Member News, News

Private Equity’s Inversion Excursion: Pepper Hamilton Talks Tax with The Deal

In a recent interview with The Deal’s Jon Marino, Pepper Hamilton LLP's Joan Arnold, a partner who heads the firm's tax group, says Pfizer’s play for AstraZeneca isn’t the only inversion deal being sought. There are no shortages of U.S. companies looking to buy a foreign asset and re-incorporate itself overseas to save on American tax bills. There are private equity firms, as well, that may consider making smaller moves to save a bundle on tax obligations as well. Elsewhere, in other sectors, investors...

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Chapter News, News

The right to be forgotten and the EU data protection reform: Why we must see through a distorted debate and adopt strong new rules soon

By Martine Reicherts,  EU Justice Commissioner | IFLA World Library and Information Congress | Lyon, France 18 August 2014 Main messages Just as work on the data protection reform has picked up speed and urgency, detractors are attempting to throw a new spanner in the works. They are trying to use the recent ruling by the European Court of Justice on the right to be forgotten to undermine our reform. They have got it wrong. And I will not let them...

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Chapter News, News

Job Openings Hit a 13-Year High This Summer

Each day, American businesses are firing on all cylinders to create jobs and drive America's economic growth. Just last month, our private sector added jobs for the 53rd straight month, the longest streak on record. In total, American businesses have added 9.9 million jobs since early 2010. Last week, we saw another sign of progress, as the number of available jobs rose to the highest level in more than 13 years. American business owners advertised 4.67 million jobs in June,...

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Member News, News

Recent Changes to FWS Import/Export License Renewal Process

A recent change has raised the risk that importers/exporters of wildlife products may inadvertently allow their import/export licenses to expire.    With certain limited exceptions, importers/exporters are required to obtain a U.S. Fish and Wildlife Service (FWS) Import/Export License to import/export products that incorporate wildlife (i.e., any living or dead animal, including mammals, birds, reptiles, amphibians, fish, insects, crustaceans, arthropods, mollusks, and coelenterates).  This license must be renewed annually.  If the license has expired, the import/export of wildlife products is prohibited...

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Flash estimate for the second quarter of 2014 GDP stable in the euro area and up by 0.2% in the EU28

GDP stable in the euro area and up by 0.2% in the EU28 +0.7% and +1.2% respectively compared with the second quarter of 2013. Seasonally adjusted GDP remained stable in the euro area1 (EA18) and rose by 0.2% in the EU281 during the second quarter of 2014, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. In the first quarter of 2014, GDP grew by 0.2% in the euro area and...

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Austria: EquityFinder – A Platform for Startups & Investors to meet

The Federal Ministry of Economy, Family and Youth is supporting alternative forms of financing for young companies in Austria on the basis of a new online platform. At equityfinder.at both investors and startups can register and present themselves with a public profile. The platform is designed to serve as a kind of dating exchange for young companies and investors. The service comes to an end when specific business negotiations begin. EquityFinder is operated by the funding bank Austria Wirtschaftsservice (aws). The...

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Kramer Levin Client Alert: The New ISDA 2014 Credit Derivatives Definitions: Overview and Implementation

Introduction September 22, 2014 (the "Implementation Date") will mark a new chapter in the credit derivatives market with the implementation of the new 2014 ISDA Credit Derivatives Definitions (the "New Definitions"). The New Definitions constitute a major reform of the terms governing credit derivatives products and address numerous issues identified this past decade with regard to credit and succession events and in the context of the Eurozone crisis. Most new credit derivatives trades entered into after the Implementation Date will...

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Chapter News, News

Mind over matter: EU researchers use brainpower to get moving

Grabbing a glass or typing an email: these are some everyday gestures that are not possible for people with serious physical impairments – even though they have the will and the brainpower to do so. EU-funded projects such as TOBI (Tools for Brain-Computer Interaction) are working on technologies that could greatly improve the quality of life of people such as 20-year-old Francesco or 53-year-old Jean-Luc. Brain-Computer Interaction has allowed them to regain control of paralysed limbs, surf the web...

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Chapter News, News

ECB publishes Comprehensive Assessment Stress Test Manual

Manual gives details on “join-up” of asset quality review (AQR) and stress test Manual outlines the stress test quality assurance process, which ensures a rigorous exercise Publication of the manual adds to the transparency of the comprehensive assessment and the credibility of the exercise The European Central Bank (ECB) has today published a manual detailing how it will incorporate findings from its AQR into stress test projections. It also describes the stress test quality assurance process, which is vital to ensuring that...

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Member News, News

Join VentureOutNY for Tech Tango

Come join EACCNY Member VentureoutNY for "Tech Tango" Wednesday, August 20th @ Jazz Room at the General at 6:00pm! VentureOutNY hopes you can join them on Wednesday, August 20th for "Tech Tango”, an event showcasing our all-star lineup of Argentinian tech companies in New York City and a panel of prominent venture investors featuring the founders of Empire Angels, Redwood Partners and more. More info and to register click here. See you at the General! OTHER UPCOMING PROGRAMS INCLUDE: Mid by Midwest We are very...

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