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

31 Jan

Brexit Will Happen Tonight. What Next?

Posted by EACCNY
January 31, 2020

At midnight tonight Luxembourg time, the United Kingdom will leave the European Union. For business in the EU and the UK, nothing will change during 2020. However, everything could change from 1 January 2021 as there is still considerable uncertainty on what the future relationship between the EU and the UK will look like. This newsflash looks at what Brexit means for business and the steps ahead. Transition Period until 31 December 2020 During 2020, nothing will really change for companies,...

31 Jan

Brexit News, Member News

Vulcan Insight Analysis of the Latest EU Developments

Posted by EACCNY
January 31, 2020

Brexit: So long, farewell, auf Wiedersehen, goodbye On 23 June 2016 the United Kingdom voted by four percentage points to leave the EU. At 11 pm tonight, the UK will cease to be a member of the EU. The country will no longer have a seat at the EU decision-making table, and will enter the transition period, following EU rules and regulations until the next ‘cliff-edge’ on 31 December 2020. It has been over three and a half years since...

31 Jan

Member News

Status Update 2020: New Company Law Legislation

Posted by EACCNY
January 31, 2020

Last year closed with the entry into force of an important bill implementing the Shareholder Rights Directive II (SRD II). However, most of the associated legislative processes are still ongoing. This newsletter provides an overview of the status of the most important legislative proposals in the field of company law and concludes with a review of the implementation of SRD II. Bill on the management and supervision of legal entities On 20 January 2020, a proposal for an act on the...

31 Jan

Member News

EIB 2020 Annual Press Conference

Posted by EACCNY
January 31, 2020

EUROPA Building, press conference room - Justius Lipsius room - Council of the European Union 155, Rue de la Loi Belgium, Brussels https://youtu.be/sM4W_CDXCIQ Compliments of the European Investment Bank, a Member of the EACCNY

30 Jan

Brexit News, Member News

Brexit to Begin Transition Period for Brand Owners Seeking UK Trademark Protection

Posted by EACCNY
January 30, 2020

Brand owners seeking to do business in Europe are well-advised to apply to register their key brands as trademarks. With the United Kingdom formally leaving the European Union as of January 31, brand owners seeking protection in the UK will have two choices: i) they can wait to extend their trademark registrations from the European Union pursuant to a transition process expected to be finalized in the year ahead; or ii) they can plan pro-actively to file UK trademark...

30 Jan

Brexit News, Member News

Brexit Business Brief | The UK Exits: 20 Quick Things You Should Know

Posted by EACCNY
January 30, 2020

We have gathered together for this special edition of Brexit Business Brief 20 quick points you should know as the UK enters the transition phase to negotiate its future relationship and end its 46-year marriage with the EU. The next edition will look at the EU and UK opening positions ahead of the trade negotiations. 1. What changes on 31 January? The United Kingdom leaves the European Union at 11.00 p.m. London time on Friday 31 January 2020. It ceases to...

29 Jan

Member News

Ogletree Deakins Elects New Managing Director, Two New Board Members

Posted by EACCNY
January 29, 2020

Ogletree Deakins, one of the largest labor and employment law firms representing management, is pleased to announce that John Gerak, former managing shareholder of the firm’s Cleveland office, has been elected to the position of Managing Director. Austin shareholder Shafeeqa Giarratani and San Francisco shareholder Greg Cheng have been elected to the Board of Directors. Gerak succeeds Chuck Baldwin, who served as Managing Director of Ogletree Deakins from 2016-2020. Gerak will serve alongside Joseph Beachboard as co-Managing Director. In this...

29 Jan

Brexit News, Member News

Brexit FAQs: Entering the Transition Period – 31 January 2020

Posted by EACCNY
January 29, 2020

On 31 January 2020, the UK will formally leave the European Union, after over 40 years of membership. The UK’s relationship with the EU will no longer be governed by the EU Treaties, but instead by the terms of the Withdrawal Agreement agreed between the UK and the EU in late 2019. Following that agreement, the UK will be in a “transition” period, which commences the moment the UK leaves the EU and is currently set to end on...

29 Jan

Member News

FTC Announces HSR and Interlocking Directors Thresholds for 2020

Posted by EACCNY
January 29, 2020

The U.S. Federal Trade Commission announced the annual changes to the thresholds contained in section 7A (Hart-Scott-Rodino) and section 8 of the Clayton Act (15 U.S.C. §§ 18a, 19) (Interlocking Directors). The new HSR thresholds apply to any transaction that closes 30 days after publication of the new thresholds in the Federal Register, while the new section 8 thresholds take effect immediately. Hart-Scott-Rodino The Hart-Scott-Rodino Antitrust Improvements Act, section 7A of the Clayton Act, requires companies proposing a merger or acquisition...

28 Jan

Member News

Kiddie Tax Reverts to More Favorable Rate

Posted by EACCNY
January 28, 2020

Kiddie Tax Reverts to More Favorable Rate The SECURE Act, signed into law on December 20, 2019, had an impact on a wide range of taxpayers – from retirees all the way down to children. The Act repealed the increased kiddie tax rate imposed under the Tax Cuts and Jobs Act of 2017 (TCJA). Under the TCJA, a child’s unearned income was taxed at the much higher trust and estate tax rate. The new legislation brings back pre-TCJA rules, which tax this income...

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