As we entered the new decade, businesses were already grappling with new challenges to their license to operate: What did it mean to be a good corporate citizen in the context of the climate emergency and continuing social inequality? Consumer and employee activism and political pressure at both the global…
Connected Compliance explores the role of technology as a driver of compliance integration and business growth. We conduct…
COVID-19 represents one of the greatest ever shocks to our economies and, in consequence, to the business models…
Please join us for a new weekly video series, hosted by Baker McKenzie’s North America Government Enforcement partners Tom Firestone and Jerome Tomas.
This weekly briefing is available on demand and will cover hot topics and current enforcement actions related to white collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week.
As one of the largest global law firms, we will call upon our exceptionally deep and broad bench of white collar experts throughout the world and particularly in the commercial hubs of Europe, Asia, Africa and Latin America to join our weekly discussion series.
In this series of short conversations, our Global Compliance & Investigations team connects with senior ethics and compliance…
On 21 November 2020 the European Member States reached consensus on a proposal for the seventh Directive on Administrative Cooperation (“DAC7”). The updated Directive is a part of a package which was published by the European Commission earlier this year to promote fair and simple taxation.1 It is expected that DAC7 will be officially adopted on short notice.
DAC7 introduces an obligation for certain digital platforms to collect and report information to their local tax authority on income generated by certain sellers on those digital platforms. This reporting obligation imposes an additional compliance burden for the digital platform companies in scope, as such companies will be confronted with an additional due diligence and reporting obligation.
This tax alert will provide the most relevant considerations of DAC7. We note that preparations are already in motion for an eighth Directive (“DAC8”) which will cover crypto assets.
In 2020, the COVID-19 pandemic swept away regulatory plans and programmes for the year while regulators rushed to stabilise the markets and protect consumers in distress. Regulators across the globe, just like financial institutions and other businesses, scrambled to implement remote working arrangements and keep their employees safe while adjusting their supervisory processes and plans. Regulatory programmes were postponed or reoriented, and supervisors quickly developed regulatory measures to help provide pandemic relief to both firms and their customers.
Shelter-in-place or stay-at-home orders have been prevalent throughout the United States since March 2020 as state and local…
The Aures case is the ECJ’s latest judgment addressing situations involving ‘final losses’. While the ECJ has previously ruled that ‘final losses’ should (under circumstances) be taken into account in another member state than where they arose, so far the ECJ has never addressed its “final losses” doctrine in the context of company migrations.
Welcome to the December edition of this quarterly publication that includes a variety of legal and market focused articles on current topics of interest in the world of trade finance.
In our last edition, COVID-19 was the inevitable link between the articles we featured. In this edition, we bring into focus three major topics that are set to play their part in the global economic recovery process – technology, the transition to risk free rates and the role of environmental, social and governance (ESG) criteria in the financial markets.