21 Mar
Brexit News, Chapter News, News

Brexit: The plans in place to mitigate impact of no deal

If the UK leaves the EU without a deal, the effects will be felt by people and companies across Europe. The EU has adopted measures to mitigate the impact of a disorderly withdrawal. The EU has repeatedly stressed that it favours an orderly withdrawal of the UK from the Union. It concluded a withdrawal agreement with the UK to ensure the two parties can continue to collaborate on various issues to their mutual benefit, nevertheless the EU has adopted measures...

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21 Mar
Member News

Don’t Let These 10 Legal Myths Stop Your Doing Business In The U.S.: Myth #10. It is almost impossible to locate trusted advisers including reliable and cost-effective lawyers and accountants.

By Marc S. Friedman | Director of Professional Relations| Global Commerce Education In the last installment in this series, I explained how many non-US companies, including Baltic businesses, may wrongfully refrain from doing business in the US because of  Myth #9 - There are no effective ways to control the risks to our business if we come to the US.  Today I address the last Legal Myth in this series - Myth #10 It is almost impossible to locate trusted advisers including...

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21 Mar
Brexit News, Chapter News, News

Brexit: Quick Update

It was another dramatic day for British politics, and the big EU decision on whether to delay Brexit hasn't even happened. UK Prime Minister Theresa May gave a televised address pinning the Brexit-delay blame on members of Parliament and doubling down on her controversial, oft-maligned exit deal. She also ruled out a second referendum and said she wouldn't delay Brexit beyond June 30, the deadline she's pitching today in Brussels. Needless to say, British lawmakers were outraged and took to social media to...

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21 Mar
Member News

Disclosure Scheme Implemented in Certain Divisions of the High Court of England & Wales

By  Timothy S Murray |Christopher Colman What Is It? A two-year pilot scheme running in certain divisions of the English High Court, designed to reduce the volume of disclosure documents (discovery) produced in English litigation. What Will It Mean? In some cases - most likely smaller ones – the new scheme will result in the disclosure of more documents at an earlier stage in the proceedings. Previously, it was common practice for a limited amount of documentation (such as the relevant contract in...

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21 Mar
Brexit News, Member News

15 aspects of Brexit you did not know

The United Kingdom’s departure from the EU was scheduled to occur on 29 March 2019. Yesterday, the UK Prime Minister requested the EU an extension of Brexit until 30 June 2019. Donald Tusk, President of the European Council, responded that the EU would be prepared to allow this, provided that the UK approves the withdrawal agreement between the EU and the UK first. This effectively means that the UK will have to approve the original deal before 29 March 2019...

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21 Mar
Member News

BEA requirements for US companies with foreign investors

By Lee Grosse | Vice President, Structured Finance| TMF Group There has been an influx of foreign investment in real estate in the United States as a direct corollary of the stable legal framework, strong property rights and as well as a robust commercial real estate environment. But, these foreign investors may not be aware of the mandatory filings required by the United States Bureau of Economic Analysis for US domiciled corporations with 10% or more foreign ownership.  What is the BEA? The...

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20 Mar
Member News

Trademark filing in Italy: new fast-track procedure launched

As of February 26, 2019, companies and individuals filing for a trademark with the Italian Patent and Trademark Office (“IPTO”), using the dedicated website, will be able to choose a new, optional fast-track procedure. The key advantage of this new procedure, as defined in the Ministry of Economic Development circular no. 604 of February 6, 2019, is that trademark applications will be published in the IPTO bulletin in a considerably shorter amount of time (within 7 days of filing). In fact, the standard procedure...

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20 Mar
Member News

Update on Property Tax Issues: March 2019

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 a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). The first article below covers both the USA and Europe.   If a Wealth Tax is Such a Good Idea, Why Did Europe Kill Theirs? In late January, Senator...

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20 Mar
Brexit News, Chapter News, News

No-deal Brexit happens next week and no one knows if the EU will stop it

by Luke McGee, CNN Brexit is deep into its most crucial week since the last one. On Thursday, Theresa May travels to Brussels to meet with the remaining 27 EU leaders, where she is expected to request an extension to Article 50, the legal process by which Britain is leaving the EU. If the EU27 agree, as they probably will, Brexit will be delayed beyond the current deadline of March 29. Leaving aside the gravity of this epic failure of British Brexit policy, the...

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20 Mar
Chapter News, News

Antitrust: Commission fines Google €1.49 billion for abusive practices in online advertising

The European Commission has fined Google €1.49 billion for breaching EU antitrust rules. Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites. Commissioner Margrethe Vestager, in charge of competition policy, said: "Today the Commission has fined Google €1.49 billion for illegal misuse of its dominant position in the market for the brokering of online search adverts. Google has cemented...

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