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Member News

COVID-19 News, Member News

CEA Legal | Paycheck Protection Program 2.0

The Paycheck Protection Program (PPP) was established in March 2020 by the U.S. Congress and Government to help small businesses weather the economic fallout caused by the Covid-19 pandemic. After the first two rounds of funding were exhausted in spring ($349 billion) and summer ($320 billion), a new version of PPP has been approved before the end of the year and is now available. Businesses that did not get the loan under the first two rounds will be eligible under...
Member News

EIB | Kris Peeters appointed as new Vice-President of the European Investment Bank

Kris Peeters joins as Vice-President on the EIB’s Management Committee, representing the Benelux countries. Mr. Peeters will exert oversight on files such as mobility, security and defence, as well as operations in the ASEAN countries. Kris Peeters has been appointed Vice-President and Member of the Management Committee of the European Investment Bank (EIB). He takes up his duties today, assuming the Benelux seat on the EIB’s Management Committee. The EIB’s Board of Governors appointed Mr Peeters, a Belgian national, on...
Member News

AlixPartners | After a dramatic year of change, what does 2021 have in store for retail?

It felt good to see the back of a year that was so difficult for so many people, businesses, and economies. But while there is a lot to look forward to in the new year, the marks left by 2020 won’t disappear entirely. Our world has changed fundamentally, and retail is one of the industries where the forces of change are not only readily visible, but also incredibly strong. In 2020, retail saw rapid acceleration of several consumer behavior-driven trends...
Member News, Trade & TTIP Related

Faegre Drinker | C’est La Vie: New Section 301 Tariffs on French Goods — Originally Set to Go Into Effect on January 6 — Are Indefinitely Suspended

On January 7, 2021, the United States Trade Representative (USTR) announced that new tariffs on certain French products are indefinitely suspended. According to USTR, the duties — which resulted from a Section 301 investigation of France’s Digital Services Tax (DST) and were set to take effect on January 6, 2021 — are being set aside as a means of “promot a coordinated response” to other DSTs that have been proposed or adopted in the European Union (EU) and multiple countries. Background On July...
Member News

Littler | DOL Simplifies Independent Contractor Analysis in Final Rule

On January 6, 2021, the U.S. Department of Labor (DOL) finalized its highly anticipated independent contractor rule.  The rule delivers on the DOL’s promise to simplify, clarify and harmonize the factors for determining when a worker is an independent contractor versus an employee under the Fair Labor Standards Act (FLSA).  It is meant to be the sole and authoritative interpretation for this analysis. Although the rule is slated to take effect March 8, 2021, the new administration is expected to...
Brexit News, Member News, Trade & TTIP Related

Vulcan Insight | Post-Brexit trade agreement – one week in

The post-Brexit trade and cooperation agreement reached in the hours before Christmas between the UK and the EU is one of the most important trade deals in history. It is also the first to disintegrate a trading partnership, constructing, rather than removing barriers to trade. After 47 years of EU membership, British Prime Minister Boris Johnson welcomed in the New Year telling Britons that “we have our freedom in our hands and it is up to us to make the...
COVID-19 News, Member News

Troutman Pepper | Additional Relief Under the Paycheck Protection Program is on Its Way

Who Needs to Know All parties interested in participating in the PPP. Why It Matters In addition to allocating $284.45 billion in new funding, this package of laws include significant clarifications and modifications to the PPP that are important to borrowers and lenders. On December 27, 2020, the President signed into law the Consolidated Appropriations Act, 2021, which included the Economic Aid to Hard-Hit Small Businesses, Non-profits, and Venues Act (the Act), the COVID-Related Tax Relief Act of 2020, and the Taxpayer Certainty...
Member News

Ogletree | Trump Administration Extends Visa Bans to March 31, 2021

On December 31, 2020, the Trump administration issued a presidential proclamation extending the ban of entry for certain nonimmigrant and immigrant visas as outlined in its April 22, 2020, and June 22, 2020, proclamations. The ban includes certain applications for H-1B, H-2B, J-1, and L-1 visas for persons who were not present in the United States as of the effective date of the proclamation, as well as all applications for immigrant visa holders.  The bans were set to expire on December 31,...

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