12 Oct
Chapter News

Commission calls for the completion of all parts of the Banking Union by 2018

European citizens and businesses will benefit from deeper financial integration and a more stable financial system, thanks to Commission plans to accelerate with the completion of the missing parts of the Banking Union. The Banking Union must be completed if it is to deliver its full potential in making the Economic and Monetary Union (EMU) more stable and resilient to shocks, while limiting the need for public risk sharing. This is beneficial for the entire Single Market. Building on the...

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12 Oct
Brexit News, Member News

Brexit Creates New Shifts in European Banking Industry

By Pero Jolevski | Director | Blue Star Strategies, LLC The June 2016 public referendum by the UK electorate to leave the European Union has dramatically affected London’s status as a banking and financial services hub. Previously, international banks operating out of London and doing business in the EU benefitted from the UK’s member status in the union. Now, with the UK’s pending exit, all that has changed, bringing new licensing requirements for banks whose EU operations are based in the...

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11 Oct
Chapter News

FDI Strengthens America’s High-Tech Competitiveness

By Maureen Book, Research Analyst, SelectUSA  High-Tech Industry Employment Concentration, High-Tech Employment/All Employment, by Metro Area, 2015 Source: U.S. Census Bureau, 2015 County Business Patterns, Accessed July 6, 2017, factfinder.census.gov SelectUSA released its second industry-focused report: “High-Tech Industries: The Role of FDI in Driving Innovation and Growth” on Sept. 19. This report provides an in-depth look at high-tech clusters in the United States, and gives the first-ever analysis of the role of foreign direct investment (FDI) in high-tech industries. The report’s biggest takeaway is...

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11 Oct
Member News

Updated USCIS Form Creates Streamlined Path to EAD and Social Security Number

By Philip A.S. Shepherd (Atlanta), Sara E. Herbek (Atlanta)  Ogletree Deakins | Following an announcement issued on October 2, 2017, U.S. Citizenship and Immigration Services (USCIS) will begin offering foreign nationals in certain categories the option to simultaneously file for work authorization and a social security number by filing a single form with USCIS. The new option, coming as a result of an interagency partnership between USCIS and the Social Security Administration (SSA), is effective immediately.  Applicants looking to take...

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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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