Statement by Werner Hoyer, President of the EIB: The EIB welcomes the European Council’s call for more climate action: ”The EU Bank welcomes the request by the European Council to step up our activities in support of climate action. Last week I informed EU economy and finance Ministers that the EIB was prepared significantly to step-up its support to climate action if the EU Member States asked us to do so. They have now given us a very clear steer,...

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By Simone R.D. Francis & Shabri Sharma | Ogletree Deakins As we previously reported, the New York State Senate and Assembly recently passed Senate Bill 5248A and Senate Bill 6549. Governor Andrew Cuomo signed both bills, and both became law on July 10, 2019. Senate Bill 5248A, which amends Section 194 of the New York Labor Law, prohibits wage differentials based on any protected class. This law will take effect on October 8, 2019. Senate Bill 6549, now Section 194-A of...

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 Offit Kurman, one of the fastest-growing law firms in the mid-Atlantic, is strategically expanding into the Southeast by affiliating with one of Charlotte’s oldest and most respected law firms. Starting September 1, 2019 the attorneys and staff of Horack Talley will be joining Offit Kurman. The affiliation extends Offit Kurman’s geographic footprint to encompass roughly half of the East Coast and lays the foundation for further expansion for the firm.   Fifty-one employees of Horack Talley, including 27 lawyers, will become...

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On 12 July 2019, the Dutch government published a legislative proposal implementing the Mandatory Disclosure Directive (Directive). The legislative proposal introduces mandatory disclosure rules based on which qualifying intermediaries and – under certain circumstances – taxpayers need to report certain arrangements to the relevant tax authorities. These arrangements concern potentially aggressive tax planning arrangements with a cross-border dimension and arrangements designed to circumvent reporting requirements like the Common Reporting Standard and Ultimate Beneficial Owner reporting. Implementation of the legislative proposal...

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By Alan Winston Granwell,  William M. Sharp,  Robert G. Lorndale,  Christopher Fiore Marotta | Holland & Knight In an unanticipated development, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) recently issued regulations (New Guidance) that significantly modifies the taxation of U.S. persons owning stock of foreign corporations through domestic partnerships. The New Guidance will impact planning and 2018 compliance/reporting decisions. For domestic partnerships and limited liability companies (LLCs) with minority U.S. partners, including private equity...

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