Member News

DS-Concept Closes Export Factoring Facility for Hungarian Trading Company

By Catherine Alvino | Marketing Coordinator | DS-Concept Factoring, Inc. DS-Concept closed a 250 million HUF credit facility for a Hungarian trading company that sells household appliances and kitchenware domestically to big multinational corporations. Under the arrangement, the company plans to use the provided liquidity to accommodate the 60-90-day payment terms of its buyers and reach its ten-figure annual turnover goal. The client sought out DS-Concept when a former business connection pointed them in their direction. As a new trading...

Read more

Member News

2017 Antitrust Year in Review

By Wilson Sonsini Goodrich & Rosati Wilson Sonsini Goodrich & Rosati is pleased to present its 2017 Antitrust Year in Review, which examines the most important antitrust matters and developments from the past year. Among other topics, the report discusses how U.S. agencies have transitioned with the Trump administration, and describes new trends in U.S. and international merger enforcement and civil investigations, global cartel investigations, and complex civil antitrust litigation. The report includes highlights from technology, pharmaceutical, and other industries...

Read more

Member News

Ogletree Deakins Promotes 11 to Shareholder

By Ogletree Deakins Ogletree Deakins, one of the largest labor and employment law firms representing management, announced today that the firm has elevated 11 attorneys to the shareholder position. The newly-elected shareholders represent the full breadth of Ogletree Deakins’ practice and service offerings, including class action, data privacy, employee benefits and executive compensation, employment law, higher education, international employment law, litigation, traditional labor law, and wage and hour. Named by Law360 as one of “The 100 Best Law Firms For Female Attorneys,”...

Read more

Member News

Revinax introduces Mixed Reality in the OR

By Revinax The Revinax team has achieved a worldwide breakthrough by introducing mixed reality during live surgery. The surgical procedure was performed successfully on November 7th, 2017 under the guidance of Dr Lonjon, a neurosurgeon from the Montpellier University Hospital in France. During the procedure, the surgical team was equipped with HoloLens glasses which provided extra information throughout the surgery. The Revinax team has just added a worldwide first to their track record. They’ve combined their real-life virtual reality tools with the...

Read more

Chapter News

Capital Markets Union: more proportionate and risk-sensitive rules for stronger investment firms

Europe's capital markets will be more efficient and better supervised thanks to a revamp of rules for investment firms. The European Commission is today proposing a two-track overhaul to make life simpler for smaller investment firms, while bringing the largest, systemic ones under the same regime as European banks. Investment firms and the services they provide are vital to a well-functioning Capital Markets Union (CMU). Alongside banks, EU capital markets rely on several thousands of small and large investment firms...

Read more

Chapter News

A slew of new financial rules could make the big European firms even bigger

Starting today (Jan. 3), Europe’s traders will have to contend with thousands of pages of new rules that will radically change transactions in everything from bonds to stocks to commodities. The sweeping overhaul won’t be obvious for millions of people who don’t work in the industry, at first. But under the surface it will affect everyone. The regulations are supposed to make European financial markets fairer, more competitive, and less likely to collapse into a crisis. But over time, the rules known...

Read more

Chapter News

Commission proposes to improve transparency and predictability of working conditions

Commission proposes to improve transparency and predictability of working conditions As part of the follow-up to the European Pillar of Social Rights, the European Commission has adopted today a proposal for a new Directive for more transparent and predictable working conditions across the EU. The Commission's proposal complements and modernises existing obligations to inform each worker of his or her working conditions. In addition, the proposal creates new minimum standards to ensure that all workers, including those on atypical contracts, benefit...

Read more

Chapter News

Cybersecurity: EU institutions strengthen cooperation to counter cyber-attacks

On 20 December 2017 EU institutions took an important step in strengthening their cooperation in the fight against cyber-attacks. An inter-institutional arrangement which enters into force today establishes a permanent Computer Emergency Response Team (CERT-EU) covering all the EU's institutions, bodies and agencies. It consolidates the existing task force into a permanent and effective team responsible for ensuring a coordinated EU response to cyber-attacks against its institutions. CERT-EU works very closely with the internal IT security teams of the EU...

Read more

Brexit News, Member News

Vulcan Consulting: Barnier rules out bespoke financial deal for the City of London

The chief Brexit negotiator for the EU, Michel Barnier, struck a blow to the British government when he declared that the City of London will not get a special deal for its lucrative financial services sector. Monsieur Barnier made clear that since the UK government has insisted that it will leave the EU single market, then British banks and financial firms would lose their financial passporting rights.   Speaking to reporters this week, the chief negotiator claimed that as a consequence...

Read more

Member News

2017 Global Anti-Money Laundering and Sanctions Compliance Survey

By Sven Stumbauer | Managing Director |  New York | +1 (212) 845-4044 |  AlixPartners AlixPartners 2017 global anti-money laundering and sanctions compliance survey explores how financial institutions are managing their compliance programs amid growing risk and heightened regulatory expectations. At a glance Although we may assume boards stay engaged, 20% of respondents do not provide training to their board or are unaware whether the board is being briefed. Thirty-two percent consider their AML and sanctions compliance budget inadequate—or severely inadequate. ...

Read more