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.

 

The P-Visa: for Artists, Athletes and Entertainers

by Canero Immigration Law Firm 

The P visa was created to allow internationally recognized athletes or performing artists to come to the United States temporarily, in order to perform services for an employer or team. I love the P visa because it has many uses. Lets look carefully at each one.

P Visas for artists, athletes or entertainers have 3 categories:

P-1A Awarded to individual athletes.

The athlete must be coming to perform at a specific competition as an athlete, not a coach, individually. The athlete must prove that he/she is internationally recognized based on her/his personal achievements and reputation. The athlete must also prove they are coming to perform services that require an internationally recognized athlete. Generally, this is assumed to be a sport that is internationally recognized, such as a sport played in the Olympics. However, there are new sports which have international recognition and these can be used if evidence is provided to prove the sport is recognized internationally. The competition must have a distinguished reputation and require the participation of internationally recognized athletes.

The P-1 can also be granted to someone who coming to play for a team in the US, such as the Miami Heat, that is internationally recognized in the sport. Here the emphasis is on the international recognition of the team versus the individual athlete.

Professional Athletes must be employed by a team that is a member of an association of six or more professional teams whose total combined revenues are over $10 million. They can also come to play with a minor team that is affiliated to the association.

Amateur Athletes and coaches can be part of a team or franchise that is located in the US and is a member of a foreign league or association. These players may not earn a scholarship or participate in the sport at a US college or university.

The P-1 in these two categories can come to the US to participate in a wide range of activities. It can be one competition, or a season, a tournament, a tour, or an exhibit. The athlete can make promotional appearances for the petitioning employer, receive payment, and prize money. The athlete can work for several employers and engage in part time study.

A P-1 can also be granted to a team of an internationally recognized foreign team such as Manchester United. The members of the team may be granted a P-1 but they cannot perform activities separate from their athletic team activities in the US. They have to be coming to participate in a competition that has a distinguished reputation and requires the participation of internationally recognized teams.

International recognition is defined by USCIS as “having a high level of achievement in a field evidenced by a degree of skill and recognition above that ordinarily encountered, to the extent that such achievement is renowned, leading or well known in more than one country.” So essentially, we are looking for athletes or team that compete internationally and have achieved a ranking in the top 20%.
The visa is granted for 5 years. The visa has dual intent for the athlete.

This visa can also be obtained for the staff or essential workers of the team or the athlete. However, these employees do not have dual intent.

P-1B For Performing Artists

The P-1 is also used for Performing Artists, such as singers, dancers or musicians who are members of a foreign based entertainment group that has been recognized as an internationally outstanding entertainment group for a sustained and substantial duration of time. This is not a visa for an individual entertainer.

The group must have received or been nominated for international awards or prizes. What is interesting is that the category accepts “nominations” which makes it a lower standard than the O-1. The group has to be recognized internationally for its excellence, merely being recognized nationally in their country is not sufficient. This has to be documented by published material in newspapers, journals or magazines.
The P-1 has to play an integral part of the performance of a group, and they must have a sustained and substantial relationship with the group for over a year.

The P-1 cannot perform separate from the group as individual entertainers. An entertainment group is made up of two or more persons who function as a unit. If a solo artist regularly performs with the same musicians or singers the act may be considered an entertainment group.

The P-1 can receive payment, and prize money and engage in part time study. The P-1 can work for several employers, but each employer must file a separate P-1 petition for the individual.

The visa is granted for up to a maximum of one year. The visa has dual intent for the entertainer.
This visa can also be obtained for the staff or essential workers of the group, but, these employees do not have dual intent.

Read the full article here.

Business opportunities in the US – Pistoia (Italy)

by BGSM & Partners

Mr. Pierluigi Brogi will be a speaker on a seminar in Pistoia Italy on “Business opportunities in the US” (February 25th, 2020).

Please find the program below.

Trump Puts Tariffs on Italian Products

by Italian CPA Miami Firm 

Recently the Trump Administration has implemented tariffs on goods being imported from the European Union. A tariff is a tax placed on internationally traded goods, and must be paid by the exporting country.

The Administration placed a 10% tariff on aircraft imported from the EU and 25% duty on agricultural and other products. 7.5 million dollars of tariffs were imposed on a variety of goods. To Italy, the US is the most important (non-European) trade partner with two-way trade totaling 77.875 billion dollars in 2018. The main goods exported from Italy are automobiles. Alfa Romeo, Ferrari, Fiat, Lamborghini, and Maserati are a few of the well-known car companies manufacturing cars in Italy.

The implementation of these tariffs is a result of the World Trade Organization, allowing the US to recuperate damages from the EU subsidies to the aircraft maker Airbus. Airbus is an European aircraft company based in Britain, Germany, and France. The Italian government finds it unfair that goods being exported from Italy are being subject to tax when they were not involved in the production of the Airbus. The World Trade Organization has recently found that Airbus and its rival Boeing have received billions of dollars in subsidies.

During the visit of the Italian President Sergio Mattarella to the White House last October, Mattarella asked President Donald Trump to ease up on the tariffs being placed on Italian exports. Trump responded by saying that maybe the US government was a bit harsh on the Italian government, and that was not their intent. The president said he valued the partnership the US has with Italy, and he will look into the tariffs being placed on Italian products. Will these tariffs cause the United States and Italy to lose their close relationship?

 

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