25 Apr
Member News

Troutman Pepper | FTC Bans Employee Noncompete Clauses

The Federal Trade Commission (FTC) voted along party lines (3 to 2) to ban all worker noncompetition provisions. The final rule applies to all employees, including senior executives, and will become effective 120 days after publication in the Federal Register. The regulation deems employee noncompetes an “unfair method of competition,” pursuant to Section 5 of the FTC Act. The majority believes that noncompete provisions exploit workers and that the federal ban will increase innovation, spur establishment of new businesses, and...

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18 Apr
Member News

Littler | Legal Snapshots from Europe and the United States

Littler Mendelson | Quarterly Legal Guide Q1 Littler publishes the Global Guide Quarterly (GGQ) to provide a general update on global labor and employment (L&E) law developments in key countries in the American, EMEA, and APAC regions. By providing high-level notice of such developments, we aim to help multinational enterprises with cross-border operations to stay abreast of important changes within the L&E law framework. We, EACCNY, are sharing the relevant legal updates from Europe & the United States. Click to download...

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18 Apr
Member News, Uncategorized

Wilson Sonsini | SEC, California, and CSRD Climate Disclosure Requirements Comparison Tool

Following an order by the U.S. Securities and Exchange Commission (SEC) implementing a stay of its final climate disclosure rules pending review of legal challenges to such rules in the U.S. Court of Appeals for the Eighth Circuit, many companies are reassessing their climate disclosure timelines and the underlying processes and systems that will be required to comply with the mandatory sustainability reporting frameworks applicable to them, particularly if litigation related to the SEC’s climate disclosure rules extends over...

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17 Apr
Member News

Offit Kurman | Lost in Translation: Blunders in International Estate Planning No. 4

Welcome to Offit Kurman's “Lost in Translation: Blunders in International Estate Planning.” This blog series explores the rarified world of international estate planning, uncovering potential pitfalls and providing insights to navigate the complexities. Blunder No. 4:  Leaving the United States? Take your Assets with You When U.S. or non-U.S. citizens who may have spent time working or residing in the U.S. decide to return to their home countries or any other country outside the U.S., failing to transfer their assets outside...

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17 Apr
Chapter News

Commission Mobilizes Research and Innovation Funding for the Green and Digital Transitions

The Commission has adopted an amendment to the 2023-24 Work Programme of Horizon Europe, the EU's research and innovation programme. The amendment mobilises previously unallocated Horizon Europe funding to increase the 2024 budget by nearly €1.4 billion to a total of €7.3 billion. This amendment includes an investment of nearly €650 million in the EU Missions aiming to contribute to solving some of the challenges facing Europe, for example, making more than 100 cities climate neutral, a New European...

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17 Apr
Member News

Pérez-Llorca | Insurance Legal Update – Spain Q1 2024

We start 2024 with some positive notes and expectations that we want to share with you. We are optimistic that the macro data for 2023 will finally show that there has been a rebound in the weight of the insurance sector in Spain’s Gross Domestic Product (GDP). As is well known, insurance activity represents approximately 5% of our country’s GDP, which is no cause for satisfaction, as it is two percentage points below the European average, and well behind...

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16 Apr
Member News

CLA | The Bridge, The Boat, The Barge – Economic Update on Baltimore’s Port

On April 5th, President Biden took an aerial tour of the accident site that caused a tragic loss of life where he gave remarks in Baltimore. Here we will review the impact of the Port of Baltimore and the Key Bridge to supply chains, the timeline for reopening the various transitways, and potential federal government support, including financial. The Port of Baltimore is one of the few in the nation which ranks in the top twenty busiest in three major categories: total tonnage...

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16 Apr
Member News

PwC | 2025 and the Tax Cuts and Jobs Act: Building Your Tax Story

The spotlight may be on the US 2024 presidential election, but tax executives can’t afford to take their eyes off 2025 and beyond. That’s when federal and global tax policies will come to a head. Key individual provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 expire, and changing TCJA international provisions could result in US corporate tax increases even as other countries are moving to collect higher corporate taxes. Now is the time to evaluate how...

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16 Apr
Chapter News

IMF | Global Economy Remains Resilient Despite Uneven Growth, Challenges Ahead

Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing almost as quickly as it rose. The journey has been eventful, starting with supply-chain disruptions in the aftermath of the pandemic, an energy and food crisis triggered by Russia’s war on Ukraine, a considerable surge in inflation, followed by a globally synchronized monetary policy tightening. Global growth bottomed out at the end of 2022, at 2.3 percent, shortly after median headline inflation peaked at 9.4...

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15 Apr
Member News

Troutman Pepper | Comprehensive Data Privacy Legislation Unveiled in Congress

On April 7, House Energy & Commerce Committee Chair Cathy McMorris Rodgers (R-WA) and Senate Commerce Committee Chair Maria Cantwell (D-WA) announced a bipartisan, bicameral draft of comprehensive data privacy legislation, the American Privacy Rights Act (APRA). The APRA represents a significant compromise and, according to Rodgers and Cantwell, “strikes a meaningful balance on issues that are critical to moving comprehensive data privacy legislation through Congress,” such as preemption of state laws and a consumer private right of action. Applicability Covered entities subject...

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