Chapter News, COVID-19 News

COVID-19: EU Council adopts a recommendation to coordinate measures affecting free movement

Today the Council adopted a recommendation on a coordinated approach to the restrictions of free movement in response to the COVID-19 pandemic. This recommendation aims to avoid fragmentation and disruption, and to increase transparency and predictability for citizens and businesses. The COVID-19 pandemic has disrupted our daily lives in many ways. Travel restrictions have made it difficult for some of our citizens to get to work, to university or to visit their loved ones. It is our common duty to...

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Member News

Vulcan Insight | European Parliament defies EU Commission to raise emissions reduction ambition

On Wednesday, the European Parliament voted to raise the EU’s CO2 emissions reduction targets from the original 40% to 60% by 2030, as part of a EU Climate Law package, a series of laws to help Europe achieve the climate targets set out in the 2016 Paris Climate Agreement – which aims to limit global warming to well below 2°C. Despite the opposition from conservative (EPP) and right-wing groups (ECR and ID), the Parliament successfully adopted its position, led by...

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Member News

MJV Technology & Innovation | Future Scenarios under this “New Normal”

Below includes an overview of MJV Technology & Innovation's "New Normal Under Construction" research. For more information, be sure to check out the following article published in Thrive Global that mentions more on the New Normal - it includes an interview with Mauricio Vianna, CEO of MJV Technology & Innovation: How Do I Grow My Business In The New Normal? MJV research brings four scenarios for the future of the pandemic These are times of uncertainty. So far, society has not...

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Brexit News, Member News

Stephenson Harwood | The UK Internal Market Bill: the clash over State aid

With the publication of its Internal Market Bill on 9 September 2020, the UK government has set itself on a potentially irreconcilable collision course with the EU over the issue of State aid. Indeed, this move is less a shot across the bows as it is a coach and horses driven through the current negotiations with the EU on an EU-UK free trade agreement ("FTA"), which are at a particularly delicate stage given that the Brexit transition period expires...

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Member News

Troutman Pepper | SBA Issues Long-Awaited Guidance on Change of Ownership Transactions Involving PPP Loan Borrowers

Who Needs to Know SBA employees and Paycheck Protection Program (PPP) lenders/borrowers on the “changes of ownership” procedures. Why It Matters On October 2, the Small Business Administration (SBA) issued a Procedural Notice to provide guidance to SBA employees and Paycheck Protection Program (PPP) lenders on the required “changes of ownership” procedures for an entity receiving a PPP loan (PPP borrower). This notice addresses the uncertainty and inconsistency in how PPP lenders view various equity raising, reorganization, and sale of business transactions...

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Chapter News

Plenary highlights: Commission changes, EU budget and climate law

MEPs voted for changes at the European Commission, more ambitious climate targets, and discussed the rule of law in EU countries during the 5-8 October plenary session in Brussels. On Wednesday, Parliament approved the appointment of Mairead McGuinness as commissioner for financial services, financial stability and the Capital Markets Union as well as Executive Vice-President Valdis Dombrovskis’ change of portfolio to include responsibility for trade. MEPs called on Wednesday for reinforcement of the rule of law across Europe through a new mechanism linking receipt...

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Chapter News, COVID-19 News

IMF | The Long Ascent: Overcoming the Crisis and Building a More Resilient Economy

October 06, 2020 | Speech by Kristalina Georgieva, IMF Managing Director | Washington, D.C. As prepared for delivery 1. Introduction: A World Turned Upside Down Dear Minouche, thank you for the warm welcome! I am honored to celebrate with all of you the 125th anniversary of the London School of Economics. It is a proud moment for the students and faculty, and for the alumni. As an alumna of LSE and as Managing Director of the IMF, I know that our institutions share so many of...

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Member News

Faegre Drinker | Ransomware Payments May Violate Sanctions Laws, U.S. Treasury Department Warns

On October 1, 2020, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to companies that pay a ransom in the wake of a cyberattack. Specifically, the advisory warned that ransomware attack victims and third-parties who assist these victims could be in violation of federal law if they pay or facilitate the payment of a ransom to a sanctioned individual or entity — intentionally or otherwise. In light of dramatic increases in both the...

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Member News

Loyens & Loeff | A right for employees to be inaccessible in The Netherlands

Recently, the bill “Right to Inaccessibility Act” (Wet op het recht op onbereikbaarheid) has been submitted to the House of Representatives. Employees are given the right to "be unavailable to perform work outside working hours". What exactly does this right mean? Right to Inaccessibility Act Recently, the bill “Right to Inaccessibility Act” (Wet op het recht op onbereikbaarheid) has been submitted to the House of Representatives. The bill will provide for an amendment in the Working Conditions Act whereby, according to...

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Member News

Noerr | Admissibility of Framing – Germany Advocate General submits Opinion

In the preliminary ruling on the copyright admissibility of ‘framing’, a technique for the integration of external internet content, Advocate General Szpunar submitted his proposal for a decision to the ECJ. He argues that framing should not be treated as copyright-relevant use. In his view, however, the specific technical implementation of the embedding solution is crucial. In his Opinion (case C-392/19), the Advocate General commented on the question submitted by the German Federal Court of Justice as to whether one...

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