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Member News
Member News
19
Jul
What’s in store for von der Leyen’s second term in the Berlaymont
European Commission President was elected for a second term on Thursday (18 July) in Strasbourg. Although it was expected to be a very close call, von der Leyen received 401 votes, well above the 361-vote threshold. The vote shows that 284 lawmakers voted against her re-election, while there were 15 abstentions and 7 void. Her vote was successful following the Greens’ announcing just before the vote that they would...
18
Jul
Jury duty assignment prevents a more comprehensive note, but here is a snapshot.
Overview: The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. The Australian dollar is a noted exception, and the better than expected jobs growth may have lent it some resilience today. The greenback initially was sold to almost JPY155.35, a new low (since June 7) before recovering to nearly JPY156.60 in Europe. The UK's employment report saw the first payroll growth in...
18
Jul
BBVA’s takeover bid for Sabadell would ultimately impact existing bancassurance partnerships with Allianz and Zurich respectively
In early May, the Spanish bank BBVA made an initial all-share offer for Sabadell to merge, which was rejected by Sabadell’s board, prompting BBVA to turn hostile and take the offer directly to Sabadell’s shareholders. BBVA’s bid is subject to a minimum acceptance threshold of 50.01% of Sabadell’s shareholders in addition to the relevant regulatory approvals required for both the takeover bid and the...
16
Jul
Welcome to the first edition of the Neural Network. The Neural Network is Stephenson Harwood's monthly round-up of developments in AI, covering three key areas relevant to professionals working in the AI space:
New regulation and public body updates;
Enforcement and litigation; and
Updates and case studies on the use of AI technology.
In this edition, we look at key AI developments from June and July 2024. We examine the final text of the EU AI Act that was recently...
15
Jul
The partners of both firms have voted in favour of the merger at their respective meetings, and the relevant regulatory approvals have been obtained
The integration is the first cross-border merger between a leading Iberian law firm and a top-tier Mexican practice
The project aims to create the leading legal practice in Mexico, serving clients on both sides of the Atlantic, large multinationals and financial sponsors, as well as other international law firms
Pérez-Llorca and González Calvillo have completed...
15
Jul
Ocean shipping rates are surging, and the current trend indicates record profits for shipping companies in the third quarter of 2024. Industry benchmarks show a substantial increase compared to pre-pandemic levels, though they haven’t quite reached the all-time highs observed in September 2021. The trend is mostly driven by ongoing disruptions in the global supply chain—high demand for goods, ongoing port congestion, geopolitical tensions, and labor shortages—which are causing a shortage of containers and an imbalance in demand for...
15
Jul
IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...
12
Jul
Dissecting the results of the French election’s second round
Round two of the French elections on Sunday, 7 July saw France faced with potential political deadlock after no party secured an absolute majority. All three blocs fell short of the 289 seat threshold needed to control the 577-seat National Assembly.
Neither the major setback for Le Pen’s National Rally (RN), nor the left-wing coalition’s surprise didn’t prove President Macron´s intention right to create political stability by calling for a snap election. Without...
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