05 Apr
Member News

Troutman Pepper | COVID-19 Vaccine – Frequently Asked Questions

Who Needs to Know All employers. Why It Matters Businesses should begin to address these issues now so that when COVID-19 vaccines are ready for widespread public distribution, they will be too. On December 11, the Food and Drug Administration announced that it would be issuing emergency use authorizations for two COVID-19 vaccines, and shortly thereafter, the first vaccinations were administered on December 14. While initial doses of the vaccine have been allocated to health care workers and long-term care residents, all businesses...

Read more

05 Apr
Member News

Littler | The American Rescue Plan Act Includes Required COBRA Subsidy

On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The law contains various provisions that impact employers, including a new COBRA subsidy. The ARPA COBRA Subsidy For a limited period, the ARPA requires employers to cover 100% of the employee’s cost of continuing group health coverage under COBRA for up to six months if an employee has lost coverage under their employer’s health care plan due to a reduction in hours or involuntary termination (for reasons other...

Read more

05 Apr
Chapter News

IMF | Taming the Wave of Small and Medium Enterprise Insolvencies

The pandemic has hit small and medium enterprises particularly hard, partly because they are predominant in some contact-intensive sectors like hotels, restaurants, and entertainment. As a result, many advanced economies risk experiencing a wave of liquidations that could destroy millions of jobs, damage the financial system, and weaken an already fragile economic recovery. Policymakers should take novel and swift action to alleviate this wave. 'Compared to past crises, this time around there is a clearer case for solvency support by governments.' Abundant...

Read more

05 Apr
Chapter News

IMF | Global Recovery: The EU Disburses SDR141 Million to the IMF’s Catastrophe Containment and Relief Trust

Washington, DC / Brussels: The International Monetary Fund (IMF) today received the European Union (EU)’s contribution of SDR 141 million (equivalent to €170 million or US$199 million) to the Catastrophe Containment and Relief Trust (CCRT), which provides grants for debt service relief to countries hit by catastrophic events, including public health disasters such as COVID-19. Jutta Urpilainen, European Commissioner for International Partnerships, said: “Through this contribution to the CCRT, Team Europe continues to stand in solidarity with its most vulnerable partners. In...

Read more

02 Apr
Chapter News

Eurogroup| To compare the EU and US pandemic packages misses the point

Opinion article by Eurogroup President, Paschal Donohoe | Comparison is inevitable at moments of great challenge. The wisdom of former US president Theodore Roosevelt that “comparison is the thief of joy”, comes to mind in contrasts between the size of stimulus packages and the strength of economic forecasts. Comparisons diminish the significant and historic efforts taken to boost our economies, and to develop and rollout vaccines at unprecedented speed. The 27 countries of the EU have stood together, ensuring that those...

Read more

02 Apr
Chapter News

OECD | Tax transparency moves forward as no or only nominal tax jurisdictions first exchange information on the substance of entities

Twelve no or only nominal tax jurisdictions1 began their first tax information exchanges today under the Forum on Harmful Tax Practice’s (FHTP) global standard on substantial activities. The standard ensures that mobile business income can no longer be parked in a low tax jurisdiction without the core business functions being carried out from that jurisdiction and that the countries where the parent entities and beneficial owners are tax resident get access through regular exchanges of information. These new annual exchanges cover...

Read more

02 Apr
Member News

Vulcan Insight | Driving the European Green Deal with renewable hydrogen energy

As the European Commission progresses on its pledge to reduce carbon emissions by 55 percent by 2030 as part of its European Green Deal, hydrogen is increasingly expected to become the future energy source of choice to drive the decarbonisation of Europe’s heavy industry and shipping in the years to come.  As the European Commission prepares to present its “Fit for 55” Agenda to revamp the EU’s energy and climate policy in June in view of achieving its goal of...

Read more

02 Apr
New York Related News

Governor Cuomo Announces 2021 Economic & Infrastructure Development Grants Available for Northern Border Communities

$4.6 Million Available for Eligible Projects Within 28 New York State Counties Grant Applications are Available Here and Due by 5 PM on May 14, 2021 Governor Andrew M. Cuomo today announced $4.6 million in federal grant funding is available for economic and community development within New York's Northern Border Region. Competitive grant funding is available for qualified projects within New York's 28 federally-designated Northern Border Regional Commission Counties. "We are moving forward to build back better than ever before, and the Northern Border...

Read more

02 Apr
Member News

Rand Insurance | What Does Business Interruption Insurance Cover?

Business interruption insurance offers businesses protection against financial loss when they are unable to operate. A typical business interruption policy will include property, liability, and business income coverage. This covers losses stemming from damage to your business property or its contents caused by a covered peril, as well as personal liability claims or loss of income if the business has to close temporarily. Most of these policies are generally used by small to mid-sized businesses. In the past year, coronavirus pandemic has...

Read more

01 Apr
COVID-19 News, Member News

MJV | Cybersecurity: how to reduce cyber attack risks in the home office era

The outlook we had previously was that companies in the financial and insurance sectors were the champs in suffering from cyber attacks, naturally because they have plenty of valuable resources: data. However, that is changing. Unfortunately, we see companies of all sectors suffering from these attacks. This is because data is everywhere. And it's worth more than oil. What the most problematic element of Cybersecurity? The ever-changing nature of risks. Therefore, measures to add new layers of security to operations and...

Read more

«‹413414415416417›»