Key Events This Week Italy determined to avoid EU disciplinary action over budget violations The effects of the eurozone crisis continue to be felt in Italy, as the country remains burdened with high public debt, low growth and a fragile banking sector. On Wednesday of this week, the EU issued the excessive deficit procedure (EDP) which acts as a formal warning and is the first in a number of steps that can lead to fines or suspended transfers from the EU...

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By Jake Lehmann Like any living environment, your cybersecurity ecosystem must evolve and adapt to defy emerging threats. CyZen's cybersecurity experts spotlight four powerful techniques to protect your valuable assets for the long haul. 1.Cause the sky is the limit. The beauty of a mobile workforce is the ability for employees to access the resources they need from anywhere. However, securing cloud-based resources becomes increasingly challenging, and without the proper know-how, your employees become slow-moving game for cyber predators. This is where...

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The proposed EU Regulation on Foreign Direct Investment Screening (the “Regulation”) was approved by the European Parliament last February 14, 2019. This development is intended to strengthen the EU and member states legal framework for foreign direct investment (“FDI”). The Regulation introduces numerous procedures and criteria for cooperation among Member States and with the European Commission which is enabled to intervene with an official opinion on the grounds of “public order and security”. The Regulation targets FDI covering any type...

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When first setting up an international office, most fast-growing US companies start with a serviced office space that provides a flexible base of operations for the initial team to begin building the overseas business. As the market opportunity and the team grows, a more permanent office solution becomes more appealing, but sourcing and negotiating for commercial office space varies significantly from the process you may be familiar with in the US. As the leasing process and legal formalities differ significantly...

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Pepper Hamilton LLP announced today that Brent A. Morowitz has joined the firm as of counsel in the Corporate and Securities Practice Group, resident in the New York office. Mr. Morowitz will also be a member of the firm’s Funds Services Group. Mr. Morowitz counsels investment advisers and private investment funds on regulatory compliance, fund structuring and ongoing operations. He organizes open-end and closed-end private investment funds and has represented sponsors raising private equity and venture capital funds in size ranging from...

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By David Dodge, Richard Dion, Serge Dupont, John Weekes, Michael Horgan, Valerie Hughes | Bennett Jones  The Bennett Jones Governmental Affairs and Public Policy group are pleased to present the Spring 2019 edition of the Bennett Jones Economic Outlook. This report provides unique insights on the current and future state of the Canadian and global economies, with a focus on the following key themes: Global Growth to 2021: Annual growth has slowed to a moderate and sustainable 3.3%. Headwinds are not severe enough...

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By Michael J. Werner & Sara M. Klock | Holland & Knight Agency Holds Public Hearing on Cannabis to Gather Input from Stakeholders, Consumers With the dramatic expansion of CBD products in the market, the U.S. Food and Drug Administration (FDA) is reviewing whether its current regulatory framework is appropriate, and if not, what modifications are needed. The FDA held a public hearing on May 31, 2019, to gather scientific data and information from various industry stakeholders and consumers about...

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The Moleskine Foundation opened in New York City this May, accompanied by the ‘I had a dream’ exhibition at The Africa Center on 5th Avenue’s Museum Mile.   Design Group Italia is proud to have created the exhibit design concept and space, the graphics, and custom 3D-printed notebook holders for the non-profit.   “The Moleskine Foundation works to unlock creative potential and help foster critical thinking, creative doing and above all, life-long learning. We’re happy to contribute to that mission with the tools that...

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Finland Pledges Carbon Neutrality Ahead of EU Presidency As Finland prepares to take over the rotating EU presidency from next month, the country’s new left leaning government said on Monday that it will aim to cut its carbon emissions completely by 2035. After lengthy talks following April’s general election, Finland agreed on a new five-party government which has pledged to increase public spending by €1.23bn a year and spend another €3bn on one-off investments, notably in the rail network, over...

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By Daniel Giuliano, Portolano Cavallo Studio Legale  Law Decree no. 34 published on April 30, 2019 (the “Decree”) establishes a new corporate vehicle named “Simple Investment Company” (“Società di investimento Semplice”) (“SIC”), to facilitate fundraising by early stage small and medium-sized companies. SiCs are defined as Italian alternative investment funds (FIA) that are targeted at professional investors, incorporated in the form of an Investment Company with Fixed Capital (“Società d’Investimento a Capitale Fisso”) that directly manages its assets. SiCs’ main features, as...

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