The global pandemic has dramatically affected people, governments and businesses during the past year. Is it the right time to sell? The global pandemic has dramatically affected people, governments and businesses during the past year. Many companies have had to navigate a very dynamic and volatile environment, which has included employee and customer health concerns, rapid changes in product and service demand, and supply chain disruptions, among other items. Businesses that were contemplating M&A processes have had to carefully reassess...

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On 22 March 2021, the Council of the EU amended the directive on administrative cooperation (through the so-called “DAC7”) to expand reporting obligations and exchange of information to cover sales through digital platforms. These rules would apply from 2023. In addition, DAC7 amends the actual exchange of information and cooperation between EU member states, focusing on joint actions and joint audits. These rules would apply from 2024. 1. New Reporting obligation for digital platforms Digital platform operators with nexus in the EU...

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On Friday 5 March 2021, the Dutch Ministry of Finance (the "Ministry") organised a Tax Governance Code webinar. The webinar was held following the release of an essay bundle, Tax governance, social responsibility, and ethics. Time for a tax code? (the "essay bundle"), by the Ministry in December 2020. While the essay bundle is a local Dutch initiative, it can be seen as a continuation of the ongoing international tax reform which started with the OECD's BEPS Project in 2013. In this News...

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This article is part of Portolano Cavallo’s “INFORM@Digital & IP” Newsletter. Click here to subscribe. | Protecting business know-how in the context of the employment relationship is also about preventing and managing data theft. As businesses increasingly rely on digital information storage, the risk of data exfiltration of financial records, customer information, and intellectual property/trade secrets is also increasing. Data theft often occurs when an employee leaves an organization to work for a competitor and transfers data from the company’s electronic archives to...

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Entry into force of the law of 5 March 2021 on certain rules for the implementation of Regulation (EU) No. 2019/1150 of the European Parliament and of the Council of 20 June 2019 on promoting fairness and transparency for business users of online intermediation services. On 14 March 2021, the law of 5 March 2021 on certain rules for the implementation of Regulation (EU) No 2019/1150 of the European Parliament and of the Council of 20 June 2019 on promoting...

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With the EU’s vaccine rollout beginning to gather steam and the beginning of the continent’s coveted summer season only a few months away, the European Commission this week presented its much-anticipated digital green travel certificate. Designed to bring some badly needed relief to citizens desperate for some holidays abroad, a travel industry which has in essence been shut down for almost a year, and the southern European economies heavily reliant on tourism, the certificate is seen by many as the...

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