There is still much uncertainty about the financial regulatory consequences of Brexit for UK entities operating in the Netherlands. In this News Update, we give an overview of the current situation, focusing on market access. We discuss the cancellation of European passports, the exceptions to this, equivalence decisions and cooperation between supervisory authorities.
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The EU-UK Trade and Cooperation Agreement covers financial services in the same way as they are generally covered in...
The following note highlights certain barriers to free trade flows between the UK and the EU that have arisen in the post-Brexit era, with particular reference to rules of origin and origin procedures. It assesses the consequences these new rules will have in determining market power, influencing supply chain practices, and the application of UK and EU competition law in the future.
The Trade and Cooperation Agreement
The UK's continued membership of the European Union and Customs Union during the so-called...
After weeks in defence mode over its vaccine strategy, the European Commission continues to stay true to its plans, while stepping up its actions on preparing for new COVID-19 strains.
In a joint press conference with the Health Commissioner Stella Kyriakides and Internal Market Commissioner Thierry Breton, European Commission President Ursula von der Leyen this week launched a new EU-level initiative to finally put the EU on the front foot in its fight against the coronavirus and its rapidly mutating...
On 24 December 2020, the EU and the UK finalised a Trade and Co-operation Agreement (the “TCA”) setting out the terms of their future relationship.
This came just seven days before the end of the transition period for the United Kingdom’s exit from the European Union on 31 December 2020, following which:
the UK ceased to be treated as a member state of the EU for all purposes; and
EU law ceased to apply in the UK.
Partner – Head...
As the world slowly emerges from COVID-19, we at IIE are optimistic. After each of the 12 pandemics in IIE’s history, international mobility actually surged. This time will be no different.
Like you, we believe international exchange transforms lives and strengthens communities. And the Covid-19 pandemic has underscored that the mobility on which international education depends is central to what universities do best and for the benefit of humankind: promoting basic research, encouraging scientific experimentation and innovation, and forming...
The Consolidated Appropriations Act, 2021 (CAA) extends and expands the Employee Retention Credit (ERC) first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the coronavirus economic emergency.
Eligibility has been expanded to include employers who also received PPP loans. There are two sets of rules: one for those claiming the credit for 2021 wages, and another set...
The shareholders of the European Investment Fund (EIF) have approved a 64% increase of the EIF’s share capital from €4.5 billion to €7.4 billion.
The EIF’s capital increase will bring substantial additional resources to scale up support for the SME financing market, and venture and growth capital activity.
The capital increase will enable the EIF to play a key role in rolling out InvestEU, the EU’s investment programme for 2021-2027, thereby also supporting the green and digital transformation of the...
One of the potentially frightening things about being a manager is the need to make decisions; many, many decisions. This is typically more of a problem for new managers than it is for experienced managers, but it would not hurt either type of manager to brush up on how to make better management decisions. The rest of this article will mainly focus on “bigger” management decisions, or those that happen less frequently and are more likely to have a...
Debt cancelation amounts are generally included in gross income. This may come as a surprise to unsuspecting borrowers.
Fortunately, Congress has provided some exceptions and special provisions to address taxpayer concerns with COVID-related debt relief.
Under the Consolidated Appropriations Act 2021 (CAA 2021), Congress provided both financial assistance and tax relief. The massive year-end package ― including tax provisions which effectively told Treasury Department and IRS to give debtors a break — is welcome relief to many individuals and organizations.
What if the key for businesses and brands looking to improve performance in an increasingly digital world isn’t digital transformation?
At a time when so much of the interaction between businesses and their customers is moving towards digital channels and tools, many organizations are feeling the pressure to engage in “digital first” strategies to drive performance, optimize operations and protect revenues. These efforts — often characterized as a digital transformation or digital journey — are intensely focused on the addition...