Member News

Member News
05
Jan
Congress failed to reach a deal before the end of the year that would have extended the Generalized System of Preferences (GSP) program. As a result, GSP-eligible goods entered or withdrawn from warehouse are subject to “General” (Column 1) duty rates, effective January 1, 2021, at 12:00 a.m.
A bill proposed in the Senate would have extended GSP for 16 months, while a bill that was introduced in the House provided for a six-month extension. Neither bill moved forward, primarily...
05
Jan
On 15 December, the European Commission proposed the long-awaited Digital Services Act – a key part of the plan to create a Europe that is ‘fit for the digital age’. The Digital Services Act (DSA) will endeavour to provide much needed clarity to the rules on platform responsibility, given the legal ambiguities coming from the 20-year-old e-Commerce Directive. The digital landscape has changed dramatically over the past two decades and the advent of online platforms such as Facebook, Twitter,...
04
Jan
It might not feel like a New Year, as the pandemic continues to ravage most countries. On top of the human toll, the economic fallout will continue to depress activity in the first part of 2021. However, policymakers throughout the G7 provided more stimulus in late 2020 and extended many emergency facilities well into the New Year. This will help cushion the blow and help facilitate a stronger recovery later in the year.
The two Senate seats in Georgia being...
04
Jan
The debate about competition issues and unfair practices specific to online platforms and the appropriate tools to tackle them was taken a step further by the European Commission (‘Commission’), which presented two legislative proposals on 15 December 2020: The Digital Services Act (‘DSA’) and the Digital Markets Act (‘DMA’). While the former is intended to regulate online content and increase transparency and accountability, the latter is intended to ensure contestable and fair markets in the digital sector by imposing limits (and...
04
Jan
In the first Weekly Roar of what’s going to be a great new year:
The EU continues to wheel-and-deal, wariness remains for some persistent global supply chain roadblocks, blockchain continues its uphill fight for relevancy, why rail is cool again, and the obligatory international doom and gloom (with a little positive thrown in.)
It’s 2021, so let’s go!
With Brexit checked off the to-do list (sort of), the European Union has struck a trade deal with China. There is a lot of opposition...
04
Jan
The SBA Administrator can make corporate debtors eligible for Paycheck Protection Program (PPP) loans at any time by notifying the Office of the U.S. Trustee.
Suppliers and commercial landlords have reduced preference exposure based on payments made to cover arrearages.
Subchapter V debtors can extend the time to perform under commercial leases beyond the initial 60 days.
On December 21, 2020, Congress passed a monumental $900 billion pandemic relief package. It includes several changes to the Bankruptcy Code that...
30
Dec
Split along partisan lines, the Federal Trade Commission (Commission) voted last week to issue Commentary on Vertical Merger Enforcement (Commentary). The Commentary intends to “provide greater transparency to the public regarding analysis of vertical mergers” by collecting in a single document the Commission’s past vertical merger cases and summarizing how it has analyzed potential anticompetitive effects in vertical transactions.
The two Democratic commissioners dissented here just as they had in June 2020, with respect to the issuance of the...
27
Dec
By EACCNY member Georges Ugeux | CEO at Galileo Global Advisors and Adjunct professor Columbia Law School.
“The clock stopped ticking. Today is a day of relief,” E.U. negotiator Michel Barnier said at a news conference in Brussels. “But tinted by some sadness, as we compare what came before with what lies ahead.”
First of all, let’s salute the achievement and its authors.
The dramatic breakthrough of the Brexit Trade Agreement is avoiding complete chaos of the export and imports of goods...
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