Member News

Member News

Let’s Try to Make Sense of the Euro

  By Andrew C. Collins, Managing Partner |Bannockburn Global Forex, LLC   The Euro:   While most of us were grilling hot dogs and burgers or setting off fireworks or boating or sunning at the pool, global markets were open and active, and it was a pretty ugly (oxymoron intended) few days for the euro.  Political concerns in Italy (I’ll come back to this later) sent the euro sharply lower, extending and accelerating its recent losses.  EURUSD touched 1.1506 overnight, down from its Friday open...

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Member News

Update on Property Tax Issues: May 2018

The EACCNY, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). As far as Europe is concerned, this month’s report includes articles on Greece, Ireland, Italy, Turkey and the United Kingdom. There is a separate IPTI report on...

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Member News

Tradewind Provides Vendor Finance Program to UK-Based Fashion Brand and Retailer

Tradewind closed a 2 million GBP reverse factoring facility for a reputable UK-based fashion brand and retailer that sells menswear, womenswear, and accessories. Having office locations that intersect with the client’s suppliers in China, Turkey and Europe, Tradewind provides faster funding to the suppliers and the UK retailer also benefits from lower borrowing costs. As a result, Tradewind is instrumental in lowering the retailer’s operating costs and in better managing its sourcing needs. It provides financing for sales made...

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Member News

Unintentional Discrimination? What Every Employer Needs to Know About Disparate Impact Claims

By Sarah Smith Kuehnel (St Louis), Harrison C. Kuntz (St Louis), R. Lance Witcher (St Louis) | Ogletree Deakins We all know (or should know) that Title VII of the Civil Rights Act and other discrimination laws prohibit intentional discrimination “because of” protected characteristics like race, age, gender, or disability. We can easily imagine instances of intentional discrimination—a sexist manager refusing to hire female applicants, a racist boss refusing to promote qualified African Americans, and the list goes on.  Many employers do...

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Member News

Investment Plan for Europe: EIB Group and CaixaBank provide EUR 250m under the InnovFin programme to finance projects led by female entrepreneurs

The European Investment Bank (EIB) Group and CaixaBank have signed a new agreement to support the projects of innovative small and medium-sized enterprises (SMEs) in the process of going global. The new EUR 250m credit line will focus on providing financing for projects led by female entrepreneurs wishing to develop innovation-based investments. This agreement has enabled the European Investment Fund (EIF) – the EIB Group subsidiary specialising in support for micro-enterprises and SMEs – to grant a EUR 125 million guarantee to CaixaBank, which...

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Member News

Mandatory U.S. Department Of Commerce BEA 12 Benchmark Survey

By AEM Carnelutti  Pursuant to 15 CFR 801.3, 801.10, the U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”) has issued a mandatory five-year benchmark survey to obtain data on foreign direct investment (“FDI”) in the United States. The information collected on the survey is confidential and will be used for statistical purposes only. The survey, known as the BE-12 survey, is required for U.S. entities in which a foreign individual or entity holds, directly or indirectly, 10 percent or more...

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The weekly Vulcan View for the 14th to the 18th of May featuring analysis of the latest EU developments

KEY EVENTS THIS WEEK: BREXIT UK considers EU customs rules extension as ‘’bridge’’ to future eventual arrangement The British government is developing plans to stay within the EU customs union beyond 2021 in order to act as a ‘’bridge’’ to an eventual future customs system and prevent a hard border emerging on the island of Ireland.  This temporary scheme would mean that rather than the UK moving immediately to a post-Brexit customs scheme at the end of the transition period on the...

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Member News

“Month of Portugal” in the US

In June 2018, the Embassy of Portugal and the Consulates in the US, together with many local partners, will organize a series of cultural, artistic, economic and scientific events to commemorate a “Month of Portugal” in the US. The program will span almost 60 cities and one dozen states and will celebrate celebrate Portugal, a 900 years young country, the Portuguese-American Community and the friendship between Portugal and the United States, our neighbors across the ocean. Download the entire program HERE Compliments of AICEP...

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Global Capital Confidence Barometer, 18th edition – Eurozone highlights

By Andrea Guerzoni | EY Transaction Advisory Services Leader for Europe, the Middle East, India and Africa Eurozone companies build confidence by making their portfolios fit for an optimistic future, according to EY’s 18th Global Capital Confidence Barometer. Our M&A survey finds Eurozone companies optimistic about economic and capital market conditions over the next 12 months. The turnaround in market conditions signaled in the previous two Barometers looks set to continue, with 70% of respondents expecting the Eurozone economy to perform better than in...

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Philips Lighting is now Signify

Signify (Euronext: LIGHT), the world leader in lighting, has today launched its new company name, following the amendment of the company's articles of association changing its name from Philips Lighting N.V. to Signify N.V. "The choice of our new company name originates from the way light becomes an intelligent language, which connects and conveys meaning," said Eric Rondolat, CEO of Signify.  "It is a clear expression of our strategic vision and purpose to unlock the extraordinary potential of light for...

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