Chapter News

Europe Accounts for 62% of all FDI Employment in Florida

Enterprise Florida, Florida’s economic development agency, published its latest report on foreign-direct investment in Florida in January 2022. It states that “according to the Bureau of Economic Analysis, Florida ranked fifth (5th) in the nation in 2019 in terms of foreign direct investment employment, and 1st in the Southeastern U.S. with a total of 366,100 jobs supported by majority foreign-owned companies.” Most notably, majority foreign-owned companies from Europe account for the largest share BY FAR at 62 percent of...

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Member News

EIB | Shopping for a new car? Most Europeans say they will opt for hybrid or electric

The second part of the 2021-2022 EIB Climate Survey explores people’s views on climate change in a rapidly changing world. The results from this release focus on citizens’ individual behaviour and the actions they are taking to combat climate change. Explore the results from this release of the Climate Survey. Main findings 78% of Europeans feel they are doing all they can to fight climate change in their daily lives, but the majority believe that their compatriots are not doing the...

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Member News

Vulcan Insight | Shaping Europe’s digital future: Assessing the EU’s new Data Act

On Wednesday, the European Commission formally adopted the proposed regulation on harmonised rules on fair access to and use of data, otherwise known as the Data Act. The Data Act forms a key cornerstone of the European strategy for data, and is expected to make a crucial contribution to the digital transformation objective of the “Digital Decade”. Through the Act, the European Union aims to kick-start innovation across all member states by pushing companies across all sectors of Europe’s economy to...

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Member News

Wilson Sonsini | Is Regulation of NFTs to Combat Financial Crime on the Horizon?

On February 4, 2022, the United States Department of the Treasury (the Treasury) issued a report titled, "Study of the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art." The report discusses how the high-value art market, including certain non-fungible tokens (NFTs), is vulnerable to financial crime and susceptible to abuse by illicit actors. The report concludes with recommendations that would require certain art market participants to implement and maintain anti-money laundering / countering...

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Chapter News

OECD | Tax challenges of digitalisation: OECD invites public input on the draft rules for tax base determinations under Amount A of Pillar One

As part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD is seeking public comments on the Draft Rules for Tax Base Determinations under Amount A of Pillar One. The purpose of the tax base determinations rules is to establish the profit (or loss) of an in-scope MNE that will be used for the Amount A calculations to reallocate...

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Member News

DeMarco Law | Legal Implications of Cyber War in Ukraine

With Russia’s military invasion of Ukraine, the “Theatre of Operations” has already included the Cyber Domain, with cyber-attacks launched in recent days against Ukrainian government websites, banks, corporations, and other organizations. Given the interconnected and open nature of the Internet, it is therefore prudent to consider the possibility that either direct or collateral cyber-damages could affect businesses around the world, among them those in Europe and the United States.  In light of recent events, therefore, we recommend reviewing the following...

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Chapter News

EU Commission sets out strategy to promote decent work worldwide and prepares instrument for ban on forced labour products

Today, the Commission presents its Communication on Decent Work Worldwide that reaffirms the EU's commitment to champion decent work both at home and around the world. The elimination of child labour and forced labour is at the heart of this endeavour. The latest figures show that decent work is still not a reality for many people around the world and more remains to be done: 160 million children – one in ten worldwide – are in child labour, and 25...

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Chapter News

Data Act: EU Commission proposes measures for a fair and innovative data economy

On 23 February 2022, the Commission proposes new rules on who can use and access data generated in the EU across all economic sectors. The Data Act will ensure fairness in the digital environment, stimulate a competitive data market, open opportunities for data-driven innovation and make data more accessible for all. It will lead to new, innovative services and more competitive prices for aftermarket services and repairs of connected objects. This last horizontal building block of the Commission's data...

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Member News

EXEO Attorneys | Canada & U.S. Immigration Update: February 2022

The following is a summary of updates regarding travel restrictions as of February 22, 2022 and applicable health regulations for Canada and the United States. End of negative PCR testing for COVID-19 upon arrival in Canada Effective February 28, 2022, properly vaccinated travellers entering Canada by air or land will be exempt from presenting a negative PCR test to Canadian Customs. They will only need to present a negative antigen test within 24 hours of their scheduled flight or arrival at...

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Member News

Osborne Clarke | ‘Green jobs’ and ‘green HR’: the decarbonisation transition from a workforce perspective

Businesses will have a key part to play in driving forwards the UK government's sustainability agenda In the aftermath of COP26, attention has turned to how employers can help meet the UK's ambitious environmental net zero commitments from a workforce perspective, through the transition to "green jobs" and "green HR". But what is green HR and how can it help drive the green job transition? In the aftermath of COP26, attention has turned to how employers can help meet the UK's...

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