01 Aug
Member News

Recent Enforcement Action Demonstrates an Increasing Focus on Compliance with Procedural EU Merger Rules

On 6 July 2017, the European Commission sent three separate Statements of Objections (SO) to Merck and Sigma-Aldrich, General Electric (GE) and Canon for alleged breaches of procedural EU merger rules. The Commission claims Merck /Sigma-Aldrich and GE provided incorrect or misleading information, while Canon allegedly implemented a merger before it was notified and cleared. Two months ago, the Commission imposed a fine of EUR 110 million on Facebook for providing misleading information during its WhatsApp takeover and issued an...

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01 Aug
Brexit News, Chapter News

23 cities offer to host UK-based EU agencies

The Council has received 27 proposals by the member states, related to 23 cities, to host  the EU agencies currently based in the UK. There have been 19 offers to host the European Medicines Agency (EMA) and 8 for the European Banking Authority (EBA). All offers will shortly be made available on the website of the European Council. The two agencies will need to be relocated in the context of the UK's withdrawal from the EU. The future locations need...

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31 Jul
Member News

The UK Startup’s Guide to US Employment

Wilson Sonsini Goodrich & Rosati and leading UK VC firm Notion Capital have teamed up on a blog to offer their perspectives on US expansion and transatlantic VC investment. Check out the full series here. US employment is a business topic that is truly foreign to many UK entrepreneurs. Employment matters in the States are best addressed by proactively seeking to avoid problems, and a careful and competent setup can mitigate most risks and deter many disputes. Don’t take our word for it; we regularly hear experienced...

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31 Jul
Member News

US Expansion and Fundraising Library

Tech City UK and Wilson Sonsini Goodrich & Rosati have partnered on “Expansion to the USA”: a comprehensive collection of short videos and articles for UK and other non-US technology companies seeking to enter the US market or raise capital from US investors. Click on the links below to view the series. Launching in the US: How UK companies can best position themselves for launching their digital business in the US. Raising US Funding: The dynamics of raising venture capital from US investors, including when...

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31 Jul
Member News

Privacy in Mobile – mHealth Apps (Part I)

Technology is changing every industry and healthcare is no exception. In the past, you might have had to join a long waiting list to see your local GP. Today, mobile healthcare (“mHealth”) allows you to download an app, consult a practitioner by video call, access your records, get diagnosed, monitor your symptoms remotely, manage your prescriptions, set reminders for treatment and that’s just on your morning coffee break. mHealth may have your healthcare covered, but who is looking after...

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31 Jul
Chapter News

EIB lends EUR 1bn to e-distribuzione for New Smart Meters

First EUR 500m tranche of loan to the Enel Group signed. The EU bank will support the investments covering the period 2017-2021. E-distribuzione's plan to replace digital meters in Italy is fully supported by the European Investment Bank (EIB), which has approved total financing of EUR 1bn for the operation. A first tranche of EUR 500m was signed today in the presence of Dario Scannapieco, EIB Vice-President, Francesco Starace, CEO of Enel S.p.A., the company that provided security for the loan, and Gianluigi Fioriti, CEO of...

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28 Jul
Member News

EU Tax Alert no. 169 – July 2017

Highlights in this edition: Netherlands implementation proposal for EU Anti-Tax Avoidance Directive published CJ rules that German provisions denying the deduction of pension and health insurance contributions is in breach of the free movement of workers (Bechtel) AG Kokott opines that Finnish taxation upon transfer by a resident company of a foreign PE is not in line with the freedom of establishment (A Oy) CJ rules that a vendor in good faith cannot be required to pay VAT at...

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28 Jul
Chapter News

Smart Specialisation for European regions

Commission acts to help regions build resilient economies in the era of globalisation Globalisation has brought enormous benefits to the less-developed economies of the world and many opportunities for Europeans; but while the benefits are widely spread, the costs are often borne unevenly as the Commission's reflection paper on harnessing globalisation highlighted. To take up the challenge of economic modernisation, Europe needs to empower its regions and help them create value. This means embracing innovation, digitisation, decarbonisation and developing people's skills. Today,...

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27 Jul
Member News

Houlihan Lokey Advises Agilex Fragrances

Houlihan Lokey is pleased to announce that Agilex Fragrances, a portfolio company of MidOcean Partners, has been acquired by Firmenich International SA (Firmenich). Financial terms of the transaction were not disclosed. The transaction closed on July 11, 2017. Headquartered in Piscataway, New Jersey, Agilex Fragrances is a leading provider of fragrance compounds and delivery systems to mid-sized customers. The company possesses leading creative and technical capabilities for the customers it serves, which are primarily manufacturers of air care, home care,...

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27 Jul
Chapter News

Werner Hoyer re-appointed as President of the European Investment Bank Group

President Werner Hoyer will lead the European Investment Bank (EIB) for another six-year term, starting on 1st of January 2018. He was reappointed today by the Board of Governors of the EIB, consisting of the Economy and Finance ministers of the 28 EU Member States. Werner Hoyer started his tenure as President of the EU bank on 1 January 2012, and is also the Chairman of the EIB’s Board of Directors. Over the last five and a half years he has...

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