Member News

European Court of Justice judgment on competent court in directors’ liability claims

The European Court of Justice recently rendered an important judgment on jurisdiction over claims of Dutch companies against directors residing outside the Netherlands. The main issue was whether the Dutch courts had jurisdiction over such claims or whether such jurisdiction was limited to the courts of the EU member state in which the director resided, in this case Germany. Facts/background In the proceedings leading to this judgment, a German former director of a Dutch BV and of its three German subsidiaries...

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Member News

Accounting Directive Implementation Act entered into effect

On 1 November 2015 the Accounting Directive Implementation Act entered into effect. This legislation implements Directive 2013/34/EU in Dutch law. The most important changes under this Act are higher thresholds for determining the "size" of legal entities (and hence the applicable rules regarding annual accounts) and shorter deadlines for the filing of annual accounts and annual reports. Thresholds for "size" of legal entities The size of a legal entity in terms of (a) the value of its assets according to its...

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Member News

2016 Edition of Funding for United States Study

A Guide for International Students and Professionals The Institute of International Education (IIE) has just published the 2016 edition of its annual print directory Funding for United States Study: A Guide for International Students and Professionals, the print companion to IIE's online search engine www.fundingusstudy.org. With over 800 grant and scholarship listings, Funding for United States Study is the most comprehensive directory on finding funding for study in the United States, making it an invaluable resource for advisers and international students worldwide. Funding for...

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Chapter News

Letter by President Donald Tusk to the European Council on the issue of a UK in/out referendum

"I am writing to let you know where we stand on the issue of a UK in/out referendum before we address it at the December European Council. In November Prime Minister Cameron set out the four areas where he is seeking reforms to address the concerns of the British people over UK membership of the European Union. On this basis, we, in close cooperation with the Commission, held extensive bilateral consultations at Sherpa level with all Member States. We also...

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Chapter News

Commission welcomes the successful ratification of the Intergovernmental Agreement on the Single Resolution Mechanism by Greece and calls on Luxembourg to follow suit

he European Commission has welcomed the news that Greece has now successfully ratified the Intergovernmental Agreement (IGA) for the Single Resolution Mechanism (SRM).  A sufficient number of participating Member States ratified the IGA before the final deadline of 30 November.  At the time, Greece had ratified but not completed the final formal step which is to deposit its instrument of ratification with the Council.  The European Commission now calls on Luxembourg to ratify as a matter of urgency, as it...

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Member News

New Developments in Immigration Law Concerning the Visa Waiver Program, Global Entry, and Changing Jobs during the Permanent Residence Process

1.   U.S. Tightens Eligibility for Visa Waiver Program In the wake of the terror attacks in Paris, the White House announced immediate changes to the Visa Waiver Program (VWP), which permits visa-free travel to the U.S. for citizens of 38 program partner countries around the world. Most notably, the U.S. will bar from the VWP anyone who has traveled to a country that State Department officials consider a “terrorist safe haven”, such as Iraq, Syria, Pakistan, Lebanon or Libya. Citizens...

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Chapter News

Andreas Dombret Speech: The euro area – where do we stand?

Speech at the American Council on Germany in New York | Friday, 4 December 2015 Ladies and gentlemen Thank you for inviting me to speak here today. Attending ACG events is always a pleasure for me. “The unity of Europe was the dream of a few. It became the hope of many. Today it has become a necessity for all of us.” These words will sound very familiar indeed to anyone who closely follows contemporary politics in Europe. They were spoken back...

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Chapter News

EU agri-food exports still at record level

After a slow-down in August, the value of EU agri-food exports has resumed the positive trend (+13%), as monthly exports in September exceeded imports by €2 billion. The exports to the US (+19%) and China (+18%) did particularly well. Russia fell down to fourth position as destination for EU agri-food exports, after US, China and Switzerland. Most significant increases in monthly export values were witnessed for wine, spirits and liqueurs and for chocolate and confectionaries.  Imports to the EU in...

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Chapter News

Justice and Home Affairs Ministers adopt proposal for Europol regulation

Today, the Justice and Home Affairs Council adopted the Commission's proposal for a new legal basis for Europol, the European Union’s law enforcement agency. Earlier this week, the European Parliament's Committee for Civil Liberties, Justice and Home Affairs had already endorsed the proposal. The draft regulation should now be formally approved by the Parliament, in Plenary. Commissioner for Migration, Home Affairs and Citizenship, Dimitris Avramopoulos said: "This agreement on the Europol regulation is a particularly important achievement in times when security and the...

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Chapter News

IMF Executive Board Concludes 2015 Article IV Consultation with Sweden

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Sweden. Sweden’s economy is performing well, with real GDP growth of 3.4 percent per year in the first three quarters of 2015, up from 2.3 percent in 2014. Job creation was robust in the first three quarters of 2015, helping bring the unemployment rate down to 7.2 percent in the third quarter. Solid growth of about 3 percent is expected to continue into 2016. Core inflation (HICP...

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