We would like to inform you regarding a new reporting obligation that will be implemented starting 1 July 2024. If your company employs at least 100 employees in the Netherlands, you will be required to track and report the total number of kilometers your employees travel for work-related purposes annually. This initiative is part of a government plan to monitor and eventually reduce CO2 emissions linked to business travel.  What travel must be tracked and reported?  The total distance of...

EU extends compliance timeline for landmark Deforestation Regulation On 3 December, the European Parliament and the Council of the EU reached a provisional agreement to postpone the implementation of the EU’s Regulation on deforestation-free products by one year. This delay extends the deadline for compliance to December 2025 for large companies and June 2026 for SMEs. The decision followed feedback from member states, European political groups, businesses, and non-EU countries, citing challenges in meeting due diligence requirements by the original deadline. The delay...

The funds will support two Phase 2a clinical trials for the drug candidate CIL001, targeting cochlear synaptopathy (a leading cause of difficulty understanding speech in noise, tinnitus, and hyperacusis), as well as the advancement of preclinical development for the candidate CIL003. The company will enhance its R&D platform capabilities and establish new strategic partnerships to expand and diversify its portfolio of treatments for hearing disorders. A special focus will be placed on leveraging advanced artificial intelligence to identify...

On June 6th, 2024, the United States Supreme Court upheld the 8th Circuit Court of Appeals opinion in Connelly v. United States, a case involving the estate tax and the valuation of shares in a closely held corporation. The ruling has significant implications for business owners with buy-sell agreements funded by life insurance, making it crucial to understand how this ruling impacts business owners’ estate planning and tax strategies. The Court ruled that life insurance proceeds used to fund the redemption...

The trends were already entrenched before the US election and continued through most of last month. The trend toward higher rates and higher equities stalled, while the dollar remained strong. Investors and business continue to wrestle with the implications of the Republican sweep in the US elections. There are two broad issues that are the source of uncertainty. The first is the broad tariff Trump has advocated on the campaign trail: 60% on China and 10-20% on rest of the...

Cilcare is proud to mark a decade of groundbreaking work in hearing loss and tinnitus research. Since our founding in 2014, we have remained committed to driving scientific innovation and advancing solutions to address the global medical need for hearing health treatments. In celebration of this significant milestone, we have released a special video that highlights key achievements, the dedication of our visionary founders, and the unwavering support of our partners, scientific board members, and collaborators. As we look ahead,...

The country is in the top ten for variables like bandwidth speed and use of robots in education and R&D. Spain has climbed three places in the World Digital Competitiveness Ranking 2024, the global digital competitiveness ranking compiled by the World Competitiveness Centre (WCC) at the International Institute for Management Development (IMD), based in Switzerland. It thus regained the 28th position it occupied in 2022 out of a total of 67 countries, and obtained a score of 70.86 out of 100. The...