In this week’s Roar, the featured news includes a delay with the LA-LB congestion fee, torrential rain at the port of Vancouver, new hope for the supply chain crisis, foldable shipping containers, and the FMC’s analysis of maritime data sharing. At least for now, shippers don’t have to worry about the $100 daily LA-LB congestion fee since port officials have decided to temporarily delay the charge. Based on a recent article by FreightWaves, this decision resulted from “a 26% reduction in long-dwelling...

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Previously published on JDSupra here | The Foreign Account Tax Compliance Tax Act (FATCA) became law in 2010 and is a major development in the taxation of Americans living abroad. FATCA is a tax law that requires U.S. citizens at home and outside of the United States (U.S.) to file annual reports on any foreign account holdings. FATCA is intended to prevent tax evasion by U.S. citizens and residents via the use of offshore accounts. The FATCA rules run parallel to the...

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This article is part of Portolano Cavallo’s “INFORM@Life Sciences” Newsletter. Click here to subscribe The devices known as “legacy devices” should be subject to the application of only some of the provisions and requirements set forth by the MDR, as better clarified and identified by the Medical Device Coordination Group report issued on October 21, 2021 (“MDCG 2021-25”). That report offers preliminary and non-binding guidance for stakeholders until specific guidelines are issued at a later date. Definition of legacy devices A medical device is...

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On Wednesday, the European Commission unveiled three new initiatives it views as necessary to making its European Green Deal a “reality”. Included in its proposals are new rules aimed at curbing EU-driven deforestation. Speaking in relation to these proposals Executive Vice-President of the European Commission, Frans Timmermans emphasised the need for Europe to “take responsibility to act at home as well as abroad”, adding the Commission’s deforestation regulation “answers citizens’ calls to minimise the European contribution to deforestation”. Similarly, Commissioner...

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Original Press Release Here New York (Nov. 17) – James D. Rosener was honored yesterday (Nov. 16) by the American Society of the French Legion of Honor with its 2021 Medal for Distinguished Achievement. The award ceremony was conducted at a reception held at The Links Club in Manhattan. Mr. Rosener is the President and founding member of the European American Chamber of Commerce New York . He also chairs the American Battle Monuments Foundation, serves as Director of the Chambre...

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"In September 2021, exports and imports of goods recorded nominal year-on-year growth rates of +10.3% and +17.5%, respectively," Statistics Portugal (INE) announced. The exports of goods increased 10.3% YoY, and imports rose 17.5% YoY this September. In the cumulative period from January to September 2021, Portuguese companies exported 20.1% and imported 18.1% more compared to last year. Statistics Portugal (INE) announced. “In September 2021, exports and imports of goods recorded nominal year-on-year growth rates of +10.3% and +17.5%, respectively (+16.9% and...

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On November 10, 2021, the U.S. Department of Homeland Security (DHS) reached a settlement in a landmark case, which provided structural changes for nonimmigrant H-4 and L-2 spouses seeking employment authorization. On November 12, 2021, U.S. Citizenship and Immigration Services (USCIS) issued policy guidance to address the outcome of this historic settlement agreement. USCIS has highlighted the following major policy changes: Automatic Extension of Existing Employment Authorization Documents (EAD) The new policy provides that certain H-4, E, or L-2 dependent spouses qualify for...

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NFTs: disruption or speculation? At the latest since NFTs worth more than USD 2.5 billion were traded in the first half of 2021 and numerous participants — including start-ups, large corporations, artists and sports teams and leagues — entered the extremely dynamic market, questions have arisen regarding the legal classification of NFTs. Therefore, the following overview aims to introduce the topic and its the legal aspects with a particular focus on copyright issues. Background Tokenisation of assets on a blockchain In concrete...

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November 11, 2021 | Zugerstrasse 50, 6341 Baar, Switzerland | MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion) Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions Acquisition...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES New York: NYC Property Values in Limbo Amid Market Changes? The COVID-19 pandemic has thrown New York City property valuations into a complete vortex where nothing makes sense...

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