25 Mar
Member News

Structuring Cross-Border Venture Investments Under The CFIUS Pilot Program

By Daniel R. Sieck & Gregory C. Dorris | Pepper Hamilton| March, 3rd, 2019 U.S. technology companies raising funds from foreign investors should carefully consider whether the proposed financing transaction can be structured to avoid falling within the purview of the Committee on Foreign Investment in the United States (CFIUS), which now has jurisdiction to review certain financing transactions pursuant to interim rules under the Foreign Investment Risk Review Modernization Act (FIRRMA). In particular, FIRRMA expanded the jurisdiction of CFIUS through...

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25 Mar
Chapter News, News

Antitrust: Commission fines Nike €12.5 million for restricting cross-border sales of merchandising products

The European Commission has fined Nike €12.5 million for banning traders from selling licensed merchandise to other countries within the EEA. This restriction concerned merchandising products of some of Europe's best-known football clubs and federations, for which Nike held the licence. Commissioner Margrethe Vestager, in charge of competition policy, said: "Football fans often cherish branded products from their favourite teams, such as jerseys or scarves. Nike prevented many of its licensees from selling these branded products in a different country...

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25 Mar
Brexit News, Chapter News, News

Brexit preparedness: EU completes preparations for possible “no-deal” scenario on 12 April

As it is increasingly likely that the United Kingdom will leave the European Union without a deal on 12 April, the European Commission has today completed its “no-deal” preparations. At the same time, it continues supporting administrations in their own preparations and urges all EU citizens and businesses to continue informing themselves about the consequences of a possible “no-deal” scenario and to complete their no-deal preparedness. This follows the European Council (Article 50) conclusions last week calling for work to...

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22 Mar
Brexit News, Chapter News, News

Brexit is Stress Testing the UK’s Unwritten Constitution

by John Bruton The underlying organising principle of the UK constitutional system has been that Parliament, not the monarch, and not people by referendum, is sovereign. This principle may not be contained in a written constitution, but it is longstanding. It was established in the seventeenth century by the outcome of the Civil War 1646/9, where Parliament defeated the monarch (Charles I) and his ministers, and by the Revolution of 1688 whereby Parliament deposed the legitimate monarch (James II). In contrast, in Ireland,...

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22 Mar
Brexit News, Member News

Vulcan View – Analysis of the latest EU Developments 18 – 22 March 2019

Key Events This Week: Brexit woes continue but progress made As another extraordinary week in the Brexit saga comes to a close, we can finally say that some progress has been made, but whether for better or for worse is anyone’s guess. The EU 27 agreed on a response to Prime Minister May’s request to delay Brexit and avoid a chaotic split on March 29. They gave her two options. First, a short delay until May 22 for the UK to get...

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22 Mar
Brexit News, Chapter News, News

Remarks by President Donald Tusk after the European Council meeting (Art. 50)

As you know, we devoted today's European Council meeting to Brexit. Prime Minister May repeated her requests, to extend the Article 50 period until the 30th of June, and to approve the so-called Strasbourg agreement. During the discussion among the EU27, the leaders approached these requests in a positive spirit. The European Council decided to approve the Strasbourg agreement. As regards the extension, our decisions envisage two scenarios: In the first scenario, that is, if the Withdrawal Agreement is passed by...

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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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