Chapter News

The German Federal Election of September 24, 2017

By Karsten Grabow Preliminary result Despite severe losses the two Christian democratic parties attained important strategic goals. They remained as the strongest political forces in Germany. There is no winning coalition without them possible and Angela Merkel will be Germany’s next chancellor. The Social democrats lost more than five percentage points and gained 20.5 per cent of the votes. This is the worst result the Social democrats got in an election since the foundation of the Federal Republic. Immediately after election, SPD...

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Member News

Key European Union Events of The Week

By Vulcan Consulting EUROPEAN UNION Collection of EU states back new plan to tax digital giants Finance ministers from ten EU countries have signed a letter, pledging to throw their weight behind a new initiative to begin taxing the digital revenues of the major internet players such as Google, Amazon and Facebook. Triggered initially by France, the tax plan has gathered support from a significant cohort of additional EU states such as Germany, Spain, Italy, Portugal and several others. Such internet giants have...

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Brexit News, Chapter News

Introductory remarks by Michel Barnier at the press conference following the General Affairs Council (Article 50)

Ladies and gentlemen, First of all, a word of thanks to the Estonian Presidency and to Matti Maasikas, and to the whole team in the Embassy, and to all the Ministers doing a tremendous job – in particular in my area – in a spirit of trust and reciprocity that I would like to commend. In her speech in Florence, Theresa May expressed a constructive spirit, which is also ours, as the Ministers unanimously confirmed today in the Council. What matters now...

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Member News

Property Tax Update from IPTI: September 2017

American Views New York State– FIBER OPTIC CABLE---IS IT REAL PROPERTY? The majority of jurisdictions the United States have some form of tax on what is known as tangible personal property. The definition of personal property for tax purposes in the US covers a broad range, including anything from motor vehicles and boats to items such as office computer and telephone systems, and even office carpeting and furniture. It is in those jurisdictions that do not levy a personal property tax that the greatest...

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Chapter News

Post UNGA, prepping for the European Council: What to expect from October’s Meeting

For now, we have some key details on the agenda of October's upcoming Council meeting in Brussels. The agenda is full - and the Council has released a few details, shown below: Place:           Europa building, Brussels Chair:           Matti Maasikas, Deputy Minister for European Affairs of Estonia  All times are approximate and subject to change from 08.30    Arrivals (live streaming)  +/- 08.55       Doorstep by Deputy Minister Matti Maasikas  +/- 10.00       Beginning of Council meeting (Roundtable) Adoption of legislative A items (public session) Presentation of the priorities...

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Member News

DS-Concept Announces Trade Finance Facility for Icelandic Processor and Exporter in the Seafood Industry

By DS-Concept News DS-Concept, a global commercial finance company that specializes in international non-recourse factoring, has provided a $1.5 million export factoring facility to a seafood exporter and processor. The facility is structured in two currencies in order to service their markets in the UK and France. With this new facility in place, the client will benefit from accelerated cash flow and will be able to increase the amount of product processed at their factory for large scale orders and therefore...

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Member News

The Right to Privacy in the Workplace

By Philip Nolan |Partner | +353 1 614 5078 | Mason Hayes & Curran In September 2017, the European Court of Human Rights (the ECtHR) overturned a January 2016 decision of its lower court regarding employee privacy in the workplace. The case, Barbulescu, concerned the monitoring of employee communications in the workplace and whether the monitoring was excessive in light of the employee’s expectation of privacy. The impact of this reversal could prove significant in the context of employers’ obligations to safeguard their employees’...

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Chapter News

The Elusive European Consumer: An Open Letter to an American Cousin

By Maurice Marchand-Tonel | Chairman | EACC Paris If you already do business in Europe and successfully so, do skip this vignette. If you are in a B to B space, just skim through this. If, however, you are in a B to C business with a goal of conquering Europe with your unique products that your US consumers love so much, let’s just throw in a couple basic remarks. IF you are in a B to C business with a...

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Member News

Luxembourg legislative proposal implementing and complementing the GDPR

By Vincent Wellens | Barbara Giroud | Anne-Sophie Morvan |Carmen Schellekens | NautaDutilh On 12 September 2017, a highly awaited bill implementing and complementing the EU General Data Protection Regulation or GDPR (Regulation No 2016/679) was submitted to the Luxembourg Parliament. Since the GDPR is a European regulation, its provisions will be directly applicable in Luxembourg as from 25 May 2018. However, the Member States have a number of options when it comes to implementing the GDPR. Luxembourg has made use...

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Chapter News

Understanding and Overcoming Low Inflation

Remarks by Vítor Constâncio, Vice-President of the ECB: Ladies and gentleman, As this successful conference draws to an end, I wish to extend a warm thank you to all participants, for collaborating with this ECB research initiative, which has been very fruitful. In my concluding remarks, I will discuss a few issues raised during the conference. Understanding inflation dynamics is especially important today due to the surprisingly low inflation levels prevailing in many countries. Moreover, there is evidence suggesting that in some...

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