SUSTAINABILITY AND INNOVATION

By Ontier

For some years now, there has been a lot of discussion about sustainable fashion, but it seems that more and more brands are finally joining in. But, what actually is sustainable fashion and what relationship does it have in an increasingly digitized world?

Sustainable fashion is one that respects the environment and society in all its phases: from conception, to production, through distribution to sale. This fashion proposal tries to work with less polluting raw materials, reduce production waste such as water and electricity costs, and produce durable pieces, stimulating conscious consumption. Furthermore, this model proposes a more humane production, without exploitation of labor and with a more equitable remuneration.

The fashion industry has been talking about sustainability for years, but there was a lack of measures to help companies to be sustainable. Nowadays, with technological advances, we will be able to close the gap between sustainable fashion and fast fashion/virtual/e-commerce. We have also begun to see a change in the attitude of governments, big corporations, and in the consumer’s minds (an awareness) towards sustainability. It is seen as something accessible, possible and needed.

In this area, Industry 4.0 will be able to bring numerous advantages to the fashion industry, thanks to new advances in technology and new production processes: less polluting and more durable materials can be created, production processes can be more effective by intelligently using the data collected from consumers, reducing use of raw materials, thus reducing not only costs but also the environment impact. In general terms, it is important that before implementing a digitization strategy, an analysis of all the legal aspects that may affect it is carried out.

Sustainable (or eco-sustainable) fashion fits perfectly into a broader concept of Society 5.0: a society characterized by caring for people and their well-being, by developing an ecosystem favorable to innovation and the development of new technologies. Digitization can further help accelerate all these sustainable goals, as they are also helpful in maintaining certain vital health standards which are key nowadays.

It is a challenging time but there are many opportunities ahead. And, as Susan Scafidi, an American lawyer and the first professor to offer a Fashion Law course, says, “where there is life, there is fashion.”

ONTIER has created a fashion and luxury department and a representative team from Rome, Madrid and Miami participated at the Miami Fashion Week last June, which was held virtually this year along with Univision. To see the complete speech of our team talking about sustainability and innovation, you can click on the following link: https://www.youtube.com/watch?v=lKeVZ86Zxjo

If you need more information about this or need assistance with any legal concerns, please do not hesitate to contact us at:

Partner

Christie García – chgarcia@ontier.net

Country Manager

Marta Corbí – mcorbi@ontier.net

 

 

Duties on Italian imports – Request for public comments

By Salcedo Attorneys at Law P.A

 

The Office of the United States Trade Representative (USTR) is considering making some modifications to the extensive list of European products which were subject to duties in October 2019, as part of the trade controversy between the U.S. and the European Union. The controversy stems from alleged government aid from the European Union and certain states to the aircraft manufacturer Airbus.

In a notice published on the Federal Register on June 26, 2020 (the text is available at this link), the USTR invited comments from the public, i.e. individuals or interest groups, on certain revisions to the duties. These changes may involve the increase, up to a level of 100%, of the duties already imposed on goods listed in Annex I to the notice, which includes such staple Italian products as cheese, ham and cured meats.

Similar increases may occur for products listed in Annex II. Such products previously considered but are not currently subject to additional duties. Italian wine is among the products listed in Annex II. Finally, in Annex III, the USTR lists new products from France, Germany, Spain, and the United Kingdom which are now being considered for additional duties.

Comments addressed to the USTR may discuss: “Whether maintaining or imposing additional duties on specific products of one or more current or former EU member States would cause disproportionate economic harm to U.S. interests, including small or medium-size businesses and consumers.

If you or your business wishes to submit your comments in connection with the existing or proposed duties, you can do so by visiting the following link.

Comments will be accepted until July 26, 2020.

 

 

 

EXP Legal webinars in partnership with the Italy-America Chamber of Commerce Southeast

By EXP Legal 

 

In a moment of crisis such as the one we are experiencing in recent months, thinking about new business internationalization strategies or export plans can be a winning choice, in a medium-long term, especially for Italian SMEs that may struggle to regain large market shares in the domestic market.

In this context, despite all the problems deriving from the epidemiological emergency, the United States remain the first commercial partner of Made in Italy among the non-EU countries and the third Italian commercial partner at worldwide level.

