Member News

G20 commits to further advance the digital transformation

By Dr. Torsten Kraul, LL.M. The G20, which comprises the world’s largest advanced and emerging economies, continues to commit to “policies and actions that catalyze digital transformations.” This is the outcome of the G20 Digital Economy Ministerial Meeting in Argentina, held on 23 and 24 August 2018. At the meeting, ministers and senior officials discussed the impact of the digital transformation on global development. With a particular focus on the digital gender divide, the agenda included a range of issues including e-government practices, emerging...

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Member News

New PAYE system begins in France in 2019

If you have employees in France, you’re no doubt starting to worry about this key change to the way personal income tax is collected. What does it mean for your staff, finance and HR department? What will be the cost to your business? The good news is that the French Government has been very proactive in flagging the upcoming change, including posting a mandatory educational video on their website that all employees needed to view, before filing their annual personal...

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Chapter News

Drought in Europe: Commission presents additional measures to support farmers

In light of the difficulties faced by European farmers affected by drought this summer, the European Commission continues acting to provide practical support to the sector. Additional flexibility will be granted to help farmers provide sufficient feed to their animals. The European Commission presented today an additional package of actions aimed at increasing the availability of fodder resources for livestock, one of the main challenges faced by farmers dealing with the impact of drought. This package complements the measures already announced...

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Member News

Tradewind Provides Supply Chain Financing to Online Flooring Retailer Based in the UK

Tradewind has provided a £450,000 trade finance facility to a UK-based e-commerce retailer that sells flooring products directly to consumers online. Tradewind’s supply chain financing will allow the e-tailer to keep the right amount of inventory in stock so it can make deliveries on time to its customers for a large selection of products. At the same time, with the funding in place, the company can pay its vendors in China on TT terms before items are shipped and...

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Member News

TD Bank Becomes the First Bank to Receive Gold-Level Recognition as a Green Lease Leader

By CHERRY HILL, N.J. TD Bank, America's Most Convenient Bank®, has been recognized as a Green Lease Leader by the Institute for Market Transformation (IMT) and the U.S. Department of Energy's (DOE) Better Buildings Alliance. "This award recognizes our ongoing strategy to embed environmental provisions into our leasing process to further TD's operational footprint performance. This includes engaging with our landlord network and brokers, and continuously demonstrating leadership practices within the commercial real estate community since first launching our Environmental Management Plan in...

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Member News

Six Trends Will Shape Future International Commercial Disputes

By Cedric C. Chao The world of international litigation and arbitration tends to move slowly. However, I expect the pace of change to accelerate in the coming decade as these six trends take hold. 1. Asia rising Asia-based companies and Asia-related transactions will become increasing sources of cross-border disputes. Asia's economies as a share of global GDP have been growing at an accelerating pace over the past decade. Asia's representation in the Fortune Global 30 grew from five companies to nine companies between...

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Member News

Signify launches new Philips GreenPower LED toplighting with higher output for light-loving crops

Signify (Euronext: LIGHT), the world leader in lighting, today announced the introduction of the new Philips GreenPower LED toplighting high output with a light efficacy up to 3.0 µmol/J and an output of 800 µmol/s. The new module will help greenhouse growers improve the growth of vegetables, fruits, flowers and other crops that require a lot of light. The new toplighting is available as of September 2018. In addition to higher light levels and improved efficiency, the high output modules will have...

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Member News

STS enters the changing regulatory landscape for European securitization

By Paul Wilden | Head of Capital Markets Services Change is coming to the European securitization market. Some of the changes and new regulations are clear and relatively easily implemented, while others remain vague and will probably have a high impact on business process. It’s no secret that securitization products played a big role in the US subprime mortgage crisis of 2007 - complex, opaque and lightly differentiated securitization led to a market meltdown. The effects of the crisis are still...

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Chapter News

Nokia lands EUR 500 million EU Financing for 5G research

EUR 500 million EIB loan will be used to accelerate research and development of 5G tech Loan backed under European Fund for Strategic Investments, part of successful Juncker Plan Finnish multinational telecommunications, information technology, software and services company Nokia today signed a EUR 500 million loan transaction with the European Investment Bank (EIB), supported by the European Fund for Strategic Investments (EFSI), a key element of the Investment Plan for Europe, also known as the Juncker Plan. Nokia will use the loan...

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Member News

35th anniversary of the Belgian expatriate “special tax regime”

By Melissa Claessens Belgium has an attractive special tax regime for foreign executives and specialised employees temporarily employed in Belgium. 8 August was its 35th (!) anniversary. Since that day in 1983 the currently applicable regime has been set out in a Tax Letter. Although the tax regime is very attractive, it is not flawless and the reshaping of Belgian income taxes, over the past years, also had its impact. In the coming weeks, we will highlight and summarise the main...

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