08 Jul
Member News

AEMCarnelutti: Italian data protection authority recent fine for failure to comply with Pre-GDPR regime

The Italian Data Protection Authority (“Garante per la protezione dei dati personali” or “Garante”) recently announced that it levied a €600,000 fine on an Italian major banking institution for several violations of the Italian Personal Data Protection Code in its pre-General Data Protection Regulation (“GDPR”) form. The sanction was imposed following a data breach that took place between April 2016 and July 2017 that the banking institution notified to the Garante at the end of July 2017. As a result of the breach,...

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08 Jul
Chapter News

Powering a climate-neutral economy: Commission sets out plans for the energy system of the future and clean hydrogen

To become climate-neutral by 2050, Europe needs to transform its energy system, which accounts for 75% of the EU's greenhouse gas emissions.  The EU strategies for energy system integration and hydrogen, adopted today, will pave the way towards a more efficient and interconnected energy sector, driven by the twin goals of a cleaner planet and a stronger economy. The two strategies present a new clean energy investment agenda, in line with the Commission's Next Generation EU recovery package and the European Green Deal....

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08 Jul
Member News, Trade & TTIP Related

GDLSK: Possible additional retaliatory tariffs on products from the European Union in connection with the U.S. enforcement of WTO rights in large civil aircraft dispute

The Office of the United States Trade Representative (“USTR”) is considering a modification to the list of products from the European Union (“EU”) and United Kingdom (“UK”) subject to Section 301 tariffs and an increase of the additional duties up to 100%. The tariffs were initially imposed on October 18, 2019 in response to a World Trade Organization (“WTO”) ruling that the U.S. may levy up to $7.5 billion annually in countermeasures for EU subsidies provided to aircraft manufacturer...

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08 Jul
Member News

Announcing RPJ’s Newest Partners Ethan Krasnoo and Jill Kahn Marshall

It is with great pride and excitement that we announce the promotion of two of RPJ's attorneys, Ethan Krasnoo and Jill Kahn Marshall, to Partner. Both are exceptional members of the RPJ team, and we congratulate them on their incredible work and accomplishments! Jill Kahn Marshall, previously an Associate with the firm, represents individuals and corporations in the areas of employment law, litigation and dispute resolution and healthcare. Ms. Marshall represents individuals in the negotiation of employment and separation agreements, as well as claims...

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08 Jul
Chapter News

Teleworking is Not Working for the Poor, the Young, and the Women

The COVID-19 pandemic is devastating labor markets across the world. Tens of millions of workers lost their jobs, millions more out of the labor force altogether, and many occupations face an uncertain future. Social distancing measures threaten jobs requiring physical presence at the workplace or face-to-face interactions. Those unable to work remotely, unless deemed essential, face a significantly higher risk of reductions in hours or pay, temporary furloughs, or permanent layoffs. What types of jobs and workers are most at...

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08 Jul
Member News

Stibbe: COVID-19 Update and Guidelines published on the Dutch implementation of DAC6

The EU Mandatory Disclosure Directive (“DAC6”), introducing a reporting requirement for intermediaries and/or taxpayers of certain cross-border arrangements that are perceived to be aggressive, is effective as of 1 July in the Netherlands. By his letter of 26 June 2020, the Dutch State Secretary of Finance granted deferral of the Dutch reporting deadlines until 1 January 2021. The same week, the Dutch State Secretary of Finance published its Guidelines on reportable cross-border arrangements by a Decree dated 24 June...

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07 Jul
Member News

BBGFX: July 2020 FX Outlook

Many major and emerging central banks took action in June, but outside of possible technical adjustments will continue with the current supportive stance in July.  The policy focus will shift back to fiscal initiatives.  The highlights will be the EU Summit on July 12, which is considering the EC's 750 bln euro package of grants and loans, and the US decision regarding the $600 a week extra unemployment insurance (expiring at the end of July) and another large budget...

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07 Jul
Chapter News

EACCNY #COVID19 Impact Stories from Our Members – Enterprise Estonia

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring James S. York, Director of US Business & Innovation, Enterprise Estonia a Member of the EACCNY. The questions we asked our members for this series are: 1) What are some challenges you, personally...

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07 Jul
Chapter News

Protecting European Consumers: follow-up action on dangerous product alerts increased significantly in 2019

Today, the European Commission published its latest report on the Commission's system to prevent or restrict the selling of dangerous products on the market, the so-called ‘Rapid Alert System'. The report shows that the number of actions taken by authorities following an alert is growing year on year, reaching 4,477 in 2019 compared to 4050 in 2018. Didier Reynders, Commissioner for Justice, said: “The Rapid Alert System is available 24 hours, 7 days a week, keeping information flowing and our single market safe. As...

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07 Jul
Chapter News

Summer 2020 Economic Forecast: An even deeper recession with wider divergences

The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. Because the lifting of lockdown measures is proceeding at a more gradual pace than assumed in our Spring Forecast, the impact on economic activity in 2020 will be more significant than anticipated. The Summer 2020 Economic Forecast projects that the euro area economy will contract by 8.7% in 2020 and grow by 6.1% in...

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