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 Judith L. O’Grady, Partner at TROUTMAN PEPPER in Washington D.C.; along with Elisa Stefanini, Counsel at PORTOLANO CAVALLO in Milan, Italy. They will address: “The Medical Device Regulation in the EU and the United States and its impact on software as a medical device”. 1. The new Medical Device Regulation...

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With the explosive growth of e-commerce, there has been a move to adapt the VAT system, initially built for offline transactions. A VAT e-commerce package for business-to-consumer (B2C) transactions came into force as from 1 July 2021. It has several objectives: to facilitate online sales within the EU market by easing the VAT compliance burden; to achieve equal treatment of EU and non-EU operators selling goods on the European market; to move towards implementing the principle of taxation in the...

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While there has been a great deal of press in the last year about the Employee Retention Credit and other payroll assistance provisions included in the economic recovery legislation, we want to remind you of an important employee related credit that is not new and is ongoing through at least 2025. Work Opportunity Tax Credit When you hire people from targeted categories and employ them for at least 120 hours, you can reduce your federal tax liability by up to $9,600...

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On Tuesday, the European Commission presented its Sustainable Finance Strategy to make the financial system more sustainable. At the same time, the Commission also proposed a new European Green Bond Standard to “create a high-quality voluntary standard for bonds financing sustainable investment.” According to Commissioner in charge of Financial Services, Financial Stability, and Capital Markets Union, Mairead McGuinness, the new strategy will significantly contribute “investment to green the economy and create a more inclusive society.” The Sustainable Finance Strategy comes a week before the...

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A Data Mosaic approach to risk management can help identify emerging topics and narratives often missed by traditional approaches. Sentiment data, along with other alternative datasets, is commonly used by asset managers to achieve market-beating returns, yet it remains widely underutilized within risk management. In this paper, we examine several examples of topical events that have impacted markets globally, and how news data can be incorporated within business practices to prevent and mitigate risk in real-time. Specifically, we will unpack the...

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