Member News

TD Bank and the High Line Return with ‘High Line Honey’ Event to Promote Sustainable Honey and Highlight the Environmental Importance of Bees

Join us on the High Line on Saturday, July 14th for a free community program featuring honey tastings, live beehives, and much more Friends of the High Line and TD Bank, America's Most Convenient Bank®, and the Presenting Green Sponsor of the High Line, today announce the return of the High Line Honey program, which culminates this year with a summer harvest event on the High Line on Saturday, July 14th. Organizers expect to produce between 100 to 150 pounds of...

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Member News

European Court of Justice finds current German anti-treaty shopping rule violates EU law

By Dr Raimund Behnes | DLA Piper Following its recent joint decision on Deister Holding (C-507/16) and Juhler Holding (C-613/16) on the former version of the German anti-treaty shopping rule (see earlier insights), the European Court of Justice (ECJ) has now decided that the current version of Germany's anti-treaty shopping rule, as widely expected, is also incompatible with the EU Parent-Subsidiary Directive and infringes the EU freedom of establishment (ECJ decision C-440/17). This outcome renders the German anti-treaty shopping framework in its current form invalid and...

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Member News

No escape | Why your termination-on-insolvency clause is unlikely to be effective under German law

By Osborne Clarke  Many supply, construction or service contracts include a clause which allows either party to terminate the agreement, or provides that the agreement will terminate automatically, upon the occurrence of various insolvency-related events. However, such clauses allowing for the termination of contracts purely for reason of insolvency of the other party are generally invalid under German insolvency law. Understanding how this might affect your contracts can help you to ensure that you are adequately protected through other contractual provisions,...

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Member News

Court of Justice condemns Belgian system for disregarding the A1 Declaration

By Danaïs Fol | Loyens & Loeff Today, July 11th, the Court of Justice issued an important ruling in the case C-356/15 European Commission versus Belgium. The Court of Justice ruled that Belgian legislation, which provides that Belgian authorities can unilaterally declare posted workers subject to the Belgian social security legislation, is inconsistent with EU legislation. A1 Declaration is presumed to be binding An A1 Declaration is an official document issued by a Member State in which a company that is posting workers is...

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Chapter News

Commission supports normalisation in Greece through activation of post-programme framework

The Commission has adopted a decision to activate the enhanced surveillance framework for Greece to support the implementation of agreed reforms following the successful conclusion of the European Stability Mechanism (ESM) stability support programme. On 20 August, Greece will conclude its ESM stability support programme, safeguarding its place at the heart of the euro area and the European Union. This major achievement is the result of the sacrifices of the Greek people, Greece's commitment to reforms, and the solidarity of...

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Brexit News, Member News

Eversheds Sutherland Financial Services Brexit Round Up week commencing 9 July

By Andrew Henderson | Michaela Walker Over the last week the UK cabinet has concluded its negotiations with itself in respect to what kind of deal it is going to seek with the EU, a deal which, in the words of HMG, has “evolved” since the Prime Minister’s Mansion House speech1. We have seen a brief summary of the terms, but not the much delayed White Paper (which is expected on Thursday 12 July) and this has led to, at the time of...

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Member News

Destination Germany

TMF Group, in association with ACCA, looks at the big issues for businesses planning to set up or expand in Germany and the tax and accounting regulations to consider. In economic terms, Germany is on a high. In 2017 economic growth in Germany reached 2.2%, the highest level for six years. Unemployment is down to 3.6%, the lowest level since unification in 1990. It is no wonder that companies across Europe and the world see Germany as an attractive destination. It...

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Member News

Tradewind Provides Export Finance Facility to Start-Up Textile Manufacturer and Exporter in India

Tradewind has provided a $2 million export finance facility to a start-up manufacturer and exporter of home textiles based in India. With the facility in place, the company, who sells to the US and Europe, was able to meet its working capital requirement, accommodate its increasing sales on open account payment terms, and explore potential growth opportunities. As a start-up business, the client struggled securing funding from traditional banks. Because Tradewind works with companies who do not have a long...

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Member News

5 Tips For a Better Pitch [Communication Is Key ]

By Lisa Patti | AccentC3 When I am coaching entrepreneurs from around the world, the focus is typically on clarity of speech and using intonation and voice to make an impact. That, however, can take many shapes, and one reason for that is the impact of culture on communication. Sergey Zverev, the founder of Bino, explained that being more serious shows confidence in Russia. Less facial expression and intonation are commonly used to demonstrate that. In Vietnam, however, speaking in a softer...

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