BY BANNOCKBURN GLOBAL FOREX , LLC   The USD was mixed in August, losing a little ground against a strong EUR but gaining modestly against GBP and the CAD. After initially recovering slightly after heavy losses in July, the USD made new lows both against the EUR and on a trade-weighted basis at the end of the month in the aftermath of the central bank symposium at Jackson Hole. Market hopes that ECB president Draghi would indicate concern at the strength...

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The European-American Chamber of Commerce in New York is delighted to announce that as of September, Eric Fort will succeed Bob Calmes as head of Arendt & Medernach's New York office. Having successfully worked with institutional and private clients operating in Luxembourg, Eric brings a wealth of experience to Arendt & Medernach's US office where A&M aim is to continue to provide tailored advice for their clients in this market. To welcome him to the office, Arendt & Medernach is...

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By Donald C. Dowling, Jr. | Littler Multinationals inevitably vary their employee compensation packages—their pay rates, employee incentives, bonus plans, benefits offerings—by country of employment. It is pointless to inquire into some multinational’s entry-level total compensation package for its managers, engineers, in-house lawyers, computer techs, punch-press operators, cashiers, secretaries, truck drivers or fry cooks without specifying their place of employment. Compensation packages for otherwise-similarly-situated staff inevitably run higher in (for example) Canada, Japan and Norway than in (say) Croatia, Jamaica and Nicaragua....

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Authors: Marifrances Morrison (Raleigh), Whitney Brownlow (Raleigh), Sarah J. Hawk (Raleigh)Published Date: September 5, 2017 On September 5, 2017, Attorney General Jeff Sessions announced the rescission of the Deferred Action for Childhood Arrivals (DACA) and the Department of Homeland Security (DHS) issued the Memorandum on Rescission Of Deferred Action For Childhood Arrivals (DACA). DACA is a program that provides deportation relief and work authorization to certain undocumented immigrants brought to the United States as children.What is DACA?  The Deferred Action for Childhood Arrivals (DACA) program was established by the...

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Foreign investors in US partnerships had reason to celebrate last month when a major tax court decision rejected the controversial Revenue Ruling 91-32, which stipulates that gains of a non-US partner from the disposition of an interest in a partnership engaged in US trade or business is treated as a sale of partnership assets and subject to US income tax.   In Grecian Magnesite Mining, Industrial & Shipping Co. SA v. Commissioner, the court ruled that treating the gains as “ECI” (income effectively...

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