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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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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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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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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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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Chapter News

EU Budget: A Reform Support Programme and an Investment Stabilisation Function to strengthen Europe’s Economic and Monetary Union

For the next long-term EU budget 2021-2027, the Commission proposes to create a Reform Support Programme and a European Investment Stabilisation Function. Both proposals are part of the broader agenda to deepen Europe's Economic and Monetary Union and make use of the EU budget to strengthen the performance and resilience of our interdependent economies. The proposals combine the key principles of solidarity and responsibility at all levels and deliver on the commitments made by President Juncker in his 2017 State of the...

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Member News

Getting the Snaps and Tweets into Evidence

By Matthew J. Hamilton, Donna L. Fisher, Jessica K. Southwick | Pepper Hamilton  Litigants who proffer data obtained from social networking sites like Facebook, Twitter and Instagram must authenticate that data before it will be admitted as evidence. Nearly all jurisdictions have a rule of evidence addressing authentication of exhibits and records, many of which mirror Rule 901(a) of the Federal Rules of Evidence. Courts have not agreed, however, on how to satisfy the requirements of Rule 901(a) for social media evidence. Recently, in Commonwealth v....

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Chapter News, Trade & TTIP Related

European Commission reacts to the US restrictions on steel and aluminium affecting the EU

The US announced that starting on 1 June 2018 it will impose additional duties of 25 % and 10 % respectively on imports of steel and aluminium from the EU. President of the European Commission, Jean-Claude Juncker said: "I am concerned by this decision. The EU believes these unilateral US tariffs are unjustified and at odds with World Trade Organisation rules. This is protectionism, pure and simple. Over the past months we have continuously engaged with the US at all possible levels to...

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Chapter News

Long-term EU Budget

Mobilising EU budget in support of stability, convergence and cohesion in the euro area and the EU as a whole For the next long-term EU budget 2021-2027, the Commission proposed today to create a Reform Support Programme and a European Investment Stabilisation Function. Both proposals are part of the broader agenda to deepen Europe's Economic and Monetary Union and make use of the EU budget to strengthen the performance and resilience of our interdependent economies. The proposals combine the key principles of...

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Chapter News

Financial Union: Commission launches risk reduction proposal to enable sovereign bond-backed securities

The Commission is today proposing new rules that will allow market-led solutions to support further integration and diversification within Europe's financial sector, leading to a stronger and more resilient Economic and Monetary Union. Today's proposal will remove unwarranted regulatory obstacles to the market-led development of sovereign bond-backed securities (SBBS). These securities would be issued by private institutions as claims on a portfolio of euro-area government bonds. SBBS would, by design, not involve mutualisation of risks and losses among euro area...

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