Member News

Panitch Law | USPTO to Delay the Effective Date of the Non-DOCX Filing Fee

The USPTO has decided to delay the effective date of the non-DOCX surcharge fee from January 1, 2022 to January 1, 2023, giving applicants more time to adjust to filing their patent applications in DOCX format. We at PSBN will continue to keep you informed of all further developments on this topic. Read more below! https://eaccny.com/news/member-news/panitch-law-uspto-announces-docx-requirement-for-certain-patent-applications/ Compliments of Panitch Schwarze Belisario & Nadel LLP - a member of the EACCNY.

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Chapter News

ECB | Eurosystem publishes new framework for overseeing electronic payments

Framework assesses security and efficiency of electronic payments, including electronic wallets and crypto-asset-related services ECB calls for swift progress on overseeing global digital payment solutions and stablecoins Overseen companies to adhere to new principles within one year The ECB’s Governing Council has approved a new oversight framework for electronic payments following a public consultation. The framework is designed to make the current and future payments ecosystem safer and more efficient, as part of the ECB’s statutory task to promote...

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Chapter News

ECB | The case for central bank digital currencies

To continue playing its role as the anchor of the monetary system, central bank money will need to respond to evolving needs, says Executive Board member Fabio Panetta. This means that we must intensify the work on central bank digital currencies. Just as the postage stamp became less relevant with the arrival of the internet and email, so too could cash lose relevance in a digital economy. The use of cash in payments is declining as people increasingly prefer to...

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Member News

Jaguar Freight | It’s Not All Doom and Gloom

In this week’s Roar, the featured news includes a delay with the LA-LB congestion fee, torrential rain at the port of Vancouver, new hope for the supply chain crisis, foldable shipping containers, and the FMC’s analysis of maritime data sharing. At least for now, shippers don’t have to worry about the $100 daily LA-LB congestion fee since port officials have decided to temporarily delay the charge. Based on a recent article by FreightWaves, this decision resulted from “a 26% reduction in long-dwelling...

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Chapter News

FTC analysis shows COVID fraud thriving on social media platforms

With more than a century of consumer protection experience under our belt, we at the FTC know that hard times for American families can be boom times for scammers. Today’s COVID-19 pandemic is the latest crisis creating fertile ground for fraud – and scammers today have a new and powerful weapon: social media platforms. These platforms generally earn their revenue by targeting users with advertising. The more time we spend on platforms consuming content and revealing valuable personal information,...

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Chapter News

Competition: Commission outlines contribution of competition policy and its review to green and digital transition, and to a resilient Single Market

The European Commission has adopted a Communication on a competition policy fit for new challenges, which frames the important role of competition policy for Europe's path towards recovery, the green and digital transitions, and for a resilient Single Market. The Communication highlights the in-built ability of competition policy to adapt to new market circumstances, policy priorities and customer needs: for example, today, the Commission has adopted the sixth amendment of the State aid Temporary Framework to enable Member States to provide targeted support...

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Member News

IWTA | FATCA Filing: What U.S. Citizens Need to Know About Foreign Asset Reporting

Previously published on JDSupra here | The Foreign Account Tax Compliance Tax Act (FATCA) became law in 2010 and is a major development in the taxation of Americans living abroad. FATCA is a tax law that requires U.S. citizens at home and outside of the United States (U.S.) to file annual reports on any foreign account holdings. FATCA is intended to prevent tax evasion by U.S. citizens and residents via the use of offshore accounts. The FATCA rules run parallel to the...

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Member News

Portolano Cavallo | Preliminary guidance on the requirements and provisions of the MDR applicable to legacy devices

This article is part of Portolano Cavallo’s “INFORM@Life Sciences” Newsletter. Click here to subscribe The devices known as “legacy devices” should be subject to the application of only some of the provisions and requirements set forth by the MDR, as better clarified and identified by the Medical Device Coordination Group report issued on October 21, 2021 (“MDCG 2021-25”). That report offers preliminary and non-binding guidance for stakeholders until specific guidelines are issued at a later date. Definition of legacy devices A medical device is...

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Member News

Vulcan Insight | Fighting deforestation: Making the European Green Deal a reality

On Wednesday, the European Commission unveiled three new initiatives it views as necessary to making its European Green Deal a “reality”. Included in its proposals are new rules aimed at curbing EU-driven deforestation. Speaking in relation to these proposals Executive Vice-President of the European Commission, Frans Timmermans emphasised the need for Europe to “take responsibility to act at home as well as abroad”, adding the Commission’s deforestation regulation “answers citizens’ calls to minimise the European contribution to deforestation”. Similarly, Commissioner...

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Chapter News

IMF | Sharing the Gains of Automation: The Role of Fiscal Policy

Careful calibration of spending and tax policies can reduce inequality caused by automation. For many observers, automation has been responsible for both strong economic growth and rising inequality in many countries in recent decades. Automation raises productivity, but it can exacerbate inequality. This is because it replaces low-skilled workers and helps owners of capital earn bigger monopoly rents. And with the advent of next-level automation in the form of robots, the challenge is more pressing than ever. 'Fiscal policy instruments can reduce...

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