Volume 4 | August 2020
Where Europeans & Americans Connect to do Business
August 2020 NEWSLETTER
A Message from the President
Alan Sutin, President EACC Florida
EACC Network Survey Result
EACC #COVID-19 STORIES
More from Members and Friends
Hear from CEOs, diplomats and high-level executives about how the health crisis is affecting them, their business and what recovery looks like to them.
EACC EVENTS
We are taking a break in August and working on our Fall and Winter programs.
For updates, please visit our events page .
MISSED SOMETHING ?

JULY PROGRAMS AT GLANCE

 
If you missed a Program, you can watch it NOW on our EACC YouTube Channel
TRANSATLANTIC NEWS
EU Trade Commissioner Phil Hogan Speaks at EACC Event. Read here.

European Commission Sets Out Plans for the Energy System of the Future and Clean Hydrogen: Next Generation EU and Green New Deal

EU-Mercosur: Draft Sustainability Impact Assessment for the Trade part of the Association Agreement. Read here.

Brexit: European Commission Publishes General Readiness Guidelines. Read here.

ECB announces public consultation on the publication of compounded €STR rates. Read here.

Data Protection & Privacy Shield: European Union Court of Justice delivers Preliminary Ruling in the Schrems 2 Case. Read more.

EU Imposes First Ever Sanctions against Cyber Attacks. Read more.
EU-Mexico Global Agreement: find all the documents here .


First Ever Chief Trade Enforcement Officer Appointed by European Commission. Read here.

Joint Statement on the EU – U.S. Financial Regulatory Forum. Read here.


The Platform for Collaboration on Tax Publishes its Progress Report 2020. Read here.

OECD Presents International Tax Update to G20 Finance Ministers. Read here.


Tariffs: In Notice of Action, USTR Threatens New Tariffs on EU Imports into US. Read here


IMF Develops Central Bank Transparency Code. Read more.
EACC Florida
MEMBERS and PARTNERS INSIGHTS
Changes to Florida Law Requiring Use of E-Verify for Certain Employers. July 16 - Florida has passed a new law effective January 1, 2021, that will make use of E-Verify mandatory for all government employers and certain private employers including local school districts, public colleges and universities, state and local agencies, as well as their private contractors. E-Verify is used to confirm the employment eligibility of all new employees. Read more.

Compliments Cozen O'Connor

The End of the Privacy Shield: European Data Protection Authorities React. July 21 - The Court of Justice of the European Union (CJEU)’s historic decision in Schrems II, in which the EU-U.S. Privacy Shield was invalidated, requires businesses to rethink the mechanism they can rely on to transfer personal data from the EU to the United States and other countries. However, how the decision will be enforced remains uncertain. Despite the invalidation of Privacy Shield, the U.S. Department of Commerce issued a  statement. Read more. 

Compliments Greenberg Traurig

Multinational D&O insurance: Global directors and officers liability (D&O) insurance coverage guarantees the attention and focus of the board – especially when their group captive is participating on the program. July 28 - Aside from the more obvious key strategic considerations around arm’s length, non-indemnifiable and ‘insured versus insured’ claims, in determining appropriate involvement of the group captive, there are further key considerations to ensure compliant implementation and administration of the insurance program. Read more.

Compliments TMF Group

Report - The European Securitization Market in 2020: Navigating Uncharted territories. July 16 - 2020 so far has been marked by unprecedented challenges and uncertainty. This translated in a significant slowdown in the European securitisation market, which was starting to show signs of a recovery. However, while the market has been challenged by the disruption generated by COVID-19, it is in an irrevocably stronger position than it was in 2008. In this report, we outline some of the themes impacting the European Securitisation market in 2020 and the effect of COVID-19. Read more.

Compliments HSBC

Solar Asset Underperformance: Insights from Industry Experts. July 30 - In this webinar, key experts from the solar industry presented and discussed key topics from the Solar Risk Assessment 2020, a compendium of industry insights published by kWh Analytics with contributions from DNV GL, Raptor Maps, Origis Services and others. They identified key risk areas and discussed strategies to mitigate these performance risks. If you missed this webinar, you can find it here .

Compliments Origis Energy
YOUNG VOICES FROM THE FUTURE
Every month, the EACC Florida Newsletter features a young person - a student, an artist, an entrepreneur - whose identity, vision or project illustrates the vibrancy of Florida's transatlantic community. If you would like to suggest someone, please contact us HERE
Fiona Devaux
Student, Creator of "Girls & Boys" Podcasts
Fiona Devaux is 19 years old. She grew up in Monaco in the South of France and arrived in Florida in 2014 when she was 13. Her family moved to the United States in pursuit of the American Dream. They chose Florida because of the warm climate and a network of friends who had chosen the Sunshine State before them. It is with them that she celebrated her first Christmas in America. She started high-school as a Freshman without speaking much English. By the time she graduated, she had learned Spanish and English, deepening the knowledge of the English language by watching television, movies and listening to podcasts. Fiona is currently attending Florida Atlantic University as a Political Science major. Her plan is to go to Law School and become a Constitutional Lawyer. She also works as a receptionist in a barber shop.
 
Fiona strongly believes that living in the United States is already offering her a better life and more opportunities. One project she feels strongly about is the production of a series of podcasts called “The Girls & the Boys” which she will be developing with a friend. She started having bouts of epilepsy a year ago and decided to share her experience about that as well as discuss issues around self-love, mental health and the challenges of “becoming the best version of yourself” – all topics that many Millenials and GenZ’s are struggling with. While she wants to empower girls, she hopes that adults will also becomes listeners. So watch out for “the Girls & Boys” coming to you very soon!
MEMBER SPOTLIGHT
HSBC is one of the world’s largest banking and financial services organizations. HSBC North America Holdings Inc. is the holding company for HSBC Holdings plc's operations in the United States. The company’s businesses serve customers in the following key areas: retail banking and wealth management, commercial banking, private banking, and global banking and markets. It operates bank branches in: California; Connecticut; Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in Europe, Asia, North America, Latin America, and Middle East and North Africa. Find out more.

BECOME A MEMBER OF OUR NETWORK

EACC is a Connector
We open doors for our members across our chapter network on both sides of the Atlantic and we keep you informed on the relevant issues effecting your business.

Members of the EACC network enjoy:
 ♦ Access to our network of high-level business executives & our unique referral service
 ♦ Invitations to exclusive seminars & a direct exchange with transatlantic experts
 ♦ Visibility for your organization & opportunities to showcase your thought-leadership
 ♦ The ability to make a difference & actively engage in the Trans-Atlantic dialogue
THE EACC NETWORK
EACC New Jersey | EACC Carolinas | EACC Brussels | EACC Florida

 Together with its sister chapters, EACC Florida is part of a growing and highly dynamic transatlantic network reaching over 10,000 executives in the US and across Europe. With over 750 members, the EACC is a valuable resource for any size business. If you would like to get involved, let us know.  
EACC Florida Founding Members