Member News

22 Sep
Member News, Trade & TTIP Related

HSBC | Making the USD10 trillion case for trade

Insight from HSBC and BCG on how trade could power economic growth - and the steps needed to unlock that potential. Download the full report here: THE $10 TRILLION CASE FOR OPEN TRADE Embracing open and fair trade could boost global GDP by USD10 trillion a year in 2025, according to a major new report co-written by HSBC and Boston Consulting Group (BCG). The $10 Trillion Case for Open Trade provides compelling evidence of the potential benefits of liberalising commerce as policymakers aim...

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22 Sep
Member News

Faegre Drinker | Immigration Updates: Visa Processing, Travel Bans and the New USCIS Fee Schedule

Read on for an overview of updates on immigration and global mobility issues, including those involving visa processing at U.S. embassies and consulates, restrictions on travel and the new U.S. Citizenship and Immigration Services (USCIS) fee schedule. Visa Processing at U.S. Embassies and Consulates While some consulates are reopening to provide visa services, many are still closed for routine visa processing or are only offering limited services. For example, the U.S. Embassy in Buenos Aires, Argentina started accepting applications for F,...

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21 Sep
COVID-19 News, Member News

CLA | Financial Planning in the Time of COVID-19

Key insights Develop a financial plan so you can evaluate strategies, consider creative alternatives, work through different scenarios, and collaborate with your team. Reimagine your business and forge a new path forward in how you serve your customers. Utilize dynamic modeling to understand the financial impact of business decisions — and so you can adjust accordingly. Identify leading indicators and forecast stimulus packages and tax credits. As you set your sights on 2021, it’s probably hard to imagine how to...

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21 Sep
Member News, New York Related News

Littler | DOL Revises FFCRA Regulations to Clarify Paid Leave Rules in Wake of New York Federal Court’s Decision

On September 11, 2020, the U.S. Department of Labor (DOL) issued revised regulations under the Families First Coronavirus Response Act (FFCRA) following a federal court’s decision that invalidated a handful of regulatory provisions interpreting the FFCRA.  Although the DOL was widely expected to address the court decision through revised regulations and/or court action, these new regulations throw additional curveballs for employers already struggling to comply with extensive COVID-19-related legislation. Decision Invalidating Parts of Rule and DOL’s Response On August 3, 2020,...

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21 Sep
Member News

IPTI | Update on Property Tax Issues: September 2020

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). USA New York: For those hurting before COVID, property tax relief can’t come soon enough J. Crew, JC Penney, Pier 1 Imports, GNC, Brooks Brothers, Lord and Taylor,...

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21 Sep
Member News

EIB | How it works: Digital marketplaces transform industry

What is a digital marketplace? And how does it work? Find out how the platforms can help provide better services, more efficiently Digital marketplaces, such as Amazon.com or Booking.com, are expanding to new markets in industries such as energy or freight forwarding. Europe aims to take a bigger role in this area of business by setting up its own digital marketplaces. But what are digital marketplaces and how do they work. We asked Darragh Mac Neill and Salvatore Scagliarini, senior industry...

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17 Sep
COVID-19 News, Member News

Troutman Pepper | DOL Revises FFCRA Leave Regulations

Who Needs to Know All employers covered by the FFCRA. Why It Matters Employers must ensure that their policies and practices addressing FFCRA leave are consistent with the DOL’s revised regulations. As we previously covered, on August 3, the U.S. District Court for the Southern District of New York (SDNY) struck down four parts of the regulations issued by the U.S. Department of Labor (DOL) implementing the Families First Coronavirus Response Act (FFCRA). Specifically, the decision invalidated the regulations’ availability of work requirement, intermittent...

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17 Sep
Member News

Portolano Cavallo | Business Judgement Rule: Directors May Be Held Liable for Disproportionate Organizational Decisions in Italy

The Court of Rome (Decision issued on April 8, 2020) recently issued a decision on the business judgment rule topic, which has been dealt with several times by Italian courts over the years. The recent decision is interesting because (i) it summarizes Italian case-law principles on the abovementioned topic and (ii) based on such principles, it concludes that even organizational decisions made by directors can trigger their liability. 1. The case at stake A newly established company controlled by the Italian foundation for doctors’ and...

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17 Sep
Member News

Shearman | Important Arbitration Decision for Lenders

Project Finance Lender Can Claim Directly Against State Under Investment Treaty A recent decision of an arbitral tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has opened the door for potential direct claims by project finance lenders against states in circumstances in which the projects they finance are adversely affected by state measures. In a decision rendered on August 20, 2020, the tribunal in Portigon AG v. Kingdom of Spain (ICSID Case No. ARB/17/15) held...

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16 Sep
COVID-19 News, Member News

Troutman Pepper | Navigating Adapted Operations Advisory Series: Part One – Phased Approach Considerations, Creating and Implementing a COVID-19 Response Plan, and Benefits Concerns for a Returning Workforce

Who Needs to Know Employers who are reopening (or have already reopened) by bringing employees back to their workplaces. Why It Matters Bringing a workforce back to the workplace, whether from teleworking, furlough or layoff status, is an exercise with many moving parts. Employers need to follow a reasoned strategy to address COVID-19-related risks and other considerations associated with recalling some or all of a workforce to develop a sensible back-to-work protocol. Troutman Pepper is issuing a series of client advisories, Navigating Adapted Operations, to...

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