Brexit News, Chapter News

UK has Committed Itself to Radically Contradictory Positions on Brexit and The Belfast Agreement

By John Bruton, former Irish Prime Minister (Taoiseach) WILL UK BE ABLE TO NEGOTIATE MORE EASILY WITH EUROPE IF IT BINS THE WITHDRAWAL TREATY? The new UK Foreign Secretary , Dominic Raab, has claimed on Radio 4 that the UK would find it “easier” to negotiate  a good long term deal with Brussels , if it had first crashed out of the EU , than if it ratified the Withdrawal Treaty.  Doing this would mean binning the entire content the Withdrawal Treaty,...

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Chapter News

International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy

The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced. The 129 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) adopted a Programme of Work laying out a process for reaching a new global agreement for taxing multinational enterprises. The document, which calls for intensifying international discussions around two...

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Member News

Global Cybersecurity Risks in the Manufacturing Industry

By Norma M. Krayem |  Sr Policy Advisor - Chair, Global Cybersecurity & Privacy Policy and Regulatory Team | Holland & Knight LLP With a focus on the Fourth Industrial Revolution, attention is turning to what the future of “connected everything” means for manufacturing. Cybersecurity as a systemic risk Manufacturing has long been a foundational part of the global economy and a leader in technological innovation. In a world dominated by a focus on the Fourth Industrial Revolution, and what has been...

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Member News

Legal Alert to All Employers with Employees in New York State

If you are subject to the New York or California laws requiring sexual harassment prevention training, be aware that time is running out to comply with the new legal requirements.   The upcoming deadlines for training under the new laws are: NY: October 9, 2019 CA: January 1, 2020 New York State law applies to employers with any employees who work at least a portion of their time within the state. California law applies to employers with 5 or more employees. For further information...

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Member News

Vulcan Insight Analysis of the latest EU Developments 2 – 9 August 2019

Key Events This Week Trump doubles down on China The Trump administration heightened its trade war with China on Monday by labelling China a currency manipulator. The move came after the currency fell below 7 yuan to the US dollar for the first time since 2008. This is an extension of the downward spiral in diplomatic relations. In simplistic terms, a weaker yuan makes Chinese exports more competitive, or cheaper to buy with foreign currencies and from the US perspective, it...

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Chapter News

US Business Investment: Rising Market Power Mutes Tax Cut Impact

By Emanuel Kopp, Daniel Leigh, and Suchanan Tambunlertchai | IMF US business investment has been on the rise. Since the passage of the Tax Cuts and Jobs Act at the end of 2017, US businesses have bought more machinery, developed software, and created new intellectual property. Some believe that the key to this growth in business investment has been the Act’s cut to the corporate tax rate from 35 percent to 21 percent, which lowered the cost of capital. Lower capital...

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Member News

How Businesses are Navigating Uncertainty in Today’s Geopolitical Climate

By Scott Ferguson, CEO, World Trade Centers Association (WTCA) It’s no surprise that in the current geopolitical climate, people are facing economic uncertainty all around the world. Escalating trade tensions between various countries and economic slowdowns in others have contributed to this uncertainty. So what can be done at a local level to encourage growth and prosperity while mitigating these challenges? In the second annual WTCA Trade and Investment Report: Navigating Uncertainty, conducted by the World Trade Centers Association (WTCA) in partnership...

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Member News

Technology in the workplace – an overview of employment law issues in Europe

Caroline Froger-Michon & Christopher Jordan | CMS We can no longer imagine our professional lives without modern information and communication technology. It is common for employers to provide employees with technology such as smartphones or notebooks. These communication and productivity tools are also used for social media – in both business and personal use – and are often not switched off by employees, even in their leisure time. Employees receive e-mails and calls in the evenings, on weekends, and during...

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Brexit News, Chapter News

Brexit: An orderly exit is in the interests of both parties

European Parliament’s newly constituted Brexit Steering Group chaired by Guy Verhofstadt met with EU negotiator on 24 July following the change of Prime Minister in the UK. It reiterates the EP’s position in the following statement: “The Brexit Steering Group (BSG) wishes Mr Johnson, the new UK Prime Minister, well and looks forward to working closely and constructively with him and his Government. It will find the BSG, and the European Parliament, to be an open and effective partner in the...

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Member News

Romania: State aid amendments with focus on investments in assets and new working places

By Iulian Sorescu & Bogdan Nicolae Paunescu | Noerr On 3 July 2019, the Ministry of Public Finances published two draft amendments of state aid legislation, specifically the state aid scheme governed by G.D. 807/2014 on investment in assets and the state aid scheme governed by G.D. 332/2014 on job creation. Several amendments have been proposed and are waiting to be approved by the Ministry of Public Finances after discussions with the private sector. Here are the most important ones: G.D. 807/2014...

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