03 Feb
Brexit News, Member News

H&K Law | Brexit: Implications for Dispute Resolution

Highlights Brexit has officially arrived and brings with it changes to a number of important areas concerning cross-border litigation between the United Kingdom and European Union. This Holland & Knight alert gives an outline of the possible implications of Brexit in this field, primarily from an English law perspective and with a focus on commercial contractual matters. It is more important than ever that the points and issues discussed below are considered carefully at the negotiating and drafting stages...

Read more

03 Feb
Chapter News

How the EU wants to achieve a circular economy by 2050

Find out about the EU’s circular economy action plan and what additional measures MEPs want to reduce waste and make products more sustainable. If we keep on exploiting resources as we do now, by 2050 we would need the resources of three Earths. Finite resources and climate issues require moving from a ‘take-make-dispose’ society to a carbon-neutral, environmentally sustainable, toxic-free and fully circular economy by 2050. The current crisis highlighted weaknesses in resource and value chains, hitting SMEs and industry. A circular economy will cut...

Read more

03 Feb
Chapter News

ECB | The initial fiscal policy responses of euro area countries to the COVID-19 crisis

Euro area countries have relied extensively on fiscal policy to counter the harmful impact of the coronavirus (COVID-19) pandemic on their economies. They have implemented a broad range of measures, some with an immediate budgetary impact and others, such as liquidity measures, which, in principle, are not expected to cause an immediate deterioration in the fiscal outlook. Since all euro area countries were hit by the economic shock largely through the same channels, their fiscal responses in the early...

Read more

02 Feb
COVID-19 News, Member News

Troutman Pepper | Borrower Beware: First False Claims Act PPP Loan Fraud Settlement Signals More to Come

The Department of Justice (DOJ) entered into its first civil settlement for loan fraud involving the Paycheck Protection Program (PPP). On January 12, the U.S. Attorney’s Office for the Eastern District of California announced that Slidebelts, Inc. and its president and CEO, Brigham Taylor, agreed to pay $100,000 in damages and penalties to resolve civil fraud allegations for misrepresenting their bankruptcy to obtain a $350,000 PPP loan. In April 2020, California-based fashion accessories internet retailer Slidebelts submitted three PPP loan applications, falsely...

Read more

02 Feb
Member News

Portolano Cavallo | Combating tax evasion: The EU Commission proposal for digital platforms

This article is part of Portolano Cavallo’s monthly “INFORM@ Digital & IP” Newsletter. Click here to subscribe. | Increasing use of digital platforms to sell goods and services, according to the information available to the Commission, has led to inconsistent income reporting and significantly raised the risk of tax evasion. The Commission hopes to put in place via the Commission proposal (the “Commission Proposal” or “Proposal”) amending the directive regarding administrative cooperation in the field of taxation, also known as the DAC (Directive 2011/16/EU) a...

Read more

02 Feb
Member News

RSM | COVID-19 and Transfer Pricing: Year-end adjustments

The unprecedented economic downturn from the COVID-19 pandemic and widespread uncertainty are a few of the global themes that have characterised 2020, which are likely to continue in 2021. The impact of the global pandemic on the global economy has not only taken a toll on business and consumers but has also hit tax authorities where it hurts most - their pockets. Tax revenue collection shortfalls coupled with the implementation of emergency COVID-19 support measures have put severe strain on...

Read more

02 Feb
Member News

NautaDutilh | Covid-19 and Commercial Lease Payments: Time for a Discount?

As the world continues to battle the Covid-19 pandemic, small businesses are struggling to survive, affected by successive lockdowns. Despite significant government support, many are finding it hard to cover their fixed costs, including rent.  While some property owners have voluntarily lowered lease payments (Luxembourg City granted its tenants a rent-free period of a few months), others have been forced to accept significant discounts during the lockdown period. In two recent decisions, the Luxemburg Small Claims Court upheld (i) a lowering...

Read more

02 Feb
Chapter News

EU Commission disburses €14 billion under SURE to nine Member States

The European Commission has disbursed €14 billion to nine Member States in the fourth instalment of financial support to Member States under the SURE instrument. This is the first disbursement in 2021. As part of today's operations, Belgium has received €2 billion, Cyprus €229 million, Hungary €304 million, Latvia €72 million, Poland €4.28 billion, Slovenia €913 million, Spain €1.03 billion, Greece €728 million and Italy €4.45 billion. All nine Member States had already received financial support under SURE in...

Read more

02 Feb
Chapter News

IMF | The Pre-Pandemic Debt Landscape—and Why It Matters

Many countries entered the pandemic with elevated debt levels. Our new update of the IMF’s Global Debt Database shows that global debt—public plus private—reached $197 trillion in 2019, up by $9 trillion from the previous year. This substantial debt created challenges for countries that faced a debt surge in 2020, as economic activity collapsed and governments acted swiftly to provide support during the pandemic. Higher debt can potentially reduce the ability of governments to react to the COVID-19 crisis. Our data show that...

Read more

01 Feb
Member News

Loyens & Loeff | New collective agreement on telehomework during COVID-19 crisis published

On the 26th of January 2021 the National Labour Council (NAR) concluded a national interprofessional collective agreement on telehomework during the COVID-19 crisis, which provides a clear framework for the minimum arrangements to be made at company level. The new collective agreement applies to government-recommended or compulsory telehomework to prevent the spread of the coronavirus. The CBA is concluded for a fixed term until 31 December 2021 and is mainly aimed at forcing companies that do not yet have a...

Read more

«‹371372373374375›»