Member News | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

19 Feb

Steptoe | EU/UK Trade Post-Brexit: Rules of Origin and Their Impact on Competition Law

Posted by EACCNY
February 19, 2021

The following note highlights certain barriers to free trade flows between the UK and the EU that have arisen in the post-Brexit era, with particular reference to rules of origin and origin procedures. It assesses the consequences these new rules will have in determining market power, influencing supply chain practices, and the application of UK and EU competition law in the future. The Trade and Cooperation Agreement The UK's continued membership of the European Union and Customs Union during the so-called...

19 Feb

Member News

Vulcan Insight | Amid vaccine vindication, the Commission plans to fight COVID mutant strains

Posted by EACCNY
February 19, 2021

After weeks in defence mode over its vaccine strategy, the European Commission continues to stay true to its plans, while stepping up its actions on preparing for new COVID-19 strains. In a joint press conference with the Health Commissioner Stella Kyriakides and Internal Market Commissioner Thierry Breton, European Commission President Ursula von der Leyen this week launched a new EU-level initiative to finally put the EU on the front foot in its fight against the coronavirus and its rapidly mutating...

18 Feb

Brexit News, Member News

GOP | Brexit and financial services: New deal or no deal?

Posted by EACCNY
February 18, 2021

On 24 December 2020, the EU and the UK finalised a Trade and Co-operation Agreement (the “TCA”) setting out the terms of their future relationship. This came just seven days before the end of the transition period for the United Kingdom’s exit from the European Union on 31 December 2020, following which: the UK ceased to be treated as a member state of the EU for all purposes; and EU law ceased to apply in the UK. READ MORE... Contact: Fabio Ilacqua Partner – Head...

18 Feb

Member News

IIE | Spring of Hope – a message from Allan Goodman

Posted by EACCNY
February 22, 2021

Dear Friends, As the world slowly emerges from COVID-19, we at IIE are optimistic. After each of the 12 pandemics in IIE’s history, international mobility actually surged. This time will be no different. Like you, we believe international exchange transforms lives and strengthens communities. And the Covid-19 pandemic has underscored that the mobility on which international education depends is central to what universities do best and for the benefit of humankind: promoting basic research, encouraging scientific experimentation and innovation, and forming...

18 Feb

COVID-19 News, Member News

Marks Paneth | Employee Retention Credit Extended and Expanded

Posted by EACCNY
February 18, 2021

The Consolidated Appropriations Act, 2021 (CAA) extends and expands the Employee Retention Credit (ERC) first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the coronavirus economic emergency. Eligibility has been expanded to include employers who also received PPP loans. There are two sets of rules: one for those claiming the credit for 2021 wages, and another set...

18 Feb

Member News

EIB | Capital increase for EIF boosts finance for COVID-19 impacted companies and strengthens support for green and digital transformation of the EU economy

Posted by EACCNY
February 18, 2021

The shareholders of the European Investment Fund (EIF) have approved a 64% increase of the EIF’s share capital from €4.5 billion to €7.4 billion. The EIF’s capital increase will bring substantial additional resources to scale up support for the SME financing market, and venture and growth capital activity. The capital increase will enable the EIF to play a key role in rolling out InvestEU, the EU’s investment programme for 2021-2027, thereby also supporting the green and digital transformation of the...

17 Feb

Member News

ACG Resources | A Guide To Making Better Management Decisions

Posted by EACCNY
February 17, 2021

One of the potentially frightening things about being a manager is the need to make decisions; many, many decisions. This is typically more of a problem for new managers than it is for experienced managers, but it would not hurt either type of manager to brush up on how to make better management decisions. The rest of this article will mainly focus on “bigger” management decisions, or those that happen less frequently and are more likely to have a...

17 Feb

COVID-19 News, Member News

CLA | COVID-19 Debt Relief, Without a Tax “Bite” Later

Posted by EACCNY
February 17, 2021

Key insights Debt cancelation amounts are generally included in gross income. This may come as a surprise to unsuspecting borrowers. Fortunately, Congress has provided some exceptions and special provisions to address taxpayer concerns with COVID-related debt relief. Under the Consolidated Appropriations Act 2021 (CAA 2021), Congress provided both financial assistance and tax relief. The massive year-end package ― including tax provisions which effectively told Treasury Department and IRS to give debtors a break — is welcome relief to many individuals and organizations. Unfortunately for...

17 Feb

Member News

FTI Consulting | Don’t Get Hung Up on Digital When Transforming Your Company

Posted by EACCNY
February 17, 2021

What if the key for businesses and brands looking to improve performance in an increasingly digital world isn’t digital transformation? At a time when so much of the interaction between businesses and their customers is moving towards digital channels and tools, many organizations are feeling the pressure to engage in “digital first” strategies to drive performance, optimize operations and protect revenues. These efforts — often characterized as a digital transformation or digital journey — are intensely focused on the addition...

16 Feb

Member News

Houthoff | The Digital Services Act & the Digital Markets Act

Posted by EACCNY
February 16, 2021

Recently, the European Commission announced two new regulations, known as the Digital Services Act (DSA) and the Digital Markets Act (DMA). These regulations aim to set new rules governing the digital market in the European Union. According to the European Commission, the DSA is required to safeguard a digital space that respects Internet users' fundamental rights when using digital services. Furthermore, the legislators seek to establish a level playing field allowing further innovation, growth, and competitiveness in the digital sector. While the DSA introduces...

Shopping cart