With a total of 42.4 billion euros of exports, 2018 closed with an increase in Italian sales to the USA of 5% compared to 2017. The provisional data for 2019 show an increase compared to 2018 of 6.5% (SACE-Simest data).

Furthermore, despite the fact that in March 2020, for the commercial exchange with non-EU27 countries, a clear reduction was recorded both for Italian exports (-13.9%) and imports (-12.4%), the USA were the only market in which our exports grew in the first quarter of 2020 (+0.9%).

 

For these reasons, EXP Legal – Italian & International Firm, in partnership with the Italy-America Chamber of Commerce Southeast, has organized two webinars with the aim to provide companies with an overview of the business internationalization opportunities in the United States.

The topic of the first webinar will be “how to start a business in the USA”: from obtaining visas to establishing a branch/subsidiary and subsequent fulfilments. During the second online event a successful business case in the United States carried out by an Italian company will be analyzed in detail:

  • Fare impresa negli USA pt. 1: costituzione di una filiale e questioni legali, fiscali e di diritto dell’immigrazione (Monday, 8 June 2020 at 3:30 p.m., ITA time – zoom platform). Register here: https://bit.ly/3cdIFg4
  • Fare impresa negli USA pt. 2: analisi di un “business case” (Monday, 22 June 2020 at 3:30 p.m., ITA time – zoom platform). Register here: https://bit.ly/2AnzD36

The two webinars will be in Italian language.

 

For more information please contact the Firm at info@explegal.it.

 

 

Magniflex contributes to IACCSE with Face Masks Sells

By Magniflex USA

Italian mattress giant, Magniflex, has dedicated part of their focus to quality, washable, Made in Italy face masks during the COVID-19 pandemic. Magniflex is committed to supporting the Italy-America Chamber of Commerce during this tough time by offering face masks to its members at wholesale price and has pledged to donate $1 per each sold mask to the Italian Chamber as a contribution to help support their initiatives that promote Made in Italy during this time of need.

SPECIAL OFFER FOR IACCSE MEMBERS

Face Mask with Italian Flag and adjustable ear laces:

– $6.99 per mask, sold in 5-pack

– Minimum order 5 masks

– Shipping included with USPS

– Faster UPS shipping – $4.99 surcharge for orders of 5, free for orders of 10+ masks

– $1 per mask will be donated to IACCSE

 

Face Mask in Blue with adjustable ear laces:

– $5.99 per mask, sold in 5-pack

– Minimum order 5 masks

– Shipping included with USPS

– Faster UPS shipping – $4.99 surcharge for orders of 5, free for orders of 10+ masks

– $1 per mask will be donated to IACCSE

 

The face masks are made in 95% cotton and 5% spandex and can be washed up to 10 times when using common detergents. Additional colors and customizations (e.g. personalized logo) are available for orders of minimum 250 pieces.

Throughout the pandemic Magniflex was proud to donate face masks to the Forest Firefighting Surveillance Service (VAB – Vigilanza Antincendio Boschivo), which works hard every day to deliver groceries to the elderly and less fortunate. To show continued support and gratitude Magniflex also made a donation of face masks to the Meyer Hospital in Florence during the COVID-19 crisis.

These masks are great for the service, restaurant, and hospitality industries.

 

For more information on pricing and ordering please contact silvia.galasso@magniflex.us.

 

The “virtuous” behaviours: a first step towards security

By Digitance 

 

COVID-19 emergency has forced governments, in many countries around the world, to impose drastic measures of social distancing. One of the main consequences of this decision was the immediate increase in the use of ICT technologies, in order to fill the inconveniences imposed by this distancing.

For example, educational institutions have replaced face-to-face classrooms with remote teaching. Companies immediately began to use the “Smart Working” methods in a massive way. The ordinary citizens, forced into their homes, have used video communication as an alternative to direct socialization.

Digitance believes that human factor always remains the fundamental element in every activity, in every process. Its centrality is indisputable.

Human behaviours are a crucial element in every analysis, in every situation.

The massive use of ICT tools, in the past few months, has brought public attention to the increasingly frequent and pressing actions of hackers who, taking advantage of the situation, have become progressively aggressive.

Apart from any technological disquisition, a “first line of defence” against hacking actions can undoubtedly be represented by some “virtuous” personal behaviours towards tools and technology applications.

