29 Jul
Brexit News, Member News

Arendt | Brexit: new status, new residence permits for UK nationals residing in Luxembourg

Under the transition period as foreseen by the Withdrawal Agreement, UK nationals may continue to reside in the EU without additional measures until 31 December 2020. With the end of the transition period fast approaching and as announced by the Luxembourg government, UK nationals residing in Luxembourg have begun to receive letters from the Immigration Directorate inviting them to prepare an application for a residence permit in Luxembourg. Key points on these new residence permits: Invitations are issued automatically to UK...

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29 Jul
Chapter News, COVID-19 News

European Commission secures EU access to Remdesivir for treatment of COVID-19

Yesterday, the European Commission has signed a contract with the pharmaceutical company Gilead to secure treatment doses of Veklury, the brand name for Remdesivir. Veklury was the first medicine authorised at EU level for treatment of COVID-19. As from early August onwards, and in order to meet immediate needs, batches of Veklury will be made available to Member States and the UK, with the coordination and support of the Commission. Stella Kyriakides, Commissioner for Health and Food Safety, said: “In recent...

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28 Jul
Chapter News

EACC COVID-19 Return To Work & Travel Attitudes Survey

The EACC chapter network asked members about their attitudes towards resuming various activities and the COVID-19 Pandemic: when might you return to your office full time; when might you be prepared to attend a large work related gathering; when might you resume international travel. See below an overview of the results in our chapters in the United States and Europe. About this survey: We reached out to members, based on both sides of the Atlantic, and 180 senior executives shared...

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28 Jul
COVID-19 News, Member News

Troutman Pepper | COVID-19 Testing No Longer Generally Recommended for Discontinuing Isolation, CDC Says

Employers’ Continued Use of Return-to-Work COVID-19 Testing Protocols Brought into Question Until late July, the CDC offered a test-based or symptom-based strategy to govern the timing of “discontinuing isolation” for a person known or suspected to be infected with COVID-19. In an abrupt change in guidance, the CDC announced a test-based strategy is no longer recommended to determine when to discontinue home isolation, except in certain circumstances. The CDC now recommends following only a modified symptom-based strategy, which means: Persons with COVID-19 who have symptoms and...

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28 Jul
Member News

Noerr | Court of Justice of the European Union overturns EU-US Privacy Shield – and questions transatlantic data transfers as a whole!

On 16 July 2020 the Court of Justice of the European Union (CJEU) invalidated the European Commission’s Implementing Decision on the EU-US Privacy Shield, without a transitional period, thus dealing a harsh blow to transatlantic data transfer. In a no less sensational decision, the CJEU had already invalidated in 2015 the European Commission’s Implementing Decision on the predecessor to the EU-US Privacy Shield, the US/EU Safe Harbour Framework. Just a few months later, by a new Implementing Decision, the European Commission had certified the successor of the invalidated...

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28 Jul
Member News

Faegre Drinker | Key Takeaways From the UK Corporate Insolvency and Governance Act 2020: The Standalone Moratorium

On 26 June 2020 the Corporate Insolvency and Governance Act 2020 (the Act) came into force, introducing a number of permanent reforms to English insolvency and restructuring law. Among these reforms is a standalone moratorium available to any eligible company that is, or is likely to become, unable to pay its debts. Eligible Companies The moratorium is available for companies of all sizes (including overseas companies which meet a “sufficient connection” test) unless specific exclusions apply. The exclusions include, inter alia, companies that...

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28 Jul
Chapter News

IMF | Corruption and COVID-19

Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way that benefits all citizens. Corruption was a problem before the crisis, but the COVID-19 pandemic has heightened the importance of stronger governance for three reasons. First, governments around the world are playing a bigger role in the economy to combat the pandemic and provide economic lifelines to people and firms....

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28 Jul
Chapter News, COVID-19 News

U.S. Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30

The Federal Reserve Board on Tuesday announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic. The Board's lending facilities have provided a critical backstop, stabilizing and substantially improving market functioning and enhancing the flow of credit to households, businesses,...

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27 Jul
COVID-19 News, Member News

U.S. Immigration During & Post COVID-19

This article was written by Shlomi Atash, Esq. | The COVID-19 pandemic has dramatically impacted immigration policies and procedures globally.  In order to stop the spread of the virus, countries around the world implemented new measures limiting migration.  Many countries have restricted travel, preventing the entry of aliens who have recently traveled to nations with widespread COVID-19 outbreaks.  Some countries have temporarily prohibited the entry of all aliens.  Other countries are conducting mandatory quarantines of non-permanent residents arriving on international...

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27 Jul
Chapter News, COVID-19 News

Special European Council, 17-21 July 2020

Main results EU leaders agreed a recovery package and the 2021-2027 budget that will help the EU to rebuild after the pandemic and will support investment in the green and digital transitions. We have reached a deal on the recovery package and the European budget. These were, of course, difficult negotiations in very difficult times for all Europeans. A marathon which ended in success for all 27 member states, but especially for the people. This is a good deal. This is...

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