07 Jan
Member News

EXEO Attorneys | Mobility to Quebec for temporary foreign workers

This week's special bulletin provides an overview of the significant changes in Canadian immigration, with a focus on mobility to Quebec for temporary foreign workers. Occupational Wages by Interval for Quebec LMIA Applications - Effective January 1, 2022 The Ministère de l'Immigration, de la Francisation et de l'Intégration du Québec has updated its Guide des " Salaires par professions présentés par intervalles selon les quartiles au Québec " (édition 2021). This guide will be the reference tool as of January 1,...

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06 Jan
Chapter News

OECD Economic Outlook sees recovery continuing but warns of growing imbalances and risks

The global recovery is continuing but its momentum has eased and is becoming increasingly imbalanced according to the OECD’s latest Economic Outlook. The failure to ensure rapid and effective vaccination everywhere is proving costly with uncertainty remaining high due to the continued emergence of new variants of the virus. Output in most OECD countries has now surpassed where it was in late-2019 and is gradually returning to the path expected before the pandemic. However, lower-income economies, particularly ones where vaccination...

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06 Jan
Chapter News

OECD releases Pillar Two model rules for domestic implementation of 15% global minimum tax

On 20 December 2021, the OECD published detailed rules to assist in the implementation of a landmark reform to the international tax system, which will ensure Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The Pillar Two model rules provide governments a precise template for taking forward the two-pillar solution to address the tax challenges arising from digitalisation and globalisation of the economy agreed in October 2021 by 137 countries and jurisdictions under the...

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06 Jan
Member News

Wilson Sonsini | The UK’s National Security and Investment Act Now Fully in Force

The United Kingdom's National Security and Investment Act (the NSI Act) is now fully in force. First proposed in 2016, the NSI Act creates a stand-alone regime that authorizes the UK government to consider and address the national security implications of a wide variety of acquisitions, investments, and other transactions. The commencement of the NSI Act marks a new era for the UK government's approach to scrutinizing corporate transactions on national security grounds. NSI Act Framework Under the NSI Act, trigger...

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06 Jan
Member News

Jaguar Freight | Back to the Future – Will 2022 Be More of the Same?

The start of a new year is a great time to take stock of what’s happened over the past 12 months and look forward to the future. This reflection needs to include the positive and negative… so in this week’s Roar, we’re covering the best and worst of everything from the media’s surprising fascination with port congestion, the most notable supply chain management trends, businesses’ stop-gap measures to ease freight pain, predictions for further supply chain disruptions in 2022,...

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05 Jan
Member News

Orrick | UK National Security & Investment (NSI) Assessment Tool

The introduction of the UK National Security and Investment Act 2021 (the “Act”) on 4 January 2022 has brought major changes to the UK's investment screening regime. The Act introduces a mandatory notification regime for transactions in 17 “high risk” areas of the economy, which include advanced robotics, artificial intelligence, data infrastructure, energy, synthetic biology, and quantum technologies. The Act, which is far-reaching, covers non-UK targets with activities in the UK. Failure to notify and achieve clearance prior to...

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05 Jan
Member News

BBGFX | January 2022 FX Outlook

The global business and financial climate continue to be shaped by four forces as the New Year begins: Covid, elevated price pressures, the divergence of monetary policy,  and the general reduction of fiscal stimulus.   A year ago, the hope was that the vaccine would help us overcome the coronavirus, whose origin remains as mysterious as the deadly influenza a century ago. The hope now is that the Omicron mutations and T-cells in the body, rather than the vaccine per se,...

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05 Jan
Chapter News

Fair Taxation: EU Commission proposes to end the misuse of shell entities for tax purposes within the EU

The European Commission has today presented a key initiative to fight against the misuse of shell entities for improper tax purposes. December 22nd's proposal should ensure that entities in the European Union that have no or minimal economic activity are unable to benefit from any tax advantages and do not place any financial burden on taxpayers. This will also protect the level playing field for the vast majority of European businesses, who are key to the EU's recovery, and...

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05 Jan
Chapter News

Global Europe: the European Union sets out priority areas for cooperation with partner countries and regions around the world

The Commission has adopted the Multiannual Indicative Programmes (MIPs) of Global Europe setting out priority areas for cooperation with partner countries and regions around the world for 2021-27. This also includes the financial allocation for 2021-2024 (country level) and for 2021-2027 (regional level) that will support this cooperation for a total of almost €26.3 billion. The adoption of the country and regional MIPs will significantly contribute to climate actions, social inclusion and human development and migration and forced displacement...

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05 Jan
Member News

Cushman & Wakefield | Green is Good Part 2: Sustainability’s Impact on Office Investment Pricing

In Part 1 of this series, we examined the effect of sustainable strategies upon rents and leasing of U.S. office assets. Utilizing LEED-certification as an indicator, we determined that there was a noticeable premium for rents and revenue, controlling for quality, age and class of buildings. In Part 2 of this series, we examine how LEED certification impacts sale pricing. Over the past 10 years, LEED-certified office buildings made up 29.7% of total office investment sales in the U.S., comprising $357.4B...

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