Member News

Be Aware: Less than one month to go until GDPR – are you ready?

By Tim Marshall | Adam Hartley | DLA Piper  The countdown is on to the implementation of the GDPR on 25 May 2018. With less than one month to go, many employers will be finalising their preparation for the changes the new law will bring to data protection in the workplace.  For those employers finalising their preparations, it may be time to check in to ensure that you remain on track and on target. But for those organisations who are only just turning...

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Member News

Vistra doubles international expansion services business with acquisition of US-market leader Radius

 Vistra, one of the world’s leading providers of international incorporations, trust, fiduciary, private office and fund administration services, today announced it has entered an agreement to acquire Radius, a specialist US-based provider of international expansion services. Vistra is acquiring Radius from the private equity firm Hg. The transaction doubles Vistra’s International Expansion Services (IES) business, making it a market leader in IES services, including the number one market position in the USA. Vistra’s IES business helps clients navigate expansion into...

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Chapter News

Working Paper Series no. 678:The Impact of Exports on Innovation: Theory and Evidence

Aghion Philippe, Bergeaud Antonin, Lequien Matthieu, Melitz Marc J. Philippe Aghion, Antonin Bergeaud, Matthieu Lequien and Marc J. Melitz investigate the effect of export shocks on innovation. On the one hand a positive shock increases market size and therefore innovation incentives for all firms. On the other hand it increases competition as more firms enter the export market. This in turn reduces profits and therefore innovation incentives particularly for firms with low productivity. Overall the positive impact of the export shock on innovation...

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Member News

U.S. International Trade Commission Issues Long-Awaited Rule Amendments to Section 337 Practice

By Wilson Sonsini Goodrich & Rosati On April 26, 2018, the International Trade Commission (ITC) published its long-awaited amendments to its Rules of General Application, Adjudication, and Enforcement. The amendments address a host of issues including the splitting or severance of investigations, early resolution on potentially dispositive issues, subpoena practice, and other procedures intended to address concerns about investigations conducted under Section 337 of the Tariff Act of 1930 (19 U.S.C. Section 1337). The ITC first published proposed amendments on September 24, 2015,...

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Member News

Increasing Level of EU Fines For Procedural Infringements in Mergers?

By Alexandra Kamerling | Sarah Smith | Sam Szlezinger | DLA PIPER Introduction The fines imposed by the European Commission (the "Commission") for substantive breaches of competition law have been steadily increasing in recent years, culminating in the high fines imposed on Intel (€1.06bn), Google (€2.42bn) and the participants in the trucks cartel (totalling €3.8bn). However, the Commission is also increasingly enforcing procedural competition law rules, particularly in the context of the European Merger Regulation (the "EUMR"), imposing fines for breaches, the most recent example being the...

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Member News

The weekly Vulcan View for the 23rd to the 27th of April featuring analysis of the latest EU developments

KEY EVENTS THIS WEEK: BREXIT Downing street comes under renewed pressure over customs union British MPs yesterday approved a non-binding motion recommending that the UK should remain in the customs union after Brexit, a move that heaps further pressure on Prime Minister Theresa May and her cabinet ahead of a crucial binding vote that will come back into the House of Commons in the next few weeks. Although a planned non-binding vote scheduled for today did not go ahead as expected, the...

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Chapter News

Tackling online disinformation: Commission proposes an EU-wide Code of Practice

Brussels, 26 April 2018 Today, the Commission is proposing measures to tackle disinformation online, including an EU-wide Code of Practice on Disinformation, support for an independent network of fact-checkers, and a series of actions to stimulate quality journalism and promote media literacy. The recent Facebook/Cambridge Analytica revelations demonstrated exactly how personal data can be exploited in electoral contexts, and are a timely reminder that more is needed to secure resilient democratic processes. Today the European Commission is taking steps forward in...

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Member News

Update on Property Tax Issues: April 2018

By Paul Sanderson | International Property Tax Institute (IPTI) The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). As far as Europe is concerned, this month’s report includes articles on France, Germany, Greece and Poland. There is a separate...

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Member News

Vistra Named ‘Fund Administrator of the Year’

Vistra was named ‘Fund Administrator of the Year’ at the Private Equity Awards 2018 on Tuesday evening.   The award recognises the overall achievement of fund administrators in the calendar year of 2017, reflecting success in creating value for clients through the use of technology, understanding of ever-changing regulation and best-in-class reporting and analysis, as well as the overall evolution of team and strategy.   Commenting on the win, Onno Bouwmeister, Group Managing Director, Alternative Investments at Vistra said: “This is a huge achievement...

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Member News

New Menaker & Herrmann Affiliation

By MENAKER & HERRMANN We have some major news about a significant development in our practice. After 35 years as a stand-alone partnership, effective April 30, Menaker & Herrmann will enrich its resources by affiliating with Offit Kurman, P.A., a law firm with a broad general practice and over 140 lawyers in the Washington, D.C., Baltimore, Philadelphia and New Jersey metro areas. We will become the core of Offit Kurman’s New York practice, operating under the Offit Kurman name. The entirety...

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