29 Sep
Member News

Key Events This Week (Sept. 25-29) in the EU

By Vulcan Consulting GERMANY   Merkel secures fourth term but difficult coalition awaits Last Sunday’s federal elections in Germany provided expected results as Chancellor Angela Merkel retained her position as leader of the largest party for a fourth straight term. However, the outcome left Ms. Merkel with an challenging parliamentary scenario as she negotiates to secure a working government majority.   The country’s two major parties, the conservative Christian Democratic Union-Christian Social Union (CDU-CSU) bloc to which the chancellor...

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27 Sep
Member News

European Parliament resolution on franchising in the retail sector

By Dr Mansur Pour Rafsendjani, Partner, Noerr Munich | 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. 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 imposing disclosure obligations...

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27 Sep
Member News

Let’s talk Politics (but don’t worry, not the U.S.’s)

By Andrew C. Collins | Managing Partner | Drew.Collinsbbgfx.com |513.386.8541 | Bannockburn Global Forex It was an eventful weekend in the world of politics with both Germany and New Zealand holding elections, British Prime Minister Theresa May outlining her latest Brexit implementation plan, and Japanese PM Abe hinting at holding snap elections later this year.  Let's briefly cover each. Angela Merkel won a fourth term in the German election but her party performed more poorly than expected, winning a declining share of seats.  Both the...

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27 Sep
Chapter News

State of the Union 2017 – Preserving and strengthening Schengen to improve security and safeguard Europe’s freedoms

As announced by President Juncker in his letter of intent on 13 September, the European Commission is today proposing measures to preserve and strengthen the Schengen area. The Commission is proposing to update the Schengen Borders Code to adapt the rules for the reintroduction of temporary internal border controls to the current needs to respond to evolving and persistent serious threats to public policy or internal security. Stronger procedural safeguards are also being introduced to ensure that border controls at internal borders remain an exception...

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26 Sep
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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26 Sep
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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26 Sep
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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25 Sep
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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25 Sep
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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25 Sep
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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