13 Jul
Chapter News

FTC | Crypto platform Celsius feels the heat from FTC lawsuit alleging unfair and deceptive practices

When it comes to law enforcement action against unlawful conduct in the cryptocurrency marketplace, the temperature is rising, according to a proposed FTC settlement with crypto platform Celsius Network and a pending complaint against its former corporate officers. The make-no-mistake message for others in the industry: Don’t believe that “wild west” talk. Your sector may be novel, but established FTC consumer protection standards apply to you with full force. New Jersey-based Celsius Network marketed a broad range of cryptocurrency products and...

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12 Jul
Chapter News

FTC | Share your perspectives on the Health Breach Notification Rule

Ask people about the records they consider the most private and they may say personal health data. (If they misunderstand the question, they may mention disco singles they bought in junior high – but perhaps that’s just us.) Of course, say “health privacy” and many people think of HIPAA – the Health Insurance Portability and Accountability Act. Did you know that some entities that hold or interact with consumers’ personal health records aren’t subject to HIPAA? But they may...

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12 Jul
Member News

Cozen O’Connor | EU Adopts the EU-U.S. Data Privacy Framework

The European Union (EU) announced on July 10 that it had formally adopted the adequacy decision for the EU-U.S. Data Privacy Framework, which goes into effect on July 11. U.S. organizations have been without a self-certification mechanism to allow for the legal transfer of personal data from the EU to the U.S. since the Schrems II decision by the European Court of Justice (ECJ) striking down the EU-U.S. Privacy Shield Program in July 2020. The new EU-U.S. Data Privacy Framework puts...

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12 Jul
Member News

CLA | ESG and Tax: An Opportunity to Leverage Tax Credits, Increase Transparency

Key insights By leveraging clean energy tax credits, companies can proactively align their tax strategies with their ESG objectives. Clean energy credits can generate cash tax savings to help finance capital investments. Integrating ESG principles and transparent tax practices can help you build trust with stakeholders and attract socially conscious investors and customers. Proactively disclosing tax-related information can help your organization adhere to regulatory requirements and leverage transparency as a strategic tool. The business landscape has evolved with an increased...

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11 Jul
Member News

EXEO Attorneys | Immigration U.S. & Canada, July 2023

The monthly newsletter gives you an overview of recent notable changes in Canadian and American immigration. Here is an overview of the most recent news as of July 3, 2023. CANADA Addition of 13 new countries to the Electronic Travel Authorization (eTA) program With the intention of fostering cultural exchanges and promoting tourism, the Minister of Immigration, Refugees and Citizenship, Sean Fraser, announced on June 6 that travelers from these countries who have had a Canadian visa within the past 10 years...

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11 Jul
Member News

Belvoir Wealth Management AG | Welcome to our little Swiss Dish – a Swiss market update

Welcome to our little Swiss Dish. Where we highlight several interesting news stories in Switzerland in a cheesy way. Chef’s choice: Summer is here and people are eager to be outside with their friends, enjoying their favorite beverage, singing and dancing to the music playing by the bands on stage at an open air. End of June to August music connoisseurs can pick almost every weekend a festival they would like to attend. All genres are represented and spread throughout Switzerland....

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11 Jul
Chapter News

EU-U.S. Task Force on Energy Security reviews the progress on energy security situation

The EU-U.S. Task Force on Energy Security met virtually on 6 July 2023 to discuss the implementation of the 25 March 2022 Joint Statement by Presidents Biden and von der Leyen, as well as their commitment of 10 March 2023 to continue to work together to advance energy security and sustainability in Europe. The meeting was co-chaired by Ditte Juul Jørgensen, Director-General for Energy at the European Commission, and Sarah Ladislaw, Special Assistant to the President and Senior Director...

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11 Jul
Chapter News

Data Protection: European Commission adopts new adequacy decision for safe and trusted EU-US data flows

On 10 July 2023, the European Commission adopted its adequacy decision for the EU-U.S. Data Privacy Framework. The decision concludes that the United States ensures an adequate level of protection – comparable to that of the European Union – for personal data transferred from the EU to US companies under the new framework. On the basis of the new adequacy decision, personal data can flow safely from the EU to US companies participating in the Framework, without having to...

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10 Jul
Member News

WSGR | The Final Countdown: Designation of Digital Platforms Under the EU’s Digital Markets Act Formally Underway

Midnight on July 3, 2023, heralded the deadline for potential gatekeepers to notify the European Commission (EC) as to whether they meet the thresholds for gatekeepers set out in Article 3 of the Digital Markets Act (DMA). By the morning of the U.S.’s Independence Day, five U.S. companies and two Asian companies—but no European—had submitted their notifications: Alphabet, Amazon, Apple, Meta, Microsoft, ByteDance, and Samsung. Booking.com, a European travel booking platform, stated that the impact of COVID-19 meant it did...

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10 Jul
Chapter News

Eurobarometer: Europeans show strong support for the EU energy policy and for EU’s response to Russia’s invasion of Ukraine and more optimism regarding economy

The latest Standard Eurobarometer survey conducted in June 2023 and published today shows that EU citizens continue to back overwhelmingly the energy transition and to expect massive investment in renewables. They continue to widely approve measures taken by the EU to support Ukraine and the Ukrainian people. They also support stronger EU defence cooperation and increased defence spending. While inflation remains a major concern, perceptions of the economic situation and economic expectations are improving. A majority of Europeans believe that NextGenerationEU,...

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