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Member News
Member News
14
Dec
The Move the Needle Fund is a five-year effort that will apply research-backed methods to drive meaningful change. We’re excited to collaborate with the Diversity Lab, 25+ forward-thinking corporate legal departments, our peer firms, and community leaders to innovate and make progress at Orrick and in our profession.
As our Chairman Mitch Zuklie puts it:
“At the same time that every organization takes a clear-eyed look at their own culture and practices, we need to drive systemic change together. The most exciting...
14
Dec
With the end of the Brexit transition period rapidly approaching and the United Kingdom (UK) poised to become a “third country” after it leaves the European Union (EU), the UK and the EU have yet to reach any “deal” on how the transfer of personal data should be dealt with starting January 1, 2021. With the negotiations deep into their final phase, the advice from regulators, including the UK’s Information Commissioner’s Office (ICO), is that organisations should be taking...
14
Dec
In a notice to be published in the Federal Register on December 14, 2020, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce (DOC) announced a new interim final rule amending the exclusion process with respect to steel and aluminum mill products covered by additional duties under Section 232 of the Trade Expansion Act of 1962, as amended (“Section 232”). Unless excluded, steel and aluminum products covered by this action are, respectively, subject to an...
11
Dec
Brexit negotiators aim to salvage a deal by Sunday
After the post-Brexit negotiations reached its latest impasse, all eyes were on UK Prime Minister Boris Johnson and President of the European Commission, Ursula von der Leyen to break the deadlock this week. No deal was struck, and the negotiators have been given until Sunday to find an accord. In a week of political leadership, a high-level political dinner was called on Wednesday night to discuss how best to resolve the ongoing Brexit...
11
Dec
In view of the departure of the United Kingdom from the EU on 1 February 2020 and the forthcoming end of the transitional period on 31 December 2020, the CSSF stated its expectations and rendered some clarifications through a press release published on 7 December 2020.
1) Termination of passporting rights
The CSSF reminds market participants that passporting rights will be terminated as of 31 December 2020 at midnight and therefore be lost as of 1 January 2021. Passporting rights are...
10
Dec
Portugal Open for Business is a campaign developed by aicep Portugal Global focused on promoting strong Portuguese companies established in the United States and Canada that stand out in the areas of innovation, healthcare and technology.
In addition to its privileged geographical position, Portugal ranks exceptionally well in the competitiveness, digitalization and knowledge indexes establishing the Atlantic bridge between North America and Europe. The Portugal Open for Business campaign aims to promote and facilitate business connections between North America and...
10
Dec
Attrition is a major concern for business leaders, and it’s not one which can be easily resolved. When a good employee leaves your organization, you’re not only facing the immediate costs of hiring and training a new employee, the bottom line is also impacted by the internal knowledge that key employees take with them. There are ways to mitigate these costs and risks – such as having a recruitment strategy and talent pipeline in place for backfilling roles and...
10
Dec
On December 1, 2020 the Council of the EU adopted conclusions calling on the Commission to launch an Action Plan by 2021 focusing on shaping global supply chains sustainably, promoting human rights, social and environmental due diligence standards and transparency. In April 2020, the Commission already announced its intention to develop a legislative proposal and published a study on due diligence requirements through the supply chain (see our previous client alert).
The Action Plan should include a call for a proposal from the...
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