Member News

IPTI | Update on U.S. & EU Property Tax Issues: April 2022

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 New York: Empty offices aren’t all coming back, but the space can still be a hub for innovation Throughout all its eras, New York City has thrived mainly...

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Chapter News

Intellectual property: EU Commission boosts protection of European craft and industrial products in the EU and beyond

Today, the Commission has proposed a first-ever framework to protect the intellectual property for craft and industrial products that rely on the originality and authenticity of traditional practices from their regions. This framework will cover products such as Murano glass, Donegal tweed, Porcelaine de Limoges, Solingen cutlery and Boleslawiec pottery. While these products benefit from a European and sometimes global reputation and standing, producers have so far lacked an EU indication protection linking their products' origin and reputation to...

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Chapter News

IMF | The Right Labor Market Policies Can Ease the Green Jobs Transition

Measures include job training, tax credits for lower-income workers, green infrastructure and R&D investment push, and a carbon tax. Consensus on the need to build a greener economy often founders on concern over potential job losses. It’s one thing to agree that a transition away from fossil fuels is needed. But how easily can a coal miner, say, shift to a job installing solar panels? The answer shouldn’t be a surprise: for some workers, the change will be difficult. But there...

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Member News

Troutman Pepper | LIBOR Act Addresses Transition of USD LIBOR in Contracts Without Replacement Mechanisms

The Consolidated Appropriations Act of 2022 (Omnibus Spending Bill), signed by President Biden on March 15, contains, among other initiatives, the Adjustable Interest Rate (LIBOR) Act. The LIBOR Act solves the legal uncertainty regarding how “Tough Legacy” contracts — contracts that reference the London Interbank Offered Rate (LIBOR) as a benchmark rate and that do not contain either a specified replacement rate or a replacement mechanism — should be treated after USD LIBOR ceases publication on June 30, 2023. Congress...

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Member News

Houthoff | Data Protection & Cybersecurity: Developments at national and EU level

The GDPR's entry into force in May 2018 has not marked the end for new data protection and cybersecurity initiatives. On the contrary, new laws and regulations at national and EU level continue to be introduced. The European Commission has recently adopted its 'Strategy for Data', which aims to propose new legislation, the latest being the Data Act and Data Governance Act. The EU's focus seems to have gotten broader than just 'personal data' as it focuses on data in...

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Chapter News, Trade & TTIP Related

IMF | Global Trade Needs More Supply Diversity, Not Less

Countries with trade partners that implemented more stringent lockdowns had a sharper drop in imports. Though trade flows have adjusted, more diversified global value chains could help lessen the impact of future shocks. The demand and supply shocks unleashed by the pandemic were expected to lead to a dramatic collapse in trade, but international commerce has proven more resilient than during previous global crises. While goods trade fell sharply in the second quarter of 2020, it bounced back to pre-pandemic levels...

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Member News

NautaDutilh NY | Celebrating women in leadership

Meet our women in leadership at NautaDutilh New York! We are pleased to announce our first ever three women partner leadership team at NautaDutilh NY, with the arrival of our newly appointed partner, Marieke Faber. This is the first time in the history of our New York office that we have three women partners leading the charge! “Gender equity is a priority for our corporate social responsibility goals. This new trio in New York is a proud moment and symbol of...

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Member News

GDLSK | CBP announces issuance of “Known Importer Letters” under UFLPA

On April 12, 2022, U.S. Customs and Border Protection (CBP) posted an announcement of its intention to issue “Known Importer Letters” in advance of the June 21st effective date of the rebuttable presumption under the Uyghur Forced Labor Prevention Act (UFLPA). Under the UFLPA, CBP will presume that goods were imported in violation of the forced labor statute if they were mined, produced, or manufactured wholly or in part in China’s Xinjiang Uyghur Autonomous Region (“XUAR”) or by an entity...

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Chapter News

FTC charges battery maker in first case under Made in USA Labeling Rule

For people who prefer to buy Made in USA merchandise, products from Lithionics Battery LLC seemed like an attractive option. According to the FTC, Lithionics and General Manager Steven Tartaglia used phrases and American flag images to convey a Made in USA marketing message for their battery, battery module, and battery management system products. But don’t wave Old Glory just yet. As the FTC’s first action under the new Made in USA Labeling Rule alleges, the lithium ion cells...

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Member News

FTI Consulting | Taming Inflation? Consider the Tradeoffs

Central bankers face some difficult choices when deciding how to wrangle rising costs. For the past four decades, Americans have enjoyed consistent inflation that has hovered near the Federal Reserve’s target of 2%. Now a combination of factors is upsetting the status quo. In February, the key U.S. inflation measure, the Consumer Price Index (“CPI”), showed that prices for goods and services rose 7.9% compared to a year ago, the highest level since January 1982. On a monthly basis, prices for...

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