COVID-19 News, Member News

Troutman Pepper | COVID-19 Resource Guide for Human Resources Professionals: Employers Must Notify Workers About New COBRA Continuation Coverage Rights by May 31

Who Needs to Know U.S. employers, particularly HR personnel. Why It Matters The May 31 deadline to notify workers about new COBRA continuation coverage rights is rapidly approaching. Many employers still have questions about who should receive this notice. This alert provides a step-by-step guide to help answer this question. By now you’re aware that the American Rescue Plan Act (ARPA), signed into law by President Biden on March 11, provides a six-month COBRA subsidy for individuals who lose health coverage due to...

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Chapter News, COVID-19 News

Coronavirus: EU Commission proposes EU Strategy for the development and availability of therapeutics

The European Commission is today complementing the successful EU Vaccines Strategy with a strategy on COVID-19 therapeutics to support the development and availability of much-needed COVID-19 therapeutics, including for the treatment of ‘long COVID'. Today's Strategy covers the full lifecycle of medicines: from research, development and manufacturing to procurement and deployment. It is part of the strong European Health Union, in which all EU countries prepare and respond together to health crises and ensure the availability of affordable and innovative medical supplies – including...

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Chapter News, COVID-19 News

Coronavirus: EU Commission mobilises €123 million for research and innovation to combat the threat of variants

The EU Commission is mobilising €123 million from Horizon Europe, the new EU research and innovation programme, for urgent research into coronavirus variants. This first emergency funding under Horizon Europe adds to a range of EU-funded research and innovation actions to fight the coronavirus and contributes to the Commission's overall action to prevent, mitigate and respond to the impact of coronavirus variants, in line with the new European bio-defence preparedness plan HERA Incubator. Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth,...

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Chapter News, COVID-19 News

“COVID-19 shows why united action is needed for more robust international health architecture”

Op-ed article by President Charles Michel, WHO Director General Dr Tedros Adhanom Ghebreyesus and more than 20 world leaders | The COVID-19 pandemic is the biggest challenge to the global community since the 1940s. At that time, following the devastation of two world wars, political leaders came together to forge the multilateral system. The aims were clear: to bring countries together, to dispel the temptations of isolationism and nationalism, and to address the challenges that could only be achieved together...

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COVID-19 News, Member News

MJV | Cybersecurity: how to reduce cyber attack risks in the home office era

The outlook we had previously was that companies in the financial and insurance sectors were the champs in suffering from cyber attacks, naturally because they have plenty of valuable resources: data. However, that is changing. Unfortunately, we see companies of all sectors suffering from these attacks. This is because data is everywhere. And it's worth more than oil. What the most problematic element of Cybersecurity? The ever-changing nature of risks. Therefore, measures to add new layers of security to operations and...

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COVID-19 News, Member News

Marks Paneth | Planning Considerations to Maximize the Benefit of Employee Retention Credits

The Employee Retention Credit (ERC), first introduced in the CARES Act, is a refundable payroll tax credit that essentially represents an elimination of the employer’s 6.2% FICA tax on at least a portion of an employees’ wages and a government subsidy for the remaining amount of the credit. It was set to expire on June 30, 2021, but the recently signed American Rescue Plan Act has extended the ERC through all four quarters of 2021, which can provide significant...

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COVID-19 News, Member News

RSM | Transfer pricing in COVID times – an interim report

A year on since the catastrophic spread of COVID-19 dramatically impacted the lives and businesses of people around the world, the effects continue to be felt. Over the course of 2020, global middle market companies were required to reset supply chains, review the effectiveness of their group structures, and re-evaluate the transfer pricing implications of transactions for intra-group goods and services. This has been paired with increased reporting requirements both globally and locally, and an ongoing revenue authority focus...

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Chapter News, COVID-19 News

EU Commission strengthens transparency and authorisation mechanism for exports of COVID-19 vaccines

Today, the European Commission has introduced the principles of reciprocity and proportionality as new criteria to be considered for authorising exports under the transparency and authorisation mechanism for COVID-19 vaccine exports. This system has significantly improved the transparency of exports. Nevertheless, the objective to ensure timely access to COVID-19 vaccines for EU citizens is still not met. President of the European Commission, Ursula von der Leyen, said: “The EU is proud to be the home of vaccine producers who not only deliver...

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COVID-19 News, Member News

CEA Legal | The Restaurant Revitalization Fund Eligibility and Next Steps

In the gigantic $1.9 trillion American Rescue Plan Act signed by President Biden last week, $28.6 Billion have been allocated to the Restaurant Revitalization Fund (RRV), a tax-free grant program that will be administered by the Small Business Administration (SBA) to save the hospitality industry. Eligible restaurants and other food service and drinking establishments will not be required to pay back the funds received as long as used for qualifying expenses incurred from 02/15/2020 through 12/31/2021, such as payroll and...

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Chapter News, COVID-19 News

Coronavirus: EU Commission proposes a Digital Green Certificate

Today the European Commission is proposing to create a Digital Green Certificate to facilitate safe free movement inside the EU during the COVID-19 pandemic. The Digital Green Certificate will be a proof that a person has been vaccinated against COVID-19, received a negative test result or recovered from COVID-19. It will be available, free of charge, in digital or paper format. It will include a QR code to ensure security and authenticity of the certificate. The Commission will build a gateway...

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