17 Sep
Chapter News

NextGenerationEU: EU Commission presents next steps for €672.5 billion Recovery and Resilience Facility in 2021 Annual Sustainable Growth Strategy

The European Commission has set out strategic guidance for the implementation of the Recovery and Resilience Facility in its 2021 Annual Sustainable Growth Strategy (ASGS). The Facility is the key recovery instrument at the heart of NextGenerationEU which will help the EU emerge stronger and more resilient from the current crisis. The Facility will provide an unprecedented €672.5 billion of loans and grants in frontloaded financial support for the crucial first years of the recovery. The publication of the ASGS...

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17 Sep
Chapter News

State of the Union: EU Commission raises climate ambition and proposes 55% cut in emissions by 2030

The European Commission presented today its plan to reduce EU greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. This level of ambition for the next decade will put the EU on a balanced pathway to reaching climate neutrality by 2050. The new target is based on a comprehensive Impact Assessment of the social, economic and environmental impacts. The Assessment demonstrates that this course of action is realistic and feasible. This raised ambition also underlines the EU's continued global...

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16 Sep
Chapter News

Green Deal: measures to step up the fight against global deforestation

Binding targets to protect forests, in particular primary forests Robust implementation and enforcement of existing instruments Future trade and investment agreements should contain binding provisions against deforestation MEPs outline how the EU can contribute to tackling worldwide deforestation and call for domestic policies to be revised to protect European forests. In the non-binding resolution adopted on Tuesday with 543 votes to 47 and 109 abstentions, in response to a Commission communication, MEPs call for more support to protect, restore and...

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16 Sep
Chapter News

State of the Union Address by President von der Leyen at the European Parliament Plenary

Brussels, September 16, 2020 | Building the world we want to live in: A Union of vitality in a world of fragility Dear President, Honourable Members, One of the most courageous minds of our times, Andrei Sakharov – a man so admired by this House - always spoke of his unshakeable belief in the hidden strength of the human spirit. In these last six months, Europeans have shown how strong that human spirit really is. We saw it in the care workers who moved into nursing homes...

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16 Sep
COVID-19 News, Member News

Troutman Pepper | Navigating Adapted Operations Advisory Series: Part One – Phased Approach Considerations, Creating and Implementing a COVID-19 Response Plan, and Benefits Concerns for a Returning Workforce

Who Needs to Know Employers who are reopening (or have already reopened) by bringing employees back to their workplaces. Why It Matters Bringing a workforce back to the workplace, whether from teleworking, furlough or layoff status, is an exercise with many moving parts. Employers need to follow a reasoned strategy to address COVID-19-related risks and other considerations associated with recalling some or all of a workforce to develop a sensible back-to-work protocol. Troutman Pepper is issuing a series of client advisories, Navigating Adapted Operations, to...

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16 Sep
Member News

Vulcan Insight | Ursula von der Leyen Delivers Maiden SOTEU Address

One year after assuming her role, European Commission President Ursula von der Leyen today delivered her maiden State of the European Union address to the European Parliament’s Brussels plenary. Speaking for over an hour, President von der Leyen presented her vision for revitalising the EU’s economy in a sustainable, green and more innovative way. Building on her former experience as German Defence Minister, President von der Leyen also spoke passionately about her vision for a more geo-politically impactful European Union that stands up...

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16 Sep
Member News

FTI Consulting | 5 Steps to Ensure Your Business is Compliant with the Next Set of Data Privacy Laws

Previously published in FTI Journal | The California Consumer Privacy Act (CCPA) is paving the way for an era of similar laws in states across the country. Rather than trying to adapt incrementally, companies should position themselves now for general compliance. Data equals dollars in today’s digital age with personal information as the hot commodity. However, headline topping cybersecurity breaches have made consumers skittish about how companies handle the data they share online. Rising demand for greater protection of personal information...

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15 Sep
Member News

WSGR | EDPB Issues Guidelines on Social Media Targeting Under GDPR

On Monday September 7, 2020, the European Data Protection Board (EDPB) issued draft Guidelines 8/2020 on the targeting of social media users (the "Draft Guidelines"). The Draft Guidelines have far-reaching implications for social media platforms, advertisers, and adtech companies, as they will result in a clarification of the roles and responsibilities of the key stakeholders, and establish rules for consent. The Draft Guidelines are open for public consultation until October 19, 2020. Interested companies can submit their comments to the EDPB. Summary The Draft Guidelines...

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15 Sep
Member News

Faegre Drinker | Regulators Issue Guidance on U.S. Banks’ Reporting Obligations Regarding Suspected Foreign Corrupt Practices

In response to inquiries from the financial industry as to how to assess risks of potential illegal activity with respect to beneficial owners who are “politically exposed persons” (PEPs) overseas, federal bank regulators issued a “Joint Statement on Bank Secrecy Act Due Diligence Requirements for Customers Who May Be Considered Politically Exposed Persons” on August 21, 2020. Specifically, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit...

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15 Sep
Brexit News, Chapter News

Brexit has arrived: Where are we now? What happens next?

The United Kingdom withdrew from the European Union on 1 February 2020. The two sides are now negotiating what form future relations will take. Here is the most important information. What has happened since 1 February 2020? A Withdrawal Agreement was negotiated before the UK left the EU in order to ensure that the main political and economic links between the EU and the UK were not severed from one day to the next upon departure. This Agreement has been in...

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