Chapter News

EIB Group confirms record EUR 2.5 billion financing in Greece in 2017

Strengthened EIB engagement in Greece delivers EUR 2.5 billion new investment Crucial renewable energy, transport and telecom infrastructure transformed 2,750 Greek companies benefit from new investment backed by largest ever European Investment Fund engagement EIB trade finance scheme expanded following new EUR 134 million HSBC support The European Investment Bank Group today confirmed that a total of EUR 2.5 billion of new financing was signed in 2017 for public and private sector investment across in Greece. This marks the...

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Chapter News

Commission Publishes Guidance on Upcoming New Data Protection Rules

The Commission publishes today guidance to facilitate a direct and smooth application of the new data protection rules across the EU as of 25 May. The Commission also launches a new online tool dedicated to SMEs. With just over 100 days left before the application of the new law, the guidance outlines what the European Commission, national data protection authorities and national administrations should still do to bring the preparation to a successful completion. While the new regulation provides for a...

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Member News

AlixPartners promotes economics consulting professional to Managing Director

By Alix Partners We are delighted to report that our colleague, Derek Holt, has been promoted to Managing Director in our European economics consulting practice. Derek’s promotion reflects his substantial contribution across a range of competition and regulatory cases.   In 2017 alone, Derek acted as an independent expert for: Visa Inc. in relation to various interchange fee Court litigation (where the Court decided that Article 101(1) had not been infringed); Visa Inc. in relation to the European Commission’s investigation of inter-regional interchange...

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Member News

Tax Update: Big Changes in the Estate and Gift Tax Laws Require Attention

By Alexia M. Fishman | Member | Cozen O'Connor |(800) 523-2900  |afishmancozen.com The new tax law represents the most comprehensive overhaul of the Internal Revenue Code since 1986 and includes important changes to the estate and gift tax rules that likely will have an impact on your estate plan, the state you may choose to be your residence, or your charitable giving.  We want to highlight these important changes: Annual Gift Amount Increased. For 2018, the annual gift tax exclusion amount for gifts...

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Member News

DS-Concept Announces $30 Million Trade Finance Facility for Chinese Chemicals Trading Company

By DS-Concept DS-Concept has provided a $30 million credit facility to a trading company specializing in chemicals that are widely used in coatings, adhesives, X-ray films, and refinery. The company, based in China and exporting to the U.S., Europe, and South America, is applying the facility to finance open account terms with buyers overseas, fill more orders, and pursue additional commodity opportunities with larger clients, furthering its coveted position as a leading chemicals supplier. As the US and Europe phase out...

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Member News

Exploring the impact of tax reform on valuations for taxable entities.

By Ryan Gandre | Managing Director | Chicago |+1.312.752.3318 |rgandrestoutadvisory.com | STOUT On December 20, 2017, Congressional Republicans passed their long-awaited plan to restructure the tax code, and President Trump signed the bill into law on December 22. Originally titled the Tax Cuts and Jobs Act, last-minute Senate budgetary rules prohibited a short name, resulting in the longer name, H.R. 1, An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal...

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Member News

CMS On your radar | Key employment issues worldwide | January 2018

By Dr. Gerlind Wisskirchen | +49 221 7716 345 | gerlind.wisskirchencms-hs.com | CMS Law Tax The international CMS labor and employment group has the pleasure of sharing the fourth edition of On Your Radar publication giving you access to the key employment law developments at your fingertips. Our easy to read guide provides our expert analysis and action points to deal with these developments in Europe and beyond. And while many of us advising clients in Europe are dealing with the...

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Member News

Restrictions to Online Luxury Sales in Europe

By AEM Carnelutti Big luxury brands have ignored e-commerce sales strategies for many years, while other commercial industries have commonly resorted to e-commerce stores as sale channels. The luxury brands’ view of e-commerce has radically changed in the last two years. Some luxury companies launched their own online platforms to sell their products directly to customers. A recent EU Supreme Court decision may however stall the involvement of mass e-commerce giants, such as Amazon, in the European online luxury shopping. On December...

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Member News

The Government Shutdown’s Impact on Immigration

By Curtis Y. Chow  (Columbia) | Lee Gibbs Depret-Bixio  (Columbia) | Ogletree Deakins On January 20, 2018, the federal government entered into a partial shutdown following Congress’s failure to reach an agreement to continue funding the federal government. Certain federal agencies that rely solely on government funding will not be able to provide most services. Agencies that receive funding from fees or other government sources are expected to remain open, but are expected to experience service delays. Immigration processes...

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Chapter News

More flexibility on VAT rates for Member States

The Commission proposes new rules to give Member States more flexibility to set VAT rates and to create a better tax environment to help SMEs flourish The EU's common VAT rules, agreed by all Member States in 1992, are out of date and too restrictive. They allow Member States to apply reduced VAT rates to only a handful of sectors and products. At the same time, EU countries consider VAT rates as a useful instrument to pursue some of their...

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