Brian McElligott | +353 1 614 2199 | bmcelligottMHC.ie | Mason Hayes & Curran Background In April 2018, 24 Member States and Norway signed a declaration of cooperation on artificial intelligence. The EU Commission later proposed in its Communication on Artificial Intelligence a three-pronged approach to: Increase public and private investment in AI Prepare for socio-economic changes, and Ensure an appropriate ethical and legal framework Commissioner Ansip noted: "Just as the steam engine and electricity did in the past, AI is transforming our world. It...

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New York City was the host city for the latest event of the Pérez-Llorca/IE Chair on Commercial Law, which reflected on takeover bids, the best strategies for success and complications that arise with this type of transaction, all of which in the context of a comparison of the European and US legal frameworks.  Todd Crider, Partner at Simpson Thacher & Bartlett LLP, introduced the event and acted as moderator. The panel was also made up of four other speakers: Javier...

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KEY EVENTS THIS WEEK: EUROPEAN UNION SUMMITMigration deal reached after marathon all-night talksThere was little time for rest on the first day of the highly-anticipated European Council summit which formally kicked off last night as EU leaders managed to strike a deal early this morning of the increasingly divisive issue of migration. Although leaders are scheduled to discuss a range of topics such as Brexit and EU reform, it was migration that overshadowed everything at the summit. The meeting of EU...

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EY today announced that it has hired seven elite female athletes into a unique internship program, building on EY’s global program to support elite athletes as they move from careers in sport to careers in business. The new class of female athletes, all of whom compete in winter sports, include five Olympians and one Paralympian. The athletes hail from four different countries: France, Switzerland, The Netherlands and the United States. Nancy Altobello, EY Global Vice Chair – Talent, says: “We’ve seen firsthand...

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Tradewind has provided a $1 million post shipment finance facility to a manufacturer of sensory technology headquartered in Germany. Tradewind funded the US subsidiary who is using the facility to alleviate financial pressure on the parent company so it can invest in R&D and boost production. The company sells to Europe, the US, and across East Asia. The manufacturer decided to pursue financing as it began to grow and cash flow became tight. Products are made in Europe, shipped abroad...

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By TH International Trade In March 2018, President Trump announced that under Section 232 of the Trade Expansion Act of 1962, the United States would increase tariffs on imports of certain steel products by 25 percent and imports on certain aluminum products by 10 percent on countries worldwide, including imports from the members of the European Union (EU) and Turkey. Although the EU was initially exempted from the imposition of tariffs, these tariffs came into place pursuant to two Presidential Proclamationsissued on May 31, 2018....

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By CHERRY HILL Thacker was selected from a pool of more than 800 nominees by an independent advisory board comprised of more than 20 business leaders across Canada, based on four criteria: Vision & Innovation; Leadership; Impact & Influence; and Social Responsibility. "It is an honor to represent TD as a recipient of Canada's Top 40 Under 40 for 2018," said Thacker. "I am proud to stand alongside such accomplished Canadian business leaders. I share this recognition with my fellow TD colleagues and am grateful to the...

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By Louise Huson, Dr Sharon Fitzgerald | DLA Piper In the aftermath of the potential De la Rue challenge to the Home Office’s award of passport delivery services to Gemalto, we look at the EU Commission’s challenge to the Austrian State’s decision to award similar services directly to an Austrian national. As contracting authorities build capacity for “front-ending” projects, the potential for conflict of interest between consultants advising on early scoping issues and subsequently bidding in the project’s procurement has to be managed...

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By Sandor Karai | Head of Accounting | TMF Hungary Time is running out for VAT-registered companies in Hungary to set up and test their systems ahead of the July deadline. From 1 July 2018, all VAT-registered companies in Hungary are required to report their sales invoice data to the local tax authority in real-time. The reporting will be carried out automatically, via the Hungarian tax authority’s online invoicing portal. Are your reporting systems compatible? What do you need to do to prepare...

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By John Forrest, Jeroen Jansen, Valerijus Ostrovskis , Daniel Jones, Matthias Vangenechten | DLA PIPER On 18 June 2018, the Council of the European Union (EU) adopted Council Decision (CFSP) 2018/880, extending the restrictive measures introduced by the EU in response to the annexation of Crimea and Sevastopol by the Russian Federation in 2014. The restrictive measures targeting Crimea and Sevastopol will remain in place until at least 23 June 2019. Council Decision (CFSP) 2018/880 extends the measures as established by Council Decision 2014/386/CFSP and in...

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