Italy passed a 3% ‘web tax’

On December 2017, Italy passed a 3% tax on certain internet transactions concerning services through electronic means. The 3% tax will be calculated on the value of the transaction (VAT excluded), notwithstanding where the transaction is executed. Services provided through electronic means include … Read More

New Connecticut Uniform LLC Act entered into force

On July 1, 2017, the new Connecticut Uniform Limited Liability Company Act (LLC Act) entered into force. The LLC Act changed the laws governing limited liability companies (LLCs). It applies to domestic and foreign LLCs. Among its major provisions, the … Read More

Make no mistake: in May 2018 the GDPR is immediately applicable and failure to meet its requirements can result in heavy sanctions

We have been reading some commentaries to the effect that the GDPR (General Data Protection Regulation) needs to be transposed with special legislation adopted in the several EU member states. That there will be legislation is true, but the statement … Read More

Italian Trade Agency’s report on US-Italy trade; Italy holds its 16th place among the investing countries in US

In November 2017, the Italian Trade Agency (ITA) made available a report containing useful information on bilateral investments between USA and Italy. Two important pieces of information: Italy holds its 16th place among the investing countries in US and ranked 26th in … Read More

Investment Plan for Europe – A Status Update (program at the EU Delegation to the UN)

On September 22, 2017, the EU Delegation to the United Nations hosted Investment Plan for Europe – A Status Update, a program sponsored by the European American Chamber of Commerce, EACC. Speakers included Joao Vale de Almeida, Head of Delegation, … Read More

When are shareholders and LLC members personally liable for corporate debts and liabilities?

Foreigners starting a business in the U.S. (and often also American business owners) wonder whether they can be called to answer for their company’s debts and liabilities. It is useful to understand that this can happen and it is even … Read More

TTIP: Public report of the 14th Round of negotiations issued

From July 11-15, 2016, the 14th Round of negotiations for the transatlantic Trade and Investment Partnership (TTIP) between the US and the EU took place in Brussels. The Report is now available. This Round saw about 30 textual exchanges containing proposals … Read More

A “new” trend in the US: the jurisdictions where foreign law is “banned” – Part One

Since 2010 a majority of the US jurisdictions passed or tried to pass bills that to a different degree prohibit courts from applying sharia or more general foreign law if the latter has the effect to deprive the citizens of the … Read More

The Internet-of-Things (IoT) (or Internet of Everything) – privacy and data protection issues in the EU and the US

by Francesca Giannoni-Crystal & Allyson Haynes Stuart I.Introduction The Internet-of-Things (IoT) (or internet-of-everything as it is often interchangeably called[1]) is officially “the next big thing.” The growing proliferation of connected devices has far-reaching implications for consumer privacy and security at … Read More

Italian official interest rate – never so low

With a piece of legislation of last November (D.M. 11.12.2015, Official Journal n. 291/2014), the official interest rate indicated in Article 1284 Italian Civil Code has been lowered from 0.5% (as it was in 2015) to 0.2% a year. The … Read More