Chapter News

Agreement on opening up of the EU passenger railway market

A provisional agreement to open up the EU market for domestic passenger rail transport and to ensure equal conditions for railway companies was reached by European Parliament and Council negotiators on Tuesday evening. It aims to boost the quality of services offered to passengers and to improve the performance of the rail sector.  The new rules would boost competition in two ways. First, railway companies should have access to the EU domestic passenger rail market from 1 January 2019 “in...

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Member News

When should a European startup seek funding from US VCs?

Daniel Glazer, co-leader of Fried Frank’s Tech Group, explains what European startups need to take into consideration when looking to raise capital from US VCs. Fried Frank regularly meet with UK and other European startups who are interested in raising funding from US-based VC investors. As we’ve previously written, it’s difficult for non-US startups to raise early-stage funding from most US VC investors without existing traction from American customers and/or business partners, and with no US operations in proximity to the US VC...

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Member News

IRS Reverses Itself on Treatment of ‘Bad Boy Guarantees’

The IRS recently released an internal memorandum concluding that typical 'bad boy guaranties' provided by a partner for partnership debt should be treated as a recourse liability of the guarantor for purposes of allocating the debt, and associated deductions, among the partners. That result could reduce the amount of depreciation deductions that would be allocable to the non-guarantor partners. The memorandum was severely criticized in the tax community, as its conclusion was inconsistent with the way in which most practitioners...

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Chapter News

Commitment to Gender Equality, Global Partnerships among Items Highlighted, as Economic and Social Council Continues Financing for Development Forum

Entering the second day of its inaugural forum on financing for development follow-up, the Economic and Social Council held three round tables and a panel discussion today focused on the global framework for financing sustainable development, domestic and international public resources, global infrastructure forum, and private business and finance. The first round table explored early actions taken towards the implementation of the Sustainable Development Goals and identified obstacles to policy action.  Among other issues, panellists focused on measures undertaken by...

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Chapter News

European Agenda on Security: Paving the way towards a Security Union

European Agenda on Security: Paving the way towards a Security Union The Commission is today setting out the way forward towards the achievement of an effective and genuine EU Security Union – building on the European Agenda on Security presented on 28 April 2015. Whilst responsibility for security lies primarily with Member States, transnational threats such as terrorism cannot be addressed effectively without a common European approach. The necessary tools, infrastructure and environment are being built at European level for...

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Chapter News

Antitrust: Commission sends Statement of Objections to Google on Android operating system and applications

The European Commission has informed Google of its preliminary view that the company has, in breach of EU antitrust rules, abused its dominant position by imposing restrictions on Android device manufacturers and mobile network operators. The Commission's preliminary view is that Google has implemented a strategy on mobile devices to preserve and strengthen its dominance in general internet search. First, the practices mean that Google Search is pre-installed and set as the default, or exclusive, search service on most Android...

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Chapter News

Commission sets out path to digitise European industry

Delivering on its Strategy to create a Digital Single Market, the Commission today unveiled its plans to help European industry, SMEs, researchers and public authorities make the most of new technologies. The European Commission today presented a set of measures to support and link up national initiatives for the digitisation of industry and related services across all sectors and to boost investment through strategic partnerships and networks. The Commission also proposes concrete measures to speed up the development of common...

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Chapter News

Vice-President Katainen’s remarks on the Investment Plan and the EFSI in Greece

Athens, 18 April 2016 Good afternoon, Ladies and Gentlemen, thank you very much for participating at this event. I am also very glad to see the deputy Prime Minister here, especially Members of the European Parliament and especially Greek entrepreneurs and representatives of the private sector. I was told that you have already been briefed by our colleagues from the EIB how EFSI functions at the moment. So, I will not repeat what has already been said but I have...

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Member News

Privacy Shield – Rejected. GDPR – Accepted: What This Means to Your Organization and What You Should Consider Doing Now

The European Union Article 29 Working Party (Article 29) issued an opinion on the proposed EU-U.S. Privacy Shield framework agreement (Privacy Shield) earlier this week, stating that although the Privacy Shield was a “great step forward,” the Article 29 group identified several areas in which it found the Privacy Shield to be unacceptable, including that it permits the U.S. to carry out “massive and indiscriminate” bulk surveillance of European Union citizens. On the other hand, just a day later...

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Chapter News

Unprecedented Collaboration among Development Partners to Improve Infrastructure Implementation

The inaugural Global Infrastructure Forum 2016 convening here today brings together for the first time the leaders of the multilateral development banks (MDBs) - African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank Group, Islamic Development Bank, New Development Bank, and the World Bank Group – as well as development partners and representatives of the G20, G24, and G77, to enhance multilateral collaborative mechanisms to improve infrastructure...

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