Racing to finalise climate and environment files before next year’s elections By Pascal Koenig – Senior Account Manager Two years after the European Commission published its sprawling Fit for 55 package, the first have of this year saw many of the Commission’s legislative proposals being concluded by the European Parliament and the Swedish Council Presidency. Work on climate and environment issues has been both intensive and progressive, as the EU’s co-legislators finalised their negotiations on key files such as the end...

In an ever-evolving digital landscape, the United States Citizenship and Immigration Services (USCIS) has given employers a new option for verifying employment eligibility. On July 21, 2023, the USCIS announced a final rule, effective August 1, 2023, that allows employers to have an alternative procedure (also referred to as “permanent virtual verification”), whereby qualifying employers may inspect employees’ Form I-9 documentation virtually as opposed to performing a physical verification, which was required for all new hires until the COVID-19...

Adoption looks likely over the next 12 months after the EU ministers agreed their position on the proposals The basis of the potentially far-reaching Platform Workers Directive (PWD) was agreed at European Union ministerial level in June 2023. The legislation is likely to be adopted soon. It will apply to gig workers but will also affect UK and US-based companies using or supplying contract workers on a volume basis.  It increasingly looks like the PWD will be adopted later this year...

"We are delighted to announce that Lieutenant Colonel Kurt Sanger, previously Deputy General Counsel of U.S. Cyber Command, has joined DeMarco Law. At Cyber Command, and over twenty years as an attorney with the U.S. Marine Corps, Kurt handled numerous high profile cyber incidents, developed cybersecurity policies to protect operational and critical infrastructure, and addressed multiple sensitive information technology and data privacy law and policy issues. He will add great value to the Firm and our Clients in these...

To attract high-skilled foreign workers, Canada launched a special work permit program targeting H-1B visa holders in the United States, particularly nationals of India and China. The Tech Talent Strategy, introduced by Minister of Immigration, Refugees, and Citizenship Sean Fraser, aims to offer new opportunities for skilled professionals seeking career growth and stability. The program’s 10,000-application quota was reached in two days, highlighting the growing appeal of Canada as a destination for top global talent, including those experiencing challenges...

In this News Update we discuss a consultation on the Credit Registration System Act; a revision of PSD2; and the AFM notice for non-compliance with remuneration rules. We further highlight some other financial regulatory publications issued since our last News Update. Consultation on the Credit Registration System Act On 21 June 2023, the Minister of Finance published the Credit Registration System Act (Wet stelsel kredietregistratie) and the accompanying Explanatory Memorandum for consultation. Market participants have until 3 September 2023 to give their...

In this week’s Roar: words of caution for supply chains, decent retail numbers, a normal ocean marketplace, declining truck tonnage, and a possible step back for port labor. The industry is getting a warning that supply chains are in the crosshairs of another upheaval, with the threat of a UPS strike and the possibility of Yellow going bankrupt. If both of those things happen, the results to the supply chain and the economy could be troublesome. Logistics professionals are being urged...

Ongoing market disruptions are changing the private equity (PE) landscape. Winning firms are increasingly relying on the outside‑in due diligence (OIDD) approach to help identify opportunities, mitigate risks, and increase returns—all of it with minimal up-front investment. According to the AlixPartners 8th Annual PE Leadership Survey, about half of industry leaders now expect deals to be fewer, take longer, and be harder to exit. The Objectives of OIDD OIDD provides rapid insights to (1) help PE firms mitigate risk and optimize the...