By Andrew C. Collins | Managing Partner | Bannockburn Global Forex, LLC   I am beginning this currency update email at 11:18 am EDT.  I note this because it is my intent not to send it until later this afternoon, probably 3:30 pm.  The purpose of this time delay is to highlight the differences between my thoughts on the market now versus how they might change – in real time – this afternoon after the FOMC meeting.   As of now (11:21 am) the...

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By Loyens & Loeff On 21 March 2018, the European Commission (EUCommission) proposed two Council Directives addressing the taxation of the digital economy. The introduction of a digital services tax (DST) on revenues from certain digital services, as an interim solution, should affect about 100 large companies, mostly U.S.-based. The corporate taxation of a significant digital presence (Digital PE) would be the comprehensive long-term solution and could have an impact on companies across a wider range of economic sectors, such...

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By Carson G. Burnham (Boston) |Ogletree Deakins Ogletree Deakins’ International Practice Group is pleased to announce the inaugural issue of its international newsletter, the International Employment Update. Roger James, a partner in Ogletree Deakins’ London office, spearheaded this important and timely project, which is aimed at human resources professionals and in-house employment counsel operating on an international basis. The International Employment Update, which will be published twice yearly, includes 59 articles covering labor and employment news and developments from 50 countries. The...

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By ACG As one of the most innovate recruiting firms throughout the United States, ACG Resources is always looking for ways to improve our recruiting practices and service capabilities. Towards this end, we are pleased to announce our partnership with the Future Manager Alliance. What is FMA? Future Manager Alliance (FMA) is global outreach entity, consisting of select recruitment companies from all over the world. As the US partner, we now have the ability to develop Bilateral and multilateral services, expanding to...

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By DLA Piper Insights This month we look at the Lancashire case, where Mr Justice Fraser dispels a myth about procurement law, and raises new issues which might be thrown into the balance whilst deciding whether or not to lift the automatic stay.  We also look at the Arpacal case which confirms the law on collusion in the context of a procurement for insurance services. The EU Commission’s “notice to stakeholders” (see below) makes the point starkly that, if no...

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By Jeffrey N. Bilsky & William J. Hodges | BDO Is your corporation structured as a partnership? A common entity type in the real estate and construction industries, partnership corporations carry their own unique set of tax reform implications. To make an informed decision about choice of entity in the future, and to understand the scope of impact now, it's important that companies assess how tax reform could impact partnership's annual operations and future capital transactions. A new article...

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By William H. Walsh |  Co-Chair| Cozen O'Connor The FAA recently announced that it had successfully completed the testing of a Low Altitude Authorization and Notification Capability (LAANC) system at certain air traffic locations and that the system will now undergo testing on a national scale. The LAANC will enable drone operators to receive real time (or near real-time) authorization to fly drones in areas that might otherwise be restricted. The system will allow for far greater planning capability of drone...

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By Sven Stumbauer |Managing Director, New York | AlixPartners The financial-services industry has been roiled by a perfect storm of disruptive forces. Complex regulatory-compliance requirements, aging legacy assets and operating models, digital innovation, and fintech have rapidly changed the operating environment. The evolving regulatory landscape that accompanies those changes, worldwide political changes, and record monetary fines have made anti-money laundering (AML) and sanctions compliance a major challenge for financial institutions globally. Read the Full Article HERE  This article was published by International...

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By Thompson Hine The Department of Commerce has released information setting forth the process for how parties in the United States may submit requests for product-based exclusions from tariffs implemented by President Trump under Section 232 of the Trade Expansion Act of 1962 to protect national security from threats resulting from imports of aluminum and steel, as previously detailed in two presidential proclamations. See Trump and Trade Update dated March 13, 2018. The March 8, 2018 proclamations authorize the secretary of Commerce...

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By Steve Pasierb | President| The Toy Association On Wednesday, March 14, news surfaced that President Trump had requested an additional $30 billion in new tariffs which may include toys. The Toy Association, our Federal Government Affairs Committee and the Board Executive Committee were all immediately engaged. This serious new threat to the business of toys came as our staff and legal counsel were deep into helping members navigate the Toys”R”Us (TRU) bankruptcy that has now turned to liquidation. These...

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