08 Dec
Member News

Troutman Pepper | Nasdaq Proposes New Listing Rules on Board Diversity

In this vein, Troutman Pepper released a podcast to expand upon the theories asserted in these new board-diversity derivative actions, analyze potential problems for plaintiffs in sustaining the claims, and provide additional guidance on how to respond to a shareholder demand to take action to address diversity and inclusion. Listen here: Board Diversity Podcast | Momentum continues to build to mandate diversity on corporate boards. A new proposal by Nasdaq will require all Nasdaq-listed companies to have at least two diverse...

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08 Dec
Chapter News

OECD | Heads of tax administration agree global actions to meet the current economic and administrative challenges

Tax administrations are playing a critical role as governments deal with the economic recovery from COVID-19 following an unprecedented global crisis. Today, senior officials from the 53 members of the OECD Forum on Tax Administration, which includes all OECD and G20 members, agreed an ambitious agenda for the next year, focused on enhancing resilience and tax certainty as well as the digital transformation of tax administrations. The Forum on Tax Administration (FTA) held its virtual plenary meeting on 7-8 December 2020 bringing...

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08 Dec
Brexit News, Member News

Loyens & Loeff | Brexit: Luxembourg regulator clarifies actions to be taken in view of the end of the transitional period on 31 December 2020

The CSSF issued a press release on 7 December 2020 on the management of Luxembourg AIFs by UK AIFMs and the marketing of UK UCITS and AIFs in Luxembourg. UK AIFMs or impacted funds must take certain actions by 31 December 2020 at the latest to the extent no action has been taken so far. Luxembourg investment funds managed by a UK AIFM should appoint an EU-27 manager in order to maintain the EU passporting rights. Under limited circumstances Luxembourg AIFs...

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08 Dec
Chapter News

IMF | A Greener Future Begins with a Shift to Coal Alternatives

As the world economy emerges from the COVID-19 crisis, the consumption of coal is expected to recover from its sharp decline during the pandemic. Demand for coal remains strong and helps to fuel economic development in emerging markets. Yet many countries, seeking a more sustainable future, have been taking steps to reduce their dependence on fossil fuels, especially coal. Obstacles to their efforts have proven difficult to overcome, not least because people who work in the coal industry depend on...

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08 Dec
Member News

Offit Kurman | Foreign Investors Looking to Invest in a U.S. Partnership Engaged in a U.S. Business – Complexities and Delays Abound

Many foreign businesses and individuals planning on setting up or investing in a U.S. partnership or multimember LLC (“U.S. partnership”) that will be engaged in an active business in the U.S., have the following questions: What are U.S. tax consequences as a foreign investor into a U.S. partnership with an active business? As a foreign investor do I need a taxpayer identification number from the internal revenue service (“IRS”)? What should I do as a foreign investor and what...

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08 Dec
Brexit News, Member News

British-European Relations Post-Brexit | A Legal Kaleidoscope: Competition Law & Regulation

Part of a virtual workshop held on 21 September 2020; and previously published in the Institute of European & Comparative Law at Oxford University | Introduction As a result of Brexit, the UK has ceased to be a member of the European Union (EU) competition law regime. The consequences are already being felt, and will become even stronger after the end of this year. The EU-wide competition law regime is unique. The regime includes a one-stop shop for reviewing mergers (a regime...

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07 Dec
Brexit News, Member News

Vulcan Insight | Final Brexit negotiations set to go into the weekend

Expectations that a Brexit deal would be done by the end of the working week have been dashed after it was reported that the French and British clashed on key elements of the agreement, pushing negotiations into the weekend. The latest optimism for a deal to be struck by today likely originated with Irish Foreign Minister Simon Coveney commenting on Thursday that “there is a good chance that we can get a deal across the line in the next few days”. While...

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07 Dec
Member News, Trade & TTIP Related

Jaguar Freight | Global Freight Updates

Worried about recent cyber-attacks? Can’t find containers? Concerned over the Panama Canal’s congestion? Frustrated with rate increases and carrier service? Want to learn more about canceled flights to LA? Dreading the post-Brexit logistics nightmare? Don’t worry. We’ve got the inside info to help you better understand the most pressing issues the shipping industry is facing right now, and there’s no shortage of them! To start off, here are some ocean container stats we believe are pretty telling for the Port of Long...

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07 Dec
Member News

Arendt has been crowned European Law Firm of the Year

We are pleased to inform you that Arendt has just won two major awards at the The Lawyer European Awards 2020: European Law Firm of the Year Law Firm of the Year: Benelux This annual awards ceremony showcases the impressive achievements of Europe’s finest in the legal industry (excluding the UK). This year marks the first time in its history that the title of European Law Firm of the Year has been awarded to a Luxembourg law firm. This is...

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07 Dec
Member News

aicep | Adira launches world’s largest metal 3D printer

The Portuguese company, Adira Metal Forming Solutions, took the next step in metal 3D printing: AddCreator AC210, the world’s largest metal 3D printer. The new product has just come out to the market, standing out for its use of Powder Bed Fusion laser technology along with its large-scale printing capacity (1 m x 1 m x 0.5 m). With a wide range of industrial uses, the AC210 offers solutions tailored to the aeronautics and space industry, the various energy sectors, prototyping, automotive industry, and more. It enables creating unique...

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