Since 2018, the United States has imposed and maintained nearly $80 billion in new tariffs. Importers seeking to minimize the impact of elevated tariffs have few tools available to them. However, one such tool is the “first-sale” method of appraisement. Utilizing the first sale method of appraisement, GDLSK recently helped one client save more than $20 million. Companies in virtually any industry can take advantage of the first-sale rule and GDLSK can advise whether it can work and how it...

Read more

On 19 December 2024, Luxembourg adopted Blockchain Law IV, which has opened up significant new opportunities to use the Luxembourg DLT framework, such as expanding this framework to include unlisted equity securities and facilitating the provision of services to issuers with additional flexibility in terms of custody arrangements. These innovations aim to encourage the financial industry to make use of blockchain and DLT in Luxembourg.   1. Background In tune with its strategy of fostering innovation and digitalisation in the financial sector,...

Read more

Starting January 17, 2025, the Digital Operational Resilience Act (DORA) will require financial entities and their critical information and communication technology (ICT) service providers to comply with enhanced cybersecurity risk management measures. Its goal is to protect the financial sector from ICT disruptions and a new generation of cyber threats. Scope. DORA applies to financial entities in the EU, such as banks, crypto-providers, trading venues and insurers, and their designated critical ICT service providers. Providers, regardless of their location, must establish...

Read more

Montpellier, January 17, 2024 – Cilcare, a biotechnology company specializing in auditory sciences, is pleased to announce the appointment of Dr. Bettina M. Cockroft as its new Chief Medical Officer. With over three decades of experience in clinical development, medical affairs, and a strong background in the biopharmaceutical industry, Dr. Cockroft brings a wealth of expertise in advancing innovative therapies for hearing disorders, particularly cochlear synaptopathy and sensorineural hearing loss. Dr. Cockroft’s distinguished career spans several senior roles in both large pharmaceutical...

Read more

EU under intense pressure to address disinformation from tech giants The EU’s Digital Services Act (DSA), adopted in 2022, is designed to safeguard democracy from disinformation, hate speech, and manipulative election campaigns. However, enforcement of the DSA is facing obstacles as leading US firms drop content moderation practices. After taking over X (formerly Twitter), Elon Musk fired moderators and scrapped transparency measures tracking disinformation, in an attempt to turn the platform into a bastion of free speech. Silicon Valley CEOs are now following suit, in efforts to...

Read more

Minimum wage increase As of January 1, 2025, employers in the Netherlands are required to comply with the updated statutory minimum wage. The fixed minimum hourly wage will be increased to €14,06 (for employees aged 21 and older) as per January 2025 and is indexed twice a year. Benefits that are linked to the minimum wage such as AOW, WIA and WW will also increase as a result. Maximum daily wage The maximum daily wage, determined by the Dutch Employee Insurance Agency...

Read more