Volume 30 | November 2022 |
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Where Europeans & Americans Connect to do Business |
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A Message from the President |
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2022 in Review
Click on the picture for details
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EU I Digital Markets Act Enters into Force. The new Regulation which entered into force on November 1st, will put an end to unfair practices by companies that act as gatekeepers in the online platform economy. The legislation also applies to companies established outside of the United States. Read more or watch our webinar on this topic..
EU I Commission Proposes Support Package for Ukraine for 2023 of up to €18 Billion. The European Commission has proposed a support package for Ukraine of up to €18 billion for 2023. This will come in the form of highly concessional loans, disbursed in regular installments as of 2023 and which will need to be matched by other donors. Read more.
EU I New Rules on “Corporate Sustainability Due Diligence" in the Pipeline. The objective is to foster sustainable and responsible corporate behavior throughout global value chains and will affect large EU and non-EU companies. While small and medium enterprises are not directly in the scope of this proposal, they are likely to be caught indirectly through requirements placed on them by their in-scope business partners. These rules should be in effect in the course of 2025. Read more.
EU I Schengen: Bulgaria, Romania and Croatia are ready to fully participate. The European Commission calls upon the Council to take the necessary decisions without any further delay to allow Bulgaria, Romania and Croatia to fully participate in the Schengen area. Read more.
EU I Commission Invests €3 Billion in Innovative Clean Tech Projects to Deliver on REPowerEU and Accelerate Europe's Energy Independence from Russian Fossil Fuels. With a budget doubled to €3 billion thanks to increased revenue from the auctioning of EU Emissions Trading System (ETS) allowances, this 2022 call for large-scale projects will boost the deployment of industrial solutions to decarbonise Europe. Read more.
ECB I Can Europe Be a Green Innovation Leader? Europe is punching below its weight in the climate-technology competition. The continent needs to facilitate risk capital markets and to invest more in research and development. Read more.
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US I SEC Publishes FY22-26 Strategic Plan. The Securities and Exchange Commission released its Strategic Plan for 2022-2026 outlining agency objectives to fight against fraud, maintain a robust and relevant regulatory framework, and sustain a skilled and diverse workforce to serve America’s investors and capital-raising entrepreneurs alike. Read more.
US I Treasury Report on Fintech-Bank Partnerships. The report finds that, while concentration among federally insured banks is growing, new entrant non-bank firms, in particular “fintech” firms, are adding significantly to the number of firms and business models competing in core consumer finance markets and appear to be contributing to competitive pressure. While these fintech firms are enabling new capabilities, they are also creating new risks to consumer protection and market integrity, such as risks related to data privacy and regulatory arbitrage. Read more.
IMF I Slowing Global Economic Growth is Increasingly Evident, High-Frequency Data Show. While there are multiple headwinds weighing on growth, further policy tightening is expected amid the need to bring down elevated inflation. Read more.
OECD I 2021 MAPS Statistics Released. The MAPS awards given in recognition of efforts by competent authorities, saw the following winners across various categories: Spain, Ireland, New Zealand, France, United States and Germany with the award for the most improved jurisdiction going to Germany. Read more.
OECD-LatAm I Competition Trends in Latin America and the Caribbean 2022. Competition policy in Latin America and the Caribbean has grown significantly in the past two decades. This report presents some of the main competition enforcement trends in the region based on an analysis of data provided by 14 OECD and non-OECD jurisdictions about their competition enforcement activity from 2015-20. Read more.
LatAm I EU Takes Action on Dumped Imports of Electrolytic Chromium Coated Steel from Brazil (and China). An investigation found that Chinese and Brazilian imports were being dumped on the EU market and were injurious to the EU industry. In response, the Commission will impose duties ranging from €239 per tonne to € 607 per tonne of ECCS imported. Read more.
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EACC Florida
MEMBER and PARTNER INSIGHTS
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Non-U.S. Nonimmigrants to Provide Proof of COVID-19 Vaccination Prior to U.S. Entry. All nonimmigrant foreign nationals are required to present proof of being fully vaccinated against COVID-19 prior to boarding a flight to the United States from a foreign country. This applies only to nonimmigrant foreign nationals entering the United States.Nonimmigrant means someone who is NOT a: U.S. citizen, U.S. national, lawful permanent resident, or traveling to the United States on an immigrant visa. Read more.
FinCEN Issues Final Regulation for Beneficial Ownership Reporting. This first regulation enhances recent updates to a number of sections of the Bank Secrecy Act and the Anti-Money Laundering Act, reflecting the Treasury’s efforts to address increasingly inventive means of sheltering illegal profit-making in U.S. real estate and business organizations. This regulation will require most business entities created in or registered to do business in the U.S. to report personal identifiable information about their beneficial owners to FinCEN. Read more.
Compliments Cozen O'Connor
How to Navigate Legal Challenges in Miami’s Global Real Estate Market. If you are a South Florida landlord leasing space or a property owner seeking to sell, there’s a good chance your tenant or buyer is the resident of another country. Likewise, you might be a landlord or seller who resides overseas, while your tenant or buyer resides in Miami. In either scenario, the real estate is here, and any lawsuit involving that real estate would be litigated here, but ... Read more.
Is a Company Permitted To Transfer PI From Europe to the US for a Discovery Request? When
discovery issued in a U.S. civil proceeding seeks personal information regarding Europeans, or personal information that is held by an entity that is established in Europe, three main privacy questions arise. Read more.
Compliment Greenberg Traurig
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Recommend EACC Florida to a Client or Business Partner |
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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 affecting 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 business dialogue
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TRAVELLING?
Meet the EACC Network
Our Members are Part of Something Bigger
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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.
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EACC Florida President's Circle |
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