17 Jul
Member News

Second Circuit Reinforces Narrow Definition of ‘Official Act’ in Politician’s Fraud Case

Client Alert: 7/14/2017 The Second Circuit’s Silver decision highlights the importance for defendants of the Supreme Court’s 2016 ruling in McDonnell, which narrowed the definition of “official act” and limited the reach of the honest services fraud and Hobbs Act extortion statutes. On July 13, the U.S. Court of Appeals for the Second Circuit vacated the conviction of former New York State Assembly Speaker Sheldon Silver, who was convicted in 2015 on seven counts of honest services fraud, Hobbs Act extortion...

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17 Jul
Brexit News, Chapter News

Brexit News: European Union (Withdrawal) Bill published by Government of the United Kingdom

It's finally here. The United Kingdom on Wednesday, July 12 released it's intended withdrawal bill, it's first published document outlining the government's intended actions for leaving the European Union. Explanatory notes to the Bill, prepared by the Department for Exiting the European Union, are published separately as Bill 5—EN. The introduction of the Bill comes only days before the second round of Brexit negotiations kick off on Monday, July 17 and amid conflicting rhetoric between both sides. With the amount of...

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17 Jul
Member News

Digitalization and Automatization and their Impact on the Global Labor Market

By Dr. Gerlind Wisskirchen, Attorney-at-Law/ Partner/ Certified labor and employment law specialist, CMS Germany Gerlind Wisskirchen is a partner and specialist lawyer in the area of labor and employment law at CMS Germany. She advises multinational corporations particularly on the issues of reorganization, national and international labor and employment law and compliance. Gerlind is an expert on the digitalization of the world of work and editor of the report "Artificial Intelligence and Robotics and their Impact on the Workplace" for...

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17 Jul
Brexit News, Member News

Brexit: UK Government Publish Great Repeal Bill

The long anticipated "Great Repeal Bill’’ was officially published by Downing Street yesterday.  It will revoke the European Communities Act of 1972 and in-turn transposed all EU law into UK law. It’s introduction is to ensure that there will be no sudden changes to regulations and rules once the UK leaves the bloc in March 2019, and will aim to allow the government to amend some legislation without the scrutiny of Parliament.   Although the bill was published yesterday in order...

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13 Jul
Chapter News

Investing for the common good: a sustainable finance framework

Traditional finance focuses solely on financial return and risk. By contrast, sustainable finance considers financial, social and environmental returns in combination. This essay provides a new framework for sustainable finance highlighting the move from the narrow shareholder model to the broader stakeholder model, aimed at long-term value creation for the wider community. Major obstacles to sustainable finance are short-termism and insufficient private efforts. To overcome these obstacles, this essay develops guidelines for governing sustainable finance. The issue of sustainable development...

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12 Jul
Member News, Uncategorized

Charities Update: Should Your Charity Consider a Merger?

In an era of intense competition for funding and enhanced governance and regulatory standards, a merger of two or more charities can lead to increased efficiencies and improved services for beneficiaries. We explain the most common merger structures for charities and highlight the potential benefits for charities considering a merger.  What is a merger of charities?   A merger of charities is the joining of two or more charities into one, larger organization.   There are several ways that a merger between charities can...

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12 Jul
Chapter News

Joint letter of Presidents Donald Tusk and Jean-Claude Juncker on the upcoming G20 summit

Dear Colleagues,  Europe's role in the World and our responsibility at the international level in these turbulent times are growing. More than ever the EU has become a global point of reference for all those who value the principles of liberal democracy and human rights, free and fair trade or concrete actions in facing global challenges, such as climate change, poverty, terrorism and illegal migration. A strong and determined Union is the best way to promote our values and interests,...

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12 Jul
Chapter News

G20 Leaders´ Declaration: Shaping an interconnected world

Preamble We, the Leaders of the G20, met in Hamburg, Germany on 7-8 July 2017 to address major global economic challenges and to contribute to prosperity and well-being. Mastering the challenges of our age and shaping an interconnected world is the common goal of the G20 as our premier forum for international economic cooperation. The G20 revealed its strength during the global economic and financial crisis some ten years ago when it played a crucial role in stabilising economies and...

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12 Jul
Brexit News, Chapter News

Brexit News: State of play of Article 50 negotiations with the United Kingdom

The United Kingdom triggered Article 50 on 29 March 2017. What has happened since then on the EU side? On 29 March 2017, the United Kingdom notified the European Council of its intention to leave the European Union, in accordance with Article 50 of the Treaty on European Union On 29 April 2017, the European Council at EU27 adopted a set of political guidelines, which define the framework for the negotiations and set out the EU's overall positions and principles. On...

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11 Jul
Member News

Overhaul of H-1B Visa Program Expected in Response to “Buy American and Hire American” Order

The White House has been working with the Department of Justice to formulate changes to the H-1B visa program pursuant to the administration’s “Buy American and Hire American” executive order. The H-1B visa program is a temporary work visa for professional positions. Apart from the required involvement of the Department of Homeland Security, some of the proposed changes to the program could be implemented by administrative actions, while others would require new legislation to be passed. Proposed Changes That Would Require...

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