Chapter News, News

EU Trade Commissioner: Transatlantic Trade Agreement to Provide Economic Stimulus

Speaking at a conference on Europe at Harvard March 2, European Union Trade Commissioner Karel De Gucht stressed that fostering transatlantic trade would be the best way to provide economic stimulus. "This is the cheapest stimulus package you can imagine," he said. Noting that "On both sides, we are still suffering the effects of the earthquake that hit our economies in 2008," Commissioner De Gucht agreed that trade is an indispensable ingredient of prosperity as he made the case for...

Read more

Member News, News

Italian Supreme Court Affirms Position Against Punitive Damage Awards

The Italian Supreme Court, the highest court in Italy, and analogous to the United States Supreme Court, has historically found that punitive damage awards in civil matters are contrary to the Italian system of civil liability which seeks compensation rather than punishment. In the recent decision Soc Ruffinatti v. Oyola-Rosado, the “Corte Suprema di Cassazione” sentence n. 1781/2012 of February, 8, 2012, the Italian Supreme Court further underscored this position by finding that foreign judgments which award punitive damages are...

Read more

Member News, News

Pepper Hamilton Financial Services Alert: The New Normal: Third-Party Vendors Under the Microscope

As the financial services industry continues to strive for efficiency, financial institutions, both deposit and non-deposit taking, are increasingly relying on third parties to perform banking or product functions that are either new to the industry or had traditionally been performed by the institutions themselves. This increased reliance on vendors is driven in many cases by legitimate business reasons, most notably cost considerations as vendors are able to provide economies of scale, expertise or additional products that the institutions often...

Read more

Member News, News

AlixPartners: Strategies for Keeping a Whistleblower In-House

The first enforcement actions under Dodd-Frank’s whistleblower program, along with the steady flow of tips received by the SEC, illustrate why it is important for companies to be prepared to deal with an issue before an investigation occurs. In this environment, companies and counsel should take steps to minimize the risk that possible violations of securities laws are reported externally. To read the entire article, click here: Minimizing the Risk of Reporting Externally.  

Read more

Member News, News

Global Dealmaking 2013 Report from Pepper Hamilton and The Deal: Why the Best Strategists Will Dominate

Before there is agreement on a merger or acquisition in 2013, dealmakers will be much more focused on the panoply of risks involved - regulatory, environmental and labor - and will carry out more extensive due diligence than in the past, according to a panel of senior M&A specialists. The special circumstances surrounding the new deal environment were the focus of a conference hosted by The Deal at the New York Stock Exchange in November. Entitled "Global Dealmaking in 2013:...

Read more

Member News, News

Pepper Podcast: Corporate End-Users of Financial Derivatives and Dodd-Frank: A New Paradigm

Brian Korn, of counsel and resident of Pepper's New York, Los Angeles and Orange County offices, practices in our corporate and securities group and is a member of the firm's Financial Services Reform Response Team. Brian has recently given a presentation to the New York City Bar on changes to swaps and derivative products for corporate end-users resulting from the Dodd-Frank Wall St. Reform and Consumer Protection Act of 2010. Brian spent a few minutes with us to discuss the...

Read more

New York Related News, News

Mayor Bloomberg Launches New “We Are Made In NY” Initiative To Support New York City’s Thriving Tech Industry And Continue Record Job Growth

Initiative Includes Advertising Campaign, New Website with Job Opportunities at More Than 900 Local Tech Start-ups, and Expansion of “Made in NY” Logo Beyond Film & Television. Mayor Michael R. Bloomberg, Media & Entertainment Commissioner Katherine Oliver and Chief Digital Officer Rachel Haot today launched “We Are Made in NY,” a multi-platform initiative promoting the city’s thriving technology and digital sector. The initiative includes a comprehensive website that brings together City resources to help entrepreneurs and attract new startups to...

Read more

Chapter News, New York Related News, News

In Final State Of City Address, Mayor Bloomberg Outlines The City’s Unfinished Business

IN FINAL STATE OF CITY ADDRESS, MAYOR BLOOMBERG OUTLINES THE CITY’S UNFINISHED BUSINESS Details New Initiatives to Continue the City’s Economic, Educational and Environmental Gains High-Resolution Renderings of Major Priority Projects are Available at www.flickr.com/nycmayorsoffice Full Text of the Mayor’s State of the City Address is Available at www.nyc.gov Mayor Michael R. Bloomberg delivered his 12th and final State of the City address today at Barclays Center in Brooklyn, detailing his agenda for the year and the unfinished business the Administration intends to...

Read more

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,"...

Read more

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...

Read more