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Member News
Member News
18
Dec
Cautious optimism takes over in final negotiation weeks
European citizens and businesses may find some additional gifts under their Christmas trees this year if all works out. Not only is the European Medicines Agency set to approve the first COVID-19 vaccine for Europe on Monday, but EU and UK negotiators may finally be close to agreeing the post-Brexit trade relationship. After months of growing pessimism on both sides of the English Channel over whether chief negotiators Michel Barnier and David...
17
Dec
Christmas is a time for contemplation, and the proposals of the long-awaited Digital Markets Act and Digital Services Act may give gatekeepers and other online intermediaries even more reason to be pensive this year. The proposals introduce more rules for them to abide by, while also providing greater safeguards to fair competition and online users.
Even though it will likely be another year before the Acts become effective, online intermediaries may already wish to begin considering their internal processes and business policies...
17
Dec
The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).
USA
California: Prop. 13 Still the Third Rail? Not Exactly
Proposition 13 is still the third rail of California politics,” crowed Jon Coupal in the headline of an...
17
Dec
On 1 December 2020, the International Court of Arbitration of the International Chamber of Commerce (''ICC'') officially launched its revised Rules of Arbitration, which will enter into force in January 2021. This News Update provides a brief overview of the key changes made in these new rules.
Strengthening the integrity of ICC arbitrations
The 2021 ICC Rules aim to improve the integrity of the proceedings. Article 11(7), for example, introduces a requirement for the parties to disclose the existence and identity of...
17
Dec
Introduction
The rollercoaster ride of 2020 has sure had its ups and downs, and 2021 is destined to continue this trend with regulatory action expanding and contracting in order to attempt to contain the spread of Covid-19 while balancing the desire to keep the economy going. This guide examines regulations that have been put in place primarily in New York to deal with Covid-19, but also throughout the United States, and projects future regulatory and related trends and repercussions that...
16
Dec
New York, United States (December 16, 2020) |
Tradewind Finance has provided a USD 1 million domestic factoring facility to a seafood importer and wholesaler based in the United States that sells a variety of fish, including snapper, tuna, swordfish, mahi-mahi, and grouper, to retailers and distributors in the USA. The company is a new subsidiary of a large seafood farmer and processor based in Costa Rica and is using the funding to expedite cash flow back to the parent...
16
Dec
Key insights
Post-election, the SBA has provided more PPP loan forgiveness approvals.
The IRS also recently issued guidance that impacts PPP loans.
Under ASC 470, liability debt would be derecognized when the debtor has been “legally released” or when the loan is repaid.
With the election behind us, we have seen more Paycheck Protection Program (PPP) loan forgiveness approvals by the Small Business Administration (SBA), and now there is guidance recently released by the IRS. Take a deeper dive into...
15
Dec
The loan will finance Wacker Chemie`s research and development efforts, with a focus on the company’s innovation and sustainability strategy
The project will be part of the company`s shift to become a climate neutral chemicals organisation
Financing by EU bank is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe
The European Investment Bank (EIB) will provide €290 million to the German company Wacker Chemie AG. Wacker is...
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