Member News

The Qualified Opportunity Zone: A Limited Opportunity for Investors to Defer Capital Gains

By: Giev Justin Askari, Senior Wealth Planner, HSBC Private Banking What are Qualified Opportunity Zones?  The 2017 Tax Cuts and Jobs Act (TCJA) created a new tax incentive surrounding investments in Qualified Opportunity Zones (QOZs).  By investing in a business or fund that is eligible to take advantage of this limited opportunity, taxpayers can defer certain capital gains until 2026, and may qualify for up to 15% of the deferred tax liability to be excluded from recognition altogether (depending on when...

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Member News

Trepp’s 10 Most-Read Research Reports of 2018

By Sean Barrie | Trepp  Much like last year, the retail sector generated a large number of headlines in 2018. However, the multifamily space was the subject of Trepp's most-read research piece from this year. This isn't much of a surprise for us as more issuance is being devoted to apartments (whether it be from private-label and agency lenders) and the sector's delinquency rate maintained its healthy figure. Click below to download the year's most popular pieces, including reports on new issuance,...

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Chapter News

European Capital Markets Union: Common EU rules on securitisation are applying since 1 January

New rules to revive the EU's securitisation market will lead to more investment opportunities and increased lending to households and businesses. The new harmonised securitisation rules, which will apply as of 1 January, are an important building block of the Capital Markets Union. They will help provide additional funding sources for companies, strengthen banks' ability to support the economy and spread risks across market participants, while avoiding the excesses that led to the financial crisis. Drawing heavily on the work of the...

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Member News

Guess what, online branding restrictions are on the EU Commission’s radar

By Floris ten Have | Partner Amsterdam | Stibbe Companies are probably aware of the Commission's eagerness to clamp down on online resale price maintenance and geo-blocking restrictions. The recent fine for vertical restraints by clothing company Guess marks a new dot on the Commission's radar. Restrictions on retailers using a supplier's brand names for online search advertising purposes are just as much a no-go. The ACM seems to be catching up with the vertical restraints crusade too. It is therefore essential for companies...

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Brexit News, Member News

The most common questions businesses are asking about Brexit

By Kevin Butler| Managing Director Ireland and the United Kingdom | TMF Group  We’re fielding three common questions about Brexit from concerned businesses in the UK and Europe. But it’s the questions they’re not asking that are most pressing. A no-deal Brexit is firming up as a real possibility as political wrangling over the UK’s exit from the EU continues. While a comprehensive withdrawal agreement – or even a called-off Brexit – remain the ideal outcomes for business, making the necessary preparations...

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Chapter News

The Euro, Europe’s common currency, celebrates its 20th birthday

The euro, Europe's common currency, turned 20 on 1 January 2019. Exactly 20 years ago, on 1 January 1999, 11 EU countries launched a common currency, the euro, and introduced a shared monetary policy under the European Central Bank. The historic moment was a milestone on a journey driven by the ambition of ensuring stability and prosperity in Europe. Today, still young, the euro is already the currency of 340 million Europeans in 19 Member States. It has brought tangible...

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Member News

2018 Highlights of New York State Personal Income Tax Changes

New York State has decided to decouple from the Federal Tax Cuts and Jobs Act (TCJA) certain personal income tax changes for tax years 2018 and after.  This will allow you to still treat these items the same as prior to the TCJA.  They consist of the following:New York State Itemized Deductions:You will be allowed to itemize your deductions for New York State income tax purposes even if you choose not to itemize on your federal income tax return. ...

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Chapter News, Trade & TTIP Related

EU statement at the Trade Policy Review of the United States

Geneva, 17/12/2018 - 13:27, UNIQUE ID: 181217_10 | Statements on behalf of the EU Chair, At the last Trade Policy Review of the United States two years ago, a month before President Trump was sworn into office, I ended the EU statement with the hope that the protectionist rhetoric would end once the President-elect had taken office. Today, unfortunately, rhetoric has turned into reality and the repercussions of tariffs and other restrictions are being felt at the heart of this organisation,...

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Chapter News

Results from Transport, Telecommunications and Energy Council (Energy), meeting on 19/12/2018

The European Council was updated on the state of play on the Clean energy package files. I am very happy that yesterday we successfully concluded negotiations with the European Parliament on the two electricity market design files. This means that - provided EU ambassadors confirm this result - we now have a political agreement on the entire clean energy package. This will bring benefits to consumers in the form of lower energy prices and more possibilities to become active in the electricity...

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Member News

Former Corporate Counsel Strengthens FaegreBD’s D.C. Labor and Employment Group

Faegre Baker Daniels is pleased to announce that Jim Philbin has joined the law firm as counsel in the labor and employment group in Washington, D.C. Jim is a labor lawyer, litigator and corporate counsel who leverages 25 years of experience as a partner in a global law firm and over a decade of experience as a corporate executive, director and the general counsel of Maersk Inc., the North American subsidiary of A. P. Moller-Maersk A/S. Jim helps clients solve...

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