Member News

Enterprise Ireland | How the Pandemic Has Pushed the Pace of Change

Accelerating Business Development in a Post-Pandemic Environment | 1. Introduction: How the world has changed It’s possible that business and business practices may have changed more in the past five months than in the previous five years. From logistics to supply chain, finance, HR, communications, and sales and marketing, few areas have been untouched. Businesses have had to pivot and pivot, and then pivot again. What started as a contingency strategy, has become a rolling strategy to address the shifting business...

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Member News

CILcare | Hear this! Potential Therapeutics for COVID-19 Should be Tested for Auditory Safety

Previously published in World Pharma Today | Executive Summary As the COVID-19 pandemic continues to spread across the world, clinicians, academic institutions, private organizations, and governments are working tirelessly to find treatments to help patients and at-risk populations threatened by this novel disease. The best minds in infectious disease and immunology are focusing on mechanisms for future therapies that are both safe and efective. In the absence of approved therapies, some investigators are looking towards drug products indicated for other conditions...

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Chapter News

EU Commission announces actions to make Europe’s raw materials supply more secure and sustainable

Today, the Commission presents an Action Plan on Critical Raw Materials, the 2020 List of Critical Raw Materials and a foresight study on critical raw materials for strategic technologies and sectors from the 2030 and 2050 perspectives. The Action Plan looks at the current and future challenges and proposes actions to reduce Europe's dependency on third countries, diversifying supply from both primary and secondary sources and improving resource efficiency and circularity while promoting responsible sourcing worldwide. The actions will foster our transition towards a...

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Member News

EIB | Christian Kettel Thomsen appointed as new Vice-President of the European Investment Bank

Christian Kettel Thomsen joins as Vice-President on the EIB’s Management Committee. Thomsen will serve a four-year term on behalf of Denmark Christian Kettel Thomsen has been appointed Vice-President and Member of the Management Committee of the EIB. He takes up his duties today, succeeding Andrew McDowell, whose mandate on behalf of Ireland ended at the end of August. The EIB’s Board of Governors appointed Mr Thomsen, a Danish national, on a proposal from the Government of the Kingdom of Denmark...

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Chapter News

IMF | New steps are needed to improve sovereign debt workouts

The COVID-19 pandemic has greatly lengthened the list of developing and emerging market economies in debt distress. For some, a crisis is imminent. For many more, only exceptionally low global interest rates may be delaying a reckoning. Default rates are rising, and the need for debt restructuring is growing. Yet new challenges may hamper debt workouts unless governments and multilateral lenders provide better tools to navigate a wave of restructuring. The IMF, the World Bank, and other multilaterals acted quickly...

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Member News

Troutman Pepper | Schrems Strikes Again: Battery of New Data Privacy Complaints Raise Compliance Questions for EU-U.S. Data Transfers

Barely one month after the Court of Justice of the European Union (CJEU) issued its Schrems II decision striking down the EU-U.S. Privacy Shield Framework (Privacy Shield), Austrian privacy activist Max Schrems has filed 101 complaints with 30 different EU regulatory bodies alleging that dozens of well-known companies in e-commerce, telecommunications, banking, higher education, and other industries are improperly continuing to transmit data to U.S. companies like Google and Facebook in violation of the Schrems II decision and EU data privacy laws. The complaints represent an...

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Chapter News

IMF | In the COVID-19 world, risk has become riskier

The American economist Frank Knight theorized about the difference between risk and uncertainty in his classic book Risk, Uncertainty and Profit. Risk is “a quantity susceptible of measurement.” A precise outcome may not be known, but the probability of a few that are most likely can be calculated. Uncertainty means there is not enough information to even narrow down the possibilities. When a situation is “not susceptible to measurement” economists call it Knightian uncertainty. If this sounds familiar, it is because we...

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Chapter News

Car industry: New rules on cleaner and safer cars start to apply across Europe

Tomorrow, the EU Regulation on the approval and market surveillance of motor vehicles will start to apply. Adopted in May 2018, the new Regulation significantly overhauls and tightens the previous type approval and market surveillance system. It improves the quality and independence of vehicle type-approval and testing, increases checks of cars already on the EU market and strengthens the overall system with greater European oversight. Thierry Breton, Commissioner for Internal Market said: “Europeans rightly expect to drive the cleanest and safest cars. That presupposes...

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Member News

Houthoff Financial Regulatory Update | Consultation joint guidelines for assessing suitability and other publications by the EBA and the ESMA

Since Houthoff published their last News Update, European supervisory authorities, the European Banking Authority ("EBA") and the European Supervisory Market Authority ("ESMA"), have issued a few consultation papers, guidelines and other information. Due to the summer holiday period, this News Update does not contain any relevant news updates from the Dutch and other European supervisory authorities and legislatures. Below we take a closer look at the consultation to revise the EBA and the ESMA's joint guidelines for assessing the...

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Chapter News

Press statement by President von der Leyen on the resignation of Phil Hogan

Statement by EU Commissioner President Ursula von der Leyen | Good morning, Last night Phil Hogan submitted his resignation from the post as Trade Commissioner. I respect this. I am very grateful to Phil Hogan for his tireless and successful work as a Commissioner and as a member of the College. I thank him warmly for his valuable contribution to the work of the Commission, not only in this mandate, but also in the previous mandate, when he was Commissioner in...

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