18 May
Chapter News

U.S. FTC | Cryptocurrency investment scam reports at record level: 5 facts suggest caution

Thinking about adding cryptocurrency to your investment portfolio? The number of Americans investing in cryptocurrency has increased. But as a new FTC Consumer Protection Data Spotlight suggests, the number who report getting stung by cryptocurrency investment scams has skyrocketed. You’ll want to read the Data Spotlight in detail, but here are five facts that suggests caution before sinking your savings into cryptocurrency. Consumers report losing millions to cryptocurrency scams. Since October 2020, nearly 7,000 consumers have reported losses to cryptocurrency scams totaling more than...

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17 May
Member News

IPTI | Update on U.S. & European Property Tax Issues: May 2021

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 a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). UNITED STATES Pandemic-Driven Devalued Retail Real Estate Owners Should Seek Property Tax Reductions Retail real estate has been one of the hardest hit markets by the COVID-19 pandemic....

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17 May
Member News

Who Will Regulate Central Bank Digital Currencies?

This was previously posted in the Columbia Law School Blue Sky Blog | Though a bit provocative, this headline raises a liminal question on the various projects of Central Bank Digital Currencies (CBDBs): Which  governance will apply to them? Or as Juvenal, the poet in ancient Rome, famously asked, “Who will guard the guards themselves?” What Is a Central Bank Digital Currency? A CBDC is the digital form of a country’s fiat currency and, like traditional currency, represents a claim on that...

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17 May
Member News

Steptoe | New Executive Order on Cybersecurity Promises Major Changes Ahead for Government Contractors … and Beyond

On May 12, 2021, President Biden signed a landmark Executive Order to improve and modernize the federal government’s cybersecurity infrastructure. The Executive Order comes in the wake of numerous cyber incidents targeting the United States, including the so-called SolarWinds, Microsoft Exchange, and Colonial Pipeline incidents. The Executive Order will directly affect government contractors, including companies that sell software to the government or provide IT services. More broadly, but less directly, the Executive Order is likely to influence the informal, and eventually...

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17 May
Member News

Faegre Drinker | Disruptionware: A New Cyber Threat Targeting Critical Infrastructure

Disruptionware is an emerging type of cyberattack calculated not only to disrupt the availability, integrity and confidentiality of victims’ data, systems and networks, but also to interrupt or shut down the essential business operations functions of its victims. More destructive than traditional malware and ransomware attacks which typically only target a victim’s systems and networks, disruptionware attacks target both the “information technology” (IT) and “operational technology” (OT) networks of its victims. In other words, disruptionware attacks target victims’ physical...

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17 May
Chapter News

Sustainable Blue Economy – Questions and Answers

What is the blue economy and how is it contributing to the overall economy? The blue economy encompasses all industries and sectors related to oceans, seas and coasts, whether they are based in the marine environment (e.g. shipping, fisheries, energy generation) or on land (e.g. ports, shipyards, land-based aquaculture and algae production, coastal tourism). It is a broad, fast-moving segment of our economy, where over the past decade significant steps have been taken to modernise and diversify. Alongside traditional sectors, innovative...

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17 May
Chapter News, Trade & TTIP Related

Joint European Union-United States Statement on addressing global steel and aluminum capacity

European Commission Executive Vice-President Valdis Dombrovskis, United States Trade Representative Katherine Tai and U.S. Secretary of Commerce Gina M. Raimondo today announced the start of discussions to address global steel and aluminum excess capacity. During a virtual meeting last week, the leaders acknowledged the need for effective solutions that preserve our critical industries, and agreed to chart a path that ends the WTO disputes following the U.S. application of tariffs on imports from the EU under section 232. Executive Vice-President Dombrovskis, Ambassador...

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17 May
Chapter News

European Green Deal: Developing a sustainable blue economy in the European Union

Today, the European Commission is proposing a new approach for a sustainable blue economy in the EU for the industries and sectors related to oceans, seas and coasts.  A sustainable blue economy is essential to achieving the objectives of the European Green Deal and ensuring a green and inclusive recovery from the pandemic. Frans Timmermans, Executive Vice-President for the Green Deal said: “Healthy oceans are a precondition for a thriving blue economy. Pollution, overfishing and habitat destruction, coupled with the effects of the climate crisis, all...

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14 May
Member News

Littler | Social and Political Issues and the Workplace – Implications for Employers

Over the past year, employers have had to grapple with seismic social, cultural, and political developments impacting profoundly how they do business. From a worldwide pandemic severely affecting global communities, markets and workplaces, to the murder of George Floyd catapulting racial and social justice issues to international prominence, to a tumultuous presidential election and its resulting fallout, to the brutal attacks on the Asian American and Pacific Islander (AAPI) community, there has been a fundamental shift in how employers...

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14 May
Chapter News

IMF | How Strengthening Standards for Data and Disclosure Can Make for a Greener Future

Imagine you plan to invest your savings and are looking for a firm or sector with a sustainable business model or a project that can make a real difference in the transition to a low-carbon economy. Where do you get reliable information to assess and compare projects from different companies? "Data gaps make it difficult to assess firms’ exposure to climate risk." To give investors access to decision-useful information to effectively price and manage climate risks, there is an urgent need to...

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