Chapter News

USCIS Modifies H-1B Selection Process to Prioritize Wages

Rule Expected to Protect the Economic Interests of American Workers | WASHINGTON—U.S. Citizenship and Immigration Services has announced a final rule that will modify the H-1B cap selection process, amend current lottery procedures, and prioritize wages to protect the economic interests of U.S. workers and better ensure the most highly skilled foreign workers benefit from the temporary employment program. Modifying the H-1B cap selection process will incentivize employers to offer higher salaries, and/or petition for higher-skilled positions, and establish a more certain path...

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Member News

CLA | VERY Frequently Asked Questions About the Expanded Employee Retention Credit

Key insights New legislation brought changes to the employee retention credit, including updates to the quarterly comparison dates you can use to qualify. Certain S corporation owners may claim the credit for their own wages, but there are restrictions. Review the interplay of ERC, PPP loans, Families First, WOTC and other wage-related credits to help protect yourself from issues related to double-dipping. The Consolidated Appropriations Act, 2021 (CAA 2021) broadened the applicability of the employee retention credit (ERC), bringing eligible employers greater...

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Chapter News, Trade & TTIP Related

OECD | Services trade restrictions increased in 2020, compounding COVID-19 economic shock

The global regulatory environment for services trade became more restrictive in 2020, with new barriers compounding the shock of the COVID-19 pandemic on exporters, according to a new OECD report. OECD Services Trade Restrictiveness Index (STRI): Policy trends up to 2021 shows an increasing pace in the erection of new barriers to services trade across all major sectors. New restrictions are affecting services traded through a range of commercial establishments, in sectors including computer services, commercial banking and broadcasting. Global...

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Chapter News

Intellectual Property and Digital Transition Conference – 11 February

The Portuguese IP office (INPI) is organising a virtual high-level conference on Intellectual Property and Digital Transition, on 11 February 2021. Under the theme of ‘The Intellectual Property metamorphosis in the Age of Digital Transition - Remember the past, Act in the Present, and Reflect on the challenges of the Future’, the conference will focus on two central themes: digital transition and intellectual property. The event has been organised within the framework of activities of Portugal’s presidency of the Council of the...

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Chapter News

Southern Neighbourhood: EU proposes new Agenda for the Mediterranean

To relaunch and strengthen the strategic partnership between the European Union and its Southern Neighbourhood partners, the European Commission and the High Representative today adopted a joint communication proposing an ambitious and innovative new Agenda for the Mediterranean. The new Agenda is based on the conviction that by working together and in a spirit of partnership, common challenges can be turned into opportunities, in the mutual interest of the EU and its Southern neighbours. It includes a dedicated Economic and Investment...

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Member News

EIB Group activity in Portugal: highest lending volumes since 2014

In 2020, the EIB Group supported 27 operations in Portugal for a total volume of more than €2.3 billion, an increase of 44% compared to 2019. Portugal was the 4th EU country benefiting the most from EU bank’s support as a percentage of GDP and it ranks 9th in absolute terms. 56% of total EIB Group lending activity in the country was for COVID-19-related projects. Portugal was the 4thlargest beneficiary of the EIB Group’s financial support for small and medium-sized...

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Member News

Troutman Pepper | Raising Capital During Periods of Extreme Price Volatility

On February 8, in light of recent market volatility in the options and equities markets, the Division of Corporation Finance (Division) of the U.S. Securities and Exchange Commission (Commission) published guidance for issuers seeking to raise capital during times of extreme price volatility. While recognizing the importance of capital formation, even during times when an issuer’s own securities are experiencing extreme price volatility, the Division cautioned that such price volatility can create risks for both the issuer and its investors. The...

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Member News

Houthoff | Investment banks and private equity investors further exposed to parental liability for competition law infringements by portfolio companies

The Court of Justice of the EU ("CJEU") has established in case law that a parent company can be held liable for its subsidiary's competition law infringements. This applies if the parent company exercises decisive control over the subsidiary regarding the relevant activities. The CJEU ruled in the Akzo case that there is a rebuttable presumption that a parent company exercises decisive influence when it directly or indirectly holds all or almost all of a subsidiary's share capital. To rebut the presumption,...

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Member News

CEA Legal | Investor and Employment-Based Visas

Under the new U.S. administration, major changes are expected in the field of business immigration, which is the branch of U.S. immigration law regarding investor and employment-based visas. Although some of the most significant reforms, such as the introduction of a start-up visa or the removal of cap-numbers on H1-B specialty occupations visas, will need to be approved by the U.S. Congress, foreign companies, investors, and individuals with extraordinary abilities will already enjoy a friendlier environment in light of...

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Member News

MHC | COVID-19 Inspiring Technology Innovation

The COVID-19 pandemic is one of the biggest global challenges of the last 50 years. The unprecedented global health crisis has caused significant economic challenges for both businesses and consumers. Technology and science is at the forefront of the medical response to combat the virus. Outside of the medical sector, the social distancing measures and lockdown restrictions have also accelerated a general market trend of digital innovation and digitalisation in society that many are calling the ‘new normal’. Technology is...

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