Member News

Eversheds Sutherland | Keith Froud – Eversheds Sutherland’s new Global Co-CEO and International Chief Executive takes office

Eversheds Sutherland (International) is pleased to confirm that Keith Froud has now succeeded Lee Ranson as the firm’s Global Co-CEO and International Chief Executive. Keith’s election in September 2024 was uncontested and he begins his four year term today, 1 May 2025. Keith Froud comments, “I am proud to have succeeded Lee Ranson as Chief Executive of Eversheds Sutherland (International) today. Building on the firm’s strong trajectory, my ambition is to create even greater success for our clients and our people. I am also pleased...

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Chapter News

Office of the US Trade Representative | United States and European Union Hold Seventh Joint Committee Meeting under the Bilateral Agreement on Prudential Measures Regarding Insurance and Reinsurance

WASHINGTON — On the 29th of April, the Office of the United States Trade Representative, together with the United States Department of the Treasury, hosted representatives of the European Commission in Washington for the seventh meeting of the Joint Committee established under the 2017 U.S.-EU Agreement on Prudential Measures Regarding Insurance and Reinsurance (“the Agreement”). The Agreement is a “covered agreement” under the Dodd-Frank Act for the United States and is an agreement under Articles 114 and 218 of the...

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Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | US Tariffs and Europe

By Fabio Balboni, Senior Economist, Eurozone, and Janet Henry, Global Chief Economist, HSBC The word “uncertainty” does not do justice to the current global economic outlook. We knew 2025 was going to be an unpredictable year, but the pace of US policy shifts since the ‘Liberation Day’ announcements has been dramatic. The reciprocal tariff unveiling, associated financial market turmoil, the US administration’s rapid U-turn, and a doubling down on mainland China tariffs have already impacted perceptions and expectations in ways...

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Member News

Bennett Jones | Canadian Government Financing for Large Enterprises Impacted by US Tariffs and Canadian Countermeasures

By Simon Grant, Karen Dawson, Adam Taylor, Serge Dupont and Jess Horwitz Canada Development Investment Corp. (CDEV) has announced the launch of the Large Enterprise Tariff Loan (LETL) facility, a new government-backed loan facility to support large Canadian enterprises affected by actual and potential new US tariffs and associated Canadian import countermeasures and which face challenges accessing traditional sources of market financing. CDEV, a Canadian federal Crown corporation reporting to the Minister of Finance, will manage the facility through its subsidiary,...

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Chapter News

European Commission | For every euro invested Horizon Europe generates up to €11 in economic gains

Horizon Europe, the EU's flagship research and innovation programme for 2021-2027, is proving to be a major driver of economic and societal benefits. For every euro of costs to EU society, the programme is expected to generate up to six euros in benefits for EU citizens by 2045. In terms of economic growth, every euro of EU contribution is estimated to generate up to €11 in GDP gains by 2045, according to an evaluation of the Commission released today. With a...

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Member News

Wilson Sonsini | Sustainability and ESG Advisory Practice Update, April 2025

House Members Focus Their Attention on Federal Tax Credits for Pending Budget Reconciliation Process As the U.S. Congress gears up for the budget reconciliation process, several Republican and Democratic members of the House of Representatives have urged House leadership to maintain certain key federal energy tax credits authorized by the Inflation Reduction Act of 2022 (IRA). On March 9, 2025, in a letter to Representative Jason Smith (R-MO), chair of the House Ways and Means Committee, 21 Republican House members requested...

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Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Déjà Value: For U.S. private credit market participants, tariff turmoil may feel familiar

By John Czapla, Chairman of the Board, Valuation Research Corporation An unpredictable and rapidly unfolding event has disrupted the global financial markets, coinciding with the end of the first quarter valuation processes for private debt funds. Private credit market valuation professionals are grappling with the fallout from the ongoing trade war may feel a sense of déjà vu, as they’ve navigated similar challenges in the very recent past. The playbook for assessing fair value for private securities, developed during the onset of...

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Chapter News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | How will European consumers react to US tariffs?

By Adam Baumann, Luca Caprari, Maarten Dossche, Georgi Kocharkov and Omiros Kouvavas The ECB Blog explores how European consumers react to the prospect of higher trade tariffs. It finds that many are very willing to switch away from US products. The newly imposed US trade tariffs on European products are causing European consumers to think twice about what’s in their shopping cart. Typically, the extent to which tariffs affect consumers depends on the price elasticity of demand for the affected products...

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Chapter News

European Commission | EU mobilises €910 million to boost European defence and close capability gaps

The Commission is investing €910 million under the 2024 edition of the European Defence Fund (EDF) to create a strong and innovative defence industry in Europe. These investments aim to close key capability gaps—like force mobility and drone defence—through innovation and collaboration across European science and industry. Moreover, and for the first time, Ukrainian defence industries can be associated to EDF projects. The strengthened cooperation between the Ukrainian and European defence industries, builds on outreach efforts by the EU Defence Innovation Office in...

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Chapter News

ECB | Study shows money market turnover rose from 2022 to 2024

Money market rates efficiently reflected changes in the ECB’s deposit facility rate, used by Governing Council to steer monetary policy stance Increased daily money market activity, dominated by secured and foreign exchange swap segments High concentration in short-term tenors, with non-banks being most active counterparties The European Central Bank (ECB) today published its Euro money market study 2024. The study shows that daily turnover in the euro money market grew by 38% to €1.8 trillion in the two years to...

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