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Member News
Member News
21
Jan
Initially published in The Law Ally of Broadway |
Late last month congressional leaders finally agreed to offer cultural institutions, including music venues and movie and stage theaters, a coronavirus relief package of $15 billion for “Save Our Stages”, as part of the larger $900 billion relief package, which includes additional categorical relief, such as the Paycheck Protection Program, and unemployment benefits and direct assistance to individuals. The Save Our Stages relief is intended to try to save and assist these...
21
Jan
Spain was the first country to benefit from the European Guarantee Fund (EGF).
Impact: nearly €8.5 billion for 98 operations in Spain, financing that amounts to nearly 0.8% of national GDP.
Climate action: accounted for 38% of total activity, an increase of 9 percentage points compared to 2019.
Investment Plan for Europe: Spain is the country with the third-highest volume of financing approved since 2015.
The European Investment Bank Group (EIB and EIF) today presented the results of its activity...
20
Jan
On January 12, 2021, the U.S. Department of Labor (DOL) announced an updated final rule designed to increase prevailing wages required for certain visa processes. The updated rule, entitled “Strengthening Wage Protections for the Temporary and Permanent Employment of Certain Aliens in the United States,” is the DOL’s second attempt in recent months to revise how the existing four-tiered wage structure of the Occupational Employment Statistics (OES) wage survey is calculated for purposes of determining prevailing wages. If the rule...
20
Jan
Since the start of the pandemic, the challenges faced by traditional brick and mortar retail with store closures and bankruptcies being announced at record rates, has been a major topic for the CRE industry. One retail segment – the supermarket – faced record high sales, making it an investors dream. Read on for the numbers and what it can mean for investors, as well as what can change in the future.
Also making headlines last week was a new funding...
20
Jan
The Small Business Administration (SBA) published their guidelines for the Second Round of PPP loans (“PPP2”) which was signed into law late December (The Consolidated Appropriations Act, 2021). This is the second largest federal stimulus package following the previous CARES Act that was signed earlier in 2020. This second round offered another round of Paycheck Protection Loans (“PPP2”), which could potentially benefit some of TABS’ clients. Like the first round of PPP, the loans are meant to help small businesses who...
20
Jan
On December 15, 2020, the European Commission (EC) unveiled a set of proposals to regulate digital platforms. The draft laws include antitrust-related requirements, addressed by the Digital Markets Act (DMA) and more general regulatory requirements, addressed in the Digital Services Act (DSA). The DMA/DSA package will apply to all digital services, including social media, online marketplaces, and other online platforms, meaning tech companies active in Europe will have a new set of rules to follow.
According to the EC, the...
20
Jan
On December 30, 2020, the EU and China announced the conclusion of the negotiations of the investment treaty, the EU-China Comprehensive Agreement in Investments (CAI). The CAI represents a strategic opportunity for EU companies, financial institutions and funds to invest in China. This treaty contains two significant overarching commitments by China: market access and fair competition. The CAI did not appear overnight and certainly not without hard work on both sides; it took seven years and 35 rounds of...
19
Jan
After almost two decades at the helm of Germany’s centre-right CDU, and more than 15 years as Chancellor, Angela Merkel is set to step back from politics. This weekend, the CDU’s party congress is set to decide who will lead the party and, thus, most likely take Germany into the 26 September General Election campaign.
After months-long delays caused by the COVID-19 pandemic and debates around whether the congress should be held in-person, the three candidates will now be elected...
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