Member News

09 Jul
Member News

TroutmanPepper | Five Key Points About the DOL’s New Fiduciary Rule

On June 29, 2020, the U.S. Department of Labor (DOL) announced a new proposed class exemption to certain prohibited transaction restrictions in the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Internal Revenue Code of 1986, as amended (the Code), entitled “Improving Investment Advice for Workers & Retirees.” The proposed exemption is intended to help workers and retirees by preserving the wide availability of investment advice arrangements and products for retirement investors. The proposed exemption...

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09 Jul
Member News

WSGR | Basics of the Bayh-Dole Act: FAQs

In this Client Advisory, we answer some frequently asked questions (FAQs) about the Bayh-Dole Act or Patent and Trademark Law Amendments Act (Bayh-Dole). What is Bayh-Dole? Bayh-Dole refers to a law (spearheaded by Senators Birch Bayh of Indiana and Bob Dole of Kansas) passed in 1980 that allowed small businesses and non-profit institutions to elect to take title to federally funded inventions under certain terms and conditions. It was enacted to provide incentives to promote commercialization of federally funded inventions. If my...

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08 Jul
Member News

Conduct and Culture – Maintaining the New Mindset in a Period of Rapid Change

Opening Remarks from William R. Rhodes on June 30th | Thanks to John Baskett and 1LoD for the invite to say a few words about the importance of Conduct and Culture for banks and the financial sector in general. As many of you know, the G30 spent almost a decade working on elements of bank governance, conduct, and culture. We issued four reports on aspects of governance: on governance as a whole; on the role of boards and their relationship of...

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08 Jul
Member News

AEMCarnelutti: Italian data protection authority recent fine for failure to comply with Pre-GDPR regime

The Italian Data Protection Authority (“Garante per la protezione dei dati personali” or “Garante”) recently announced that it levied a €600,000 fine on an Italian major banking institution for several violations of the Italian Personal Data Protection Code in its pre-General Data Protection Regulation (“GDPR”) form. The sanction was imposed following a data breach that took place between April 2016 and July 2017 that the banking institution notified to the Garante at the end of July 2017. As a result of the breach,...

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08 Jul
Member News, Trade & TTIP Related

GDLSK: Possible additional retaliatory tariffs on products from the European Union in connection with the U.S. enforcement of WTO rights in large civil aircraft dispute

The Office of the United States Trade Representative (“USTR”) is considering a modification to the list of products from the European Union (“EU”) and United Kingdom (“UK”) subject to Section 301 tariffs and an increase of the additional duties up to 100%. The tariffs were initially imposed on October 18, 2019 in response to a World Trade Organization (“WTO”) ruling that the U.S. may levy up to $7.5 billion annually in countermeasures for EU subsidies provided to aircraft manufacturer...

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08 Jul
Member News

Announcing RPJ’s Newest Partners Ethan Krasnoo and Jill Kahn Marshall

It is with great pride and excitement that we announce the promotion of two of RPJ's attorneys, Ethan Krasnoo and Jill Kahn Marshall, to Partner. Both are exceptional members of the RPJ team, and we congratulate them on their incredible work and accomplishments! Jill Kahn Marshall, previously an Associate with the firm, represents individuals and corporations in the areas of employment law, litigation and dispute resolution and healthcare. Ms. Marshall represents individuals in the negotiation of employment and separation agreements, as well as claims...

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08 Jul
Member News

Stibbe: COVID-19 Update and Guidelines published on the Dutch implementation of DAC6

The EU Mandatory Disclosure Directive (“DAC6”), introducing a reporting requirement for intermediaries and/or taxpayers of certain cross-border arrangements that are perceived to be aggressive, is effective as of 1 July in the Netherlands. By his letter of 26 June 2020, the Dutch State Secretary of Finance granted deferral of the Dutch reporting deadlines until 1 January 2021. The same week, the Dutch State Secretary of Finance published its Guidelines on reportable cross-border arrangements by a Decree dated 24 June...

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07 Jul
Member News

BBGFX: July 2020 FX Outlook

Many major and emerging central banks took action in June, but outside of possible technical adjustments will continue with the current supportive stance in July.  The policy focus will shift back to fiscal initiatives.  The highlights will be the EU Summit on July 12, which is considering the EC's 750 bln euro package of grants and loans, and the US decision regarding the $600 a week extra unemployment insurance (expiring at the end of July) and another large budget...

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07 Jul
COVID-19 News, Member News

H&K: New Employer Obligations in the Age of COVID-19: Safety Policies, PPE, and Deep Cleaning

Employment Attorneys David Santeusanio, Howard Sokol and Matthew Sloane co-authored an article in the Employee Relations Law Journal addressing practical considerations and obligations for employers when establishing safety plans to reopen the workplace. COVID-19 has altered the reality of workplace safety and corresponding industry standards. Employers face dramatically different workplace challenges and resulting new obligations regarding safety precautions and worker protections. Throughout the pandemic, federal agencies such as the Occupational Safety and Health Administration (“OSHA”) and the Centers for Disease Control and...

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07 Jul
Member News

Loyens&Loeff: EU Parliament adopts Taxonomy Regulation

In recent years the European Union has paid increasing attention to sustainability in its policy- making particularly in the financial sector. In March 2018 the European Commission published its Action Plan on Financing for Sustainable Growth. The Action Plan has three main objectives: to redirect capital flows towards sustainable investment in order to achieve sustainable and inclusive growth; to manage financial risks arising from climate change, resource depletion, environmental degradation and social issues; and to promote transparency and long-term sustainability in financial and...

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