11 Oct
Member News

Modernisation of Luxembourg Company Law

By Greet Wilkenhuysen | Romain Sabatier | Yoanna Stefanova| Nauta Dutilh   Modernisation of Luxembourg Company Law:  General Meetings of Shareholders in an S.A. and an S.à r.l. The Act of 10 August 2016 modernising Luxembourg company law and amending the Act of 10 August 1915 on commercial companies (the "Act") modifies certain rules with respect to the calling and holding of general meetings of shareholders of an S.A. and an S.à r.l.  The new rules are intended to facilitate the calling...

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11 Oct
Chapter News

What’s the future of globalisation? What’s the future of free markets? European optimism in an uncertain world

By Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank Speech given at New York University in New York. 11 October 2017   1   Introduction: Whither globalisation? Whither free mar- kets? Ladies and gentlemen It gives me great pleasure to be back in New York and at NYU. Today I want to talk about two things: chocolate and Nobel prizes. Stay with me for a moment. Some time ago, I stumbled upon a story that connected chocolate and Nobel prizes in a way...

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10 Oct
Member News

Finding Success in Direct Sales

By World Ventures What’s better than being your own boss, setting your own hours, determining your own salary and having an office wherever you happen to be? It’s a Utopian idea that is reality for tens of thousands of people working independently in direct sales worldwide. But getting there isn’t easy. It takes grit to abandon the familiar grind and build a business — especially in direct sales. Just ask Wayne Nugent, founder and chief visionary officer of WorldVentures(TM), the leading...

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10 Oct
Chapter News

European Council: Economic and Financial Affairs Council, 10/10/2017

Main results The Council adopted a directive introducing a new system for resolving double taxation disputes between member states. The directive strengthens the mechanisms used to resolve disputes between member states that arise from the interpretation of agreements on the elimination of double taxation.  "This new system is a big improvement. It will encourage investment by creating a more favourable tax environment and reducing costs for businesses", said Toomas Tõniste, minister for finance of Estonia, which currently holds the Council presidency.  The Council adopted...

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10 Oct
Member News

Czech Republic: New Czech legislation on the protection of personal data has been introduced

By JUDr. Ing. Jaroslav Tajbr | jaroslav.tajbrnoerr.com| +420 233112142 | Noerr LLP The Ministry of the Interior of the Czech Republic published a bill in September to replace the current Act No. 101/2000 Coll., on the Protection of Personal Data. This Act is particularly interesting because it is a “Czech reaction” to GDPR in matters where the regulation allows for national derogations or specifications. However, the bill is not just a response to GDPR. On the contrary, the larger part on its content implements...

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10 Oct
Member News

European Parliament resolution on franchising in the retail sector

By Dr Mansur Pour Rafsendjani | Mansur.PourRafsendjaninoerr.com | +49 89 28628490 | Noerr LLP On 12 September 2017 the European Parliament passed a resolution on the functioning of franchising in retail (2016/2244(INI)). In the resolution, the European Parliament takes the view that franchising regulation should be harmonised across Europe. I. Content of the European Parliament resolution The Parliament states that many Member States have enacted legislation, but that this is inconsistent and its focus has often been only on certain aspects, such as...

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09 Oct
Member News

EU’s Highest Court to Decide Validity of Standard Contractual Clauses

By Francoise Gilbert & Dr. Viola Bensinger |  Greenberg Traurig LLP On Oct. 3, 2017, the Irish High Court ruled that the European Court of Justice (ECJ) should decide whether Standard Contractual Clauses (SCC) used to legitimize the transfer of personal data of residents of the European Union and European Economic Area (EU/EEA) to the United States are valid for that purpose. In its ruling, the Irish High Court stated that the decision regarding the validity of the SCC raises “very...

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09 Oct
New York Related News

Last Cars Crossing Tappan Zee Bridge; Westchester-Bound Traffic Shifted onto Iconic Bridge on Friday Night Bridge Connecting Rockland and Westchester on Track to Open in 2018 and on Budget at $3.98 Billion

Governor Andrew M. Cuomo today announced that all traffic is now traveling on the first span of the Governor Mario M. Cuomo Bridge, weeks earlier than planned. The iconic twin-span cable-stayed crossing opened to Rockland-bound traffic in late August. VIDEO of a time lapse is available here. B-ROLL of the last cars crossing the Tappan Zee Bridge is available on YouTube here and in TV Quality (h264 format) here.  All four lanes of Westchester-bound traffic have officially shifted to the first span this evening, just a few weeks after the Governor announced the opening of the first span for Rockland-bound drivers.  Traffic...

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09 Oct
Chapter News

Commission report highlights the importance of EU Cohesion policy

The European Commission published today the 7th Cohesion report The European Commission published today the 7th Cohesion report, taking the pulse of EU regions, drawing lessons from cohesion spending during the crisis years and setting the scene for Cohesion Policy after 2020. Analysing the current state of the EU's economic, social and territorial cohesion, the Cohesion report shows that Europe's economy is bouncing back but disparities persist between and within our Member States. Without pre-empting the final proposal of the Commission on Cohesion policy...

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09 Oct
Chapter News, Uncategorized

EU – India Summit: strengthening our strategic partnership and moving forward with our common agenda

The 14th Summit between the European Union and India was held today in New Delhi, marking 55 years of diplomatic relations between the world's two largest democracies. The European Union was represented at the Summit by the President of the European Commission, Jean-Claude Juncker and the President of the European Council, Donald Tusk. India was represented by Prime Minister Narendra Modi. The High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Federica Mogherini also attended. The European Union and India have issued...

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