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Member News
Member News
05
Feb
The ongoing COVID-19 pandemic caused significant changes to the manner in which businesses must operate, including patent offices around the world and the businesses and law firms that file patent applications. As a result, the U.S. Patent and Trademark Office (USPTO), like many other patent offices around the world, made certain concessions to allow patent examination to continue despite the challenges. Those concessions include some aimed specifically at prosecution of plant patent applications.
At the beginning of the pandemic, the USPTO provided relief...
04
Feb
With Democrats now in control of Congress, it is increasingly likely that President Biden will be able to get at least some of his tax proposals passed. However, as the details of these proposals are still fluid, it is important to be mindful of the potential changes and to keep up with any new information.
Income/Payroll Tax
President Biden’s proposals aim to increase tax rates and limit deductions for taxpayers with income above $400,000. It is uncertain whether the $400,000 amount...
04
Feb
Validity of insurance contracts concluded by UK insurance undertakings in a post-Brexit context – Clarifications by the Luxembourg legislator
The Luxembourg legislator recently amended the law of 27 July 1997 on insurance contracts, as amended (the “1997 Law”) in adopting the law of 19 December 2020 on the budget of State revenue and expenditure for the financial year 2021. In particular, this amendment clarifies the post-Brexit validity of insurance contracts concluded by UK insurance undertakings prior to the end of...
03
Feb
In this News Update, we discuss the amended Regulation on Sound Remuneration Policy Wft 2017, the consultation on the Act Implementing the Directive on Cross-Border Distribution of investment firms and UCITS, the ECB's new climate change centre, and the AFM's supervision agenda for 2021 and research agenda for 2020-2021. Finally, we highlight some other important financial regulatory publications.
If you wish to stay informed, you can subscribe to the News Update Financial Regulatory.
DNB – Amended regulation on Sound Remuneration Policy Wft...
03
Feb
On January 19, 2021, the European Commission (the Commission) presented a Communication setting out a strategy to stimulate the openness, strength, and resilience of the European Union's economic and financial system.
An important part of this Communication concerns EU sanctions, in particular:
The implementation and enforcement of EU sanctions regimes.
The EU's resilience to the effects of the extra-territorial application of unilateral sanctions and similar measures by third countries.
The stated aim of the proposed actions is to further enhance the EU's strategic...
03
Feb
Highlights
Brexit has officially arrived and brings with it changes to a number of important areas concerning cross-border litigation between the United Kingdom and European Union.
This Holland & Knight alert gives an outline of the possible implications of Brexit in this field, primarily from an English law perspective and with a focus on commercial contractual matters.
It is more important than ever that the points and issues discussed below are considered carefully at the negotiating and drafting stages...
02
Feb
The Department of Justice (DOJ) entered into its first civil settlement for loan fraud involving the Paycheck Protection Program (PPP). On January 12, the U.S. Attorney’s Office for the Eastern District of California announced that Slidebelts, Inc. and its president and CEO, Brigham Taylor, agreed to pay $100,000 in damages and penalties to resolve civil fraud allegations for misrepresenting their bankruptcy to obtain a $350,000 PPP loan.
In April 2020, California-based fashion accessories internet retailer Slidebelts submitted three PPP loan applications, falsely...
02
Feb
This article is part of Portolano Cavallo’s monthly “INFORM@ Digital & IP” Newsletter. Click here to subscribe. |
Increasing use of digital platforms to sell goods and services, according to the information available to the Commission, has led to inconsistent income reporting and significantly raised the risk of tax evasion.
The Commission hopes to put in place via the Commission proposal (the “Commission Proposal” or “Proposal”) amending the directive regarding administrative cooperation in the field of taxation, also known as the DAC (Directive 2011/16/EU) a...
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