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Member News
Member News
20
Nov
The global economy accelerated during the summer months after the virtual halt of economic activity in Q2/2020. During the third quarter, consumer sentiment brightened, household spending increased, and Purchasing Manager Indices (PMIs) in the manufacturing and services sector rose above 50 indicating the economic expansion should continue in the coming months. The beginning of the fourth quarter seems to be going well although October flare-ups in COVID-19 cases in Europe and the US are beginning to influence economic sentiment.
Meanwhile,...
20
Nov
The risk of COVID-19 transmission falls as physical distance between people increases. Innovative approaches to contact tracing help keeping a safe distance, and the European Investment Bank (EIB) supports that innovation. The EU bank and KINEXON, a Munich-based global technology leader that develops hardware and software solutions, have signed a €15 million venture debt loan to promote KINEXON’s real-time localisation technology, which enables objects or people to interact in a smarter, more efficient way using the internet of things...
20
Nov
With just under six weeks until the end of the transition period, the EU-UK negotiations on the future relationship hit a familiar roadblock, as the coronavirus breached the carefully sealed bubble of negotiators.
Since the very public fallout between the parties in October, talks had, as promised by Commission President von der Leyen, been significantly intensified with in-person negotiations taking place almost daily since 22 October. In fact, considering that both chief negotiators had been very light-lipped recently, some commentators...
19
Nov
Wilson Sonsini recently hosted a discussion regarding this topic - and you can find the recording, plus the presentation materials here: Data Transfers Post-Schrems ll Webinar Recording |
On November 12, 2020, the European Commission (EC) issued a draft version of a new set of Standard Contractual Clauses (New SCCs). The long-awaited New SCCs include several modules that companies can use depending on the transfer scenarios, such as controller-to-controller, controller-to-processor, and processor-to-processor data exports. The New SCCs have also been updated to reflect...
19
Nov
Since April 2020, we have collaborated with our foreign law firm partners to provide a chart summarizing the economic, labor and employment, health and safety, and export and import measures taken by governments around the world in response to the COVID-19 pandemic. After a short break, we are back with version 2.0 of our chart with substantive changes to reflect the most pressing and interesting government measures concerning the COVID-19 pandemic. The new version of the chart includes a concise, corporate-focused...
18
Nov
EU financing for COVID-19 vaccine helps German firm close in on a solution with highly effective trial results
When Özlem Türeci and her husband, Uğur Şahin, announced that the COVID-19 vaccine developed by their company, BioNTech, had excellent results in its latest tests, the couple took a short break from their round-the-clock research schedule. But only long enough to drink a cup of tea.
“It was oolong tea to be precise,” Türeci says. “We both like it and it’s easy to...
17
Nov
Survey shows 61 percent of companies are engaged in or considering a legal entity rationalisation.
A 2020 survey conducted by CFO Research and Vistra found that 61 percent of respondents were engaged in or considering conducting a legal entity rationalisation. Some may find that number surprising, but there are good reasons so many companies are undertaking rationalisations.
In this podcast, CFO Magazine’s Nick Ciavatta interviews Charlotte Hultman and Ed Novak about why legal entity rationalisations are so popular, and why they’ll...
17
Nov
Highlights:
Due to the recent announcements of successful trials for a COVID-19 vaccine, healthcare providers are asking about the extent to which the Public Readiness and Emergency Preparedness Act (PREP Act) will protect them against liability under state and federal law.
There is limited case law addressing the applicability of the PREP Act, but the bottom line of the few cases that have examined the question is that the PREP Act is likely to preempt state claims relating to...
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