Member News

Greenberg Traurig | H-1B Cap Registration Period Now Open

The registration period for the fiscal year (FY) 2025 H-1B cap petitions opened at noon ET March 6, 2024, and will continue to run through noon ET March 22, 2024. Employers seeking to file an H-1B cap-subject petition must electronically register during this period using a U.S. Citizenship and Immigration Services (USCIS) online account. The registration process includes basic information about the prospective petitioner and each beneficiary along with a $10 registration fee for each beneficiary. The registration process...

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Member News

Arendt | Impact of the Luxembourg Pillar 2 Rules on 2023 Annual and Consolidated Accounts

In February and March 2024, the Luxembourg Accounting Standards Board (CNC) published two Q&As_ (No. 24/031 and No. 24/032) that provide useful guidance on how the law of 22 December 2023_ implementing Council Directive (EU) 2022/2523_ of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union (Pillar 2 Law) will impact financial disclosures and the disclosure of deferred tax expenses in the notes to the financial statements of in-scope Luxembourg entities and...

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Member News

Stradley Ronon | DOJ’s Pilot Whistleblower Program: What Does It Mean for Businesses?

Deputy Attorney General Lisa Monaco announced on March 7 that the U.S. Department of Justice (DOJ) will launch a pilot whistleblower program that will offer financial incentives for individuals to report allegations of criminal wrongdoing to the DOJ. The program will be launched later this year following a 90-day process to develop and implement the pilot. The new initiative will expand upon the DOJ’s recent efforts to incentivize voluntary self-disclosure and will create a counterpart program to those already...

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Chapter News

Commission Sets Out Key Steps for Managing Climate Risks to Protect People and Prosperity

The European Commission has published a Communication on managing climate risks in Europe on March 13th. It sets out how the EU and its Member States can better anticipate, understand, and address growing climate risks. It further presents how they can prepare and implement policies that save lives, cut costs, and protect prosperity across the EU. The Communication responds to the first ever European Climate Risk Assessment (EUCRA), a scientific report by the European Environment Agency. Together, they are a...

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Member News

Reavis Page Jump LLP Recognized as One of Nation’s Best Law Firms

Every year, “Best Lawyers,” a peer reviewed legal publication, selects who they deem to be the best lawyers and the best law firms in the United States on the basis of carefully selected criteria. Of course, we know that all of our lawyers are the “best lawyers,” and we are fortunate to be working with and continually learning from each other. We take this opportunity to recognize our excellent and committed support staff, without whom the firm could not...

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Member News

Gide | Artificial Intelligence, European legislation and legal issues

EACCNY Member Gide Loyrette Nouel is pleased to present an analysis of "Artificial Intelligence, European legislation and legal issues", which aims to introduce the European legislation currently being adopted (AI ACT in the version approved on 2 February 2024), but also to examine the legal issues of AI across 10 sectors of activity. Author: Thierry Bonneau - Senior Counsel, Gide Loyrette Nouel  The genesis of the notion of artificial intelligence ("AI") is a subject of debate. Some trace it back to...

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Member News

Cushman Wakefield | Vested Relationships: A Better Way to Outsource CRE

In today’s complex business environment, establishing trustful and transparent relationships between buyers and suppliers has become crucial for strategic success. Kate Vitasek, a renowned authority in collaborative business relationships, and Bryan Jacobs, for this episode of The Team Around the Table, explored the power of “vested outsourcing” – a methodology that fosters win-win scenarios in contractual agreements, enabling buyers and suppliers to achieve strategic outcomes together through shared values and goals. Vested Relationships: Five Lessons Learned Shift from Transactional to Relational Outsourcing: Getting...

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Chapter News

OECD | Governments and Firms Need to Address the Key Risks from a Sharp Increase in Global Bond Borrowing

At the end of 2023, the total volume of sovereign and corporate bond debt stood at almost USD 100 trillion, similar in size to global GDP, says a new OECD report. The first OECD Global Debt Report 2024: Bond Markets in a High-Debt Environment released today shows the low interest rate environment post-2008 opened bond markets to a wider range of issuers, including lower rated governments and companies, expanding the riskier market segments and contributing to the rapid growth of the sustainable...

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Chapter News

European Council | Statement of the Eurogroup in Inclusive Format on the Future of Capital Markets Union

Open, well-functioning, and integrated European capital markets are crucial to promote the single market and to attract the necessary investments, and thereby to boost the EU’s global competitiveness, innovation, sustainable growth, and job creation. It will provide better funding possibilities for growing companies, including small and medium-sized companies, and give EU citizens the opportunity to invest their savings more productively in Europe. Deep and liquid capital markets that can allocate capital efficiently and allow for cross-border private risk-sharing constitute, together...

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Member News

Offit Kurman | Lost in Translation: Blunders in International Estate Planning #3

Welcome to “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. Zach Weitz is our guest author for this blog article.   Blunder No. 3: Forgetting to File International Forms There are many penalties imposed by the Internal Revenue Service (“IRS”). For example, the penalty for failing to file a tax return is 5% of the unpaid tax per month. The penalty for failure to file...

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