Adoption looks likely over the next 12 months after the EU ministers agreed their position on the proposals The basis of the potentially far-reaching Platform Workers Directive (PWD) was agreed at European Union ministerial level in June 2023. The legislation is likely to be adopted soon. It will apply to gig workers but will also affect UK and US-based companies using or supplying contract workers on a volume basis.  It increasingly looks like the PWD will be adopted later this year...

Read more

"We are delighted to announce that Lieutenant Colonel Kurt Sanger, previously Deputy General Counsel of U.S. Cyber Command, has joined DeMarco Law. At Cyber Command, and over twenty years as an attorney with the U.S. Marine Corps, Kurt handled numerous high profile cyber incidents, developed cybersecurity policies to protect operational and critical infrastructure, and addressed multiple sensitive information technology and data privacy law and policy issues. He will add great value to the Firm and our Clients in these...

Read more

To attract high-skilled foreign workers, Canada launched a special work permit program targeting H-1B visa holders in the United States, particularly nationals of India and China. The Tech Talent Strategy, introduced by Minister of Immigration, Refugees, and Citizenship Sean Fraser, aims to offer new opportunities for skilled professionals seeking career growth and stability. The program’s 10,000-application quota was reached in two days, highlighting the growing appeal of Canada as a destination for top global talent, including those experiencing challenges...

Read more

In this News Update we discuss a consultation on the Credit Registration System Act; a revision of PSD2; and the AFM notice for non-compliance with remuneration rules. We further highlight some other financial regulatory publications issued since our last News Update. Consultation on the Credit Registration System Act On 21 June 2023, the Minister of Finance published the Credit Registration System Act (Wet stelsel kredietregistratie) and the accompanying Explanatory Memorandum for consultation. Market participants have until 3 September 2023 to give their...

Read more

In this week’s Roar: words of caution for supply chains, decent retail numbers, a normal ocean marketplace, declining truck tonnage, and a possible step back for port labor. The industry is getting a warning that supply chains are in the crosshairs of another upheaval, with the threat of a UPS strike and the possibility of Yellow going bankrupt. If both of those things happen, the results to the supply chain and the economy could be troublesome. Logistics professionals are being urged...

Read more

Ongoing market disruptions are changing the private equity (PE) landscape. Winning firms are increasingly relying on the outside‑in due diligence (OIDD) approach to help identify opportunities, mitigate risks, and increase returns—all of it with minimal up-front investment. According to the AlixPartners 8th Annual PE Leadership Survey, about half of industry leaders now expect deals to be fewer, take longer, and be harder to exit. The Objectives of OIDD OIDD provides rapid insights to (1) help PE firms mitigate risk and optimize the...

Read more

On Tuesday, July 25, 2023, U.S. Citizenship and Immigration Services (USCIS) will be issuing a new version of Form I-9, Employment Eligibility Verification. Form I-9 with a version date of (Rev. 08/01/23) will be available for use beginning August 1, 2023. The prior version of Form I-9 (Rev. 10/21/19) continues to be effective through October 31, 2023. Starting on August 1, 2023, employers may download the new Form I-9 (Rev. 08/01/23) from the USCIS website at www.uscis.gov/i-9. Beginning November...

Read more

Earlier this week, member countries’ representatives (Coreper) met in Brussels. On the agenda was the Cyber Resilience Act vote in the Council, which occurred on 19 July.  Member states have now agreed on a common position regarding the Cyber Resilience Act, which aims to establish cybersecurity requirements for products with digital components before they enter the market. The proposed legislation seeks to ensure that connected devices like home cameras, smart fridges, TVs, and toys are safe and protected against cyber threats in the EU. The idea for...

Read more

The European Banking Authority published a report on money laundering and terrorist financing risks associated with EU payment institutions. The report finds that these risks may not be assessed and managed effectively by stakeholders. On 16 June 2023, the European Banking Authority (“EBA”) published a report on money laundering and terrorist financing risks associated with EU payment institutions. The report finds that these risks may not be assessed and managed effectively by stakeholders. 1. Background The EBA carried out an assessment of...

Read more

The Data Privacy Framework (DPF) replaces the invalidated EU-U.S. Privacy Shield. Under the EU General Data Protection Regulation (GDPR), personal data can be transferred from the EU to the United States only if an approved data transfer mechanism has been implemented. The DPF offers multinational employers a streamlined mechanism for transferring the personal data of EU personnel from subsidiaries in the EU to the parent corporation and its subsidiaries and affiliates in the United States. The DPF alleviates the...

Read more