Member News

Member News

Stout | Navigating the Energy Market During COVID-19: Accounting Considerations

Watch On-Demand Webinar: Navigating the Energy Market During COVID-19 "When we look at this past year with COVID-19, it made for a very interesting year. Some of the more pertinent areas that we've found have been across the area of impairment, modifications to contracts for both leases and debt, restructuring activities, disposals of assets and businesses going concern issues as well as accounting for the PPE loans that were a direct result of events from this year. Given our time today,...

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NautaDutilh | New law brings Luxembourg to the forefront of distributed ledger technology

On 22 January 2021 Parliament approved Bill 7637, which modified:  the Law of 5 April 1993 on the financial sector; and the Law of 6 April 2013 on dematerialised securities. The bill entered into force on 26 January 2021.  The bill introduces important modifications with respect to the direct issuance of dematerialised securities using distributed ledger technology (DLT). Further, it widens the central account keeper role by enabling any EU credit institution or investment firm to record and operate DLT issuances...

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FTI Consulting | Has Your Company Chosen Its Cybersecurity Champions Yet?

Building a culture of cybersecurity through informal advocates and the new role of the “BISO” is a cost-effective strategy for tightening your cyber defenses. Chief Information Security Officers (CISOs) are buffeted from all sides today. With the expansion of remote workforces, technology upgrades seemingly on a daily basis, and brazen cyber actors ranging from teens on Twitter to state-sponsored hackers, the task of keeping company systems secure is like trying to stand still in a hurricane. Adding to the CISO’s...

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CLA | Unemployment Aid Fraud Skyrocketed in 2020 … Is it Time to Review Your Cyber Risks?

Key insights During the pandemic, there’s been an uptick in fraudulent unemployment claims. The CARES Act introduced changes to unemployment benefits to help those in need during the pandemic, and some criminals have found ways to capitalize on the situation. Consider steps you can take to help protect your organization and your personal identification information. Nationwide, state unemployment agencies have been inundated with fraudulent benefit claims during the pandemic. The CARES Act increased the unemployment benefit amount and expanded opportunities...

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AlixPartners | 2021 Container Shipping Outlook

Carriers have a chance to break the cycle. Will they take it? For at least 30 years, the container shipping industry has been in a recurring boom-and-bust loop. During times of strong macroeconomic growth, shipping rates skyrocketed. Using these profits, container ship operators would invest in new, ever-larger vessels. With each boom comes a bust, and without fail, the economy would slide into a downturn, demand would plunge, rates would tumble, and operators would find themselves burdened with heavy debt and...

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IPTI | Update on U.S. & European Property Tax Issues: March 2021

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). UNITED STATES Empty Office Buildings Squeeze City Budgets as Property Values Fall At a meeting with Treasury Secretary Janet L. Yellen last month, Jeff Williams, the mayor of...

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Marks Paneth | President Biden Signs into Law the American Rescue Plan Act of 2021

Overview of Key Provisions Affecting Individuals and Businesses A $1.9 trillion COVID-19 relief package was signed into law by President Biden on Thursday, March 11, 2021. The American Rescue Plan Act of 2021 (ARP), as amended by the U.S. Senate, follows the nearly $4 trillion in COVID relief enacted in 2020. The ARP includes provisions designed to accelerate activities to combat the virus and distribute vaccines, fund various programs and provide economic support to a variety of stakeholders including individuals,...

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Tradewind | What Lessons has COVID-19 Taught Buyers and Suppliers

The onset of COVID-19 caught many business owners off-guard. Raw material shortages, delivery challenges, and obtaining financing for supply chains were some of the difficulties companies had to face. Ultimately, buyers and suppliers learned that to overcome these hurdles, they need to work collaboratively. By working with the right supply chain finance company, international companies can support collaboration and streamline operations for an entire supply chain, resolving immediate cash flow challenges that could drastically impact a business. This article discusses...

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COVID-19 News, Member News

Troutman Pepper | COVID-19 and Border Crossings: Considerations and Best Practices for Global Constructors and Suppliers who Cross United States, Canadian, and European Borders

Who Needs to Know Any company with cross-border supply chains or employee travel. Why It Matters COVID-19 related travel restrictions may slow employee travel and logistics, and disrupt global suppliers and supply chains. The decision whether a worker is critical or essential and will gain admittance is often made on a case-by-case basis and can differ based upon the specific worker, the worker’s job functions, and the country. Reviewing restrictions and exceptions of the intended country of travel and ensuring your work...

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The Threats to Recovery

Previously published in Project Syndicate on March 03, 2021 | Many of the monetary and fiscal measures in advanced economies over the past 12 months were necessary and unavoidable. But as policymakers eye a possible recovery in 2021-22, they must be vigilant about the side effects of prolonged stimulus. NEW YORK – Over the past year, rich-country governments and central banks have provided unprecedented fiscal and monetary stimulus to help mitigate the economic impact of the COVID-19 pandemic. Getting back to...

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