Member News

14 Jul
Member News

Grassi | Managing Your Trust & Estate Strategies During the COVID-19 Crisis

Q&A with Lisa Rispoli, Trust & Estate Services Leader As you respond to the immediate impact of the COVID-19 pandemic on your business and finances, your trust and estate plans may be the farthest thing from your mind. Lisa Rispoli, CPA, AEP, TEP, Grassi's Trust & Estate Services Leader, explains why this economic environment may actually be the best time for you to execute gifting strategies to achieve greater tax savings and preserve more wealth for your loved ones. Q. Is...

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14 Jul
Member News, Trade & TTIP Related

GDLSK | Additional 25% Section 301 Duties on French Handbags and Cosmetics in Retaliation for Digital Services Tax

On July 10, 2020, the Office of the United States Trade Representative (“USTR”) announced an additional 25% Section 301 duties on various handbag and cosmetic products from France effective January 6, 2021. These retaliatory duties will be imposed in response to France’s planned Digital Services Tax (“DST”), which the USTR determined is discriminatory and unreasonably burdens U.S. technology companies. Implementation of the additional duties will be delayed for 180 days to allow for further negotiations between the two countries that may resolve this...

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13 Jul
Member News

Littler | New York Agencies Issue Guidance on COVID-19 Sick Leave for Health Care Workers

On June 25, 2020, the New York Department of Health (NY DOH) and the New York Department of Labor (NY DOL) issued new guidance, titled New York State Department of Health and New York State Department of Labor Guidance on Use of COVID-19 Sick Leave for Health Care Employers (the “Guidance”). The Guidance is intended to supplement earlier guidance the NY DOH and NY DOL issued governing when health care employees are automatically deemed to be subject to a mandatory or precautionary order...

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13 Jul
Member News

FTI Consulting | 4 Simple Steps to Determine Cybersecurity Gaps in the Work-From-Home Era

Millions of workers around the world have shifted from offices to working from home since the COVID-19 outbreak. Here, Joshua Burch, FTI’s Head of Cybersecurity in EMEA, offers timely advice for businesses to help mitigate the increased risk of a cyber breach that comes with that shift. The sudden surge in remote working, while a practical solution to the acute circumstances caused by the COVID-19 pandemic, is causing challenges for information security teams. The flood of employees logging in to...

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10 Jul
COVID-19 News, Member News

Portolano Cavallo | Decreto Rilancio: Overview of the main measures to support business and companies in Italy

The Italian government has approved Law Decree No. 34 of May 19, 2020 (“Decreto Rilancio”), which includes several measures aimed at providing additional support to businesses impacted by the COVID-19 emergency. Below is an overview of said measures. A. Reduction of IRAP (Regional Tax on Production Activities) Section 24 of the Decreto Rilancio sets forth an exemption for companies and self-employed workers with revenues not exceeding EUR250 million in the last financial year from payment of (1) the balance of IRAP for the current tax period until December...

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10 Jul
Member News

Vulcan Insight | Ireland’s Donohoe beats Calviño to become Eurogroup President

Paschal Donohoe is celebrating his victory after beating his rival candidates from Spain and Luxembourg to preside over the Eurogroup, a grouping of finance ministers from the eurozone. The three horse race became a two-horse race after Pierre Gramegna, the Luxembourg candidate, withdrew after the first round of votes. In the second and final round of online votes cast in a secret ballot, Donohoe beat Spain’s Calviño. Taking to twitter, Donohoe said his “immediate priority” is to facilitate agreement on the...

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09 Jul
Member News

AXA-IM | Can Working from Home Save the Planet?

Remote Working can be a Double-Edged Sword of Opportunity, Emissions The COVID-19 pandemic is having a profound impact not just on the way we live, but also on the way we work. Around the world, employees are working from home, fundamentally changing a professional standard of physically reporting to an office location, which has been the norm for decades. This seemingly simple shift can pose a potential threat to our environment, but also provides an opportunity to create an even...

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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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