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Member News
Member News
08
Jul
Opening Remarks from William R. Rhodes on June 30th |
Thanks to John Baskett and 1LoD for the invite to say a few words about the importance of Conduct and Culture for banks and the financial sector in general.
As many of you know, the G30 spent almost a decade working on elements of bank governance, conduct, and culture. We issued four reports on aspects of governance: on governance as a whole; on the role of boards and their relationship of...
08
Jul
The Italian Data Protection Authority (“Garante per la protezione dei dati personali” or “Garante”) recently announced that it levied a €600,000 fine on an Italian major banking institution for several violations of the Italian Personal Data Protection Code in its pre-General Data Protection Regulation (“GDPR”) form.
The sanction was imposed following a data breach that took place between April 2016 and July 2017 that the banking institution notified to the Garante at the end of July 2017. As a result of the breach,...
08
Jul
The Office of the United States Trade Representative (“USTR”) is considering a modification to the list of products from the European Union (“EU”) and United Kingdom (“UK”) subject to Section 301 tariffs and an increase of the additional duties up to 100%. The tariffs were initially imposed on October 18, 2019 in response to a World Trade Organization (“WTO”) ruling that the U.S. may levy up to $7.5 billion annually in countermeasures for EU subsidies provided to aircraft manufacturer...
08
Jul
It is with great pride and excitement that we announce the promotion of two of RPJ's attorneys, Ethan Krasnoo and Jill Kahn Marshall, to Partner. Both are exceptional members of the RPJ team, and we congratulate them on their incredible work and accomplishments!
Jill Kahn Marshall, previously an Associate with the firm, represents individuals and corporations in the areas of employment law, litigation and dispute resolution and healthcare.
Ms. Marshall represents individuals in the negotiation of employment and separation agreements, as well as claims...
08
Jul
The EU Mandatory Disclosure Directive (“DAC6”), introducing a reporting requirement for intermediaries and/or taxpayers of certain cross-border arrangements that are perceived to be aggressive, is effective as of 1 July in the Netherlands. By his letter of 26 June 2020, the Dutch State Secretary of Finance granted deferral of the Dutch reporting deadlines until 1 January 2021. The same week, the Dutch State Secretary of Finance published its Guidelines on reportable cross-border arrangements by a Decree dated 24 June...
07
Jul
Many major and emerging central banks took action in June, but outside of possible technical adjustments will continue with the current supportive stance in July. The policy focus will shift back to fiscal initiatives. The highlights will be the EU Summit on July 12, which is considering the EC's 750 bln euro package of grants and loans, and the US decision regarding the $600 a week extra unemployment insurance (expiring at the end of July) and another large budget...
07
Jul
Employment Attorneys David Santeusanio, Howard Sokol and Matthew Sloane co-authored an article in the Employee Relations Law Journal addressing practical considerations and obligations for employers when establishing safety plans to reopen the workplace. COVID-19 has altered the reality of workplace safety and corresponding industry standards. Employers face dramatically different workplace challenges and resulting new obligations regarding safety precautions and worker protections. Throughout the pandemic, federal agencies such as the Occupational Safety and Health Administration (“OSHA”) and the Centers for Disease Control and...
07
Jul
In recent years the European Union has paid increasing attention to sustainability in its policy- making particularly in the financial sector.
In March 2018 the European Commission published its Action Plan on Financing for Sustainable Growth. The Action Plan has three main objectives:
to redirect capital flows towards sustainable investment in order to achieve sustainable and inclusive growth;
to manage financial risks arising from climate change, resource depletion, environmental degradation and social issues; and
to promote transparency and long-term sustainability in financial and...
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