Member News

Consulate General of Finland | Finnish Port Know-How Accelerates the Green Transition of the Largest Ports in the USA

The environmental requirements of the world's ports have tightened rapidly, cargo volumes have grown, and automation has increased. The United States invests 17 billion dollars in the restoration of ports and waterways. Business Finland is now promoting the export of Finnish companies to seven ports in the market. Current challenges facing ports in the US include labor shortages, outdated technology and inefficiencies. – Ports have been assigned target schedules for the green transition and they are quickly investing in low-emission electric hybrid...

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Member News

Troutman Pepper | DOL Proposed Rule: New Definition of “Investment Advice Fiduciary”

On October 31, the Department of Labor (DOL) released a proposed rule (the Proposed Rule) aiming to redefine and expand who qualifies as an “investment advice fiduciary” under the Employee Retirement Income Security Act of 1974, as amended (ERISA). This change could cause more financial services providers to become subject to ERISA’s obligations, which would include adherence to ERISA’s expert standard of care and duty of loyalty, and the avoidance of certain conflicts of interests. Notably, this is the DOL’s third...

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Member News

Mason Hayes & Curran | Statutory Sick Pay in the Spotlight – WRC issues first decision on Sick Leave Act 2022

The outcome of a recent case before the Workplace Relations Commission provides us with a first look at the WRC’s approach to whether a company sick pay scheme is, on the whole, more favourable to an employee than their entitlement to statutory sick pay. Although this is the first time this legal point has been raised, it is illustrative for employers and legal practitioners as to how the WRC may approach this question under the Sick Leave Act 2022. Background The...

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Chapter News

ECB | Global Production and Supply Chain Risks: Insights From a Survey of Leading Companies

Although geopolitical risks and their effects on global production and trade are much debated, little empirical evidence has emerged of increased fragmentation in global value chains. Disruption caused by the coronavirus (COVID-19) pandemic, the Russian war against Ukraine and increased geopolitical tensions across the board raise questions about whether we are witnessing a trend towards deglobalisation. Most analysis to date does not find evidence of significant changes in aggregate European trade patterns. Nonetheless, the ways that firms are adjusting...

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Member News

CliftonLarsonAllen (CLA) | USA, EU Fail to Reach Carbon Tariff Deal, Talks Continue on Excess Steel Tariffs

In October 2023, the U.S. and EU failed to reach an agreement to replace the Section 232 steel and aluminum tariffs with a carbon-based tariff-system, which should have led to reinstatement of tariffs on the EU and retaliatory action on billions in U.S. exports. Background As part of an agreement to suspend the Section 232 steel and aluminum tariffs on the European Union in 2021, the U.S. and EU pledged to implement a carbon-based tariff system for those products by January...

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Chapter News

ECB | Record Labour Participation: Workforce Gets Older, Better Educated and More Female

Blog post by Clémence Berson and Vasco Botelho, Senior Economists | The euro area labour market is in pretty good shape despite the recent economic shocks. The share of people in the labour force has never been higher. Who are these new workers? We find that the labour force has changed quite a bit in terms of gender, age, education level and national origin over the last two decades. But first, let’s look at more recent developments. When the pandemic...

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Member News

Ogletree Deakins | Artificial Intelligence & Immigration: President Biden’s New Executive Order

On October 30, 2023, President Biden issued a landmark executive order (EO) on artificial intelligence (AI) aimed at transforming the landscape of technology, labor, and immigration in the United States. This sweeping directive establishes new standards for AI safety and security, with a goal of protecting the privacy of U.S. residents, and promotes innovation and advancement of AI and emerging technologies. In particular, the executive order directs U.S. immigration agencies to expand the availability highly skilled immigrants and nonimmigrants...

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Chapter News

IMF | Regional Economic Outlook for Europe – Restoring Price Stability and Securing Strong and Green Growth

After having dealt successfully with the challenges of the pandemic and the energy price shock triggered by Russia’s war in Ukraine, Europe faces the difficult task of restoring price stability while securing strong and green growth over the longer term. Global shifts from geoeconomic fragmentation and the current impact of climate change have introduced new economic challenges that add to long-standing growth problems and could stall convergence. Cooling headline inflation is providing some relief to households and firms. Easing commodity...

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Member News

Littler | 2023 European Employer Survey Report

After years of disruptions from the pandemic, artificial intelligence, shifting regulations and changing employee preferences, are European workplaces finally reaching a consensus on the “new normal”? To investigate this question and other key issues facing employers, Littler surveyed 780 human resources (HR) professionals, in-house attorneys and business leaders from across Europe. The results, which inform Littler’s 2023 European Employer Survey Report, show the myriad ways in which employers are responding to changes in workplace management, policy and culture. Flexibility in Work...

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Member News

Reavis Page Jump LLP Recognized as One of Nation’s Best Law Firms

Every year, “Best Lawyers,” a peer reviewed legal publication, selects who they deem to be the best lawyers and the best law firms in the United States on the basis of carefully selected criteria.  Of course, we know that all of our lawyers are the “best lawyers,” and we are fortunate to be working with and continually learning from each other.  We take this opportunity to recognize our excellent and committed support staff, without whom the firm could not...

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