Member News

Bannockburn Global Forex Update: October FX Outlook

October 2019 FX OutlookTrade, central bank policy, and Brexit dominated the investment climate in September. The US-Chinese trade conflict stopped escalating.  Although face-to-face talks are planned in October and the list of exemptions from the punitive tariffs has increased (US soy and pork, for example, are now exempt as are 10 components of Apple’s Mac Book Pro from China), the tensions remain high.  The conflict is more than about more than trade.  It is also about market access, unfair subsidies,...

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Member News, Trade & TTIP Related

W.T.O. Decision Authorizes The U.S. To Impose $7.5 Billion In Tariffs On E.U. Products

On October 2, 2019, the World Trade Organization (“W.T.O.”) announced that the U.S. can impose $7.5 billion in tariffs annually on products of the European Union (“E.U.”), in retaliation for the E.U. illegally subsidizing its large civil aircraft manufacturer, Airbus. In anticipation of this decision, the U.S. prepared two lists of tariff provisions on which the U.S. proposed levying retaliatory tariffs of “up to 100%”. Such tariffs would be in addition to the regular rates of duty that apply....

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Member News

We Have 5 Generations in the Workforce—Oh My!

By Joanna Massey, President & CEO, JDMA Inc. For the first time ever, we have five generations in the workforce. Not surprisingly, this is leading to a lot of misunderstandings and miscommunications. We may all be speaking the same language, but we have very different attitudes, opinions and lifestyles. It makes it difficult to navigate relationships in the corporate world, which is why companies hire me to give a talk to employees and management teams about these differences—what they are, why...

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Brexit News, Member News

Curiouser and Curiouser – A Brexit Political Update

By Mark Callaghan, Associate | Littler Earlier this year, we wrote about the state of Brexit negotiations in the United Kingdom, and concluded that “with just over a month to go until Brexit takes effect” it was still “bewilderingly unclear” what form Brexit would take and how exactly employers should prepare. Six months on, and the position (if not the political landscape) is much the same, if not more bewildering! The revised Brexit deadline – that is, the day on which...

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Member News, Trade & TTIP Related

USTR Announces Additional Exclusions

On September 27, 2019, the U.S. Trade Representative (“USTR”) announced that 203 additional product descriptions will be excluded from the Section 301 trade remedies imposed on Chinese-origin products. The 203 exclusions consist of 92 product descriptions from Tranche 1 and 111 product descriptions from Tranche 2. This latest set supplements the exclusions the USTR previously granted. The list of 203 newly-excluded product descriptions is provided below. The exclusions will be retroactive to when the additional tariffs took effect –...

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Member News

The Toy Association’s Pasierb Meets with EU Commissioner for Economic & Financial Affairs

The Toy Association joined an intimate dinner conversation on September 24, arranged by the European-American Chamber of Commerce New York featuring Pierre Moscovici, the European commissioner for economic & financial affairs, taxation & customs. Commissioner Moscovici provided insights about the achievements of the outgoing EU Commission and reflected on key priorities under the next mandate in terms of the Economic and Monetary Union deepening, fiscal policy, structural reforms, and corporate taxation. The Toy Association’s president & chief executive, Steve Pasierb, attended as...

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Member News

Sauli Niinistö, President of Finland is visiting the US

"We all have to accelerate our efforts. Reduce our emissions, increase our carbon sinks. We cannot afford to wait for others to move first. The climate crisis calls for leaders, not just followers." - President Niinistö on Twitter On Monday, 23rd September, President Sauli  Niinistö spoke at the Climate Action Summit, hosted by UN Secretary-General António Guterres. On Tuesday, 24th September, President Niinistö delivered Finland’s National Statement at the Opening of the General Debate of the UN General Assembly.On Wednesday, 2nd October 2019, President Niinistö will meet...

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Member News

An Office in New York. A Bridge to Europe.

Why should a Benelux law firm have an office in New York? For NYC-based partners Elizabeth van Schilfgaarde and Jad Nader this question is a no-brainer: “Twenty percent of the firm's turnover originates in the United States. New York City is an ideal location for promoting the firm, and having an office here allows us to connect in person with our US clients.” NautaDutilh's New York office at 1 Rockefeller Plaza is relatively small compared to those in the Benelux:...

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Chapter News

IMF Executive Board Selects Kristalina Georgieva as Managing Director

The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging market economy to lead the IMF since its inception in 1944. The selection of Ms. Georgieva by the 24-member Executive Board representing the IMF’s 189 member countries brings to a conclusion the selection...

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Chapter News

Committed to Accelerated Climate Action

Climate change is a defining challenge of our generation and the European Union (EU)  has been at the forefront of negotiating a multilateral framework to respond to this global challenge. In 2015, the EU diplomacy played a leading role in brokering the historic and global Paris Climate Agreement. 195 countries agreed on a simple goal: to hand over to future generations a healthier planet and more prosperous, modern and fair societies. The EU has acted domestically with speed and decisiveness to...

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