Member News

EACCNY “Digitalization” Series | How to Navigate Digitalization & Automation from both an Accounting & Legal Standpoint

With the help of our members, this thought-leadership series explores the acceleration of "digitalization" due to COVID-19 on both sides of the Atlantic, and across various industries. In an increasingly digital world, the need for instant, automatic information is at an all-time high. Accounting and financial reporting processes are no exception. While the automation of accounting services and financial reporting can streamline and optimize business operations, it can also present legal challenges that businesses need to be aware of. Amesto...

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Member News

Offit Kurman Appoints Principal Laura J. Winston to Intellectual Property Practice Group Leader

Laura Winston focuses her law practice primarily on trademarks, copyrights, and the internet, representing a broad range of domestic and international clients from individual business owners and small startup ventures to established Fortune 500 and publicly traded companies. Ms. Winston's experience covers various industries, including pharmaceuticals and medical devices, gaming software and hardware, alternative energy, travel and transportation, and others. Laura represents clients in the US and internationally, from New York to New Zealand. Laura advises clients as Emerging technologies and...

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Chapter News

EU Commission outlines options to mitigate high energy prices with common gas purchases and minimum gas storage obligations

Following up rapidly on the REPowerEU Communication and the Versailles Declaration, the Commission has set out ideas today for collective European action to address the root causes of the problem in the gas market and ensure security of supply at reasonable prices for next winter and beyond. Leaders will continue the discussion on these options at this week's European Council. Commissioner for Energy, Kadri Simson, said: “Global and European energy markets are going through turbulent times, particularly since the Russian...

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Member News

Vulcan Insight | EU proposes joint gas purchases and minimum storage quotas

The European Commission continues to take rapid steps towards ending its vulnerable overreliance on Russian energy imports, particularly regarding gas. Following on the heels of the Commission’s REPowerEU Communication and the Versailles Declaration, the Commission this week proposed new measures for joint EU purchases of gas and minimum storage quotas. The aim, according to Energy Commissioner Kadri Simson, is to provide “swift action to ensure our energy supply for next winter, and to alleviate the pressure of high energy bills on...

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Chapter News

IMF | Special Purpose Entities Shed Light on the Drivers of Foreign Direct Investment

Conventional wisdom on capital flows holds that foreign direct investment is for the long-term, while securities and other flows may be more volatile. However, as Olivier Blanchard and Julien Acalin showed, a large proportion of measured foreign direct investment can be flows going in and out of a country on their way to a final destination. What explains this? The answer is special purpose entities (SPEs). SPEs are legal entities set up to obtain specific advantages from a host economy, in...

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Chapter News

Digital Markets Act (DMA): agreement between the Council and the European Parliament

The Council and the Parliament today reached a provisional political agreement on the Digital Markets Act (DMA), which aims to make the digital sector fairer and more competitive. Final technical work will make it possible to finalise the text in the coming days. The DMA defines clear rules for large online platforms. It aims to ensure that no large online platform that acts as a ‘gatekeeper’ for a large number of users abuses its position to the detriment of companies...

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Member News

Orrick | The European Antitrust Enforcers’ Response to the Russia/Ukraine Crisis

After the various measures taken by countries, international organizations and companies to pressure Russia to stop its aggression against Ukraine, it is now the turn of the antitrust enforcers of the European Competition Network (ECN) to make their contribution. They did so by publishing a joint statement on 22 March, in which they indicated that they would be pragmatic, if not flexible, in assessing the behaviour adopted by companies in response to the severe difficulties encountered in connection with the war....

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Chapter News

OECD | New results on the prevention of tax treaty shopping show progress continues with the implementation of international tax avoidance measures

The implementation of the BEPS package to tackle international tax avoidance continues to progress, as the OECD releases the latest peer review report assessing the actions taken by jurisdictions to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project. This peer review process, which includes data on tax treaties concluded by each of the 139 jurisdictions that were members of the OECD/G20 Inclusive Framework on BEPS on 31 May 2021, was...

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Member News

Wilson Sonsini | Antitrust: Into the Metaverse

Are antitrust concerns a built-in feature of the Metaverse? In two popular science-fiction novels, Neal Stephenson's Snow Crash and Ernest Cline's Ready Player One, the Metaverse is run by single companies, or "monopolists," as antitrust lawyers might put it.1 In Ready Player One, a company called IOI even tries to get control of the monopoly to impose monthly fees on users and introduce advertising. Real-life antitrust regulators, sensitized by a perceived accumulation of market power in today's online world,...

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Member News

Thompson Hine | SEC Releases Long-Awaited Proposed Climate Disclosure Rules

On March 21, 2022, the SEC released its long-awaited climate disclosure proposal, which is modeled, in part, on the Task Force on Climate-related Financial Disclosures (TCFD) framework. Among other things, the proposed rules would require a company to disclose in its annual report on Form 10-K information regarding: • Climate-related risks; • Direct greenhouse gas (GHG) emissions (Scope 1 emissions), indirect GHG emissions resulting from purchased energy (Scope 2 emissions), and, if material or if the company has set a target...

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