First, in the use of “social media”, we should never describe our habits, our lifestyles and, above all, we would never talk about our possible absences from home and from office. This is information that hackers would know how to exploit.

We should learn how to build “strong” passwords, wisely using the full range of available characters, including special ones. We should never use full names connected to us and not even places or dates.

We should create our own personal password rotation policy. We would try not to keep the same password for more than a month on the same application and create our own archive of passwords and rotation criteria, which we will keep outside of our PCs, smartphones, tablets, etc.

As far as possible, we should avoid using free email services, web conferencing, VoIP, etc. … the so-called “no-cost economy” does not cope with security. Free platforms are the preferred target of hackers, who take advantage of the intrinsic weakness of the platforms themselves.

As soon as possible, we should equip ourselves with a system for encrypting our data, our hard disks, in order to decrease their vulnerability.

These are just a few small tips, which can however start to define a virtuous behavioural model, that could be a robust base to start building – with the help of a specialized company such as Digitance Group – a real Security Management System.

 

The Art of Cryptocurrency

Crypto Currencies have recently gained enormous popularity amongst the general public. With each passing day, more and more companies are radically accepting crypto currencies in their payment systems, paving way for an economic revolution. However, the average consumer’s understanding of what are also known as cryptocurrencies is limited.
Many financial analysts can explain what a cryptocurrency is or how a blockchain works.  But for art dealers, the most relevant question is: what do cryptocurrencies have to do with the art world?
Albeit quietly, art business is rapidly adapting to the new “gold rush”.
On June 14, 2018,  Āto Gallery sold a painting for 150 Bitcoin – equivalent to around $1.25 million. On October 11th, Christie’s announced that their sale of the Barney A. Ebsworth Collection in November will the first auction to incorporate blockchain technology. This marks a huge shift towards the application of blockchain technology given the influence Christie’s has as a major auction house. Austrian Museum of Applied Art/Contemporary Art is the first museum to buy art using Bitcoins.
Tech entrepreneurs envision the Blockchain networks they create will expand the base of art buyers beyond the current stable of purchasers.
Blockchain in the art market also promise that, for instance, within the context of auctioneering, there will never be a concern as to whether a potential bidder has funds to actually obtain a piece she has bought. The transparency a Blockchain network brings to the ledgers of its users ensures a punter must have sufficient funds to transact any business through the network.
Blockchain can actually democratize fine art investment, improving provenance and reducing forgery, and creating a more ethical way to pay artists. The digital currencies are most appropriate for international buyers who prefer to “cut out the middleman”. This approach attracts Bitcoin “billionaires” who need to translate the value of their digital hordes into physical assets.
The art world is slow to change, especially to a concept as difficult to grasp as new terminology like cryptocurrencies, tokens, coins, blockchain. But for sure we will hear more and more about it in the next few times as well as new applications for blockchain technology pop out.
[11 HellHeaven] Art Gallery is ready for cryptos! Bitcoin (BTC), Bitcoin CASH (BCH), Dai (DAI), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) are currently accepted, according to the buyer’s preference.

The impact of COVID-19 pandemic on contractual obligations

By EXP Legal

 

The spread of Covid-19 pandemic is having a strong impact on contractual relationships, as it poses the question of the legitimacy of a delayed or a missed fulfillment of the obligations undertaken by the parties under the contract.
The Cura Italia Decree explicitly provides that the compliance with the containment measures is always assessed for the purposes of excluding the liability of the obliged party pursuant to and for the purposes of Articles 1218 and 1223 of the Italian Civil Code. Such provisions exclude the liability for damages compensation when the obliged party proves that the failure or delay was caused by the impossibility of the performance deriving from cause not attributable to him.
It follows that, as long as the objective possibility of the performance remains, the obliged party is always liable. Only when the impossibility of the performance occurred, and this may depend also on prohibitions arising from legislative or administrative measures (i.e. factum principis), the obliged person is admitted to the release proof aimed at demonstrating that the impossibility is absolute, objective and unsurpassed, related to force majeure or to unforeseeable circumstances.
It seems reasonable to conclude, therefore, that the extraordinary and unpredictable nature of the spread of the epidemic from Covid-19 can be interpreted as a force majeure cause, like, for example, cyclones, floods, earthquakes, wars, etc., that would exclude the liability on the assumption that the obliged party proves that the performance has become objectively impossible due to the containment measures imposed by the extraordinary legislation (factum principis).
Should the performance not be objectively impossible, the obliged party may invoke the excessive burdensome of his performance asking for the termination of the contract or the reduction of his obligation, pursuant to Articles 1467 of the Italian Civil Code.
Contact info@explegal.it for more details and information.

