By Totis Kotsonis | Partner The UK Government has recently indicated its intention to transpose the EU State aid rules into domestic legislation, even in the event of the UK exiting the EU without a Withdrawal Agreement on 29 March 2019. This was made clear in a “no deal” Brexit technical notice on State aid (the “notice”) published, alongside 24 other “no deal” Brexit technical notices, on 23 August 2018. This policy is the natural consequence of the Government’s strongly held belief that “a...

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By Dr. Torsten Kraul, LL.M. The G20, which comprises the world’s largest advanced and emerging economies, continues to commit to “policies and actions that catalyze digital transformations.” This is the outcome of the G20 Digital Economy Ministerial Meeting in Argentina, held on 23 and 24 August 2018. At the meeting, ministers and senior officials discussed the impact of the digital transformation on global development. With a particular focus on the digital gender divide, the agenda included a range of issues including e-government practices, emerging...

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If you have employees in France, you’re no doubt starting to worry about this key change to the way personal income tax is collected. What does it mean for your staff, finance and HR department? What will be the cost to your business? The good news is that the French Government has been very proactive in flagging the upcoming change, including posting a mandatory educational video on their website that all employees needed to view, before filing their annual personal...

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Tradewind has provided a £450,000 trade finance facility to a UK-based e-commerce retailer that sells flooring products directly to consumers online. Tradewind’s supply chain financing will allow the e-tailer to keep the right amount of inventory in stock so it can make deliveries on time to its customers for a large selection of products. At the same time, with the funding in place, the company can pay its vendors in China on TT terms before items are shipped and...

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By CHERRY HILL, N.J. TD Bank, America's Most Convenient Bank®, has been recognized as a Green Lease Leader by the Institute for Market Transformation (IMT) and the U.S. Department of Energy's (DOE) Better Buildings Alliance. "This award recognizes our ongoing strategy to embed environmental provisions into our leasing process to further TD's operational footprint performance. This includes engaging with our landlord network and brokers, and continuously demonstrating leadership practices within the commercial real estate community since first launching our Environmental Management Plan in...

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By Cedric C. Chao The world of international litigation and arbitration tends to move slowly. However, I expect the pace of change to accelerate in the coming decade as these six trends take hold. 1. Asia rising Asia-based companies and Asia-related transactions will become increasing sources of cross-border disputes. Asia's economies as a share of global GDP have been growing at an accelerating pace over the past decade. Asia's representation in the Fortune Global 30 grew from five companies to nine companies between...

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Signify (Euronext: LIGHT), the world leader in lighting, today announced the introduction of the new Philips GreenPower LED toplighting high output with a light efficacy up to 3.0 µmol/J and an output of 800 µmol/s. The new module will help greenhouse growers improve the growth of vegetables, fruits, flowers and other crops that require a lot of light. The new toplighting is available as of September 2018. In addition to higher light levels and improved efficiency, the high output modules will have...

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By Paul Wilden | Head of Capital Markets Services Change is coming to the European securitization market. Some of the changes and new regulations are clear and relatively easily implemented, while others remain vague and will probably have a high impact on business process. It’s no secret that securitization products played a big role in the US subprime mortgage crisis of 2007 - complex, opaque and lightly differentiated securitization led to a market meltdown. The effects of the crisis are still...

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By Melissa Claessens Belgium has an attractive special tax regime for foreign executives and specialised employees temporarily employed in Belgium. 8 August was its 35th (!) anniversary. Since that day in 1983 the currently applicable regime has been set out in a Tax Letter. Although the tax regime is very attractive, it is not flawless and the reshaping of Belgian income taxes, over the past years, also had its impact. In the coming weeks, we will highlight and summarise the main...

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Although legal collections in France tend to be expensive for a creditor, they can result in a judgment far in advance of the time required in the United States to secure a similar remedy. To begin with, it should be noted that the statute of limitations on B2B claims is five years, whether there is an existing contract or not.  It should also be noted that in the absence of a contractual provision, the statutory interest rate in France is...

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