Member News
Member News
14
Mar
The registration period for the fiscal year (FY) 2025 H-1B cap petitions opened at noon ET March 6, 2024, and will continue to run through noon ET March 22, 2024. Employers seeking to file an H-1B cap-subject petition must electronically register during this period using a U.S. Citizenship and Immigration Services (USCIS) online account. The registration process includes basic information about the prospective petitioner and each beneficiary along with a $10 registration fee for each beneficiary. The registration process...
14
Mar
In February and March 2024, the Luxembourg Accounting Standards Board (CNC) published two Q&As_ (No. 24/031 and No. 24/032) that provide useful guidance on how the law of 22 December 2023_ implementing Council Directive (EU) 2022/2523_ of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union (Pillar 2 Law) will impact financial disclosures and the disclosure of deferred tax expenses in the notes to the financial statements of in-scope Luxembourg entities and...
14
Mar
Deputy Attorney General Lisa Monaco announced on March 7 that the U.S. Department of Justice (DOJ) will launch a pilot whistleblower program that will offer financial incentives for individuals to report allegations of criminal wrongdoing to the DOJ. The program will be launched later this year following a 90-day process to develop and implement the pilot. The new initiative will expand upon the DOJ’s recent efforts to incentivize voluntary self-disclosure and will create a counterpart program to those already...
13
Mar
Every year, “Best Lawyers,” a peer reviewed legal publication, selects who they deem to be the best lawyers and the best law firms in the United States on the basis of carefully selected criteria. Of course, we know that all of our lawyers are the “best lawyers,” and we are fortunate to be working with and continually learning from each other. We take this opportunity to recognize our excellent and committed support staff, without whom the firm could not...
12
Mar
EACCNY Member Gide Loyrette Nouel is pleased to present an analysis of "Artificial Intelligence, European legislation and legal issues", which aims to introduce the European legislation currently being adopted (AI ACT in the version approved on 2 February 2024), but also to examine the legal issues of AI across 10 sectors of activity.
Author: Thierry Bonneau - Senior Counsel, Gide Loyrette Nouel
The genesis of the notion of artificial intelligence ("AI") is a subject of debate. Some trace it back to...
12
Mar
In today’s complex business environment, establishing trustful and transparent relationships between buyers and suppliers has become crucial for strategic success. Kate Vitasek, a renowned authority in collaborative business relationships, and Bryan Jacobs, for this episode of The Team Around the Table, explored the power of “vested outsourcing” – a methodology that fosters win-win scenarios in contractual agreements, enabling buyers and suppliers to achieve strategic outcomes together through shared values and goals.
Vested Relationships: Five Lessons Learned
Shift from Transactional to Relational Outsourcing: Getting...
11
Mar
Welcome to “Lost in Translation: Blunders in International Estate Planning.” This blog series explores the rarified world of international estate planning, uncovering potential pitfalls and providing insights to navigate the complexities. Zach Weitz is our guest author for this blog article.
Blunder No. 3: Forgetting to File International Forms
There are many penalties imposed by the Internal Revenue Service (“IRS”). For example, the penalty for failing to file a tax return is 5% of the unpaid tax per month. The penalty for failure to file...
11
Mar
According to U.S. trade data, from 1998-2020 imports of iron and steel (HTS Chapter 72) into the U.S. from Mexico averaged around $2 billion. Then the value of imports started to change:
2020: $1.8 billion
2021: $4.5 billion
2022: $5.4 billion
2023: $3.6 billion
U.S. and Mexico Steel Talks Heating Up
When the U.S. and Mexico in 2019 negotiated a settlement of the Section 232 tariffs on imported steel and aluminum, the two sides agreed to a monitoring mechanism as needed to identify a sudden...