European Union

iAngels Ventures Raises $55.5M (€47M) for First Institutional Fund Anchored by the European Investment Fund Bringing Total AUM to over $300M (€255M)

Tuesday, July 27, 2021 - 12:00pm

"We are well-positioned now to lead rounds and provide significant support to our companies from inception to exit.

Key Points: 
  • "We are well-positioned now to lead rounds and provide significant support to our companies from inception to exit.
  • Our investment is reinforcing the links between Israel and the European Union, and will result in strengthened cooperation in the research, development and innovation sphere."
  • The General Partners of iAngels Ventures include iAngels founders Hod Moyal and Assia, as well as iAngels Chairman David Assia .
  • The European Investment Fund (EIF) is part of the European Investment Bank group.

iAngels Ventures Raises $55.5M (€47M) for First Institutional Fund Anchored by the European Investment Fund Bringing Total AUM to over $300M (€255M)

Tuesday, July 27, 2021 - 12:00pm

TEL AVIV, Israel and LUXEMBOURG, July 27, 2021 /PRNewswire/ -- iAngels, a women-led, Israel-based venture capital firm and investment platform led by Mor Assia and Shelly Hod Moyal, announced the successful closing of $55.5 million in capital for iAngels Ventures, the firm's first institutional fund, bringing its total AUM to over $300 million. iAngels Ventures invests in Israeli high tech and is anchored by a $25 million investment from the European Investment Fund (EIF). This investment, the largest the EIF has made in Israel to date and after a multiyear vetting process that examined all Israeli VCs, is a direct benefit of Horizon 2020, the EU Framework Programme for Research and Innovation (2014-2020).

Key Points: 
  • "We are well-positioned now to lead rounds and provide significant support to our companies from inception to exit.
  • EU backing for equity funds such as iAngels can play a role in creating an ecosystem for tech growth.
  • The General Partners of iAngels Ventures include iAngels founders Hod Moyal and Assia, as well as iAngels Chairman David Assia .
  • The European Investment Fund (EIF) is part of the European Investment Bank group.

Good catch in joint actions targeting illegal fishing

Tuesday, July 27, 2021 - 8:00am

In 2010 the European Union set up afour-year Policy Cycle

Key Points: 
  • In 2010 the European Union set up afour-year Policy Cycle

    to ensure greater continuity in the fight against serious international and organised crime.

  • In 2017 the Council of the EU decided to continue the EU Policy Cycle for the

    period.

  • It aims to tackle the most significant threats posed by organised and serious international crime to the EU.
  • Environmental crime

    is one of the priorities of the Policy Cycle.

Highlights - Frontex Scrutiny Working Group - Committee on Civil Liberties, Justice and Home Affairs

Sunday, July 25, 2021 - 12:34am

The report with conclusions and recommendations, was drafted by Tineke STRIK (Greens, NL) and was discussed in the Civil Liberties Committee on 15 July 2021.

Key Points: 
  • The report with conclusions and recommendations, was drafted by Tineke STRIK (Greens, NL) and was discussed in the Civil Liberties Committee on 15 July 2021.
  • You can find the report below.
  • The annex of the report will be soon published here, as well.
  • The Frontex Scrutiny Working Group's mandate is to permanently monitor all aspects of the functioning of Frontex, including its reinforced role and resources for integrated border management, the correct application of the EU acquis, and its execution of Regulations (EU) 2019/1896 and 656/2014.

Article - First half 2021: Covid-19, future of Europe, climate law

Sunday, July 25, 2021 - 12:34am

Climate and environment

Key Points: 
  • Climate and environment

    Parliament approved in June the new EU Climate Law, which increases the EUs 2030 emissions reductions target from 40% to at least 55%.

  • Parliament also adopted its position on the EU Biodiversity Strategy for 2030 to tackle the current biodiversity crisis.
  • EU-UK relations

    Parliament approved the EU-UK trade and cooperation agreement in April, setting the rules for the future partnership.

  • MEPs argued the deal was the best option to minimise the worst effects of the UK's withdrawal from the EU.

EIOPA consults on the approach to the supervision of run-off undertakings

Saturday, July 24, 2021 - 8:00am

The European Insurance and Occupational Pensions Authority (EIOPA) issued today a consultation on the supervisory statement regarding the supervision of run-off undertakings.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) issued today a consultation on the supervisory statement regarding the supervision of run-off undertakings.
  • The aim of the supervisory statement is to ensure that a high-quality and convergent supervision is applied to run-off undertakings or portfolios that are subject to Solvency II regulation.
  • Acquisition of run-off portfolios and run-off undertakings by other insurance undertakings is increasing and is attracting interest from specialised investment entities such as private equity.
  • The supervision of run-off undertakings is particularly challenging because of the specific risk profile of such undertakings e.g.

