Member News, Uncategorized

Cozen O’Connor | Immigration Catch Up: October 2023

October 2023 not only provided amazing Halloween costumes but big updates to the United States and global immigration. The Cozen O’Connor catch-up this month highlights these changes and provides the details you need to determine how or if these changes impact you and your business. In the United States, the Department of State (DOS) has a proposal to enable H-1B visa holders to renew their visas in the United States (this program had been discontinued in 2004). The U.S. Citizenship...

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PwC | What’s next for these five crypto and NFT trends in 2023?

Digital assets are moving fast — so fast, that our start-of-the-year predictions are now ripe for an update. The big picture is not to let skeptics discourage you. “Crypto winter” hasn’t ended, but many crypto natives and traditional financial institutions aren’t hibernating. They’re building, laying the foundations for an upturn. Here’s how the five trends we called out at the start of 2023 are looking so far — and what to expect next. 1. Trust is the new killer app Digital asset companies have...

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Littler Mendelson | Changes to Flexible Working Regime in the UK – What Employers Need to Know

On July 20, 2023, UK’s Employment Relations (Flexible Working) Bill 2023 received Royal Assent and is currently expected to come into force in Summer 2024, though a precise date has not yet been confirmed by the government. Despite campaigning from industry groups and recommendations from the government’s own Flexible Working Taskforce to make flexible working the default position for workers back in May 2021, the new Act does not make flexible working a “day 1” right, and the eligibility requirements...

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Ad Altius Advisors | The New Superpower: Psychological Fitness is the New Secret Strength of a Business

Psychological fitness is no longer a fringe concept in business; it's a vital organizational concern and a determining factor in the high-stakes arena of modern leadership. In a world where billions of dollars can rely on split-second decisions, psychological strength has become the cornerstone of executive success. It's the armor that shields against the unforeseen and enables leaders to guide their organizations through crisis, while preserving or even enhancing value.  The dark days of the pandemic has brought about a...

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Trepp | European (CRE) Market Update

A barometer for investors’ expectations of eurozone inflation – the 5-year, 5-year forward inflation swap – has reached a 13-year high at 2.66%, as reported by Financial Times. This greatly exceeds the European Central Bank target of 2% and has been somewhat attributed to the rising oil prices. Although interest rates were projected to remain constant for at least a year, as reported by Trepp last week, approximately 50% of investors anticipate one more rate hike this year. Furthermore, additional...

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Loyens & Loeff | ESG litigation – the criminal angle of greenwashing?

In a market that is becoming more conscious of the environmental (and social) impact of corporate activities, businesses in a vast array of sectors are keen to capitalise on this new trend by actively promoting their 'green' credentials. This incentive can lead to an increased risk of 'greenwashing' claims, as echoed by the recent international press. The present article is the first of the series that we want to dedicate to ESG (litigation) issues. As a starter, we discuss the...

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Noerr | 18th Regulation Amending the Foreign Trade and Payments Regulation in effect

On 3 May 2022, the 18th Regulation Amending the German Foreign Trade and Payments Regulation (18. Verordnung zur Änderung Außenwirtschaftsverordnung – AWV) entered into force. This law defines new administrative offences that are subject to fines so that penalties can be imposed for violations of sanctions entailing restrictive measures against Belarus, Russia and the regions of Ukraine not controlled by the Ukrainian government, Donetsk and Luhansk. As regards Belarus, this concerns prohibitions of transactions in connection with reserves and assets of...

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NWTP | Technology Risk Management

Once a minor component of Operational Risk, Technology Risk and its related impacts are dominant in the global risk mosaic - affecting individuals, enterprises, governments and society. Information and Communications Technology (ICT) risk embodies a complex, vulnerable Enterprise Eco-system of digital elements (operating within their larger risk-laden Industry Eco-system) than has been considered in traditional Cyber Security analyses. The coming decade will see risk from an expansive portfolio of technologies that includes: Core technologies that create, manipulate, process, store,...

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ECB Speech | Small steps in a dark room: guiding policy on the path out of the pandemic

Speech by Fabio Panetta, Member of the Executive Board of the ECB, at an online seminar organised by the Robert Schuman Centre for Advanced Studies and Florence School of Banking and Finance at the European University Institute | Faced with exceptionally high uncertainty, we should accompany the economic recovery with a light touch, adjusting our monetary policy moderately and progressively as we receive feedback on the effects of our actions, says Executive Board member Fabio Panetta. After many years of too-low...

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New EU forest strategy for 2030

To improve the quantity and quality of EU forests Forests are essential for our health and wellbeing, and the health of the planet. They are rich in biodiversity and are hugely important in the fight against climate change. The new EU forest strategy for 2030 is one of the flagship initiatives of the European Green Deal and builds on the EU biodiversity strategy for 2030. The strategy will contribute to achieving the EU’s biodiversity objectives as well as greenhouse gas emission reduction target of at...

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