19 Dec
Chapter News

How global trade disruption is taxing supply chains and operating models

By Gijsbert Bulk Global trade was transformed in 2016 as the British electorate voted to leave the EU and Donald Trump became the 45th president of the US. The political and economic uncertainty these two events have generated is greater than that seen during the global financial crash of 2008-09, according to the Global Economic Policy Index, which tracks news and policy sites to measure certainty. Countries are competing against one another in a series of increasingly unpleasant trade wars. According...

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19 Dec
Member News

Electronic invoicing is mandatory in Italy as of January 1, 2019

The Italian Budget Law for 2018 (Law no. 205/2017) (“the  Law”) establishes a mandatory real-time electronic sales invoice issuance and reporting system (“E-invoicing”). E-invoicing will be mandatory in Italy as of January 1, 2019. E-invoicing requirement will be applied to all companies that are tax residents in Italy, but it will not cover the following categories: (1) non-resident taxpayers that are not subject to VAT. Notwithstanding such exclusion, it is possible for Italian companies to issue invoices to such non-residents...

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19 Dec
Brexit News, Chapter News

EU statement at the Trade Policy Review of the United States, 17 December 2018

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, and more generally in global growth prospects. The US has shaped the global...

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19 Dec
Member News

Don’t Let These 10 Legal Myths Stop Your Doing Business In The United States: Myth #5. If we enter the US we may be jeopardizing our valuable intellectual property.

By Marc S. Friedman | Director of Professional Relations| Global Commerce Education In the most recent article in this series, I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #4 –that there are too many business regulations in the US to make doing business in the US worthwhile. In this installment, I will address Myth #5. If we enter the US we may be jeopardizing your valuable intellectual property.  Like...

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19 Dec
Brexit News, Chapter News

Brexit: European Commission implements “no-deal” Contingency Action Plan in specific sectors

The United Kingdom will leave the European Union in 100 days' time. Given the continued uncertainty in the UK surrounding the ratification of the Withdrawal Agreement, as agreed between the EU and the UK on 25 November 2018 – and last week's call by the European Council (Article 50) to intensify preparedness work at all levels and for all outcomes – the European Commission has today started implementing its “no deal” Contingency Action Plan. This delivers on the Commission's commitment to adopt...

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19 Dec
Member News

Healthcare Update in the US: Healthcare and Medical Law Developments in 2018 – What Next?

By Kevin Power | Mason Hayes & Curran 2018 has seen many developments in the healthcare sector including open disclosure on a statutory basis. None of us could have foreseen how open disclosure would become the focus of national debate and indeed controversy. As the CervicalCheck story unfolded, it was news to many that there was no provision for mandatory disclosure. This was followed by the Scally report and Judge Meenan’s report on an alternative system for dealing with claims arising from CervicalCheck. We also...

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19 Dec
Member News

2018 Vistra 2020 Report: Realising the Opportunities in a Disruptive Corporate Services Industry

Vistra, a leading global trust, fund administration and corporate services provider, today released the eighth edition of its Vistra 2020 industry research report. The report reveals that the corporate services industry has never been so vital in underpinning globalisation, from the facilitation of cross border capital flows, to the provision of local compliance, legal and regulatory expertise to companies and individuals wishing to do business cross border. “As the industry responds to geopolitical upheaval, as businesses and jurisdictions come to...

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19 Dec
Brexit News, Member News

The most common questions businesses are asking about Brexit

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 now for a no-deal scenario is the smartest action that companies...

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18 Dec
Brexit News, Chapter News

Main Results of the European Council

Remarks by President Donald Tusk after the European Council meeting on 14 December 2018 Main results The European Council on 13-14 December 2018 focused on the EU's long-term budget, external relations, migration and the single market. EU27 leaders also discussed Brexit on Thursday and the euro area on Friday. European Council conclusions, 13-14/12/2018 European Council (Art. 50) conclusions, 13/12/2018 Remarks by President Donald Tusk after the European Council and Eurosummit meetings, 14/12/2018 At the start of the meeting, Chancellor Sebastian Kurz, representing the...

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18 Dec
Member News

Germany Announces €3 Billion “Artificial Intelligence (AI) Made in Germany” Initiative

By Matthew U. Scherer and Michael J. Lotito | Littler The German federal government has announced a sweeping new initiative with the stated goal of making “Germany and Europe the worldwide leader in the field of artificial intelligence.”  In so doing, Germany is following in the footsteps of Japan, China, and South Korea, whose governments have adopted ambitious national AI strategies since the beginning of 2017.  The plan, dubbed “AI Made in Germany,” marks the latest salvo in a battle for global supremacy in the...

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