02 Jan
Chapter News, News

Stability and Prosperity in Monetary Union

Opinion piece by Mario Draghi, President of the ECB, for Project Syndicate, 2 January 2015 There is a common misconception that the euro area is a monetary union without a political union. But this reflects a deep misunderstanding of what monetary union means. Monetary union is possible only because of the substantial integration already achieved among European Union countries – and sharing a single currency deepens that integration. If European monetary union has proved more resilient than many thought, it...

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29 Dec
Member News, News

Crimea and Sevastopol – Substantial EU additional sanctions on investment, services and trade

In order to strengthen the EU’s policy of not recognising the annexation of Crimea and Sevastopol by Russia, the Council of the European Union has decided to reinforce the package of restrictive measures adopted on 23 June1 and 30 July2 targeting cooperation and exchanges with those regions. The recent Council Regulation (EU) No 1351/20143 (hereinafter the “New Regulation”) substantially broadens the former restrictions, notably the scope of the ban on investments. Enlargement of the scope of the EU restrictive measures...

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29 Dec
Chapter News, New York Related News, News

Governor Cuomo And Mayor De Blasio Announce Integrated Flood Protection System Study And Design For Red Hook

State and City each commit an initial $50 million to launch the initiative, which will make the Brooklyn waterfront community more resilient – part of comprehensive, citywide resiliency plan NEW YORK—Governor Andrew M. Cuomo and Mayor Bill de Blasio today announced a Request for Proposals (RFP) for the study and design of an integrated flood protection system (IFPS) in the Red Hook neighborhood of Brooklyn. The project, for which the City and State are each committing an initial $50 million,...

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23 Dec
Member News, News

TRIA – When the Ball Drops, No Need to Panic But…

By Frederick J. Pomerantz and Aaron J. Aisen on December 23, 2014 At exactly 12:00 a.m. on January 1, 2015, the New Year will be celebrated amidst ball drops and renditions of “Auld Lang Syne.”  However, amidst the celebrations, the Terrorism Risk Insurance Act (TRIA) will expire.While there is a very real possibility that Congress will pass legislation renewing it in some form when the 114th Congress convenes in January 2015, insurance companies and their insureds are already feeling the...

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22 Dec
Chapter News, News

EU Council is looking at Investment challenges for Europe

European Council Conclusions - 18 December 2014  It was the first European Council chaired by Donald Tusk as President and it followed a shorter format, a '1-day summit'. It allowed EU leaders to take clear decisions and set firmer orientations on: Investing in Europe EU leaders looked at ways of improving the investment environment in Europe and said that this improvement was needed to reinforce structural reforms and fiscal consolidation carried out by member states. European Fund for Strategic Investment (EFSI) They backed...

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21 Dec
Member News, News

Photovoltaics in Print: Foil could be used on external facades

An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. The already-patented core innovation of the company...

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18 Dec
Member News, News

DeVore & DeMarco Client Alert: SONY v. Democratic People’s Republic of Korea?

As relentless news reports have made clear, Sony Pictures Entertainment has suffered -- and continues to suffer -- a devastating cyber-attack on its computer systems.  According to press reports, a hacker group known as the “Guardians of Peace,” or “GOP,” has taken credit for the attack, which has paralyzed Sony’s network and leaked much as 100 terabytes of confidential information. Leaked data has included Social Security Numbers, employee and talent salaries, account and administrative passwords, sales plans, sensitive employee emails...

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16 Dec
Chapter News, News

January 1, 2015 is €-Day for Lithuania

On January 1, 2015, Lithuania becomes the 19th EU Member State to adopt the euro as its currency, completing the shift by all three Baltic nations to the EU’s single currency. The EU Member States that have adopted the euro constitute the euro area, and all are subject to the monetary policy set by the European Central Bank. Lithuania satisfied the necessary economic convergence criteria prior to taking this historic step: •    Price stability. The inflation rate should not be more...

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15 Dec
Chapter News, New York Related News

Comptroller Scott M. Stringer Releases a Request for Information about Electronic Processing of Contract Invoices and Payments

On December 5, 2014, the Comptroller's Office released a Request for Information (RFI) in order to invite responses and gather information regarding options for electronic processing of contract invoices and payments. The Comptroller is seeking information regarding new technologies and approaches to inform the transition of the invoice submission, review, and approval processes from their mostly paper-based current state to an electronic solution in a secure, scalable, and cost effective manner. The RFI can be found at: https://comptroller.nyc.gov/forms-n-rfps/rfps-n-solicitations/?id=7#active. The Comptroller’s Office is considering holding a pre-submission...

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12 Dec
Chapter News

Investing in Long-Term Europe: Re-Launching Fixed, Network and Social Infrastructure

Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs | Conference "Investing in Long-Term Europe: Re-Launching Fixed, Network and Social Infrastructure" | Rome, 12 December 2014 "Ladies and gentlemen, dear Colleagues, It is a real pleasure for me to speak in front of you today. The first day of this Conference has been very fruitful in bringing together academics, investors, and policy makers, from Europe and from the member states, around one subject: how to make long term investment in Europe happen...

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