08 Jan
Chapter News

OECD | A multilateral agenda for a strong, resilient, green and inclusive recovery from COVID-19

Paris, 14 November 2020 | by Pedro Sánchez, President of the Spanish Government and Angel Gurría, Secretary-General of the OECD. You may view the OECD 60th anniversary Leaders’ Commemoration Event here | On 14 December this year, we are commemorating the 60th anniversary of the signature of the Convention establishing the Organisation for Economic Co-operation and Development (OECD). The OECD succeeded the Organisation for European Economic Co-operation (OEEC), which was created in 1948 to administer American and Canadian aid under the...

Read more

07 Jan
COVID-19 News, Member News

Troutman Pepper | Additional Relief Under the Paycheck Protection Program is on Its Way

Who Needs to Know All parties interested in participating in the PPP. Why It Matters In addition to allocating $284.45 billion in new funding, this package of laws include significant clarifications and modifications to the PPP that are important to borrowers and lenders. On December 27, 2020, the President signed into law the Consolidated Appropriations Act, 2021, which included the Economic Aid to Hard-Hit Small Businesses, Non-profits, and Venues Act (the Act), the COVID-Related Tax Relief Act of 2020, and the Taxpayer Certainty...

Read more

07 Jan
Member News

Ogletree | Trump Administration Extends Visa Bans to March 31, 2021

On December 31, 2020, the Trump administration issued a presidential proclamation extending the ban of entry for certain nonimmigrant and immigrant visas as outlined in its April 22, 2020, and June 22, 2020, proclamations. The ban includes certain applications for H-1B, H-2B, J-1, and L-1 visas for persons who were not present in the United States as of the effective date of the proclamation, as well as all applications for immigrant visa holders.  The bans were set to expire on December 31,...

Read more

07 Jan
Member News

aicep | Andorra removed from Portugal’s tax haven list

The Portuguese government decided to remove Andorra from the list of countries and territories that Portugal classifies as tax havens. Andorra was removed from the list of countries and territories that Portugal classifies as tax havens at the beginning of this year, according to an order published in the country’s state journal on the last day of 2020. The Portuguese government’s decision came after it received a formal request from the Principality to revise its place on the list and was...

Read more

07 Jan
Chapter News

CFTC & ESMA sign enhanced MOU related to certain recognized central couterparties

The Commodity Futures Trading Commission (CFTC) and the European Securities and Markets Authority (ESMA) today announced the signing of a new Memorandum of Understanding (MOU) regarding cooperation and the exchange of information with respect to certain registered derivatives clearing organizations established in the United States that are central counterparties (CCPs) recognized by ESMA under the European Market Infrastructure Regulation (EMIR). Through the MOU, ESMA and the CFTC express their desire for enhanced cooperation as to the larger U.S. CCPs operating in the European Union...

Read more

07 Jan
Brexit News, Chapter News

Brexit deal: how new EU-UK relations will affect you

EU-UK relations are changing following Brexit and the deal reached at the end of 2020. Find out what this means for you. The UK left the EU on 31 January 2020. There was a transition period during which the UK remained part of the Single market and Customs Union to allow for negotiations on the future relations. Following intense negotiations, an agreement on future EU-UK relations was concluded end of December 2020. Although it will be provisionally applied, it will still...

Read more

07 Jan
Chapter News

European Innovation Council Fund: first equity investments of €178 million in breakthrough innovations

The Commission has announced today the first round of direct equity investment through the new European Innovation Council (EIC) Fund. 42 highly innovative start-ups and small and medium-sized businesses (SMEs) will together receive equity financing of around €178 million to develop and scale up breakthrough innovations in health, circular economy, advanced manufacturing and other areas. Among them, the French company CorWave is the first EU company in which the EIC Fund is investing. Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said: “Europe...

Read more

07 Jan
Chapter News, COVID-19 News

European Commission authorises second safe and effective vaccine against COVID-19

Today, the European Commission has granted a conditional marketing authorisation (CMA) for the COVID‑19 vaccine developed by Moderna, the second COVID-19 vaccine authorised in the EU. This authorisation follows a positive scientific recommendation based on a thorough assessment of the safety, effectiveness and quality of the vaccine by the European Medicines Agency (EMA) and is endorsed by the Member States. The President of the European Commission, Ursula von der Leyen, said: “We are providing more COVID-19 vaccines for Europeans. With the Moderna...

Read more

06 Jan
COVID-19 News, Member News

Steptoe | World Bank COVID-19 Emergency Financing: Seizing Opportunities While Avoiding Pitfalls

As part of its leading role in providing global relief to address the COVID-19 crisis, the World Bank has committed significant financing to its member countries to respond to the pandemic and support economic growth. Recognizing the urgent need for these resources, the World Bank is relying on emergency guidelines that relax and expedite its traditional procurement oversight. However, companies interested in bidding in World Bank-financed projects should still expect the World Bank’s standards of conduct to apply, and...

Read more

06 Jan
COVID-19 News, Member News

CLA Connect | COVID Relief Bill: Five Things to Consider Now

Key insights If you believe you may be eligible for the next round of PPP, begin preparing now. Take a fresh look at the employee retention credit: it’s been expanded. Consider whether a retroactive capture of WOTC applies to your organization. The newly passed COVID-19 relief bill is packed full of changes to 2020 economic relief legislation, new benefit options, and more. Most of our clients are asking, “Where should I begin?” The five highlights below can help you get started: 1. The Paycheck...

Read more

«‹379380381382383›»