15 Feb
Member News, New York Related News

Ogletree Deakins | Reminder for New York State Employers: Salary Basis Thresholds Increased for 2024

New York recently raised the minimum salary basis thresholds for executive and administrative employees in order to satisfy the exemption from overtime, not to be confused with the separate upcoming increases to salary threshold for the purposes of pay frequency. Salary Thresholds for Overtime Exemptions On December 27, 2023, the New York State Department of Labor (NYDOL) published a notice of adoption in the New York State Register increasing the minimum salary thresholds for exempt executive and administrative employees to $1,200 per week (approximately $62,400...

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14 Feb
Member News

Greenberg Traurig | Emerging Technology Views

Emerging Technology Views provides entrepreneurs and early stage companies a forum to keep abreast of technology news, trends and strategies to help their business succeed. We cover a variety of topics from business formation to seeking investment, IP protection to labor and employment issues, hot spots of innovation to event highlights and anything in between. 5 Trends to Watch: 2024 Emerging Technology Increased Adoption of Generative AI and Push to Minimize Algorithmic Biases – Generative AI took center stage in 2023...

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14 Feb
Chapter News

Speech ECB | Preserving people’s freedom to use a public means of payment: insights into the digital euro preparation phase

By Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament | Brussels, 14 February 2024 Thank you for the opportunity to speak before the Committee today. As I emphasised during my confirmation hearing, I am committed to actively pursuing the dialogue with the European Parliament on a digital euro. This year marks the 25th anniversary of the euro and our monetary union. It is up to us to...

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12 Feb
Chapter News

ECB | Eurosystem Accepts a Fifth Rating Agency

Blog post by Diana Gomes and Anamaria Piloiu | The Eurosystem has accepted Scope as a new rating agency alongside Fitch, Moody's, S&P and DBRS. This has a number of implications, including a wider range of credit opinions and expertise being considered for monetary policy purposes. Credit rating agencies are private companies which assess the creditworthiness of issuers of financial instruments – be they governments, commercial banks or corporates. Many investors in the financial markets rely on rating agencies because...

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12 Feb
Member News

Littler Mendelson | Data Privacy and AI: What Should UK and EU Employers Look out for in 2024?

As we look ahead to 2024, it is clear that both data protection and AI will continue to take center stage in the UK, as it will in many other countries. In this article we look ahead to the developments that are expected to impact UK employers in the coming year. EU Regulation of AI – the hotly anticipated EU AI Act has been hailed as “the world’s first comprehensive AI law.” The most recent development was in early December 2023,...

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11 Feb
Chapter News

Biden-Harris Administration Launches Next Phase for Over $5 Billion in CHIPS R&D Investments, Including the National Semiconductor Technology Center (NSTC)

Leaders from the Departments of Commerce, Defense, and Energy; and the National Science Foundation; and the Chief Executive Officer of the National Center for the Advancement of Semiconductor Technology (Natcast) gathered at the White House to announce over $5 billion in expected investment in the CHIPS R&D program, including the National Semiconductor Technology Center (NSTC), and formally establish a public-private consortium for the NSTC. The announcement included hundreds of millions of dollars of expected investment in the semiconductor workforce;...

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09 Feb
Member News

NautaDutilh | New Belgian Rules on Tort Liability are Coming: the Impact on the Civil Liability of Company Directors, Independent Subcontractors and Employees

On 1 February 2024, Belgian Parliament adopted a new Book 6 to the civil code, holding new rules on tort liability. The core principles of Belgian tort liability remain largely unaltered: Parliament's primary aim was to codify and clarify the current rules, which were mostly judge-made over the many years since 1804. Nevertheless, there are notable innovations and important changes. In this publication we discuss one fundamental change: the abrogation of the so-called quasi-immunity of auxiliary agents. What will change? In...

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09 Feb
Member News

Wilson Sonsini | Bipartisan Legislation Seeks to Clarify Which Inventions Are Patent Eligible

The U.S. patent system is based upon a quid pro quo balance that incentivizes innovation via a time-limited patent exclusivity, while encouraging the dissemination of new ideas for public benefit and use upon expiration of the patented innovation. However, for some innovative technologies, such as personalized medicine, diagnostics, and artificial intelligence (AI), case law developed within the past decade has made obtaining patent protection increasingly difficult. This has led to a lack of clarity and incentive for some innovators...

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08 Feb
Member News

Ankaa Ventures and Hi Inov announce a strategic partnership

EACCNY Member Ankaa Ventures and Hi Inov announce a strategic partnership to support European start-ups in their seed phase Hi Inov, a Franco-German venture capitalist specialising in BtoB digital start-ups, has entrusted its seed capital program to Ankaa Ventures. Ankaa’s sectors of expertise, including climate tech, human capital, data and AI, are among those targeted by the Hi Inov 3 fund. Paris, 7 February 2024 – Hi Inov – Dentressangle, a Franco-German venture capital company with €350m in...

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07 Feb
Member News

CLA (CliftonLarsonAllen) | Major Tax Changes Expected in Two Years, Plan Now to Reduce Impact

The Tax Cuts and Jobs Act (TCJA) brought sweeping tax changes to businesses and individuals. Individual and some business tax rates were cut — some significantly — starting in 2018. Built into the law was the sunset of certain important provisions on December 31, 2025. This means on January 1, 2026, tax law reverts to the tax law before the TCJA’s passage. Because the sunset is part of law, it would take an act of Congress to prevent it. Explore some...

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