Member News

Treatment of Commercial Debt by the German Courts

UNDERSTANDING THE GERMAN COURT SYSTEM AND HOW TO AVOID IT WHENEVER POSSIBLE!! The construction of the German court system is simple. ​ ​There is the Regional court (Amtsgericht) and the Higher Regional Court (Landgericht), depending on the value of the claim. In addition, there is a Court of Appeal and for very rare case the Supreme Court (Bundesgerichtshof). When we are talking about debt collection, it is practically impossible to end up in the Supreme Court, because this court is...

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Chapter News

EIB issues first Sustainability Awareness Bond

EUR 500 m bonds demonstrates commitment to UN Sustainable Development Goals New bonds expand benefits of impact reporting and transparency beyond climate High-impact water projects to benefit from first sustainable bonds The European Investment Bank today issued its first Sustainability Awareness Bond. The EUR 500 million transaction represents the first EIB funding intended to directly support sustainable finance and builds on the EIB’s pioneering role unlocking investment through green bonds. “The launch of the EIB’s new Sustainability Awareness Bonds today...

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Member News

Financial reporting differences in Europe

By Emine Constantin | EMEA Head of Accounting and Tax In most European countries, public entities are subject to IFRS and must prepare their accounts accordingly. While local GAAP is aligned to IFRS, it is here and in taxation that key differences emerge. The European Union’s alignment to the International Financial Reporting Standard (IFRS) for accounting purposes makes financial reporting in Europe quite streamlined for companies. Private entities need to follow the local GAAP (Generally Accepted Accounting Principles), but in most European countries it...

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Member News

Four AlixPartners professionals to be honored with Turnaround Management Association’s “Turnaround of the Year” awards

By Tim Yost, Marketing Director - Public Relations, AMER | Detroit Recognitions stem from AlixPartners’ work at Caesars Entertainment Operating Company, BCBG Max Azria, and Eastern Outfitters AlixPartners, the global consulting firm, today announced that four of its consultants have been selected as winners by the Turnaround Management Association (TMA) for its prestigious “Turnaround and Transaction of the Year” awards, to be presented in late September at the TMA’s annual meeting, known as The Annual. The AlixPartners consultants are: Randall Eisenberg, a Managing Director in...

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Chapter News, Financing for Development/UN SDG's

Bill Rhodes: Beware of Emerging Markets

by Bill Rhodes, President and CEO of William R. Rhodes Global Advisors, LLC and author of Banker to the World: Lessons from the Front Lines of Global Finance Don’t be fooled. The high levels of volatility in emerging markets and sharp, sporadic pressures on a range of currencies, including those of Argentina, Mexico and Turkey, which holds elections on Sunday, are the opening salvos in a new period of mounting risks and uncertainties. The tensions and challenges in developing economies that will...

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Member News

Petitions for the Imposition of Antidumping Duties on Strontium Chromate from France and Austria

I. Type of Action: Antidumping Duty (“AD”) II. Product: The merchandise covered by this investigation is strontium chromate, regardless of form (including but not limited to, powder (sometimes known as granular), dispersions (sometimes known as paste), or in any solution). The chemical formula for strontium chromate is SrCr04 and the Chemical Abstracts Service (CAS) registry number is 7789-06-2. Strontium chromate that has been blended with another product or products is included in the scope if the resulting mix contains 15 percent or more...

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Chapter News, New York Related News, News

Global Business, Local Benefit Foreign Contributions to the New York Economy

New York City has reached historic levels of jobs and economic activity, thanks to its status as a global center of finance, commerce and innovation. In an era of rapid globalization, New York’s success would not be possible without the contributions of more than 5,000 foreign companies that have their U.S. headquarters and significant business operations in the city. Foreign companies currently employ 298,000 New Yorkers and contribute 11 percent of the city’s total $761 billion annual economic output. Foreign...

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Member News

The weekly Vulcan View for the 3rd to the 7th of September featuring analysis of the latest EU developments

VULCAN VIEW - KEY EVENTS THIS WEEK: EU COMMISSION Race for top job kicks off as frontrunners announce their candidacy The end of summer and arrival of September has marked the unofficial start of the race to take over from Jean-Claude Juncker and become the next President of the European Commission. The beginning of the holiday period that has just passed saw the EU’s Brexit negotiator Michel Barnier and the former Finnish Prime Minister Alexander Stubb – who are both senior members of the...

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Member News

Spotlight on NAFTA: Deal or no Deal? (September 2018)

By Daniel P. Erikson and Gabriella Ippolito When the North American Free Trade Agreement (NAFTA) came into force between the United States, Canada, and Mexico on January 1, 1994, it created the world’s largest free trade area of 444 million people that now produces $17 trillion worth of goods and services. Canada is presently the United States’ second largest trading partner and Mexico is the third largest. U.S. trade with its NAFTA partners stands at $1.2 trillion and the two countries buy one-third...

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Chapter News

ECB: The euro area: current status and challenges ahead

Speech by Luis de Guindos, Vice-President of the ECB, at La Granda courses, Asturias, 31 August 2018 It is a pleasure to be here at La Granda courses in Asturias. In my remarks today, I would like to review the economic developments in the euro area, explain our recent monetary policy decisions and reflect on the necessary reforms of Economic and Monetary Union, or EMU. Recent economic developments Economic growth in the euro area remains solid and broad-based, as confirmed by the...

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