Member News

Member News

Status Update on the EU e-Privacy Regulation Proposal Discussions

By Sarah Cadiot - Associate: Privacy and Data Protection - scadiotwsgr.com | Wilson Sonsini Goodrich & Rosati On January 10, 2017, the European Commission published a Proposal for a Regulation (Proposal) relating to privacy rules for the electronic communications sector. The Proposal will impose new, more rigorous privacy regulatory obligations on nearly all companies doing business in the EU over the Internet. It will address a host of important issues including the processing of communications content and metadata, and the...

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Member News

B. Building Business update: bèta space B. New York City open now

By B. Building Business We have expanded to New York City and are currently accepting membership applications for our 18,000 sq. ft bèta space in the Brooklyn Navy Yard.    B. New York City is New York City’s global centre for tech and creative companies. We are a collaborative space that accelerates innovation and economic growth by connecting the world. We provide a soft landing for companies entering the US market and vice versa and sets them up for growth.  B. New...

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ING to redeem USD 500 million 6.2% Perpetual Debt Securities

By ING Corporate Communications ING Group announced yesterday it will redeem USD 500 million of 6.2% Perpetual Debt Securities on the call date being 15 October 2017, in line with ING's goal to continuously optimize its capital structure. The securities (CUSIP 456837400; ISP) will be redeemed in full in accordance with their terms, with payment to be made on 16 October 2017, the first business day after the call date. The redemption price will be USD 25.00 per USD 25.00...

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The Power of the French-American Alliance

By Sally A. Painter and Mathilde Defarges, with contribution from Jeremiah Baronberg  | BlueStar Strategies Helping companies smartly navigate a new era of globalization through conscientious local engagement. This is a critical time for the United States, Europe, and the transatlantic partnership. On both sides of the Atlantic, societies are revolting against policy elites. Nationalism, identity, and sovereignty are the order of the day. Protectionist and isolationist sentiment and threats of trade wars are common headlines. Calls for a “pullback” from globalization...

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President Trump Nominates Former Coal Executive to Head of MSHA

By William K. Doran (Washington DC)  President Trump has nominated a retired coal company executive to head the Mine Safety and Health Administration (MSHA). The White House announced that David G. Zatezalo, the former chairman of Rhino Resources, would be the next Assistant Secretary of Labor for Mine Safety and Health. Zatezalo’s nomination must be confirmed by the United States Senate. There was no immediate indication of when that confirmation vote might happen. Zatezalo has wide-ranging experience in the coal industry....

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Stout Expands Its Investment Banking Group in New York | Steven Rathbone Joins as Managing Director

Stout proudly announces that Steven Rathbone has joined the firm as Managing Director in its Investment Banking group. Mr. Rathbone brings deep industry expertise to the firm's Business Services and Diversified Industrials practice areas. Mr. Rathbone has more than 15 years of experience providing strategic advisory and corporate financial services, with a primary focus on sell-side mergers and acquisition transactions. His experience spans a wide range of industries but is most concentrated in business services (information technology and managed services;...

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Federal Court Invalidates New Overtime Rule

By Sean M. McCrory  Maury Baskin  Robert F. Friedman  Tammy D. McCutchen On August 31, 2017, the U.S. District Court for the Eastern District of Texas granted summary judgment for a diverse coalition of 55 business groups, led by the U.S. Chamber of Commerce and joined by numerous state governments, challenging the U.S. Department of Labor’s (DOL) redefinition of who qualifies as an exempt employee under the Fair Labor Standards Act (FLSA).1  The decision effectively nullifies the DOL rule in...

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Mandatory Use of New Form I-9 for Employment Eligibility Verification to Begin Soon

By Jorge R. Lopez  Shireen A. Judeh  Sean M. McCrory As a reminder, on July 17, 2017, the United States Citizenship and Immigration Services (USCIS) released a revised version of the Form I-9, Employment Eligibility Verification, which employers must begin using no later than September 18, 2017. Many of the changes are subtle, focusing on revising the form’s instructions and wording, and clarifying the list of acceptable documents. Key revisions include: Addition of Form FS-240, Consular Report of Birth Abroad to List...

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In-Person Interviews Mandated for Employment–Based Green Card Applicants and Others

By Rebecca L. Sigmund  (Greenville) On August 25, 2017, the U.S. Citizenship and Immigration Services (USCIS) confirmed that, as part of President Trump’s “extreme vetting” directives, potential legal immigrant workers will be required to undergo in-person interviews with USCIS. The interview requirement will apply to anyone moving from an employment-based visa to lawful permanent residency. The new mandate will also require visa holders who are family members of refugees or individuals who receive asylum to undergo an in-person interview when they...

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