06 Jun
Member News

“We’re Updating Our Privacy Policies”—Consent Under the GDPR

By Justin T. Tarka (London) | Ogletree Deakins With the General Data Protection Regulation (GDPR), the European Union’s new privacy law having come into effect on 25 May 2018, thousands of companies have been flooding inboxes in recent weeks with emails asking for consent from recipients, seemingly to comply with the GDPR. While it is probably reassuring to hear from those that hold particularly sensitive information—banks, for example—perhaps less welcome are emails from companies with whom email recipients may have had merely occasional contact,...

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06 Jun
Chapter News

IMF Executive Board Concludes 2018 Article IV Consultation with Kingdom of the Netherlands – Netherlands

On May 23, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Netherlands.  The Netherland’s economic recovery has taken hold. Real growth is forecast to reach 3.1 percent in 2018 owing to robust domestic demand. Private consumption has been supported by rising disposable income and positive wealth effects from increasing house prices. Net exports have proven resilient to global uncertainties, pushing up the already large current account surplus. Unemployment has continued to decline rapidly,...

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06 Jun
Chapter News, Financing for Development/UN SDG's, New York Related News

Governor Cuomo Announces New U.S. Climate Alliance Initiatives to Mark One-Year Anniversary of President Trump’s Decision to Withdraw from the Global Paris Climate Accord

U.S. Climate Alliance Initiatives Draw on New York State's Leadership in Combatting Climate Change, Renewable Energy, Reforming the Energy Vision Initiative, and Nation's Largest Green Bank New Commitments Include Reducing 'Super Pollutants,' Expanding Clean Energy Financing, Storing Carbon in Landscapes, and Softening the Negative Impact of Federal Solar Tariffs U.S. Climate Alliance States Remain on Track to Meet Their Share of U.S. Paris Agreement Target for at Least 25% Emissions Reductions by 2025 Governor Andrew M. Cuomo today marked the one-year anniversary...

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05 Jun
Member News

TD Seeking Innovative Solutions For A Changing World, Launches The TD Ready Challenge To Help Prepare People And The Economy For The Future

On June 4th, TD  launched the TD Ready Challenge, an annual North American initiative that has ten $1 million (CDN) grants available to help catalyze innovative solutions for a changing world. The announcement follows the recent launch of The Ready Commitment, a multi-year program targeting CDN $1 billion (US $775 million) in total by 2030 towards community giving. The TD Ready Challenge will address the four areas identified within The Ready Commitment as critical to building an inclusive future – Financial Security, a more Vibrant Planet, Connected Communities...

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05 Jun
Member News

Anticompetitive agreements: New risks – EU law does not protect against extradition to third countries

By  Sebastian Janka and  Sarah Blazek | Noerr A recent ruling by the European Court of Justice (ECJ) on 10 April 2018 highlights the serious consequences for natural persons of participating in anticompetitive agreements. According to the decision, it is compatible with EU law for EU Member States to extradite citizens of other EU Member States to third countries such as the United States. This applies even if national constitutional law blocks the extradition of that country’s nationals. Such an extradition does not constitute discrimination,...

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05 Jun
Member News

Tradewind Provides $1 Million Export Factoring Facility to Auto Parts Trading Company Based in China

Tradewind has announced the closing of a $1 million post shipment finance facility for an international trading company based in China that specializes in the import and export of auto parts. Through its arrangement with Tradewind, the company received the liquidity it needed to support both open account terms requested by its overseas buyers and payment before delivery sought out by its suppliers. The company sells mostly to customers in Europe and the US and, with Tradewind’s assistance, was able...

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05 Jun
Member News

Effectively Using Third Party Recruiting Firms To Attract Talent

by Len Adams, C.P.C., President and Chief Executive Officer | ACG Resources  with Comments by Dr Philip Wegner  Expertalis, Germany Whether your business is small (and seeking start up staff) or large (and seeking to replace key executives), there are many methods of identifying and attracting qualified staff, including running ads, Web postings on the company web site, job boards, Linked In, Utilizing Internal recruiting staff, asking for recommendations from existing staff, "networking," or just depending word of mouth candidates. All of...

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05 Jun
Member News

What should you know about hiring a recruiting firm for/in Germany

A short supplement by Dr. Philip Wenger, Managing Partner of expertalis GmbH, FMA Member of the Board: A lot of US-facts mentioned by my dear FMA Partner Len Adams, also correspondent to the German market. To summarize: The labor market: extremely tight. Almost full employment nationwide, especially in the south and in the disciplines of Engineering (machinery, electronics), IT, Tax and Sales as well as specialists from all disciplines. As a result of this all of the best candidates are already...

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04 Jun
Member News

Bannockburn Global Forex Update: June 2018 FX Outlook

June 2018 FX Outlook   The USD made strong gains against most currencies in May, though it fell back against the JPY as risk appetite weakened sharply at the end of the month. Italian political concerns dominated the second half of May, but USD strength was already well entrenched as widening yield spreads, fading concerns about trade tensions and optimism around Korea initially all helped to support the USD. Although China trade tensions returned at the end of the month...

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01 Jun
Member News

The weekly Vulcan View for the 28th of May to the 1st of June featuring analysis of the latest EU developments

KEY EVENTS THIS WEEK: ITALY President gives green-light to populist coalition government The political turmoil that has rocked Italy and the global financial markets appears to have come to an end after the Italian President Sergio Mattarella formally gave his seal of approval to the populist government coalition between the anti-establishment Five Star Movement and the far-right Northern League. The alliance’s chosen prime minister, Giuseppe Conte, presented his list of ministers to the President late last night which was accepted meaning that...

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