Member News

EACCNY President, James Rosener, honored by American Society of the French Legion of Honor 2021 Medal for Distinguished Achievement

Original Press Release Here New York (Nov. 17) – James D. Rosener was honored yesterday (Nov. 16) by the American Society of the French Legion of Honor with its 2021 Medal for Distinguished Achievement. The award ceremony was conducted at a reception held at The Links Club in Manhattan. Mr. Rosener is the President and founding member of the European American Chamber of Commerce New York . He also chairs the American Battle Monuments Foundation, serves as Director of the Chambre...

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Chapter News

ECB Speech | A digital euro for tomorrow’s payments

Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the ECON Committee of the European Parliament | Madam Chair, honourable members of the Committee on Economic and Monetary Affairs, Thank you for inviting me to report on the investigation phase of the digital euro project, which we started in October. I am happy to finally meet at least some of you in person, once again. Our interactions started a year ago when we published the Eurosystem...

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Member News

AICEP | Portuguese exports up 10.3%, imports up 17.5% in September

"In September 2021, exports and imports of goods recorded nominal year-on-year growth rates of +10.3% and +17.5%, respectively," Statistics Portugal (INE) announced. The exports of goods increased 10.3% YoY, and imports rose 17.5% YoY this September. In the cumulative period from January to September 2021, Portuguese companies exported 20.1% and imported 18.1% more compared to last year. Statistics Portugal (INE) announced. “In September 2021, exports and imports of goods recorded nominal year-on-year growth rates of +10.3% and +17.5%, respectively (+16.9% and...

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Brexit News, Chapter News

Speech by John Bruton | Why is Brexit so hard to Finalize?

Speech by John Bruton, former Taoiseach at the Henley School in the Renaissance Hotel Brussels on Tuesday 16th November at 10am | ARTICLE 16 IS NO SILVER BULLET FOR THE UK One of the puzzles in the stand off over the Northern Ireland  Protocol is that of discerning what the UK really wants. The stakes are high, and the effects of failure immediate. The UK talks about invoking Article 16 of the Protocol. That article allows for a temporary suspension of the application...

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Member News

Cozen O’Connor | Employment Authorization Policy for Nonimmigrant Dependent Spouses

On November 10, 2021, the U.S. Department of Homeland Security (DHS) reached a settlement in a landmark case, which provided structural changes for nonimmigrant H-4 and L-2 spouses seeking employment authorization. On November 12, 2021, U.S. Citizenship and Immigration Services (USCIS) issued policy guidance to address the outcome of this historic settlement agreement. USCIS has highlighted the following major policy changes: Automatic Extension of Existing Employment Authorization Documents (EAD) The new policy provides that certain H-4, E, or L-2 dependent spouses qualify for...

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Member News

Noerr | Non-fungible tokens (NFTs) and copyright law

NFTs: disruption or speculation? At the latest since NFTs worth more than USD 2.5 billion were traded in the first half of 2021 and numerous participants — including start-ups, large corporations, artists and sports teams and leagues — entered the extremely dynamic market, questions have arisen regarding the legal classification of NFTs. Therefore, the following overview aims to introduce the topic and its the legal aspects with a particular focus on copyright issues. Background Tokenisation of assets on a blockchain In concrete...

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Member News

Sika to acquire MBCC Group to accelerate its growth strategy and reinforce its position as sustainability champion in the global construction industry

November 11, 2021 | Zugerstrasse 50, 6341 Baar, Switzerland | MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion) Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions Acquisition...

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Chapter News

ECB | Rising vulnerabilities: Recovery from the pandemic crisis – challenges for the financial sector

Speech by Luis de Guindos, Vice-President of the ECB at the 24th Euro Finance Week | Frankfurt am Main, 15 November 2021 | Good evening to you all. I am honoured to take part in the 24th Euro Finance Week. Since I joined the ECB in 2018, we have been gathering at this event every year to discuss the recent financial and economic developments in the euro area and beyond. As we are going to publish our Financial Stability Review...

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Chapter News

Statement at European Parliament by Executive VP Dombrovskis on the outcome of the EU-US Trade and Technology Council

Chair, honourable members, Before going to the Trade and Technology Council itself, let me first zoom out and outline why the year 2021 has been a landmark year for transatlantic relations. We have successfully pressed the reset button with the Biden administration. After the grounding of the Airbus-Boeing dispute at the EU-U.S. Summit in June, we also agreed to hit the pause button on the steel and aluminium trade dispute. Our agreement includes starting discussions on a new Global Arrangement on Sustainable Steel...

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Member News

IPTI | Update on U.S. & EU Property Tax Issues: November 2021

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES New York: NYC Property Values in Limbo Amid Market Changes? The COVID-19 pandemic has thrown New York City property valuations into a complete vortex where nothing makes sense...

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