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Member News
Member News
12
Apr
By Oliver FitzGerald | Mason Hayes & Curran,
The High Court of England and Wales ruled this month that the European Medicines Agency (EMA) is not able to terminate the twenty-five year lease of its Canary Wharf headquarters in London. EMA relocated its headquarters to Amsterdam following Brexit and argued that the Lease, which has a current rent of £13 million per year, was terminated by ‘frustration’ as a result of Brexit.
Introduction
In this article, we look at the concept of...
11
Apr
By Benjamin J. Eichel & Matthew H. Adler | Pepper Hamilton
The U.S. Supreme Court has demonstrated with increasing frequency over the past 20 years a particular fascination with arbitration. There have been at least 20 Scotus cases in the past decade on arbitration, including three cases in the current term—two in the first week in October.
By contrast, even though there remains far more cases in federal court than in arbitration, and even though personal jurisdiction is both a frequently...
11
Apr
By Thompson Hine International Trade on April 11, 2019
A World Trade Organization (WTO) dispute settlement panel ruling, Russia – Measures Concerning Traffic in Transit, issued last week on a member’s use of the WTO’s so-called “national security exception” under Article XXI of the General Agreement on Tariffs and Trade (GATT) may have a significant impact on the Trump administration’s application of that exception under U.S. law, Section 232 of the Trade Expansion Act of 1962, to impose tariffs on imports worldwide.
Currently, the Trump...
11
Apr
On March 26, 2019, the European Parliament voted in favor of the new Copyright Directive, in the text resulting from the Trilogue. The Directive contains a variety of provisions concerning, among others, the status of the press, cultural heritage institutions and digital platforms. It tackles the use of journalistic content online, the measures to be adopted by online platforms in order to identify and prevent copyright infringements and new copyright exceptions such as for text and data mining.
The text...
10
Apr
By Richard P. Eckman, Mark T. Dabertin, Avinoam D. Erdfarb | Pepper Hamilton
The need to control risks associated with using third-party technology service providers was reemphasized by the FDIC for institutions with less than $1 billion in assets in a new financial institutions letter (FIL) FIL-19-2019, “Technology Service Provider Contracts.” Released on April 2, 2019.
This FIL was prompted by failings in third-party oversight uncovered in recent examinations. It reiterates guidance previously issued in FIL-44-2008, “Guidance for Managing Third-Party Risk,” and emphasizes...
10
Apr
By William R. Rhodes | March 19, 2019 | Brown University Panel
Thank you to Mark Blyth. It is a pleasure to be here at the Rhodes Center, in the Watson Institute, here at my alma mater Brown University. I am delighted to be participating in this panel. Thanks to all of you and my fellow panelists.
We are here to discuss bank conduct and culture. A subject of great importance to me personally.
I remember my more than 50 years of...
10
Apr
The USTR issued a press release late yesterday regarding the potential imposition of additional tariffs on certain products from the European Union.
The additional tariffs would be imposed pursuant to Section 301 of the Trade Act of 1974 and would affect approximately $11 Billion in goods. The USTR states that the tariffs are being contemplated in response to subsidies that the EU has provided to European aircraft manufacturer Airbus. The tariffs are split between two “Annexes”: one annex covering...
09
Apr
By Jens H. Kunz & Klaudyna Lichnowska |Noerr
The EU and German financial sector has undergone significant changes in recent years and the regulatory environment continues to evolve.
Dr. Jens H. Kunz and Klaudyna Lichnowska from our practice group Financial Services Regulation have taken the opportunity to contribute an article to GLI’s “Banking Regulation 2019” including an overview of the regulatory architecture in Germany and addressing the key regulatory topics as well as the most recent developments in the field of...
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