Member News

Member News

Impact of Executive Order Suspending Entry of Certain Employment-Based Nonimmigrants

Following President Trump’s Presidential Proclamation on April 22, 2020 to temporarily suspend immigrant visa processing and entry of certain immigrants into the United States, the White House has issued a new Executive Order entitled “Proclamation Suspending Entry of Aliens Who Present a Risk to the U.S. Labor Market Following the Coronavirus Outbreak”. This new order is directed at foreign nationals and their dependents who seek to obtain visas in the following classifications: H-1B and H-2B, L-1, and J-1 for participation in...

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Orrick: Foreign subsidies: The European Commission goes extraterritorial

The EU State Aid regime has long protected the EU internal market from anti-competitive subsidies granted by EU Member States. On 17 June 2020, the European Commission published a White Paper that proposes a new set of tools designed to address distortive effects in the internal market caused by subsidies granted by states outside the EU. The White Paper outlines three complementary tools, or “modules”, intended to tackle the distortive competitive effects arising from foreign subsidies. These modules would be implemented by “supervisory authorities”,...

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AlixParnters: Navigating the Economic Bottom and Re-starting Growth for Business-to-Business Companies

The economic impacts of the COVID-19 pandemic, including shelter-in-place directives and widespread business closures, have many business-to-business (B2B) companies anticipating the restart of the economy. These companies are planning to prepare to move decisively from surviving the crisis to restarting growth. To succeed in the restart, smart business leaders should be ready to rapidly reset post-pandemic offerings to reflect new customer behaviors and desires, recognizing the likely requirement that, for example, office workers will have to integrate their remote and...

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Helena Sprenger retires from Houthoff New York

After having founded and led the New York office of Houthoff for eight years, Helena has decided to retire from the law firm on July 1st. She has built the New York presence of the independent top Dutch law firm to the successful practice it is today. Alexander Kaarls will be the partner responsible for the New York office and its practice going forward. He will divide his time between the New York and Amsterdam offices of Houthoff. In addition,...

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GDLSK: FTC Seeking Comments on the Proposed Repeal of the Care Labeling rule

The Federal Trade Commission (“FTC”) issued a draft notice seeking public comment on a proposed repeal of the Care Labeling rule for Textile Wearing Apparel and Certain Piece Goods (the “Care Labeling Rule”). The notice is expected to be published in the Federal Register in the near future. The Care Labeling Rule requires manufacturers and importers of textile wearing apparel and certain piece goods to attach labels to their products disclosing the care needed for the ordinary use of the...

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Vulcan Insight: Franco-Dutch dinner date to advance MFF and recovery fund talks

Ahead of their first in-person summit since February, to be held in July in Brussels, French President Emmanuel Macron and Dutch Prime Minister Mark Rutte discussed the EU’s next multi-annual financial framework and the Commission’s proposal for a €750 billion Recovery Fund on Tuesday (23 June). As European Council President Charles Michel announced that EU Heads of State and Government would convene physically for the first time since the COVID-19 crisis, on 17-18 July, the French and Dutch leaders convened...

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Investment Plan for Europe: European Investment Bank provides BioNTech with up to €100 million for COVID-19 vaccine development and manufacturing

EIB debt instrument will support BioNTech’s global development of BNT162 for prevention of COVID-19 infection as well as scale-up of manufacturing capacity in Europe as part of the company’s global development and supply strategy The project benefits from Horizon 2020 InnovFin and the European Fund for Strategic Investments, joint instruments of the European Commission and the EIB The European Investment Bank (EIB) and BioNTech, a German immunotherapy company, concluded a €100 million debt financing agreement to support the development of...

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UBP IAS Update: Investment Outlook July 2020

The UBP Investment Advisor teams in Zurich and Geneva started working from home as of March 16th, 2020, which is consistent with our business continuity plan and necessary for the safety of our team members given the early spike in COVID-19 incidents in Switzerland. Transitioning to remote working was relatively seamless as many in our team travel regularly and have the necessary equipment to remain connected at all times. The main challenge to overcome early on was the lack of...

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LoyensLoeff: Class actions for breaches of the GDPR, something to bear in mind

Since the GDPR entered into force, there has been ample attention for regulatory enforcement and high fines. However, recent developments show an increasing number of civil claims for damages due to breaches with the GDPR, with (potential) class actions on the rise. Access the FULL report here: Class actions for breaches of the GDPR, somehting to bear in mind AUTHOR: Huib Schrama, Senior Associate Compliments of Loyens & Loeff - a member of the EACCNY.

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Portolano: COVID-19 emergency and processing of health data for scientific research purposes

The Italian version of this article was first published on Diritto 24 – Il Sole 24 Ore The health emergency due to the spread of COVID-19 has made the need to correctly manage the processing of health data for scientific research purposes even more topical. In this regard, on April 21, 2020, the European Data Protection Board (“EDPB”) adopted specific Guidelines (“Guidelines”), specifying that — although the agenda for 2020 included the publication of detailed guidelines on the processing of health data...

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