On 31 May 2019, the OECD published its programme of work for developing a solution to the tax challenges arising from the digitalisation of the economy (Programme of Work). The Programme of Work will explore technical issues in line with the ‘two-pillar’ approach set out in the OECD policy note of 29 January 2019 (see our tax flash here) and the OECD public consultation document of 13 February 2019 (see our tax flash here). Pillar One seeks to develop new profit allocation...

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June 2019 FX Outlook The tariff truce came to an abrupt end via presidential tweets on May 3.  Until those tweets, US officials had been indicating that progress was being made and there was hope that at the sidelines of the G20 meeting that Trump and Xi would agree on a trade deal.  The end of the tariff truce marked a turning point in the markets. Risk appetites were reduced.  Equities and yields fell.   The dollar eased in the first...

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By André Zimmermann and Marianna Karapetyan | Orrick  According to a recent decisions of the European Court of Justice (ECJ) (May 14, 2019 – C‑55/18), the Member States of the EU must oblige employers to systematically record the working time of their employees. Only in this way can it be ensured and enforced that the working time rules are observed and that the intended health protection of the employees is guaranteed. Background The Spanish trade union, Federación de Servicios de Comisiones Obreras (CCOO), brought...

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Key Events This Week Race on for the European Commission Presidency The race for the top jobs in the European Institutions has begun. The special summit of the European Council was held in Brussels on Tuesday – the first meeting where leaders tried to push their preferences for the top job in the executive branch of the European Union. Manfred Weber, supported by Angela Merkel, is the Spitzenkandidat for the Conservative European People’s Party (EPP). The self-confessed ‘man of parliament’ does...

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For the second year in a row, ACG Resources has been recognized on the Forbes list of  America's Best Executive Recruiting Firms -2019   Collecting intensive marketing data, Forbes, Inc. set out to identify the most well-respected and productive recruiters throughout the country. Compiling a list of 250 firms, ACG was proudly named among the best recruiting firms based on recommendations from thousands of recruiters, professionals, and hiring managers.   With an industry filled with over 20,000+ firms, this is truly an honor...

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Breakthrough Energy Ventures Europe (BEV-E), a new EUR 100 million investment fund was established by the European Commission, the European Investment Bank and Breakthrough Energy Ventures during the Fourth Mission Innovation Ministerial meeting in Vancouver, Canada.   The fund will help develop innovative European companies and bring radically new clean energy technologies to the market. It will support Europe’s best clean energy entrepreneurs whose solutions can deliver significant and lasting reductions in greenhouse gas emissions. The first of its kind, it caters to...

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By Jorge Lopez, Shireen Karcutskie and Elizabeth Whiting | Littler In an announcement on Thursday, May 16, 2019, President Trump unveiled an outline of his new legislative plan to modernize the nation’s immigration framework, promising to “establish a new legal immigration system that protects American wages, promotes American values, and attracts the best and brightest from all around the world.”1 In introducing the plan, President Trump announced, “e are proposing an immigration plan that puts the jobs, wages, and safety of...

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By Brian Johnston, Mason Hayes & Curran We have survived the first year of living with the GDPR. After all the panic and hard work, we look at what has happened in the last 12 months and what can be learnt. Security breach notifications a plenty What has happened? Over 89,000 notifications had been filed since May 2018. With a regime where over-notification suffers no penalty, but failure to notify could incur a fine, one could not blame businesses for taking this approach. This approach, however,...

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By: Miram Hall, Bisnow New York Lauren Calandriello’s path to commercial real estate was, in her own words, kind of random. Now a JRT Realty Group real estate associate, she was introduced to the firm’s CEO, Jodi Pulice, after taking a college study abroad program in Italy alongside Pulice’s son back in 2012. Pulice, always on the lookout for young talent, invited her in for a job interview two years later. “ likes to hire young women into the business and...

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