06 Dec
Chapter News

Commission sets out Roadmap for deepening Europe’s Economic and Monetary Union

Building on the vision set out in the Five Presidents' Report of June 2015 and the Reflection Papers on the Deepening of the Economic and Monetary Union and the Future of EU Finances of spring 2017, the European Commission is setting out a roadmap for deepening the Economic and Monetary Union (EMU), including concrete steps to be taken over the next 18 months. A number of initiatives are also presented as part of this package. The overall aim is to enhance the unity, efficiency and...

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06 Dec
Brexit News, Member News

Brexit preparation for EMA and pharmaceutical companies

On 20 November 2017, the EU Council announced that Amsterdam will be the new location for the European Medicines Agency (EMA) after the UK will withdraw from the European Union. Preparing for the consequences of the Brexit, such as the relocation, is not only a significant matter for the EMA itself, but equally important for companies and other private parties. Therefore, on 28 November 2017, the EMA published a guidance paper to help pharmaceutical companies prepare for the UK´s...

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06 Dec
Member News

EU Court of Justice: Suppliers of luxury goods may prohibit their authorised distributors from selling on third party internet platforms

By Rein Wesseling | Christof Swaak | Floris ten Have | Stibbe Today the ECJ rendered its much anticipated judgment in a dispute between a supplier of luxury cosmetics (Coty) and one of its authorised resellers. The central question was whether Coty is allowed under the competition rules to forbid its resellers to sell Coty products over third party internet platforms with visible logo’s (like eBay or Amazon). The ECJ ruled that such an “online platform ban” is not incompatible with EU...

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05 Dec
Member News

Mandatory Reporting for U.S. Entities in 2018 Regarding Foreign Direct Investment

By Wilson Sonsini Goodrich & Rosati In early 2018, the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) will issue its mandatory five-year benchmark survey to obtain data on foreign direct investment (FDI) in the United States. The survey, known as the BE-12 survey, is required for U.S. entities in which a foreign entity or person holds, directly or indirectly, 10 percent of more of the U.S. entity's voting interests at any time during 2017. The completed surveys are due...

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04 Dec
Member News

Leasing Opportunity at United Nations Federal Credit Union’s Global Headquarters

By For the first time in 10 years, JRT Realty Group is delighted to present a leasing opportunity at United Nations Federal Credit Union’s Global Headquarters in Long Island City (Court Square Place / 24-01 44th Road). As leasing agents, we are offering a block of four floors (80,000 SF) at Court Square Place. These floors are available for possession in May 2018; and they can be leased as a block or individually. Court Square Place is a trophy office tower; and...

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04 Dec
Chapter News

Investment Plan for Europe: EIB supports Ramirent’s European growth strategy

The European Investment Bank (EIB) and Ramirent, a leading Finnish rental group for construction machinery and equipment, have signed a EUR 50mn loan agreement to further modernise and expand Ramirent’s fleet. The agreement was made possible by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe, which was launched by the EIB Group and the European Commission to boost the competitiveness of the European economy. The EIB loan underpins Ramirent’s European growth strategy and commitment...

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04 Dec
Brexit News, Member News

December FX Outlook – The Fed, Brexit, and US Fiscal Policy

By Bannockburn Global Forex Having strengthened in October, the USD fell back towards the bottom of recent ranges against most major currencies in November. Renewed USD weakness was not severe, and had several different drivers. Initial losses were correlated with some weakening in equity markets, but losses later in the month occurred despite stronger equity performance, and was related more to uncertainty about future Fed tightening following the release of the FOMC minutes for September on the 22nd, which revealed...

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04 Dec
Member News

New Italian Flexible Work Law Enacted

By AEM Carnelutti «Balancing, innovating and competing. These are the three seemingly conflicting objectives of flexible working, a new approach to corporate organization where individual employees’ needs fit in with the needs of the company in a complementary manner». The above quotation was taken from the first paragraph of the Italian Labor Ministry’s website (www.cliclavoro.gov.it) on the Flexible Work Law governed by Law no. 81 dated 22 May 2017 (“FL”), “measures aimed to support flexible organization of work time and...

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01 Dec
Chapter News

President Juncker at the African Union – European Union Summit

EU and African leaders committed to investing in youth for a sustainable future; Joint EU-AU-UN Task Force to improve the situation on the ground in Libya The 5th African Union - European Union Summit took place on 29-30 November in Abidjan, under the overarching theme of Youth. The Summit brought together leaders from 55 African Union and 28 European Union Member States.  The EU was represented by the President of the European Commission Jean-Claude Juncker and the President of the Council...

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