02 Oct
Chapter News

Achieving a European Education Area by 2025 and resetting education and training for the digital age

September 30, 2020, the Commission adopted two initiatives that will strengthen the contribution of education and training to the EU's recovery from the coronavirus crisis, and help build a green and digital Europe. Setting out a vision of the European Education Area to be achieved by 2025, the Commission proposes new initiatives, more investment and stronger cooperation of Member States to help all Europeans, of all ages, benefit from the EU's rich education and training offer. The Commission also adopted a...

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02 Oct
Chapter News

Investing in new energy infrastructure: Green light for EU grants worth nearly €1 billion

EU Member States agreed yesterday on a Commission proposal to invest €998 million in key European energy infrastructure projects under the Connecting Europe Facility (CEF). Yesterday's positive vote provides financial aid for works and studies for ten projects. The largest amount of funding goes to the Baltic Synchronisation Project (€720 million), to better integrate the electricity markets of Estonia, Latvia, Lithuania and Poland. Other projects include a smart electricity grid linking Hungary and Slovakia (€102 million), and the first-ever CEF grant for works on a CO2 transport project for...

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01 Oct
Member News

aicep Portugal Global | Government, Google sign MoU to foster recovery, digital transition

The government and Google Portugal signed a memorandum of understanding aimed at fostering economic recovery and accelerating the country's digital transition. Portugal’s government and Google Portugal on Tuesday signed a memorandum of understanding aimed at fostering economic recovery and accelerating the country’s digital transition, with digital skills and employability the main areas envisaged in the document. “Google Portugal today reinforced its commitment to the Government and the Portuguese to support the digital transition and offer the tools and training that will...

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01 Oct
Member News

Thompson Hine | DoD Issues Updates to Grant and Cooperative Agreement Regulations

Key Notes: New DoDGARs final rules are effective October 19, 2020. In general, the final rules seek to update, standardize, and clarify the DoDGARs for the benefit of both DoD administrators and award recipients. The final rules are intended to implement government-wide guidance on administrative requirements, cost principles, and audit requirements. Background Over the past few years, the federal government, through the U.S. Office of Management and Budget (“OMB”), has significantly rewritten its guidance concerning grants and cooperative agreements (referred to as...

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01 Oct
Member News

Stephenson Harwood | LIBOR transition – what drafting should I use in my new facility?

There has never been any doubt that the task of shifting the loans market away from LIBOR onto alternative “risk-free” benchmark rates (“RFRs”) is a monumental one.  However, over the past month we have seen a number of the pieces of the transition jigsaw start to fall into place and momentum is building apace.  In particular, the Working Group on Sterling Risk-Free Reference Rates (the “Sterling Working Group”) has published a number of key statements and recommendations, and the...

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01 Oct
Brexit News, Chapter News

Press statement by Vice-President Maroš Šefčovič following the third meeting of the EU-UK Joint Committee

Statement by Vice-President Maroš Šefčovič | 28 September 2020 | Brussels Good afternoon everyone! We have just concluded our third meeting of the Joint Committee on the implementation and application of the Withdrawal Agreement. Our main message was on the much-needed acceleration of the implementation work to prepare for the 1st January 2021 and on the need to ensure a full, timely and effective implementation of the Withdrawal Agreement. Much work remains to be done before the transition period ends in...

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01 Oct
Brexit News, Chapter News

ESMA updates statements on the impact of Brexit on MIFID II/MIFIR and the benchmarks regulation

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated two statements on its approach to the application of key provisions of MiFID II/MiFIR and the Benchmark Regulation (BMR). The Impact of Brexit on MiFID II/MiFIR The Impact of Brexit on the BMR Today’s statements update previous ones issued in March 2019 and October 2019 reflecting ESMA’s approach, should the UK have left the EU under a no-deal Brexit. However, as the Withdrawal Agreement entered into force on 1...

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01 Oct
Brexit News, Chapter News

Withdrawal Agreement: European Commission sends letter of formal notice to the United Kingdom for breach of its obligations

The European Commission has today sent the United Kingdom a letter of formal notice for breaching its obligations under the Withdrawal Agreement. This marks the beginning of a formal infringement process against the United Kingdom. It has one month to reply to today's letter. Article 5 of the Withdrawal Agreement states that the European Union and the United Kingdom must take all appropriate measures to ensure the fulfilment of the obligations arising from the Withdrawal Agreement, and that they must...

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30 Sep
COVID-19 News, Member News

Offit Kurman | DOL Changes and Clarifies COVID-19 Sick and Family Leave Federal Regulations

On September 11, the U.S. Department of Labor (“DOL”) promulgated revisions and clarifications to its April 1 regulations interpreting the Families First Coronavirus Response Act (“FFCRA”).  That Act, applicable to most employers with under 500 employees, provides paid sick leave of up to 80 hours and two weeks of unpaid time off followed by 10 weeks at partial pay to workers who can’t work because their child’s school or daycare provider has closed.  The DOL stated that the changes...

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30 Sep
Member News

Faegre Drinker | Employment-Based Immigration Updates: The October Visa Bulletin and Public Charge Rule

On the eve of the U.S. government’s new fiscal year, immigration developments continue to cascade. The U.S. Department of State published its October Visa Bulletin, which showed notable advancements for most employment-based visa categories. U.S. Citizenship and Immigration Services confirmed it will use the “Dates for Filing” chart, which will allow certain applicants to apply for their green cards earlier in the process. For FY 2021, the State Department anticipates record-breaking employment-based visa numbers. At the same time, the U.S....

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