The impact of COVID-19 on Transfer Pricing Policies

By BGSM & Partners 

 

The Covid-19 outbreak has led many companies to adopt new strategies aimed at optimizing their business and their financial management. In particular, multinational companies are advised to review their business models by which they operate globally, and it is also advisable, consequently to the first operation, to adapt the transfer pricing policies to the changed economic scenario through special means (as reasonable arrangements), in compliance with the arm’s length principles.
 
In this context, the importance given by an appropriate documentation, that allows to support the applied transfer pricing policies, is enhanced.

 
The economic crisis has also had important consequences on cash flow, on EBIT (E
arnings Before Interest and Tax), on sales made and on multinational groups’ value chain.
 
Therefore, this economic uncertainty should lead companies to consider the possibility of using means aimed at establishing the most appropriate transfer pricing adjustments.
 
Economic crisis could also have an impact on those companies that have drawn up Advance Pricing Agreements (APA) with terms and conditions that are currently difficult to fulfill.
 
Therefore, these companies may not be able to fulfill the provisions agreed with the financial administration for the determination of transfer prices.
 
In this case, it will be necessary to re-define the agreement’s terms in order to include critical assumptions’ clauses that allow to make a more flexible choice about pricing methods or, in any case, it will be necessary to include clauses that provide for an express flexibility of the agreements.

TREND Group response to COVID-19 to support the community

by Trend Transformations 

 

TREND Group and TREND Transformations are doing their part to fight the spread of Corona Virus by way of manufacturing and delivering lightweight tables covered with etherium™ by E-Stone surfaces, to be used as a safe and effective workstation surface for COVID-19 treatment check-in and administrative workspaces.

These tables are made of engineered stone materials (quartz) which are then treated with an antimicrobial finish to increase emergency response personnel and patient safety.
Finished tables to be used at critical care sites as front-line workstations and check-in points, information station, command center workspaces.
Tables are being distributed to:
  • Hospitals – outdoor testing, reception and assessment points, mobile command centers
  • Fire stations – outdoor testing, reception and assessment points, mobile command centers
  • Community – converted public and private facilities set up as testing centers
TREND Group and TREND Transformations are playing an essential role in our community by protecting front-line and first respondersservicing patients and coworkers at critical touchpoints to help reduce the spread of the virus.

If you know of entities or places that can benefit from the use of these safe tables, please contact them at: (954)296-0085 or ricardow@trend-transformations.com.

Can force majeure excuse rental payments on commercial leases because of the Coronavirus?

By Moris & Associates 

 

Force majeure excuses contractual nonperformance, when unforeseen events beyond the control of both parties either make contract performance impracticable or frustrate the purpose of the performance.

Does COVID-19 qualify as a Force Majeure Event?

WHO declared COVID-19, aka Coronavirus, a pandemic. Therefore, if the force majeure clause stipulates specific events such as epidemics, quarantine, biological contamination or other public health emergency, Coronavirus is very likely to fall under this definition.

In the aftermath of the 2003 SARS outbreak, courts in the PRC held that the outbreak was in the category of an epidemic for the purposes of force majeure, although that interpretation was not applied consistently elsewhere.

If the force majeure clause is silent on pandemics, Coronavirus will not automatically constitute a force majeure. However, given that government announced restrictions on travel, movement, and large gatherings, another possible argument is “acts of government.”

For example, some restaurants and bars, which are shutdown as a result of a government order might be able to invoke force majeure clause to withhold rent.

Do all commercial leases contain a force majeure clause?

No. Not all leases contain a force majeure clause.

The best course of action is to have a lawyer review your lease to determine whether it contains a force majeure provision.

What if the contract doesn’t have force majeure clause?

If you cannot find force majeure clause in your contract, you still can rely on the common law defenses:

  • Impossibility: performance is no longer objectively possible because of a supervening event.
  • Impracticability.
  • Frustration of purpose.

If you need an assessment of your lease, Moris & Associates is offering a free review of your commercial lease for Members of the Italy America Chamber of Commerce.

 

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