Member News | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

10 Jan

A Canadian Perspective on the CUSMA

Posted by EACCNY
January 10, 2019

By John M. Weekes, former Canadian Chief Negotiator on NAFTA | Senior Business Adviser at Bennett Jones From a Canadian business perspective, restoring a more certain trade environment in North America is at the top of any wish list for 2019. The American Section 232 tariffs on steel and aluminum last year sent a shock wave through the Canadian business community—one that is accentuated by the threat of further action resulting from ongoing investigations on automobiles and uranium. And it is not just the...

09 Jan

Member News, New York Related News

AOC and all the other Amazon haters are dead wrong; this deal is good for New York

Posted by EACCNY
January 9, 2019

By Sam Natapoff| President | Empire Global Ventures LLC State & local governments have pressing social, economic fiscal challenges so why pay rich corporations? Here's why After a 14-month competition among 238 North American cities for the richest economic development prize in a generation, on November 13, 2018 Amazon announced it would locate two new “headquarters” in Long Island City (LIC), New York City, and in Arlington, Virginia. In return for creating 25,000 jobs paying an average of $150,000 and investing $2.5 billion in each...

09 Jan

Brexit News, Member News

The impact of Brexit on medicinal product marketing authorisations

Posted by EACCNY
January 9, 2019

By Evelyn Schulz & Susann Jahn | Noerr Following our article “Brexit with or without a deal: Consequences for pharmaceutical companies”, which provided a general overview of the challenges facing pharmaceutical companies, this article deals specifically with the impact of Brexit on medicinal product marketing authorisations. Whether there will be a Brexit with or without a deal is of secondary importance with regard to medicinal product marketing authorisations – this question primarily determines the period within which pharmaceutical companies will be confronted with the...

08 Jan

Member News

The Qualified Opportunity Zone: A Limited Opportunity for Investors to Defer Capital Gains

Posted by EACCNY
January 8, 2019

By: Giev Justin Askari, Senior Wealth Planner, HSBC Private Banking What are Qualified Opportunity Zones? The 2017 Tax Cuts and Jobs Act (TCJA) created a new tax incentive surrounding investments in Qualified Opportunity Zones (QOZs). By investing in a business or fund that is eligible to take advantage of this limited opportunity, taxpayers can defer certain capital gains until 2026, and may qualify for up to 15% of the deferred tax liability to be excluded from recognition altogether (depending on when...

08 Jan

Member News

Trepp’s 10 Most-Read Research Reports of 2018

Posted by EACCNY
January 8, 2019

By Sean Barrie | Trepp Much like last year, the retail sector generated a large number of headlines in 2018. However, the multifamily space was the subject of Trepp's most-read research piece from this year. This isn't much of a surprise for us as more issuance is being devoted to apartments (whether it be from private-label and agency lenders) and the sector's delinquency rate maintained its healthy figure. Click below to download the year's most popular pieces, including reports on new issuance,...

08 Jan

Member News

Guess what, online branding restrictions are on the EU Commission’s radar

Posted by EACCNY
January 8, 2019

By Floris ten Have | Partner Amsterdam | Stibbe Companies are probably aware of the Commission's eagerness to clamp down on online resale price maintenance and geo-blocking restrictions. The recent fine for vertical restraints by clothing company Guess marks a new dot on the Commission's radar. Restrictions on retailers using a supplier's brand names for online search advertising purposes are just as much a no-go. The ACM seems to be catching up with the vertical restraints crusade too. It is therefore essential for companies...

07 Jan

Brexit News, Member News

The most common questions businesses are asking about Brexit

Posted by EACCNY
January 7, 2019

By Kevin Butler| Managing Director Ireland and the United Kingdom | TMF Group We’re fielding three common questions about Brexit from concerned businesses in the UK and Europe. But it’s the questions they’re not asking that are most pressing. A no-deal Brexit is firming up as a real possibility as political wrangling over the UK’s exit from the EU continues. While a comprehensive withdrawal agreement – or even a called-off Brexit – remain the ideal outcomes for business, making the necessary preparations...

07 Jan

Member News

2018 Highlights of New York State Personal Income Tax Changes

Posted by EACCNY
January 7, 2019

New York State has decided to decouple from the Federal Tax Cuts and Jobs Act (TCJA) certain personal income tax changes for tax years 2018 and after. This will allow you to still treat these items the same as prior to the TCJA. They consist of the following:New York State Itemized Deductions:You will be allowed to itemize your deductions for New York State income tax purposes even if you choose not to itemize on your federal income tax return. ...

27 Dec

Member News

Former Corporate Counsel Strengthens FaegreBD’s D.C. Labor and Employment Group

Posted by EACCNY
December 27, 2018

Faegre Baker Daniels is pleased to announce that Jim Philbin has joined the law firm as counsel in the labor and employment group in Washington, D.C. Jim is a labor lawyer, litigator and corporate counsel who leverages 25 years of experience as a partner in a global law firm and over a decade of experience as a corporate executive, director and the general counsel of Maersk Inc., the North American subsidiary of A. P. Moller-Maersk A/S. Jim helps clients solve...

21 Dec

Member News

TD Bank Group Advances the Transition to Low-Carbon Economy, Reaching CAD $22 Billion in First Year

Posted by EACCNY
December 21, 2018

TD Bank Group (TD) today issued a progress report on advancing towards a transition to a low-carbon economy in North America, a component of its corporate citizenship platform, The Ready Commitment. In December 2017, TD set a target of a total of CAD $100 billion in low-carbon lending, financing, asset management and internal corporate programs by 2030. TD recognizes that a transition towards a low-carbon economy will likely require a few decades to achieve. Therefore, TD is taking a balanced approach by supporting conventional energy sources...

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