27 Feb
Brexit News, Member News

Brexit: the Luxembourg emergency legislation

By PHILIPPE DUPONT, GLENN MEYER, MARC MOUTON, CLAUDE NIEDNER,  FLORENCE STAINIER and PIERRE-MICHAËL DE WAERSEGGER On 31 January 2019, the bill of law n°7401 (the “Bill”) was issued on measures to be taken in relation to the financial sector in case of the withdrawal of the United Kingdom (“UK”) and North Ireland from the European Union (“EU”) (“Brexit”).   Said Bill relates to the scenario where, on 29 March 2019, no withdrawal agreement has been entered into between the UK and the EU (“No-deal...

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27 Feb
Chapter News, News

European Commission – Fact Sheet European Semester 2019: Winter Package explained

Brussels, 27 February 2019 European Semester 2019: Winter Package explained. What does today's package include? Today, the Commission publishes: 28 Country Reports, including in-depth reviews (IDRs) for 13 countries identified in the Alert Mechanism Report of November 2018 A Communication on the main findings of the Country Reports including a new categorisation of countries under the Macroeconomic Imbalances Procedure (MIP) An Opinion on the 2019 Draft Budgetary Plan (DBP) of Slovenia The second Enhanced Surveillance Report for Greece The Annual Work Programme...

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26 Feb
Brexit News, Chapter News, News, Uncategorized

VIDEO: A second Brexit referendum is back on the table. What might be on the ballot?

  Jeremy Corbyn, leader of Britain’s opposition Labour Party, announced today that he was prepared to back a second referendum on Brexit. A People’s Vote would give Britons a chance to state their views with far greater knowledge than they had at the time of the 2016 referendum, but the question of what should be on the ballot would itself be highly divisive. Agreeing on the form a referendum should take would do nothing to calm Brexit tensions. Compliments of The...

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26 Feb
Member News

European Parliament approves framework for screening of foreign direct investments into the EU

On 14 February 2019 the European Parliament approved an European wide framework for the screening of foreign direct investments into the EU (the Regulation). The Regulation will enter into force 18 months after it has been adopted by the European Council and officially published, which is expected to occur on 5 March 2019. In the interim period, EU Member States must implement the relevant procedures to effectuate the mechanisms under the Regulation. The Regulation will enable cooperation between EU Member States...

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26 Feb
Member News

Pérez-Llorca names seven new partners

Pérez-Llorca has announced today the appointment of seven new partners at its offices in Madrid and Barcelona, increasing the total number of partners to 47. Francisco Iso joins the firm as a partner of the Corporate team Jordi Farrés, Javier Muñoz, Juan Palomino, Laura Pérez, Álvaro Ramírez de Haro and Elena Veleiro are made partners by internal promotion Francisco Iso, who until now was a partner in the Corporate practice and in charge of legal transactions in EMEA at a...

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26 Feb
Brexit News, Member News

Brexit Update: Ongoing Uncertainty

By Mark Callahan | Littler In late 2018, Prime Minister Theresa May, head of the United Kingdom’s executive branch, and the European Union agreed to a draft form of the agreement that sets out the terms of the UK’s withdrawal from the EU (colloquially known as the ”Withdrawal Agreement”). However, in recent months Parliament has voted against Mrs. May’s deal, whilst the EU has made it clear that it does not wish to renegotiate its terms. As such, the future of...

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25 Feb
Member News

What to Look for When Recruiting Staff

By Len Adams When recruiting staff, most people will say that they look for a specific skill or experience in a particular industry. That is the easy part; recruiters that do not understand the job will often rely heavily on those specific skills in their selection criteria because they do not know what they should be looking for. What should they be looking at? There should be a focus on a match between the human characteristics of the job and the...

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25 Feb
Brexit News, Member News

Luxembourg Brexit Bill for the Financial Sector

By Ezechiel Havrenne |Jad Nader | Miryam Lassalle | Josée Weydert | Greet Wilkenhuysen On 31 January 2019, the Luxembourg finance minister introduced a bill (n° 7401) on measures to be taken in relation to the financial sector in the event the United Kingdom (the "UK") leaves the European Union (the "EU") without reaching an agreement on the final terms of its withdrawal (the "Bill"). The Bill is currently pending before the Finance and Budget Committee of the Luxembourg Parliament. In the event...

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25 Feb
Brexit News, Chapter News, News

British Foreign Secretary Jeremy Hunt spoke to POLITICO in a brief interview Thursday. Advice to Trump: Take advantage of alliances

By NAHAL TOOSI If British Foreign Secretary Jeremy Hunt could offer some advice to Donald Trump — advice he knew the U.S. president would actually take — he’d tell him to take advantage of international alliances, because “America has a lot of friends all over the world that share American values.” It’s advice that comes as Britain, on the verge of leaving the European Union, hopes to maintain the critical security and economic partnership it has long had with the United...

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