EIOPA consults on the amendments of supervisory reporting and disclosure requirements

Saturday, July 24, 2021 - 8:00am

The European Insurance and Occupational Pensions Authority (EIOPA) published today a consultation on the amendments of supervisory reporting and disclosure requirements under Solvency II.

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) published today a consultation on the amendments of supervisory reporting and disclosure requirements under Solvency II.
  • After a number of years of the implementation of Solvency II and the information received by national supervisory authorities it is important to ensure that the regular supervisory reporting remains fit for purpose.
  • In this consultation paper, EIOPA proposes amendments to the reporting requirements, which are mainly based on the Report on quantitative reporting templates published together with the 2020 Solvency II Opinion.
  • In addition to those changes, the proposals include simplification of quarterly reporting for all undertakings, elimination of some reporting templates for all undertakings and new thresholds to promote better risk-based and proportionate reporting requirements.

Next Generation Labs Cancels R-S Synthetic Nicotine Cessation Patent Contribution Agreement with Kaival Brands Innovation Group and Kaival Labs., Inc.

Friday, July 23, 2021 - 7:35pm

The Patent Contribution Agreement related to the acquisition and commercial exploitation by Kaival of Next Generation Labs' innovative IP portfolio on combinational use of synthetic R- and S-isomer nicotine ratios in tobacco cessation products.

Key Points: 
  • The Patent Contribution Agreement related to the acquisition and commercial exploitation by Kaival of Next Generation Labs' innovative IP portfolio on combinational use of synthetic R- and S-isomer nicotine ratios in tobacco cessation products.
  • As a result of inaccurate and misleading statements relating to the use of patented synthetic nicotine for tobacco cessation products appearing on the Kaival Labs website, Next Generation Labs wants to clarify that as a consequence of Kaival's failure to perform its obligations under the Patent Contribution Agreement, all rights to the R-S synthetic nicotine cessation patent portfolio fully reverted to Next Generation Labs in May, 2021.
  • Additionally, Kaival executed a Confirmatory Transfer Agreement with Next Generation Labs relinquishing all rights to the Next Generation Labs patent portfolio for the commercialization of combinational TFN R-S nicotine relating to tobacco cessation products.
  • Next Generation Labs is pleased to have reclaimed all of its rights in this international portfolio of tobacco cessation (nicotine replacement therapy "NRT") patents.

Swisspod Launches World's First Infinite Trajectory Hyperloop Testing Facility

Friday, July 23, 2021 - 6:05pm

Swisspod and its esteemed academic partner are collaborating on the development of an operational field-test facility for the validation of ultra-fast transportation solutions.

Key Points: 
  • Swisspod and its esteemed academic partner are collaborating on the development of an operational field-test facility for the validation of ultra-fast transportation solutions.
  • The facility hosts an "infinite" Hyperloop track used for the testing and validation of Swisspod's novel and highly efficient propulsion system design.
  • Swisspod and the Swiss Federal Institute of Technology in Lausanne (EPFL), one of Europe's most prestigious research universities, are extending their longstanding collaboration with the development of an operational testing facility for ultra-fast transportation solutions.
  • Swisspod is a Swiss B2B transportation technology company leading the development of the most sustainable, efficient and comprehensive Hyperloop solution.

Kindred Group utilises authorisation to repurchase own shares

Friday, July 23, 2021 - 11:07am

VALETTA, Malta, July 23, 2021 /PRNewswire/ -- The Board of Directors of Kindred Group plc ("Kindred" or the "Company") has, empowered by a mandate received at the Extraordinary General Meeting on 10 June 2021, decided to initiate a share buy-back programme. The purpose of the programme is to return excess cash to the shareholders in line with the Company's distribution policy

Key Points: 
  • VALETTA, Malta, July 23, 2021 /PRNewswire/ -- The Board of Directors of Kindred Group plc ("Kindred" or the "Company") has, empowered by a mandate received at the Extraordinary General Meeting on 10 June 2021, decided to initiate a share buy-back programme.
  • The Company's holdings of its own shares/SDRs may not at any time exceed 10 per cent of the total outstanding shares.
  • Share repurchases are to be made on Nasdaq Stockholm in accordance with the Nasdaq Nordic Main Market Rulebook for Issuers of Shares and MAR.
  • This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014).