The European Investment Fund (EIF) and MicroBank have signed a social entrepreneurship guarantee agreement in Spain supported by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe. This financing agreement was also made under the EU Programme for Employment and Social Innovation (EaSI). This guarantee agreement allows MicroBank to launch a new product, targeting 500 start-up and developing social enterprises across Spain over the next 2 and a half years. Under this EU backed program, Spanish...

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By Daniel R. Sieck & Gregory C. Dorris | Pepper Hamilton| March, 3rd, 2019 U.S. technology companies raising funds from foreign investors should carefully consider whether the proposed financing transaction can be structured to avoid falling within the purview of the Committee on Foreign Investment in the United States (CFIUS), which now has jurisdiction to review certain financing transactions pursuant to interim rules under the Foreign Investment Risk Review Modernization Act (FIRRMA). In particular, FIRRMA expanded the jurisdiction of CFIUS through...

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By Marc S. Friedman | Director of Professional Relations| Global Commerce Education In the last installment in this series, I explained how many non-US companies, including Baltic businesses, may wrongfully refrain from doing business in the US because of  Myth #9 - There are no effective ways to control the risks to our business if we come to the US.  Today I address the last Legal Myth in this series - Myth #10 It is almost impossible to locate trusted advisers including...

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By  Timothy S Murray |Christopher Colman What Is It? A two-year pilot scheme running in certain divisions of the English High Court, designed to reduce the volume of disclosure documents (discovery) produced in English litigation. What Will It Mean? In some cases - most likely smaller ones – the new scheme will result in the disclosure of more documents at an earlier stage in the proceedings. Previously, it was common practice for a limited amount of documentation (such as the relevant contract in...

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By Lee Grosse | Vice President, Structured Finance| TMF Group There has been an influx of foreign investment in real estate in the United States as a direct corollary of the stable legal framework, strong property rights and as well as a robust commercial real estate environment. But, these foreign investors may not be aware of the mandatory filings required by the United States Bureau of Economic Analysis for US domiciled corporations with 10% or more foreign ownership.  What is the BEA? The...

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As of February 26, 2019, companies and individuals filing for a trademark with the Italian Patent and Trademark Office (“IPTO”), using the dedicated website, will be able to choose a new, optional fast-track procedure. The key advantage of this new procedure, as defined in the Ministry of Economic Development circular no. 604 of February 6, 2019, is that trademark applications will be published in the IPTO bulletin in a considerably shorter amount of time (within 7 days of filing). In fact, the standard procedure...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes 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). The first article below covers both the USA and Europe.   If a Wealth Tax is Such a Good Idea, Why Did Europe Kill Theirs? In late January, Senator...

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At the heart of Europe and an intrinsic part of the European Union, Germany is an economic powerhouse. Famed for its industry, manufacturing and engineering, it is Europe’s greatest exporter. Its people are highly educated, skilled and motivated, making it a core market for growing businesses. Founded in Germany in 1785, HSBC Germany offers in-depth local knowledge and financial expertise from its base in Düsseldorf and 11 other locations across the country. With almost 3,000 employees in Germany, backed by...

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