Chapter News

EU-U.S. Privacy Shield: First review shows it works but implementation can be improved

Today the European Commission publishes its first annual report on the functioning of the EU- U.S. Privacy Shield, the aim of which is to protect the personal data of anyone in the EU transferred to companies in the U.S. for commercial purposes. Andrus Ansip, Commission Vice-President for the Digital Single Market, said: "The Commission stands strongly behind the Privacy Shield arrangement with the U.S. Making international data transfers sound, safe and secure benefits certified companies and European consumers and businesses, including EU...

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Member News

EU Tax Alert – October 2017

By Loyens &Loeff EU Tax Alert - October 2017. Highlights in this edition: Ecofin agrees that ‘digital economy’ companies should pay more tax in the EU New EU VAT system and quick fixes for cross-border trade CJ rules that French anti-abuse provision withholding tax exemption for dividends distributed to non-resident parent companies is not in line with the Parent-Subsidiary Directive and the freedom of establishment (Eqiom SAS) Commission orders Luxembourg to recover EUR 250 million from Amazon Commission refers Ireland...

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Member News

Florida’s Minimum Wage to Increase on January 1, 2018

By Edmund J. McKenna   | Tampa | 813 221 7263 | Ogletree Deakins Florida voters approved a constitutional amendment that created Florida’s minimum wage in November of 2004. The minimum wage applies to all employees in the state covered by the federal minimum wage. Florida law requires a new minimum wage calculation each year on September 30, based on the percentage increase in the Consumer Price Index (CPI) in the South Region for the 12-month period prior to September 1. If...

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Member News

NautaDutilh’s GDPR Series: Sensitive Data

By Heidi Waem | Brussels | +32 2 566 8450 | NautaDutilh      Jacqueline van Essen | Amsterdam | +31 20 71 71 714 | NautaDutilh      Vincent Wellens | Luxembourg | +352 26 12 29 34 | NautaDutilh This series provides more detailed insight into the General Data Protection Regulation, which was published on 4 May 2016 and must be complied with by 25 May 2018. This issue focuses on the processing of special categories of data, such as...

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Chapter News, New York Related News

NYC Delivers First-Ever City Plan to Meet the Goals of the Paris Climate Agreement

Plan identifies actions NYC will take in the next three years to accelerate emissions reductions in support of the global l.5° Celsius warming target NEW YORK—In fulfillment of Mayor de Blasio’s June executive order to adopt and commit the City to the principles of the Paris Agreement, the Mayor today, in coordination with MOS and City agencies, released 1.5°C: Aligning New York City With the Paris Climate Agreement. The plan lists actions the City will take in the next three years...

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Member News

UK economy stuck in low gear: Interest rates need to be put on hold until late 2018 to support stalling economy

By Ernst & Young With the UK economy looking set to remain stuck in low gear for the rest of this year, the Bank of England’s Monetary Policy Committee (MPC) should keep interest rates on hold until late 2018 to avoid weakening the economic outlook. Download our latest EY ITEM Club forecast. However with expectations high that interest rates may rise from 0.25% to 0.50% this November, the EY ITEM Club is urging the MPC to wait until the UK’s economic prospects...

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Member News

France’s Department of Labor Issues Guidance on New Corporate Social Responsibility Obligations

By Sophie Pelicier-Loevenbruck  | Litter Mendelson Following the introduction of new corporate social responsibility obligations for collaborative platforms towards independent workers, the French Department of Labor published guidance to clarify the scope of this responsibility. The requirements established by French law1 can be divided into two groups of rights for the independent workers: collective rights (right to strike, freedom of association) and individual rights (covering the workers' contributions for the occupational accident insurance and for vocational training). To Whom Do These Social...

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Member News

Stout Promotes Four Professionals to Managing Directors

By STOUT Stout is proud to announce that John D. Baumgartner, Emma Bienias, Len Devaney, and Joe Torzewski have been promoted to Managing Directors. Each of these professionals has shown a commitment to Stout’s core values, provide superb client service, make significant economic contributions, demonstrate strong leadership and management skills, and have solid reputations in the marketplace. John D. Baumgartner is in the Houston Dispute Consulting group. He has more than 15 years of restructuring, consulting, and corporate finance experience and...

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Member News

ICOs at the End of 2017: What We Think We Know and What We Don’t Know

By Robert Rosenblum, with contributions from Susan Gault-Brown, Greg Broome, Todd Carpenter, Amy Caiazza, John Sullivan, and Tyler Kirk. WSGR Initial coin offerings (ICOs), token pre-sales, and similar sales of blockchain-based coins and tokens are quickly becoming an important fundraising option, and an important method of attempting to seed a token-based platform with sufficient "currency" (that is, tokens) to permit the platform to function as intended. With the end of 2017 in sight, it is useful to catalog what we...

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Chapter News

Strengthening the Eurozone, EIB President urges a new push for investment and reform at IMF meetings

Today in Washington D.C., at a key debate on how to improve the functioning of the Eurozone and Europe’s economy as a whole, European Investment Bank President Werner Hoyer stressed the importance of investment in infrastructure and for a particular focus on creating the right conditions for young and innovative firms to thrive in Europe. He also said that the possibility of a new future relationship between the European Stability Mechanism and the EIB should be given “serious thought”. “Supporting...

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