02 Nov
Brexit News, Member News

The Weekly Vulcan View for the 29th of October to the 2nd of November featuring analysis of the latest EU developments

VULCAN VIEW - KEY EVENTS THIS WEEK: BREXIT  Brexit talks on financial services reveal continued divisions on tradeReports emerged this week that Brussels and London reached an agreement on financial services trading, causing the pound to rise significantly on Thursday. The question of the UK’s financial services sector’s access to the EU market has been a key issue in negotiations, as UK-based banks have pushed for close alignment with the EU. The EU’s existing “Equivalence” regime for third countries allows non-EU financial...

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02 Nov
Brexit News, Member News

BREXIT: Will a Second Referendum Provide Greater Certainty For Business?

Following the recent Salzburg summit where the EU rebuffed Theresa May’s Chequers Plan, business across the UK are grappling with the possibilities of Brexit, and what the UK’s departure from the EU will look like on a practical level. Whilst many SMEs, including participants  in our recent Brexit survey, are approaching the break with a cautious optimism, they are also busy with contingency planning in the event of a no-deal scenario. What businesses and employees alike are craving is certainty...

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01 Nov
Chapter News

LIFE Programme: Member States to benefit from quarter of a billion euros of investments in environment, nature and climate action

The European Commission has approved an investment package of €243 million from the EU budget for projects under the LIFE programme supporting nature, the environment and quality of life in Europe's transition to a more sustainable and low-carbon future. The EU funding under the LIFE programme for the Environment and Climate Action will mobilise additional investments leading to a total of €430.7 million going towards 142 new projects. With numerous trans-national projects funded, LIFE will have an impact in every EU Member State. Funds of...

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01 Nov
Member News

European Court of Justice clarifies the application of choice of forum clauses in competition damages claims

By Jeroen Kortmann | Partner Amsterdam On 24 October 2018, the European Court of Justice ruled that a choice of forum clause in a contract between Apple and eBizcuss, a former reseller of Apple products, may apply to abuse of dominance claims, even when the clause does not explicitly refer to disputes relating to liability resulting from a competition law infringement. In 2012, eBizcuss brought damages proceedings against Apple in France claiming that Apple had abused its dominant position. Apple, however, argued that the French...

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31 Oct
Member News

Update on Property Tax Issues: October 2018

The EACC, in partnership with the International Property Tax Institute (IPTI), wants  to keep  its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). As far as Europe is concerned, this month’s report includes articles on France, Greece, Luxembourg, Slovenia and the United Kingdom. In the USA, articles include California and...

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30 Oct
Chapter News, Financing for Development/UN SDG's

EIB AND ICO: EUR 800m to support micro-enterprises and the self-employed

The aim of this new agreement is to provide financing on favourable terms for small projects Ensuring that credit reaches entrepreneurs and young people wanting to turn their ideas into a business is the objective behind the agreement signed between the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO). The EIB will provide EUR 400m to ICO, which will in turn contribute an additional EUR 400m of its own, meaning that the financing volume available to micro-enterprises (with...

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30 Oct
Member News

Austria: New Working Time Laws

Written by Roger James of Ogletree Deakins and Matthias Unterrieder  New legislation is on the way, which will introduce significant changes to Austrian rules on working hours. The employer-friendly legislation will increase maximum daily and weekly working hours and allow employers more flexibility in creating work schedules. The maximum daily working time will be increased to 12 hours (from 10), and the maximum weekly working time will be 60 hours (up from 50) in any given week. This will significantly reduce...

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30 Oct
Member News

6 European payroll challenges for US companies

When it comes to HR and payroll, the European market can be particularly complex for US-based companies. Here’s why. While the 28 member countries of the European Union are unified in some ways, when it comes to HR and payroll, they can vary greatly, from how they implement EU directives to government disclosure requirements. And non-EU member states such as those in Eastern Europe, Switzerland and Scandinavia present unique difficulties of their own. If you’re experiencing headaches coordinating HR and payroll...

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30 Oct
Member News

What to Look for in a Staffing Partner

By Len Adams A staffing partner can be an incredibly valuable asset for businesses hoping to find the best talent. However, not all recruiters are created equal and you will only be as successful as the firm you choose to partner with. So how do you decide who to partner with? There are several simple ways that you can use to determine whether a firm is right for you. Responsiveness This is a very quick way to gain insight into the staffing...

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30 Oct
Member News

Don’t Let These 10 Legal Myths Stop Your Doing Business In The USA: Myth #2 Forming a business in the US takes a very long time with too many hurdles to overcome

By Marc S. Friedman | Director of Professional Relations | Global Commerce Education Last week I explained how many non-US companies, including Baltic businesses, are discouraged from exploiting a robust US marketplace by Myth #1 - The costs of entry into the US, including the costs of business formation, are very great and, thus, prohibitive. In this article, the third in a series, I address Myth #2 – that forming a business in the US takes a very long time...

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