Chapter News

EACCNY #COVID19 Impact Stories from Our Members – CILCare

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Celia Belline, CEO, CILcare a EACCNY member. The questions we asked our members for this series are: 1) What are some challenges you, personally and your organization have faced? 2) What are some of...

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Member News

Vulcan Consulting Announces Strategic Transatlantic Partnership with Leading DC Firm VH Strategies

May 26, 2020 | Two award winning public affairs firms join forces to deliver a comprehensive transatlantic service to their clients in the U.S and E.U. WASHINGTON, DC & BRUSSELS/DUBLIN (Tuesday, May 26, 2020) Brussels firm Vulcan Consulting and Washington DC based firm VH Strategies today announced the forging of a strategic partnership between their two operations that will allow the firms to provide comprehensive transatlantic services to their clients. Industries and organisations with transatlantic business interests will be serviced by trusted partners with a...

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Member News

FTI: Now Is the Time to Scrutinize Your Company’s Accounting Practices

April 2020 | All businesses are feeling the impact of the global lockdown due to COVID-19. Evaluating your accounting practices can place you in a better position to endure and emerge in the post-pandemic world. The humanitarian cost of the COVID-19 pandemic to communities across the world is vast and continues to grow at a troubling rate. While the priority is on safety and healthcare systems dealing with the surge of new activity and threats, concerns for business and the economy are...

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Member News

GOP: Italian Decree Law No. 33 of 16 May & No. 34 of 19 May

Decree Law no. 33 of 16 May 2020 and PMD of 17 May 2020 After the start of Phase 2 (which began on 4 May 2020) the Italian government adopted on 16 May Law Decree no. 33 concerning, inter alia, "Further urgent measures to deal with the COVID-19 outbreak" (the "DL 16 May 2020"). Moreover, on 17 May 2020, in implementation of the aforementioned DL 16 May 2020, the Prime Minister issued a new decree with specific implementing provisions (the "PMD 17...

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Member News, Trade & TTIP Related

GDLSK Update: USTR Announces Additional Exclusions Granted / Modifications on SEC. 301 List 3 Products

On May 21, 2020, the U.S. Trade Representative (“USTR”) announced that 78 items will be excluded from the Section 301 trade remedies imposed on Chinese-origin products. In addition the scope of four existing exclusions is being modified.  The newly announced exclusions / modifications all relate to items on China 301 List 3 (which is part of the $200 billion trade action) which, unless excluded, are currently subject to an additional tariff of 25% ad valorem.  The list of newly-excluded...

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Member News

FaegreDrinker: U.K. International Trade, Government Announces the U.K. Global Tariff

May 22, 2020 | Negotiations between the United Kingdom (U.K.) Government and the European Union (EU) on their post-Brexit relationship will continue into their fourth round on 1 June, following three negotiating rounds that have so far been inconclusive. If this continues, the U.K. and EU must mutually agree by the end of June whether to extend the transition period beyond 2020. If they decide not to extend, and they do not reach an agreement on their new trading terms, the...

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Chapter News

COVID-19 transport measures: Council adopts temporary flexibility for licences and port services

May 20, 2020 | The EU is adapting certain rules for different transport sectors to help companies and authorities cope in the extraordinary circumstances created by the coronavirus crisis. Today, the Council adopted temporary measures enabling the extension of the validity of certain certificates and licences in road, rail and waterborne transport, and relaxing the rules on charging ships for the use of port infrastructures. Enabling the extension of the validity of licences and certificates will provide the flexibility and legal certainty needed to maintain our supply...

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Chapter News

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

May 22, 2020 | External communication Communication in relation to the German Federal Constitutional Court ruling of 5 May 2020 On 5 May 2020 the ECB issued a press release indicating that the Governing Council had taken note of the judgement issued by the German Federal Constitutional Court earlier that day regarding the public sector purchase programme (PSPP), on which it had received a preliminary briefing by the President of the Deutsche Bundesbank and by the legal department of the ECB, and...

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Member News

Orrick: U.S. Companies Nearing Deadline to Report on Direct Investment Holdings Abroad

May, 2020 | And U.S. companies continue to be required to report after closing of acquisitions by foreign entities of 10%-or-more of their voting equity The U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”) collects statistics related to U.S. international investment and trade in services. This alert summarizes a current BEA reporting requirement related to U.S. investment abroad and key BEA reporting requirements related to foreign direct investment in the United States. These requirements are independent of filings with and proceedings...

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Member News

Vulcan Insight: France and Germany propose €500 Billion Eurobonds

May 21, 2020 | German Chancellor Angela Merkel and French President Emmanuel Macron presented a joint initiative for a €500 billion coronavirus Recovery Fund to kickstart Europe’s economic recovery. In a surprise move for the German Chancellor, however, the fund is to be financed through mutual debt, i.e. Eurobonds. The proposal is a u-turn by Germany which had been one of the most ardent opponents of any mutualisation of national debt at the EU-level over fears that it may be called upon should...

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