Chapter News, News

Modernizing EU Data Protection Laws

 In early 2012, the EU proposed a major overhaul of its 1995 data protection rules to adapt them to 21st century innovations in information and communications technologies. Negotiations on new legislation are advancing swiftly, and if all goes well, the EU plans to adopt a new law before the end of the year. "European businesses need to take advantage of this new computing and information-sharing landscape and European consumers need to be able to navigate safely though the digital age,"...

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Chapter News, News

JOB OPENINGS: European Union Delegation to the United States seeking Economist

The Delegation of the European Union to the United States of America has a Contract Agent vacancy (Group II),  providing Administrative and Secretarial Assistance to the Political, Security and Development Section at the Washington Delegation. Please refer to the requirements before considering applying. This position is only open to citizens from an EU country having passed an EPSO CAST exam for Contract Agent Group II. The Delegation of the European Union to the United States of America has a vacancy for...

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Member News, News

Dutch Supreme Court reaffirms close connection between Dutch and Dutch Caribbean law

In a recent decision, the Dutch Supreme Court has reaffirmed the so-called principle of concordance between the law systems of the Netherlands and Aruba, Curaçao and Sint Maarten. The principle of concordance entails that the countries that form part of the Kingdom of the Netherlands, which each have their own legislative authority, should strive to have their civil and criminal law be as similar as possible. The political relations between the countries were changed significantly in 2010, resulting in...

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Chapter News, News

New Agreement between EU and Brazil for Funds

The Alternative Investment Fund Managers Directive will come into force later this year in the European Union (EU). This will regulate alternative investment fund managers (AIFMs) within the EU and provide for a new pan-European ”passport” for compliant alternative investment funds (AIFs), including hedge funds, private equity and real estate funds. The European Securities and Markets Authority (ESMA) annnounced on 16 January 2013 that it has approved co-operation arrangements between the Brazilian Comissão de Valores Mobiliários (CVM) and all 27 of...

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Member News, News

Delegation of Investment Management under the AIFMD

Delegation of Investment Management under the AIFMD The delegation model of fund management, whereby self-managed investment vehicles or their management companies appoint third party investment managers and advisers, has been a key basis upon which the success of the funds industry in Ireland has been built. There are currently in excess of 5,000 Irish domiciled funds and sub-funds, with assets in excess of 1 Trillion Euro, which have been established by over 400 fund promoters based in over 50 countries....

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Member News, News

Irish Regulator Issues AIF Handbook for AIFMD Compliance

The Central Bank of Ireland (the Central Bank), the Irish regulatory authority for the fund sector, has just published a new alternative investment fund (AIF) handbook (the AIF Handbook). This contains complete details regarding the manner in which the Alternative Investment Fund Managers Directive (AIFMD) will be applied to AIFs in Ireland. The Central Bank is the first European regulator to issue this level of detailed guidance. The AIF Handbook revises and streamlines the existing non-UCITS regime in Ireland and...

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Chapter News, News

EU Lays Out Cybersecurity Strategy

The European Commission today set out its first comprehensive strategy to prevent and respond to cyber disruptions and attacks. The new cybersecurity strategy along with a proposal on Network and Information Security aims to prevent and fight cybercrime, strengthen the security and resilience of networks and information security systems, and helps establish a more coherent European cybersecurity policy.   The international dimension also features prominently with the objective of establishing a coherent international cyberspace policy. At bilateral level, the document underscores...

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Chapter News, News

EU NEWSBRIEF: EU Leaders Strike Budget Deal

European leaders today reached an important agreement on a balanced and growth-oriented common budget for the European Union. Noting that this compromise shows a sense of collective responsibility from Europe's leaders, European Council President Herman Van Rompuy highlighted that the 2014-2020 budget is future-oriented, realistic, and driven by pressing concerns. "I'm satisfied that all along this negotiation we kept the bigger picture in mind. Even in such difficult economic conditions, we have managed to keep essential factors of continuity and of growth." European Commission President...

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Chapter News, News

European Policy Scorecard Finds EU Remains America’s Most Dependable Partner

The latest edition of the European Policy Scorecard 2013 published by the European Council on Foreign Relations (ECFR) finds that the transatlantic relationship remains resilient and vital to both partners. Europe is singled out as the only dependable partner the U.S. has. The study highlights how the EU has been able to advance its foreign policy objectives. In particular, the European External Action Service, under the leadership of High Representative Catherine Ashton, has "continued to develop and consolidate its role."...

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Member News, News

Pepper Hamilton News: Louis Freeh Named Chair of Pepper Hamilton

New York (February 5, 2013) – Pepper Hamilton LLP has named Louis J. Freeh as its next Chair. Outgoing Chair Nina M. Gussack made the announcement today. The transition will take place later this month. “Judge Freeh is the right person to assume the Chair position at Pepper Hamilton,” said Gussack. “I look forward to supporting him as his vision and leadership continue to move us forward as a law firm always at the forefront of innovation.” Freeh succeeds Gussack, who...

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