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EDUCATES

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Gain exclusive insights on issues crucial to doing business across the Atlantic at our seminars, keynote talks, panels, and deep dive workshops.

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The EACC helps facilitate growth and development of its transatlantic member organizations through strategic B2B referrals.

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The EACC gives its members a seat at the table of the transatlantic business dialogue.

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The EACC is here to help members navigate the transatlantic business community.

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TRANSATLANTIC NEWS

Chapter News

Commission Mobilizes Research and Innovation Funding for the Green and Digital Transitions

The Commission has adopted an amendment to the 2023-24 Work Programme of Horizon Europe, the EU's research and innovation programme. The amendment mobilises previously unallocated Horizon Europe funding to increase the 2024 budget by nearly €1.4 billion to a total of €7.3 billion. This amendment includes an investment of nearly €650 million in the EU Missions aiming to contribute to solving some of the challenges facing Europe, for example, making more than 100 cities climate neutral, a New European...
Chapter News

IMF | Global Economy Remains Resilient Despite Uneven Growth, Challenges Ahead

Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing almost as quickly as it rose. The journey has been eventful, starting with supply-chain disruptions in the aftermath of the pandemic, an energy and food crisis triggered by Russia’s war on Ukraine, a considerable surge in inflation, followed by a globally synchronized monetary policy tightening. Global growth bottomed out at the end of 2022, at 2.3 percent, shortly after median headline inflation peaked at 9.4...
Chapter News

IMF | Rising Cyber Threats Pose Serious Concerns for Financial Stability

This blog is based on Chapter 3 of the IMF's April 2024 Global Financial Stability Report | Cyberattacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyberattacks, some have experienced a much heavier toll. US credit reporting agency Equifax, for example, paid more than $1 billion in penalties after a major data breach in 2017 that affected about 150 million consumers. As we show in a chapter of the April 2024 Global Financial...
Chapter News

Biden-Harris Administration Announces Preliminary Terms with TSMC, Expanded Investment from Company to Bring World’s Most Advanced Leading-Edge Technology to the U.S.

With Up to $6.6 Billion in Proposed CHIPS Direct Funding, TSMC Announces 2 Nanometer Technology at Second Fab and a New Third Fab to Produce 2 Nanometer or More Advanced Chips. Proposed CHIPS Investment in Arizona Would Support AI, High-Performance Computing, 5G/6G Communications, and More Applications. On April 8th, the Biden-Harris Administration announced that the U.S. Department of Commerce and TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum...
Chapter News

IMF | Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch

Blog post by Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto |  The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1 trillion globally last year in assets and committed capital. About three-quarters of this was in the United States, where its market share is nearing that of syndicated loans and high-yield bonds. This market emerged about three decades ago as a financing source for companies too large or risky for commercial banks...
Chapter News

European Commission | Joint Statement EU-US Trade and Technology Council of 4-5 April 2024 in Leuven, Belgium

The sixth ministerial meeting of the Trade and Technology Council (“TTC”) took place in Leuven, Belgium, on 4 and 5 April 2024. It was co-chaired by European Commission Executive Vice President Margrethe Vestager, European Commission Executive Vice President Valdis Dombrovskis, United States Secretary of State Antony Blinken, United States Secretary of Commerce Gina Raimondo, and United States Trade Representative Katherine Tai, joined by European Commissioner Thierry Breton, and hosted by the Belgian Presidency of the Council of the European...

UPCOMING EACC EVENTS

    PARTNER EVENTS

    World Trade Week New York City 2024 - Kick-off Event

    EACCNY is an official partner of World Trade Week NYC. World Trade Week is part of an annual nationwide celebration of international trade observed by business and trade-related organizations across the United States during May. The mission of World Trade Week NYC is to promote the importance of international trade to the New York City metropolitan area economy. New Yorkers depend heavily on international commerce for their jobs, standard of living, and the myriad goods and services available to its diverse population.

      MEMBER NEWS

      Member News

      Troutman Pepper | FTC Bans Employee Noncompete Clauses

      The Federal Trade Commission (FTC) voted along party lines (3 to 2) to ban all worker noncompetition provisions. The final rule applies to all employees, including senior executives, and will become effective 120 days after publication in the Federal Register. The regulation deems employee noncompetes an “unfair method of competition,” pursuant to Section 5 of the FTC Act. The majority believes that noncompete provisions exploit workers and that the federal ban will increase innovation, spur establishment of new businesses, and...
      Member News

      Littler | Legal Snapshots from Europe and the United States

      Littler Mendelson | Quarterly Legal Guide Q1 Littler publishes the Global Guide Quarterly (GGQ) to provide a general update on global labor and employment (L&E) law developments in key countries in the American, EMEA, and APAC regions. By providing high-level notice of such developments, we aim to help multinational enterprises with cross-border operations to stay abreast of important changes within the L&E law framework. We, EACCNY, are sharing the relevant legal updates from Europe & the United States. Click to download...
      Member News, Uncategorized

      Wilson Sonsini | SEC, California, and CSRD Climate Disclosure Requirements Comparison Tool

      Following an order by the U.S. Securities and Exchange Commission (SEC) implementing a stay of its final climate disclosure rules pending review of legal challenges to such rules in the U.S. Court of Appeals for the Eighth Circuit, many companies are reassessing their climate disclosure timelines and the underlying processes and systems that will be required to comply with the mandatory sustainability reporting frameworks applicable to them, particularly if litigation related to the SEC’s climate disclosure rules extends over...
      Member News

      Offit Kurman | Lost in Translation: Blunders in International Estate Planning No. 4

      Welcome to Offit Kurman's “Lost in Translation: Blunders in International Estate Planning.” This blog series explores the rarified world of international estate planning, uncovering potential pitfalls and providing insights to navigate the complexities. Blunder No. 4:  Leaving the United States? Take your Assets with You When U.S. or non-U.S. citizens who may have spent time working or residing in the U.S. decide to return to their home countries or any other country outside the U.S., failing to transfer their assets outside...
      Member News

      Pérez-Llorca | Insurance Legal Update – Spain Q1 2024

      We start 2024 with some positive notes and expectations that we want to share with you. We are optimistic that the macro data for 2023 will finally show that there has been a rebound in the weight of the insurance sector in Spain’s Gross Domestic Product (GDP). As is well known, insurance activity represents approximately 5% of our country’s GDP, which is no cause for satisfaction, as it is two percentage points below the European average, and well behind...
      Member News

      CLA | The Bridge, The Boat, The Barge – Economic Update on Baltimore’s Port

      On April 5th, President Biden took an aerial tour of the accident site that caused a tragic loss of life where he gave remarks in Baltimore. Here we will review the impact of the Port of Baltimore and the Key Bridge to supply chains, the timeline for reopening the various transitways, and potential federal government support, including financial. The Port of Baltimore is one of the few in the nation which ranks in the top twenty busiest in three major categories: total tonnage...

      Private Breakfast with Benjamin Angel, Head of the EU’s DG Tax – Update on Pillar 1 & Pillar 2 [Global Minimum Tax] & BeFIT.

      EACCNY organized a private discussion with Benjamin Angel, the Director for ‘Direct Taxation, Tax Coordination, Economic Analysis and Evaluation’ in DG TAXUD. The focus topic of this meeting were the latest developments on the Global Minimum Tax.

      Looking back on a great year … thanks to our members, and our great staff.

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