Member News

Member News

COVID-19 News, Member News

Faegre Drinker | Summary of Executive Actions Impacting Business Immigration

Since April 2020, several executive actions have been issued, and subsequently amended, that have had a significant impact on business immigration. This alert serves to inform clients of the updates to the ongoing U.S. visa system and travel restrictions in response to the global coronavirus pandemic. Since implementation of the restrictions, the Trump administration has issued additional guidance on certain exceptions for eligible persons to obtain a visa or enter the United States. Proclamation 10014 — Suspension of Immigrant Visas Proclamation 10014...
Brexit News, Member News

Vulcan Insight | With time running out, UK slowly starts engaging on Brexit Negotiations

As Brexit chief negotiators meet in London for their third round of restricted high-level discussions on the future EU-UK relationship, the UK Government is beginning to show signs of engagement, according to EU Trade Commissioner Phil Hogan. After leaving the EU’s political and decision-making sphere at the end of January, and ahead of its final departure from the Single Market, the EU and UK have been engaged in tense negotiations over their future social, economic and security relationship from 1...
Member News

Safeguard Global | Introducing Global Fluency

A framework for achieving and sustaining success in today’s ever-changing economy You know how important a global mindset is for achieving success in today’s economy—and you're not alone. 80% of HR and payroll leaders we recently surveyed believe that the ability to operate in different countries is vital to their company’s success. But  remaining competitive in the long term requires the ability to analyze your global growth stability, readiness and proficiency. Where does your organization stand? To help you find out, we’ve created a...
Member News

Marks Paneth | Tax Considerations in a Section 1031 Exchange that Includes a Personal property Component

The Tax Cuts and Jobs Act (TCJA) repealed like-kind exchanges (Section 1031) for all other types of property that are not real property. This means like-kind exchanges of personal or intangible property such as machinery, equipment, vehicles, aircraft, boats, artwork, collectibles, patents and other intellectual property generally no longer qualify for non-recognition of gain or loss. Because of this change, the exchange of personal property of like-kind is now considered a taxable event.  The IRS recently released proposed regulations defining...
COVID-19 News, Member News

Offit Kurman | Business Succession Planning: COVID-19 Has Changed Things – It’s Time For A Review

Business owners know that it’s important to plan for the succession in ownership of their companies.  It’s the means by which they secure their retirements and get to see their life’s work continued.  That’s why many institute plans for their succession – whether it’s a transfer of the business within their family, to trusted employees who have been groomed to take over, or in a sale to an outside party. However, just like it has changed so much else in...
Brexit News, Member News

Arendt | Brexit: new status, new residence permits for UK nationals residing in Luxembourg

Under the transition period as foreseen by the Withdrawal Agreement, UK nationals may continue to reside in the EU without additional measures until 31 December 2020. With the end of the transition period fast approaching and as announced by the Luxembourg government, UK nationals residing in Luxembourg have begun to receive letters from the Immigration Directorate inviting them to prepare an application for a residence permit in Luxembourg. Key points on these new residence permits: Invitations are issued automatically to UK...
COVID-19 News, Member News

Troutman Pepper | COVID-19 Testing No Longer Generally Recommended for Discontinuing Isolation, CDC Says

Employers’ Continued Use of Return-to-Work COVID-19 Testing Protocols Brought into Question Until late July, the CDC offered a test-based or symptom-based strategy to govern the timing of “discontinuing isolation” for a person known or suspected to be infected with COVID-19. In an abrupt change in guidance, the CDC announced a test-based strategy is no longer recommended to determine when to discontinue home isolation, except in certain circumstances. The CDC now recommends following only a modified symptom-based strategy, which means: Persons with COVID-19 who have symptoms and...
Member News

Noerr | Court of Justice of the European Union overturns EU-US Privacy Shield – and questions transatlantic data transfers as a whole!

On 16 July 2020 the Court of Justice of the European Union (CJEU) invalidated the European Commission’s Implementing Decision on the EU-US Privacy Shield, without a transitional period, thus dealing a harsh blow to transatlantic data transfer. In a no less sensational decision, the CJEU had already invalidated in 2015 the European Commission’s Implementing Decision on the predecessor to the EU-US Privacy Shield, the US/EU Safe Harbour Framework. Just a few months later, by a new Implementing Decision, the European Commission had certified the successor of the invalidated...