10 Jul
Member News, News

New Instruments to Invest in Innovative Start-ups in Italy

New instruments of equity investment have been recently introduced by the Italian legislator to stimulate and encourage the growth and development of innovative start ups. Below is a brief overview of these newly-available instruments. Classes of quotas of innovative start ups Unlike joint stock companies, limited liability companies have always been precluded from the opportunity to issue separate classes of quotas. They could only assign special rights to their quotaholders in relation to the management of the company and the distribution of...

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09 Jul
Member News, News

Littler Unveils 2013 Executive Employer Survey Results

EACCNY Member Littler Mendelson is pleased to release the results of its second annual Executive Employer Survey, which can be found here. The survey results provide insight into how current economic conditions and workplace policy changes during President Barack Obama's second term are impacting the perceptions, actions, and priorities of in-house counsel, human resources professionals and C-suite executives with regard to labor and employment issues. We hope you find this report informative, and a special thanks to those who participated. If...

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08 Jul
Member News, News

ESMA Final Report on Key Concepts of AIFMD

The European Securities and Markets Authority (“ESMA”) issued a final report entitled “Guidelines on Key Concepts of the Alternative Investment Fund Managers Directive (AIFMD)” (the “Report”). Brought to you by EACC member Mason Hayes & Curran The publication of the Report follows the publication of a discussion paper in February 2012 on key concepts of the AIFMD and types of Alternative Investment Fund Managers (“AIFM”) which was then followed by the publication of a consultation paper (the “CP”) issued in December...

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08 Jul
Chapter News, News

The Trade Dream – and the Reality

By Karl-Theodor zu Guttenberg and Pierpaolo Barbieri Where are the NAFTA haters now? The North-American Free Trade Agreement (NAFTA) will be 20 years old in 2014 and all those who predicted it would bring about disaster have long gone silent. NAFTA boosted intra-North American trade despite a painful initial adjustment, pushing its members to improve competitiveness and focus on their comparative advantages. Mexico is now a manufacturing powerhouse and a North American energy revolution only furthers the bloc’s global competitiveness. Something similar...

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03 Jul
Member News, News

Stylewhile offers inspiration for online shopping

Online fashion shopping sprees can result to clothing piling in your drawers that don’t either fit or match together. Does this sound familiar? Stylewhile,  a Finnish fashion startup and EACCNY member, offers a solution to make online shopping easier more succesful by creating a virtual fitting room. Now, the company is in search of business partners to cooperate with in the United States. “Stylewhile enables users to virtually try on clothes they are interested in buying on a model with...

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03 Jul
Chapter News, News

Deutsche Bundesbank: Europe’s Way Forward

Statement on the occasion of the change of the Head of the Bundesbank’s New York Representative Office on 2 July 2013 by Dr. Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank. Governor Powell, Excellencies, Distinguished guests, Ladies and gentlemen It is a pleasure for me to welcome you to the Bundesbank’s reception in New York. Many thanks for taking the time to attend tonight. Today is a special day for two reasons: First, today is a good day for international...

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03 Jul
Chapter News, News

EU & U.S. – The Essential Partnership

We wish the United States a happy 237th birthday, as Americans celebrate Independence Day on July 4. From its start, the United States was among the EU's staunchest proponents, and on August 11, 1952, the U.S. became the first non-member country to provide international recognition to the European Coal and Steel Community, the precursor to today's EU. A strong EU-U.S. partnership is crucial to building a more democratic, secure, and prosperous world. The European Union and the United States jointly represent...

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03 Jul
Member News, News

ACA Employer Play or Pay Requirements: What Does it Mean for Employers?

Beginning in 2014, the Affordable Care Act (ACA) will require “large” employers to offer their full-time employees healthcare coverage that meets certain standards or pay a penalty.  Whether an employer opts to “play-or-pay” is a critical business decision that impacts both their benefits and workforce strategies.  With the effective date of the ACA play-or-pay penalty just months away, employers must understand how the mandate works and what it means for their business. The following are key questions employers must ask...

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03 Jul
Member News, News

Austria is the Second Richest Country in the EU

Austria has moved ahead and is now second in the EU ranking for per capita gross domestic product (GDP), and is surpassed only by Luxembourg. According to Eurostat, 2012 GDP per capita of the EU member states in the year 2012 ranged from 47 to 271 percent of the Purchasing Power Standard (PPS) of the EU-27 average. Austria was the second most prosperous country in the EU behind Luxembourg, and moved up from third place in the previous year to...

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03 Jul
Chapter News, News

European Council Meeting on the Directive on Recovery and Resolution

Strasbourg, 2 July 2013 -- Speech by President of the European Council Herman Van Rompuy at the European Parliament After the March European Council meeting, I reported to you on the broad agreement among all leaders on our strategy to bring the European Union to recovery: - restoring and maintaining financial stability; - making our economies more resilient and competitive, with structurally sound public finances (using the flexibilities in our common rules) and long-term reforms; - fighting, directly and indirectly, unemployment, and I...

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