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. Today, we present Angelo A. Stio III, Partner, and Robyn R. English-Mezzino, Associate, both at TROUTMAN PEPPER LLP in New York City and Princeton, NJ; along with Vincent Wellens, Partner, and Lindsay Korytko, Senior Associate, both at NAUTADUTILH in Luxembourg. They will address: “The Impact of Schrems II on EU and US...

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With only some six weeks until Germany goes to the polls on 26 September to replace incumbent Chancellor Angela Merkel, the leading parties continue to be a in head-to-head race – even if their lead candidates seem to disappoint.  After 16 years at the helm of Europe’s largest economy, the race to move into the Chancellery continues to be tighter and more unpredictable than most analysts had expected as a result of mini (and very German) scandals, uninspiring leadership candidates...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES New York: Pandemic could cut assessed property values by 10% The pandemic slammed New York City’s retail, office and hotel sectors, a hit that may mean a sharp...

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Uniform EU-wide definition of “beneficial owner” More natural persons classified as beneficial owners More transparency obligations for trusts On 20 July 2021, the European Commission introduced a package of legislative proposals to combat money laundering, including a draft EU Money Laundering Regulation (COM/2021/420) and a sixth EU Money Laundering Directive (COM (2021) 423). The EU Money Laundering Regulation harmonises provisions on issues such as CDD identity verification and identifying beneficial owners. The sixth EU Money Laundering Directive includes certain...

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On August 6, the Securities and Exchange Commission (SEC) approved Nasdaq’s proposed “Board Diversity Rule,” noting that this new listing standard “represents a step forward for investors on board diversity.” As discussed in our prior client alert on Nasdaq’s proposed rule changes, the new Board Diversity Rule requires all Nasdaq-listed companies (subject to certain exceptions described below), including smaller reporting companies, to have at least two diverse directors (or explain the reasons why they do not), including one self-identified female and...

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EU businesses’ climate-related investment continues to evolve despite COVID-19. Climate change’s ultimate impact may still be hazy for many businesses, but more EU firms are investing to protect themselves than US firms. Uncertainty about regulation and taxation cited as the biggest obstacle to climate-related investment. Although investment in energy efficiency measures has increased, Europe’s energy savings potential remains largely untapped. As Europe shows global leadership in the fight against climate change with the Green Deal and the new “fit...

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