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Member News
Member News
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...
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...
Other Chapter News
