Member contributed global industry news, new member announcements, articles & opinion.
Why your exit strategy is an important part of your business plan
Do you think an exit strategy and plan is only needed at the point you are thinking about exiting your business? WRONG! All too often we see business owners leave planning their business exit strategies until the last minute, when they’ve already made the decision to leave the business. The earlier you establish, plan and […]
Viva Hammer to Moderate a Panel of Global Tax Leaders on April 9
Potomac Law is pleased to announce that Viva Hammer will moderate a panel titled “Global Tax Consensus: Can it Last?” on April 9, 7:00 to 8:30 PM (EST). The three global tax leaders debating the future of tax consensus are: Ms. Hammer previously served on the Joint Committee on Taxation at the U.S. Congress and […]
Barbados has been removed from the Financial Action Task Force’s (FATF) List of Jurisdictions Under Increased Monitoring (also referred to as the FATF Grey List). This important milestone was reached today, Friday, February 23, 2024, at the organisation’s first Plenary meeting for the year. Attorney General Dale Marshall heralded this achievement, which reflects the consensus […]
Surrogacy is a conception practice involving third parties expressly prohibited in Italy by Law No. 40 of 2004. This is the reason why recognizing minors born abroad through surrogacy presents significant challenges. The draft legislation currently under consideration in the Italian Parliament aims to further strengthen the stance of outright refusal and presents various critical […]
The U.S. Department of Housing and Urban Development has just issued the 2024 Area Median Income numbers for the NYC Metropolitan Area (“AMI”) which show an approximate 10% increase over 2023 AMI numbers. AMI numbers are typically used by regulatory agencies to calculate the income limits and rents for affordable housing units. The NYC Department of […]
Legal abbreviation or sports organization? In law, abbreviations are legion, a bit like sports organizations. Can you tell them apart? Take quiz here
Non-compete agreements – is the employer in a position to unilaterally waive them?
Non-competition agreements, with effect after the termination of the employment contract, are of paramount importance for companies with a view of safeguarding their competitive advantages and, often, the substantial investments in specific training provided to employees, which may otherwise be of their competitor’s benefit if the employees move there. Aware of this reality, the Portuguese […]
Until December 2021, Revolut (through Revolut Limited and Revolut Payments UAB) was registered with the Bank of Portugal as a mere “electronic money” institution, thus, there was no obligation to declare the accounts held at Revolut in Portugal. In December 2021, Revolut officially became present in Portugal, through Revolut Bank UAB – Sucursal em Portugal. […]
This April is Stress Awareness Month, which aims to increase awareness of both the contributory factors and solutions to workplace stress. Although much has been done to tackle this modern-day epidemic, April should serve as a reminder for employers of their ongoing legal obligations to continue to support their employees’ mental wellbeing. Not least because […]
Ruling by the Federal Fiscal Court on the tax-free sale of real estate in an estate The sale of real estate belonging to an estate can be tax-free. This was decided by the Federal Fiscal Court (BFH) in a ruling dated September 26, 2023, changing its previous legal doctrine (case number IX R 13/22). This […]
Algorithmic Price-Setting by Multiple Competitors is a U.S. Antitrust Enforcement Priority
For the third time in as many months, the U.S. federal antitrust enforcement authorities — the Federal Trade Commission and the Antitrust Division of the Department of Justice — have filed a statement of interest in an antitrust case alleging that the use of a common algorithmic pricing program by multiple competitors constitutes price fixing […]
The reporting obligation exists regardless of the size of the transaction. The Money Laundering Act (GwG) serves to combat money laundering, terrorist financing, and tax evasion. Accordingly, the GwG also includes enhanced due diligence and reporting obligations when there is a suspicion of money laundering. If there is a suspicion that money or assets originate […]
