29 Mar
Brexit News, Chapter News, News

Statement by the European Commission on the vote on the Withdrawal Agreement in the House of Commons

Statement by the European Commission. March 29, 2019 The Commission regrets the negative vote in the House of Commons today. As per the European Council (Article 50) decision on 22 March, the period provided for in Article 50(3) is extended to 12 April. It will be for the UK to indicate the way forward before that date, for consideration by the European Council. A “no-deal” scenario on 12 April is now a likely scenario. The EU has been preparing for this...

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29 Mar
Brexit News, Member News

The Weekly Vulcan View For March 25th – March 29th 2019 Featuring Analysis Of The Latest EU Developments

Key Events This Week: Parliament fails to truly take back control This week the House of Commons voted to endorse an amendment by senior Conservative MP Sir Oliver Letwin which resulted in parliament taking control of the order paper. With the Government effectively losing control over its ability to set its own business, MPs moved on Wednesday to vote on a range of proposals aimed at breaking the impasse in the Brexit process. However, all 8 indicative votes including a proposal...

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28 Mar
Member News

Digital Planning Podcast: What Are Digital Assets?

The Digital Planning Podcast is designed to educate individuals about all things digital in connection with estate planning, business planning and estate administration.   Your hosts, attorneys Jennifer Zegel of Kleinbard LLC, Ross Bruchof EstateGenie, and Justin Brown of Pepper Hamilton, will guide you through the digital world and aim to keep you informed of developments and updates in this ever-changing space. In our introduction episode, Jen, Ross and Justin discuss the creation and purpose of the Digital Planning Podcast.   And in our first episode, Jen sets the scene...

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28 Mar
Member News

5 HR aspects to consider when expanding operations to Europe

Doing business in the world’s largest single market area simply makes sense. But foreign companies need to be prepared for Europe’s varied HR rules and regulations. There’s a lot to gain from establishing operations in Europe, particularly the European Union, with its reduced trade barriers, lower business costs and increased efficiency as you sell your goods and services to a 500 million-consumer market. But the EU’s lack of border bureaucracy and harmonisation of company law doesn’t extend to all aspects...

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28 Mar
Chapter News, News

Parliament seals ban on throwaway plastics by 2021

On Wednesday, Parliament approved a new law banning single-use plastic items such as plates, cutlery, straws and cotton buds sticks. 560 MEPs voted in favour of the agreement with EU ministers, 35 against and 28 abstained. The following products will be banned in the EU by 2021: Single-use plastic cutlery (forks, knives, spoons and chopsticks) Single-use plastic plates Plastic straws Cotton bud sticks made of plastic Plastic balloon sticks Oxo-degradable plastics and food containers and expanded polystyrene cups New recycling target and...

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27 Mar
Brexit News, Chapter News, News, Uncategorized

How Might a New Way Forward be Uncovered, if the Existing Deal is not Accepted?

by John Bruton Avoiding a No Deal Brexit is going to require a radical change in the way the House of Commons makes decisions. Now that the Withdrawal Agreement negotiated with the EU has been rejected twice by the House of Commons, MPs must now turn to discovering what alternative approach might find find actually support. Only then can to UK engage meaningfully with the EU. This process must be completed by 10 April, the date of a possible special meeting of...

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27 Mar
Member News

Tax Reform Update: Cost Segregation and New Interest Limitation Rules

Cost segregation has long benefited taxpayers with increased cash flow and long-term net present value benefits by reclassifying building or improvement costs to property with shorter tax lives, such as personal property or land improvement property. We discussed cost segregation benefits in light of tax reform in a prior issue of For the Record (see Cost Segregation Benefits from the Recent Tax Reform Act). In this tax reform update, we discuss how cost segregation continues to add value in light of recent changes...

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27 Mar
Member News

500 Spanish entrepreneurs will get loans to focus on inclusion, poverty and the environment

The European Investment Fund (EIF) and MicroBank have signed a social entrepreneurship guarantee agreement in Spain supported by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe. This financing agreement was also made under the EU Programme for Employment and Social Innovation (EaSI). This guarantee agreement allows MicroBank to launch a new product, targeting 500 start-up and developing social enterprises across Spain over the next 2 and a half years. Under this EU backed program, Spanish...

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26 Mar
Chapter News, News

European Parliament approves new copyright rules for the internet

●Internet platforms are liable for content that users upload ●Some uploaded material, such as memes or GIFs, now specifically excluded from directive ●Hyperlinks to news articles, accompanied by “individual words or very short extracts”, can be shared freely ●Journalists must get a share of any copyright-related revenue obtained by their news publisher ●Start-up platforms subject to lighter obligations Creatives and news publishers will be empowered to negotiate with internet giants thanks to new copyright rules which also contain safeguards on freedom of expression. MEPs adopted...

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26 Mar
Chapter News, News, Uncategorized

European Commission appoints Mr. David O’Sullivan as Special Adviser to the President on EU-US relations

The European Commission has today decided to appoint David O'Sullivan, former EU Ambassador to the United States of America, as Special Adviser to President Jean-Claude Juncker on EU-U.S. relations. In this capacity, he will advise the President on strategy and priorities in relations with the U.S. Mr O'Sullivan was the Ambassador of the European Union to the United States from 2014 to 2019. Previously, he was the Chief Operating Officer of the European External Action Service (EEAS), in charge of its establishment at the...

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