Member News

Member News
24
Jan
EU chiefs sign off on Brexit deal, but what's next?
The House of Commons passed legislation implementing the withdrawal deal on Wednesday, with Prime Minister Johnson saying that the UK had ‘crossed the Brexit finish line’. The House of Commons rejected all five amendments to the Withdrawal Bill proposed by the House of Lords, with the government winning by large majorities. In one of its first significant acts of business since returning earlier this month, Northern Ireland’s Assembly voted overwhelmingly...
24
Jan
Keeping up to date with evolving trends in the technology space helps organisations stay competitive. While many are focussing on areas such as artificial intelligence, blockchain and cyber-security, we look at some of the other evolving trends that organisations should be aware of in 2020.
5G Mobile Networks
We expect the fifth generation of mobile network technology (5G) to become mainstream in 2020. The 5G roll out is exciting businesses and consumers alike as it has the potential to facilitate a...
22
Jan
The food and agriculture industry includes farms, restaurants and food manufacturing, processing and storage facilities. Companies within the food and ag industry seek to employ talented professionals, such as scientists, veterinarians and engineers, to bring food to the table in a changing world. With a focus on talent, food and ag companies must understand the employment-based immigration factors that affect their U.S. workforces, as talented job candidates come from all over the world. Especially in periods of low unemployment,...
21
Jan
Holland & Knight is pleased to announce that Phillip Durham has been named practice group leader of the firm's Asset Finance Group.
"Phil is a natural fit as leader of our Asset Finance Group," said James McDermott, leader of Holland & Knight's Business Section. "His reputation in the industry is unsurpassed, and he brings a wealth of experience and demonstrated leadership to guide our team in the ever-changing global financial market."
Mr. Durham focuses his practice on domestic and cross-border asset...
21
Jan
The Committee on Foreign Investment in the United States ("CFIUS") issued final regulations on January 13, 2020 to comprehensively implement the Foreign Investment Risk Review Modernization Act of 2018 ("FIRRMA") (the "Regulations"). The Regulations will become effective on February 13, 2020. CFIUS's existing regulations will continue to apply to transactions that close, or for which a definitive written agreement is signed, before February 13.
CFIUS issued proposed rules to implement FIRRMA (the "Proposed Rules") in September 2019 (see our September 2019 alert),...
17
Jan
General Election in Ireland kicks off
Taoiseach Leo Varadkar ended weeks of speculation on Tuesday as went to the President to ask him to dissolve parliament, paving the way for a general election on Saturday, February 8. His Fine Gael-led minority government served in power for four years, with support from the main opposition party Fianna Fáil, through a ‘Confidence and Supply’ agreement. With the immediate risk of a ‘no deal Brexit’ averted through the passing of the Withdrawal Agreement,...
17
Jan
On January 13, 2020, the U.S. Department of the Treasury issued final rules fully implementing the new powers granted to the Committee on Foreign Investment in the United States (CFIUS or the Committee). Congress provided these new powers via the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), which significantly enhances the Committee's ability to conduct national security reviews of inbound investments.
For the last 15 months, CFIUS has operated a temporary "pilot program," which implemented only a few...
15
Jan
The U.K. House of Commons has approved the Withdrawal Agreement. Assuming this is ratified by the EU, and Royal Assent is achieved in time, the U.K. will leave the EU on January 31, 2020, entering into a “transition” or “implementation” period during which most of the EU’s arrangements and legal regime will continue to apply in the U.K. This period is planned to end on December 31, 2020, leaving just 11 months for the EU and U.K. to reach...
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