On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced several actions focused on disrupting criminal digital finance infrastructure, including virtual currency exchanges, responsible for laundering cyberattack ransoms, and encouraging incident and ransomware payment reporting to U.S. authorities.  OFAC issued an updated advisory on potential sanctions risks associated with facilitating ransomware payments (the “Advisory”).  OFAC also added Russia-based cryptocurrency exchange Suex.io to its Specially Designated Nationals and Blocked Persons List (the “SDN List”).  This is the first cryptocurrency...

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Montpellier, October 13th, 2021: CILcare, the world leading CRO specialized in ear disorders, is pleased of nominating Aurore Marie at the position of Global Head, R&D Operations Management. In her new role, Aurore Marie will drive the support to production activities at global level and will serve as a new member of CILcare’s Board. For the past six years, Aurore Marie has served as R&D Project Manager and Senior Operations Manager at CILcare, responsible for directing and executing Sponsor’s studies...

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Companies have always employed a contingent of remote workers abroad, including expatriates on long-term assignments, home office workers sent for temporary duties or local nationals with on-the-ground expertise. But during the pandemic, remote work exploded — and there may be no going back to business as usual. For example, a recent Upwork study found that by 2025, over 36 million US citizens will be working remotely, an 87 percent increase from pre-pandemic times. Of course, most remote workers are likely to remain in...

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Note: This alert was updated on October 12, 2021, to reflect new guidance on which vaccines the U.S. government will recognize.   On September 20, 2021 the international press began to report that the U.S. government plans to ease travel restrictions for fully vaccinated visitors flying internationally into the United States beginning in November 2021. However, to date, the official U.S. government policy has not been released. What were the previous entry restrictions? Since March 2020, travellers who have been in the European...

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The OECD announced on 8 October that international agreement had been reached on its “Two Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”. The OECD/G20 Inclusive Framework, agreed to by 136 countries is the OCED’s and G20’s vision for the international tax future, and reinforces the conclusions reached in August 2021. There are two aspects (referred to as “Pillars”): Pillar One - A fairer distribution of profits and taxing rights via reallocation to...

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RavenPack announces the release of RavenPack Edge, a new AI platform that collects, reads, and analyzes billions of documents to help businesses better monitor and mitigate emerging risks. New York, September 22, 2021 — RavenPack, the leading provider of technology and insights for data-driven companies, has announced today the release of RavenPack Edge, a new AI platform that collects, reads, and analyzes billions of documents to help businesses better monitor and mitigate emerging risks. Capable of understanding content in 13...

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The 17 December 2021 deadline for EU Member States to implement the EU Whistleblowing Directive into national laws is fast approaching. Private sector organisations in the European Union with 250 or more workers (and certain public authorities) will be required to comply with the new laws from that date, though those with 50-249 workers have until 17 December 2023 to do so. Importantly, the 50-worker minimum limit is removed for financial services firms and the UK is not required to introduce...

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During his presidential campaign, President Biden committed “to build back better in rural America” by “expand broadband, or wireless broadband via 5G, to every American.” Last month, President Biden renewed his focus on “universal broadband” through the announcement of a bipartisan agreement for a large infrastructure bill that highlights broadband connectivity. Between setting the goal and realizing congressional appropriations to implement his “Build Back Better” initiative, federal (and in some situations, state) regulators have also confronted several important broadband infrastructure issues this...

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The European Commission has published a Policy Brief setting out its preliminary views on how to fit the European Green Deal’s sustainability goals into the EU competition rules. Companies keen to be green may be left in limbo by a looming clash with more far-reaching proposals from national competition authorities. More pieces of the antitrust sustainability puzzle will fall into place as soon as the ongoing review of the guidelines on horizontal cooperation is finalised. Never fear – more clarity is (almost) here? The Policy...

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As energy prices soured across the European Union to new record levels in recent months, the European Commission and EU Member States move to tackle the rising costs at the highest political level. Among some critical voices over a correlation between the Commission’s climate ambitions and the rising prices, EU Energy Commissioner Kadri Simson will present a “toolbox” of measures to respond next week. After both electricity and gas prices reached multi-year records in the past weeks, the debate over...

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