Chapter News

European Commission and United States Joint Statement on Trans-Atlantic Data Privacy Framework

The European Commission and the United States announce that they have agreed in principle on a new Trans-Atlantic Data Privacy Framework, which will foster trans-Atlantic data flows and address the concerns raised by the Court of Justice of the European Union in the Schrems II decision of July 2020. The new Framework marks an unprecedented commitment on the U.S. side to implement reforms that will strengthen the privacy and civil liberties protections applicable to U.S. signals intelligence activities.  Under the...

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Chapter News

Joint readout by the European Council and the United States

Today, the European Council was joined by President Joseph R. Biden, Jr. of the United States. The leaders discussed the coordinated and united response of the European Union and the United States to Russia's unprovoked and unjustified military aggression in Ukraine. They reviewed their ongoing efforts to impose economic costs on Russia and Belarus, as well as their readiness to adopt additional measures and to stop any attempts to circumvent sanctions. Leaders discussed the urgent needs caused by Russia’s aggression, committed to...

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Member News

Littler | The Scale-up Visa: Who Will Benefit from this New UK Immigration Route?

With UK job vacancies at a 20-year high, an economy bouncing back from the pandemic and no more free movement within the EU, new work visa routes in March’s Immigration Rules changes can’t come too soon for many businesses. The next pillars of the UK’s post-Brexit immigration system set out in the 202-page March Statement of Changes include the Government’s flagship Scale-up visa, Global Business Mobility and High Potential Individual. Hailed as “the biggest visa improvement in a generation” by the...

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Member News

US and Europe Issue Joint Statement Announcing Agreement on New Trans-Atlantic Data Privacy Framework to Replace EU-US Privacy Shield

On March 25, a huge sigh of relief was heard from businesses and organizations located throughout the United States and Europe after the U.S. and European Commission announced their agreement in principle on a new Trans-Atlantic Data Privacy Framework (Framework) to effectuate the cross-border transfer of personal data from the European Union (EU) to the U.S. After more than a year of discussions, the announcement brings hope that the Framework will alleviate the uncertainty caused by the Court of...

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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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