Chapter News

Special Address by President von der Leyen at the World Economic Forum

"Check against delivery" Ladies and Gentlemen, Lieber Klaus, Dear Olena, For almost one year now, Ukraine has stunned the world. On that fateful February morning, many predicted that Kyiv would fall in a matter of days. But this did not account for the morale and physical courage of Ukrainian people. You have resisted the Russian invasion and pushed back against the aggressor against all odds. Not even Russia's relentless attacks on civilians or the spectre of a brutal winter have shaken your resolve....

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Member News

IPTI | Update on U.S. & EU Property Tax Issues: January 2023

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). United States  Lower Commercial Property Taxes: One Benefit of a Rocky Market Lower commercial property taxes are a silver lining in an otherwise rocky market. The commercial real estate market...

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Chapter News

BIS | Governors and Heads of Supervision endorse global bank prudential standard for cryptoassets and work programme of Basel Committee

The Basel Committee's oversight body endorses a global prudential standard for banks' exposures to cryptoassets, for implementation by 1 January 2025. Endorses the Committee's work programme and strategic priorities for 2023–24. The programme prioritises work on emerging risks and vulnerabilities, digitalisation, climate-related financial risks and Basel III implementation. The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 16 December to endorse a finalised prudential standard...

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Chapter News

ECB | Philip R. Lane: Interview with Financial Times

Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Martin Wolf on 12 January 2023 | 17 January 2023 | From your perspective, how much do you see the big rise in inflation as having been due to a supply shock or a demand shock, globally and also within the eurozone? The way to think about the last two years is that this supply versus demand question has to be addressed at a sectoral level. We...

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Member News

Littler | Answers to FAQs on Using Employers of Record for 16 European Countries

The past two years created a significant shift in working conditions, and with that, a new avenue of employment arrangements. The normalization of flexible working paired with talent scarcity created an ideal environment for its rise. To help set up a global workforce, many service providers—referred to as Employers of Record (EORs)—are offering to hire talent across borders for companies. They take care of labor and employment laws, social security, and tax in each desired country. Choosing from different EOR...

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Brexit News, Member News

Vulcan Insight | EU and UK strike a deal on trade data in sign of improved relations

Some progress was made in EU-UK relations this week as both sides came to an agreement on EU access to UK IT systems governing the movement of goods from Great Britain to Northern Ireland. Many have welcomed the move as a significant development in ongoing talks over the Northern Ireland Protocol and has provided some hope that further progress can be made ahead of the 25th anniversary of the Good Friday Peace Agreement in April. The agreement was announced following a...

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Chapter News

Foreign Subsidies Regulation: rules to ensure fair and open EU markets enter into force

Today, the Foreign Subsidies Regulation (‘FSR') enters into force. This new set of rules for addressing distortions caused by foreign subsidies will allow the EU to remain open to trade and investment, while ensuring a level playing field for all companies operating in the Single Market. The Regulation was proposed by the Commission in May 2021 and agreed by the European Parliament and the Council in record-time, in June 2022. The new rules on distortive foreign subsidies The FSR applies to...

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Member News

Dear Littler: How should employers revise their releases, separation agreements, and settlement agreements in light of the Speak Out Act?

Dear Littler: Considering the recent passage of the federal Speak Out Act limiting the use of pre-dispute nondisclosure and non-disparagement clauses involving sexual assault and sexual harassment claims, what impact will this have on our template releases, separation agreements, and litigation settlement agreements? How do you recommend we revise those documents? —Revising Releases Dear Revising, This is a great question, and one that employers across the country are dealing with after President Biden signed the Speak Out Act last week. The statute...

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Chapter News

ECB | Croatia adopts the euro

Prepared by Matteo Falagiarda and Christine Gartner Published as part of the ECB Economic Bulletin, Issue 8/2022. On 1 January 2023 Croatia adopted the euro and became the 20th member of the euro area. The assessments set out in the 2022 convergence reports of the European Commission and the European Central Bank paved the way for the first enlargement of the euro area since Lithuania joined in 2015. On 12 July 2022 the Council of the European Union formally approved Croatia’s accession...

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Chapter News

First cooperation and monitoring cycle to reach EU 2030 Digital Decade targets kicks off

The Digital Decade policy programme 2030, a monitoring and cooperation mechanism to achieve common targets for Europe's digital transformation by 2030, has entered into force. For the first time, the European Parliament, Member States and the Commission have jointly set concrete objectives and targets in the four key areas of digital skills, infrastructure including connectivity, the digitalisation of businesses, and online public services, in respect of the Declaration on European Digital Rights and Principles. The objectives and targets are accompanied...

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