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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11 Dec
Brexit News, Member News

Arendt | Regulatory certainty for the investment fund industry in view of the forthcoming end of the transitional period under Brexit

In view of the departure of the United Kingdom from the EU on 1 February 2020 and the forthcoming end of the transitional period on 31 December 2020, the CSSF stated its expectations and rendered some clarifications through a press release published on 7 December 2020. 1) Termination of passporting rights The CSSF reminds market participants that passporting rights will be terminated as of 31 December 2020 at midnight and therefore be lost as of 1 January 2021. Passporting rights are...

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10 Dec
Chapter News, Trade & TTIP Related

A New EU-US Agenda for Global Change

“In a changing global landscape, I believe it is time for a new transatlantic agenda fit for today’s world. And I believe it is Europe who should take the initiative.” President Ursula von der Leyen, November 2020 Following the election of President Biden and Vice-President Harris by the people of the United States of America, combined with a more assertive and capable European Union, and a new geopolitical and economic reality, the European Commission and the High Representative are putting...

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10 Dec
Member News

aicep | Portugal Open for Business: A New Campaign to Meet New Business Opportunities & Partnerships

Portugal Open for Business is a campaign developed by aicep Portugal Global focused on promoting strong Portuguese companies established in the United States and Canada that stand out in the areas of innovation, healthcare and technology. In addition to its privileged geographical position, Portugal ranks exceptionally well in the competitiveness, digitalization and knowledge indexes establishing the Atlantic bridge between North America and Europe. The Portugal Open for Business campaign aims to promote and facilitate business connections between North America and...

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10 Dec
Member News

ACG Resources | Why Good Employees Leave

Attrition is a major concern for business leaders, and it’s not one which can be easily resolved. When a good employee leaves your organization, you’re not only facing the immediate costs of hiring and training a new employee, the bottom line is also impacted by the internal knowledge that key employees take with them. There are ways to mitigate these costs and risks – such as having a recruitment strategy and talent pipeline in place for backfilling roles and...

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10 Dec
Brexit News, Chapter News

Relations with the UK: EU Commission proposes targeted contingency measures to prepare for possible “no-deal” scenario

While the Commission will continue to do its utmost to reach a mutually beneficial agreement with the UK, there is now significant uncertainty whether a deal will be in place on 1 January 2021. The European Commission has today put forward a set of targeted contingency measures ensuring basic reciprocal air and road connectivity between the EU and the UK, as well as allowing for the possibility of reciprocal fishing access by EU and UK vessels to each other's waters. The...

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