In October, 1998, the European Commission put into effect its Directive on Data Protection, intended to prohibit the transfer of personal data to non-EU countries that do not meet the EU “adequacy standard” for the protection of personal data. The EU’s approach from inception has been different than that of the US for the protection of personal information. The EU approach is based upon comprehensive legislation and regulations that created independent governmental data protection agencies and the requirement that databases be registered with those agencies. » Read More
The below post was authored by guest blogger John Gabrielski.
The summer of 2014 concluded with oil prices hovering around $100 per barrel. Just one year later, oil prices have reached a six-year low; in August oil dropped to as low as $38 per barrel. The drastic decrease in price can be attributed to the massive supply glut that producers are now facing. » Read More
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to the Department of Treasury by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).» Read More
Meritas, an established global alliance of independent, full-service law firms (of which NM&M is a part of), is currently holding its annual meeting in Denver, Colorado. Today, Steve Dubner, the economist, author, speaker and podcaster, told Meritas attorneys the value of collecting data, evaluating the data without preconceptions (have fun with that), and how to use that data and analysis in a useful way. » Read More
The European Central Bank announced today an economic stimulus program designed to finally get the EU economy off its haunches. Will it work? The major stock markets were buoyed by Mario Draghi’s announcement on Thursday, with the DAX up 136, the FTSE100 up 69, the DOW up 260, NASDAQ up 83 and the S&P 500 up 31. However, the malaise in the EU is more broad-based than may be resolved by the adoption of a QE monetary policy intended to make credit more readily available.» Read More