September 1, 2016, Corporate Counsel

Daniel Spiegel is quoted in a Corporate Counsel article regarding significant changes that occurred in the global marketplace while Paul Dudek was head of the SEC’s Office of International Corporate Finance for 23 years. Spiegel, commenting on “Smaller Companies/Emerging Markets,” says that the growth of emerging markets entering the global economic and trading ...

2017

Our Brexit Task Force is staffed by senior lawyers and advisors across London, Brussels, and Washington to monitor events and to keep clients apprised of legal, regulatory, and policy developments. We are advising clients across a wide range of businesses and industries on the impact and implications of Brexit, including on strategic policy and regulatory issues pertaining to:

• Employment and Immigration: the employment status of EU nationals in the UK, and UK nationals in the EU; workforce planning and minimizing the impact of the Brexit vote on both employee relations and the wider business;
• Corporate: deal opportunities created by the fall in the value of the British pound; the likely effect of Brexit on a number of corporate structures established in EU legislation; how to structure EU-UK joint ventures or projects to protect against the likely consequences of Brexit for EU-specific corporate structures;
• Data Protection: the UK's regulatory framework, including UK implementation of the GDPR; data flows after Brexit between (i) the UK and EU and (ii) the UK and other third countries (e.g., the U.S.); status of UK corporate “main establishments;" and EU Model Clauses and Binding Corporate Rule programs post-Brexit;
• Regulatory Integration: risks to business of regulatory fragmentation; the likelihood of securing bespoke agreements for specific sectors, such as pharmaceuticals, air transport, and financial services; strategies to advocate EU-UK regulatory integration in specific fields with UK and EU decision makers;
• Cross-border Supply Chains and EU-UK Trade: the likely form of an EU-UK Free Trade Area and its implications for trade, manufacturing, and supply chains; work to protect the free flow of goods by region (e.g., special economic zones, sectorial agreements in the free trade area), including public policy and regulatory advice to secure such arrangements;
• International Trade: the likely effect of the models adopted for Brexit on future UK trading relationships with the EU, U.S. and other jurisdictions; the consequences of the UK’s likely position outside the EU Customs Union on rules of origin; restructuring trade flows to minimize disruption and identify opportunities in the models for post-Brexit UK-EU trade arrangements; support and outreach in UK-EU trade negotiations.

We are also advising clients on sector-specific issues in:

• Life Sciences: models for the integration or mutual recognition of EU and future UK medicines and medical devices regulatory systems;
• IT and Technology: data protection; copyright and the UK’s recognition or implementation of pending proposals, and e-commerce and consumer rights;
• Financial Services: assessing the impact of Brexit on the business and planning the response; advising on the restructuring of businesses and corporate reorganizations; advising on cross-border corporate relocation issues; assisting with major document and contractual reviews impacted by Brexit and the response; lobbying the Government and responding to Consultations; assisting industry associations as a member of task force committees and working groups; and advising on the likely impact on the implementation of major EU Directives and Regulations, such as MiFID II.

Resources

Below is a compendium of resources that outline key points about Brexit and its potential impact on industry.

• Theresa May’s position as PM cannot be secured: Lord Maude, CNBC, June 12, 2017 
• Lord Maude: Theresa May needs to offer 'outward-looking Britain, Sky News, June 7, 2017
• UK Government Outlines Plan for Initial Continuation of EU Law in Post-Brexit UK Law, Covington Alert, March 30, 2017
• Brexit's Impact on Businesses, Bloomberg, March 29, 2017
• UK Triggers Brexit Process, Covington Alert, March 29, 2017
• Expect clear Brexit negotiating positions by the summer, CNBC’s Squawk Box, March 29, 2017

June 24, 2016, Covington Alert

The UK has voted to leave the European Union in an advisory referendum. 52% leave - 48% remain.

Were the UK to leave the EU, this would have significant implications for the UK and for international businesses operating in the UK. The longer term impact of the decision on the regulatory framework for the UK will depend, in part, on the relationship that the UK seeks with the EU in the future. That will not become clear for some time as it will likely take at least two years for the UK to negotiate an exit from the EU.

Covington has formed a Brexit Task Force staffed by senior lawyers and advisors linking its offices in London, Brussels and Washington to monitor events and to keep clients apprised of legal, regulatory and policy developments. We will send you regular updates over the coming days and beyond to explain what this result means for your business operations in Europe and/or your trading relationships with the UK.

April 29, 2016, Global Policy Watch

When the dust settles on 2016, and Congress is receiving year-end grades from political pundits, voters and even self-evaluations from the Members themselves, there will no doubt be a common refrain that election year politics, gridlock and a short legislative calendar have yet again left too many important issues unresolved. But one important piece of...… ...

July 17, 2014, Law360

Dan Speigel and Anne Pence co-authored this article on the use of antibiotics. "Alarmed by the real health, economic and security risks associated with “superbugs” that are resistant to antibiotics — the lynchpins of modern medicine — President Obama has included anti-microbial resistance as a focus of his 26-nation partnership Global Health Security Agenda. He ...

July 9, 2014, Global Policy Watch

Alarmed by the real health, economic and security risks associated with “superbugs” that are resistant to antibiotics — the lynchpins of modern medicine — President Obama has included antimicrobial resistance as a focus of his 26-nation partnership Global Health Security Agenda.  He has just announced a September 2014 White House international conference that ...

April 29, 2014, Covington Advisory

July 19, 2013, Covington E-Alert

November 1, 2012

WASHINGTON, DC, November 1, 2012 — Covington & Burling opens its Seoul office today after securing final approval from the Korean Ministry of Justice and the Korean Bar Association. The new office will be located in the Meritz Tower, at 825-2, Yeoksamdong in the heart of Seoul’s Gangnam business district. “We are honored to be among the first U.S. law firms to ...

May 8, 2012, Covington E-Alert

March 12, 2012

WASHINGTON, DC, March 12, 2012 — Covington & Burling LLP has applied to open a new office in Seoul and tapped William H.Y. Park, a veteran corporate lawyer based in Korea, to help oversee the expansion. Mr. Park will work closely with former Ambassador to the United Nations Daniel Spiegel, senior of counsel at Covington, who will be the Foreign Legal Consultant ...

May 13, 2010, Covington E-Alert

2/11/2009

WASHINGTON, DC, February 11, 2009 — Covington & Burling LLP is pleased to announce that Ambassador John K. Veroneau, who most recently served as Deputy U.S. Trade Representative, has joined the firm’s international practice as a partner. Mr. Veroneau will be resident in Covington’s Washington office. At USTR, Mr. Veroneau had broad supervisory responsibility ...

June 2, 2008

WASHINGTON, DC, June 2, 2008 — Covington & Burling LLP is pleased to announce that Ambassador Daniel Spiegel has joined the firm as senior of counsel. Mr. Spiegel will be resident in the firm’s Washington office. At Covington, Mr. Spiegel will continue to build and manage large coalitions of global food, alcohol, and medical device companies who are working to ...