Chapter News

Eight Member States take action against international VAT fraud

Yesterday, a coordination centre at Eurojust supported an international action day against a criminal network involved in international VAT fraud and money laundering defrauding EU citizens of approximately EUR 57 million in tax revenues via companies selling electronic items, hardware and software. Searches of homes and premises, seizures and arrests were carried out in eight countries, starting in the early hours of the morning. The international cooperation leading to today’s joint action began in June 2015, when a German prosecutor at...

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Member News

Mid-Tier European Bank M&A More Likely than Deutsche, Commerzbank-type Fusions, Says Fitch

Antitrust issues and capital constraints are among obstacles to large deals, the ratings agency notes. Fitch Ratings entered the fracas over mergers among Europe's banks on Wednesday when it said that deals among the continent's mid-market players would be more likely than consolidation among larger firms. "Mergers and acquisitions among mid-tier EU banks are more likely than large-scale deals such as between Deutsche Bank and Commerzbank, whose recent discussions were reported in the media," Fitch said. Fitch added, "The EU's competition authorities may...

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Member News

Appraisal Rights and Shareholder Fights

Appraisal rights actions continue to be measures by which shareholder activists seek to generate value from public mergers and acquisitions (M&A) transactions. During the past few years, those actions have become more commonplace. They’ve served not only as a way for shareholders to increase deal value but also as a way to generate additional returns through potential arbitrage-like opportunities. Earlier...

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Member News

CMBS Market Wakes Up After a Month-Long Nap

CMBS market has come back to life after a month-long hiatus. Two single-borrower transactions and a conduit deal have priced, while four other deals wait in the wings. The seven deals total $5.9 billion, amounting to 15% of the $41.5 billion in CMBS deals to hit the market in 2016. Recent pricings include a single-borrower deal backed by a $900 million piece of a $1.2 billion loan against a 1.7 million-square-foot office building at 9 West 57th Street in Midtown Manhattan....

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Chapter News

Ambassador Froman and Commissioner Malmström Discuss TTIP Progress, Announce Next Round

Today, United States Trade Representative Michael Froman met with European Union Trade Commissioner Cecilia Malmström to take stock of the ongoing negotiations on a Transatlantic Trade and Investment Partnership (TTIP). After the meeting, Ambassador Froman and Commissioner Malmström released the following joint statement: "We had a good meeting where we reviewed the substantial progress being made and discussed next steps for moving forward. We have directed our teams to make as much progress as possible during the next round, scheduled...

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Member News

BOS Container USA is expanding by adding two regional managers

Bos Container USA is expending by adding two regional managers, one covering Northeastern and one the Midwest of the United States. Steve DelBene joined the BOS Container USA team as a Product Development Manger covering Northeastern United States from Virginia to Maine. Steve has worked in the Modular Building and Storage Industry for over 25 years.  While working at Williams Scotsman and Modspace,  Steve’s focus was delivering optimum customer service and strategic overall growth of the business. Steve is a New York raised local and...

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Chapter News

Finding win–win solutions to boost competitiveness

Well-functioning social dialogue is a key component for the successful design and implementation of reforms needed to increase the competitiveness of Europe’s economies and create more jobs. It balances workers’ and employers’ interests and contributes to both economic competitiveness and social cohesion.  The link between social dialogue and productivity and competitiveness has been the subject of much research, particularly since the advent of the economic crisis in 2008. In some countries, decentralised bargaining is part of a coordinated system, but in others key aspects of coordinated social dialogue, such...

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Chapter News

Dalai Lama: “I am one of the admirers of the spirit of the European Union”

The 14th Dalai Lama visited the European Parliament on Thursday 15 September to meet President Martin Schulz and discuss with members of the foreign affairs committee. Upon his fifth visit to the Parliament, the Dalai Lama expressed his admiration for the spirit of the European Union because it worked for the common interest of the people. “I think this spirit of the European Union eventually should spread in Africa and further in the world,“ he added. “We are all same...

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Chapter News

Parliament endorses Sir Julian King as Commissioner for Security Union

The European Parliament endorsed the candidature of Sir Julian King as Commissioner for the Security Union. He was nominated by the UK government after Lord Jonathan Hill resigned in the wake of the Brexit vote in June. Parliament backed the appointment of Sir Julian King as Commissioner for the Security Union by 394 votes to 161, with 83 abstentions, in a secret ballot. The Civil Liberties, Justice and Home Affairs Committee held a hearing with the candidate commissioner on Monday evening....

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Chapter News

State of the European Union

President Juncker today addressed the European Parliament in his annual State of the European Union speech. He highlighted: Europe must invest strongly in its youth, jobseekers, and start-ups. An ambitious Investment Plan for Africa – a lifeline for those who might risk dangerous journeys for a better life. We propose free wireless for every European village and city by 2020. Journalists, publishers and authors should be paid fairly for their work, wherever it's made and shared. We will defend our borders with the new...

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