04 Dec
Member News

The United States’ Danske Bank Investigation – This is Something Different

By Jonathan Lopez | Amy Walsh | Robert Reznick | Daniel Streim | Matthew Moses Last month, Danske Bank A/S – Denmark's largest bank – announced that the United States Department of Justice ("DOJ") has initiated a criminal investigation relating to the bank's Estonian branch. This follows the announcement of a series of high-profile investigations by European regulators and a September 2018 report commissioned by the bank detailing up to €200 billion in potential suspicious payments conducted through the Estonian branch between 2007 and 2015. Several media sources...

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03 Dec
Chapter News

G20 Leaders’ declaration Building consensus for fair and sustainable development

1. Ten years since the first G20 Leaders’ Summit we met in Buenos Aires, Argentina, on 30 November1 December 2018 to build consensus for fair and sustainable development through an agenda that is people-centred, inclusive and forward-looking. 2. This year we have focused on the following pillars: the future of work, infrastructure for development, a sustainable food future and a gender mainstreaming strategy across the G20 agenda. 3. We have addressed our agenda promoting dialogue and the search for common ground. Building consensus requires the...

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03 Dec
Member News

Fall 2018 Economic Outlook

By David Dodge, Richard Dion,  Serge Dupont, John Weekes, Michael Horgan, Valerie Hughes The Bennett Jones Governmental Affairs and Public Policy group are pleased to present the Fall 2018 edition of the Bennett Jones Economic Outlook.   This report provides unique insights on the current and future state of the Canadian and global economies, with a focus on the following key themes:   1.    Global Growth to 2021: The broad cyclical, structural and policy factors expected to shape growth, and the short- and medium-term risks to the projection.   2.    International Trade: Despite...

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03 Dec
Member News

Don’t Let These 10 Legal Myths Stop Your Doing Business In The United States:Myth #4 – There are too many governmental regulations that will make it very difficult to grow a business in the US.

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 #3 –there are so many methods of market entry that it is impossible to know which is best for my company. In this installment, I will address Myth #4 - There are too many governmental regulations that will make it very...

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30 Nov
Brexit News, Member News

The Weekly Vulcan View for the 26th to the 30th of November featuring analysis of the latest EU developments

VULCAN VIEW- KEY EVENTS THIS WEEK: EUROPEAN UNION Barnier for Commission President? Despite being selected as the European People’s Party Spitzenkandidat (lead candidate for the European President position) earlier this month, Manfred Weber is far from crossing the finishing line. Michel Barnier, the European Commission’s chief Brexit negotiator declined to run for the EPP nomination citing his Brexit workload as a deciding factor. On Sunday, at the special convening of the European Council, Michel Barnier was praised by a wide range of EU...

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29 Nov
Brexit News, Chapter News

With uncertainty stemming from Brexit and US-China relations, Chinese investors need a Geostrategy

EY today released Geopolitical update: Brexit and US-China relations, which explores how Brexit and the increasing complexity of US-China relations is affecting Chinese enterprises’ overseas investments. Investors from China should pay close attention to the latest policy developments and develop a geostrategy to manage the risks and identify the opportunities amid this growing uncertainty. Jon Shames, EY Global Geostrategic Business Group Leader, said: “While the world has moved into a new and unsettling geopolitical phase, Chinese businesses and investors cannot focus...

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29 Nov
Brexit News, Chapter News

What Happens If There Is No Brexit Deal?

by John Bruton, Former Prime Minister of the Republic of Ireland The European Commission has produced a paper setting out the preparations that will have to make for a “No Deal “ Brexit, and what would have to done to deal with it. I have extracted some of the interesting quotations from it. It is quite explicit in some respects, but those who say there will be no hard border in Ireland in any circumstances will need to seek further...

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29 Nov
Brexit News, Chapter News

Stress testing the UK banking system: 2018 results

Published on 28 November 2018 The results of the Bank of England’s 2018 stress test show the UK banking system is resilient to deep simultaneous recessions in the UK and global economies that are more severe overall than the global financial crisis and that are combined with large falls in asset prices and a separate stress of misconduct costs. Despite facing loss rates consistent with the global financial crisis, the major UK banks’ aggregate CET1 capital ratio after the stress would...

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29 Nov
Brexit News, Chapter News

Statement by Michel Barnier at the Plenary session of the European Parliament on the Article 50 negotiations with the United Kingdom

Thank you, Madame President, Secretary of State, Ladies and gentlemen, Members of the European Parliament, Good morning to each and every one of you and thank you for giving me the opportunity to speak to you on behalf of the European Commission, with an apology on behalf of President Jean-Claude Juncker who is participating in the G20 right now. Madame President, we are at an important and serious moment, 17 months after the beginning of the negotiation that I am honoured to conduct...

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29 Nov
Member News

GL Events Welcomes on Board 3 new venues in Major Aeronautics, Knowledge and Business Hubs

Fast growing in different parts of the world, GL events introduces 3 new centres to join its 40 venues global network : -       Aichi Sky Expo Convention and Exhibition Center, Japan -       E2 Dubai South Event and Exhibition Center, UAE -      New   Toulouse   Exhibition   and   Convention   Centre, France Three destinations are reknowned hubs for aeronautics and aviation. -      Toulouse is a world capital for aeronautics and European capital in space sector -       The aerospace industry in Aichi-Nagoya is the largest inJapan and in Asia -      Dubai...

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