisis preparedness and response role of key EU agencies. In order to step up the fight against the COVID-19 pandemic and future health emergencies, more coordination at EU level is needed. Drawing lessons from the...

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Chapter News, COVID-19 News

Coronavirus: EU Commission approves contract with BioNTech-Pfizer alliance to ensure access to a potential vaccine

Today, the European Commission approved a fourth contract with pharmaceutical companies BioNTech and Pfizer, which provides for the initial purchase of 200 million doses on behalf of all EU Member States, plus an option to request up to a further 100 million doses, to be supplied once a vaccine has proven to be safe and effective against COVID-19. Member States can decide to donate the vaccine to lower and middle-income countries or to re-direct it to other European countries. Today's...

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Member News

Orrick | Remediation, Resolutions, and Right-Sizing: How the DOJ and SEC are Enforcing Their Updated Compliance Guidance in Practice

Whether a company’s compliance program works in practice is one of the three fundamental questions prosecutors ask when evaluating corporate compliance programs.  Effective implementation is a key metric for the overall effectiveness of the program.  Companies may be wondering the same thing about recently updated compliance guidance from the Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”):  how does it work in practice?  In other words, how have regulators applied the guidance in recent enforcement actions? This summer, the DOJ...

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Chapter News

IMF | Data Disruption: The Impact of COVID-19 on Inflation Measurement

Lockdowns, working from home, and physical distancing caused people to spend larger shares of their household budgets on food and housing, while fewer people bought nonessentials, like airline tickets and clothing. And with incomes down as millions have lost their jobs, spending on nonessential items will likely remain depressed. The consumer price index (CPI) does not reflect these abrupt changes in spending patterns because the CPI weights are not continuously updated. For example, the CPI could be pulled down by a...

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