13 Jul
Member News

FTI Consulting | 4 Simple Steps to Determine Cybersecurity Gaps in the Work-From-Home Era

Millions of workers around the world have shifted from offices to working from home since the COVID-19 outbreak. Here, Joshua Burch, FTI’s Head of Cybersecurity in EMEA, offers timely advice for businesses to help mitigate the increased risk of a cyber breach that comes with that shift. The sudden surge in remote working, while a practical solution to the acute circumstances caused by the COVID-19 pandemic, is causing challenges for information security teams. The flood of employees logging in to...

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10 Jul
Chapter News

Statement from the OECD Secretary-General

10/07/2020 - OECD Secretary-General Angel Gurría announced today to the OECD Council that he will not be seeking an additional mandate to lead the Organisation. He has issued the following statement: “During the 14 years that I have been leading the OECD, I have strived to make it more visible, more relevant, more impactful, more efficient. All to better serve our Members, first and foremost, as well as our Partner countries. In the context of the worst pandemic since the ‘Spanish flu’...

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10 Jul
COVID-19 News, Member News

Portolano Cavallo | Decreto Rilancio: Overview of the main measures to support business and companies in Italy

The Italian government has approved Law Decree No. 34 of May 19, 2020 (“Decreto Rilancio”), which includes several measures aimed at providing additional support to businesses impacted by the COVID-19 emergency. Below is an overview of said measures. A. Reduction of IRAP (Regional Tax on Production Activities) Section 24 of the Decreto Rilancio sets forth an exemption for companies and self-employed workers with revenues not exceeding EUR250 million in the last financial year from payment of (1) the balance of IRAP for the current tax period until December...

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10 Jul
Member News

Vulcan Insight | Ireland’s Donohoe beats Calviño to become Eurogroup President

Paschal Donohoe is celebrating his victory after beating his rival candidates from Spain and Luxembourg to preside over the Eurogroup, a grouping of finance ministers from the eurozone. The three horse race became a two-horse race after Pierre Gramegna, the Luxembourg candidate, withdrew after the first round of votes. In the second and final round of online votes cast in a secret ballot, Donohoe beat Spain’s Calviño. Taking to twitter, Donohoe said his “immediate priority” is to facilitate agreement on the...

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10 Jul
Chapter News

EACCNY | EACCNY Executive Director Interviewed by the Transatlantic Business & Investment Council (TBIC)

This interview of Yvonne Bendinger-Rothschild, the Executive Director of EACCNY, was featured in Transatlantic Business & Investment Council's (TBIC) market insight on FDI-related developments in Europe for July 2020. Yvonne joined the European American Chamber of Commerce New York Chapter (EACC) as its Executive Director in October 2010. The EACC's goal is to stimulate transatlantic trade & business development, and to facilitate exchange and develop relationships between European and American businesses and professional organizations. As part of her role, she focuses on providing EACC’s...

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10 Jul
Chapter News

Video conference of economics and finance ministers, 10 July 2020

Main results Economic impact of COVID-19 and recovery measures Ministers exchanged views on the progress achieved on the implementation of measures to respond to the COVID-19 crisis at EU level. The European Commission and the European Central Bank (ECB) presented their assessment of the current situation. We are at a crucial moment in our response to the economic consequences of the COVID-19 crisis. We are stepping up our efforts to make sure that companies, employees and member states can access the funds...

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09 Jul
Member News

AXA-IM | Can Working from Home Save the Planet?

Remote Working can be a Double-Edged Sword of Opportunity, Emissions The COVID-19 pandemic is having a profound impact not just on the way we live, but also on the way we work. Around the world, employees are working from home, fundamentally changing a professional standard of physically reporting to an office location, which has been the norm for decades. This seemingly simple shift can pose a potential threat to our environment, but also provides an opportunity to create an even...

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09 Jul
Brexit News, Chapter News

Getting ready for the end of the transition period with the UK: European Commission adopts “readiness” Communication

The European Commission has today adopted a Communication to help national authorities, businesses and citizens prepare for the inevitable changes that will arise at the end of the transition period. Changes will occur to cross-border exchanges between the EU and the UK as of 1 January 2021– irrespective of whether an agreement on a future partnership has been concluded or not. Commission President Ursula von der Leyen said: "The British people decided in a democratic election to leave the European Union and its benefits....

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09 Jul
Chapter News

Parliament adopts major reform of road transport sector

Improving drivers’ working conditions Clear rules on posting of drivers Better enforcement to fight illegal practices Parliament backs revised rules to improve drivers’ working conditions and stop distortion of competition in road transport. MEPs endorsed all three legal acts without any amendments, as adopted by EU ministers in April 2020. The political agreement with the Council was reached in December 2019. The revised rules for posting of drivers, drivers’ driving times and rest periods and better enforcement of cabotage rules (i.e. transport...

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09 Jul
Member News

TroutmanPepper | Five Key Points About the DOL’s New Fiduciary Rule

On June 29, 2020, the U.S. Department of Labor (DOL) announced a new proposed class exemption to certain prohibited transaction restrictions in the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Internal Revenue Code of 1986, as amended (the Code), entitled “Improving Investment Advice for Workers & Retirees.” The proposed exemption is intended to help workers and retirees by preserving the wide availability of investment advice arrangements and products for retirement investors. The proposed exemption...

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