By Loyens and Loeff The bill of law to implement the provisions of the EU Directive 2016/1164 on anti-tax avoidance (ATAD) in Luxembourg law was made available on 20 June 2018. Subject to parliamentary approval, Luxembourg will introduce controlled foreign corporation (CFC), interest deduction limitation and anti-hybrid rules. It will also modify its existing general anti-abuse rule and, exit tax provisions. Additionally, Luxembourg will change its interpretation of the permanent establishment concept to avoid mismatches and will abrogate the existing roll-over...

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Royal DSM, a global science-based company, today presents its strategy update entitled “Growth & Value - Purpose led, Performance driven.” at its Capital Markets Day in London (UK). Strategy 2015-18 delivering well ahead of all targets 2018 outlook, as issued on 8 May, reconfirmed DSM will position itself towards a Nutrition, Health and Sustainable Living company, pursuing enhanced organic growth, with a purpose-led coherent set of business activities DSM commits to new ambitious growth and financial targets:  organic top-line growth above market ...

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Toy Association staff and members gathered in Washington, DC June 14 to discuss industry concerns about IP infringement and toy safety on online platforms.  Meetings were held with executives from U.S. Customs and Border Protection (CBP), the Consumer Product Safety Commission (CPSC), Senate Finance Committee staff, and representatives from e-commerce platforms Alibaba and Amazon. Participating toy companies spoke about their experiences tackling infringing toys sold online and discussed possible solutions to improve toy safety and IP protection on e-commerce platforms. The...

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By Alicia Towler White | Wilson Sonsini Goodrich & Rosati Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, announced today that the firm will open an office in London to provide US access and support to UK-based technology and life sciences companies, extending the firm’s practice into one of the world’s top technology markets. The firm’s London office is scheduled to open on August 1, and it will be located at...

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By TMF Group  Importing and exporting in Poland can be simple or full of regulation, and it all depends on where you are in the world. One of the fastest-developing countries in the European Union (EU), and ranked as the 27th easiest country for business by the World Bank, Poland is a sought-after export destination for many foreign investors. Likewise, its highly-educated and worldly population of more than 38 million consumers drives high demand for imports, both from within and outside...

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Our Global Capital Confidence Barometer shows 52% of technology executives expect to pursue M&A in the next 12 months. Maintaining the optimism from late 2017, this edition of the Capital Confidence Barometer (CCB) shows that tech sector executives are still projecting a strong M&A outlook for 2018. Overall, 52% of tech executives said they expect to pursue acquisitions within the next 12 months, compared with 57% a year ago. While slightly moderated, dealmaking intentions remained well above the 44% average since 2010,...

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By Osborne Clarke For US businesses looking to expand into Europe, understanding local employment laws is a key priority, but getting to grips with the paperwork can be complex. Failure to take account of the differences in local laws and HR practices can lead to costly mistakes and adversely impact on your business and your staff. With a focus on the UK and Spain, here are our top tips on how to get the key documents right. Where to start The first point to...

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  ING and AXA announced today an exclusive, long term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. Under the partnership, ING will bring to bear its leading digital banking experience and AXA its expertise in innovative modular insurance products and services, offering property & casualty (P&C), health and protection insurance solutions to ING customers in six of its Challenger markets: Germany, Australia1,   Italy, France, Czech Republic and Austria1.  ING and AXA teams will together develop...

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Tradewind has provided a €2 million post shipment finance facility to a leading Turkish seafood company that exports to countries around the world. With Tradewind’s assistance, the client was able to purchase new production plants abroad to better reach its customers in North and South America. The client decided on Tradewind’s financing solutions because they covered the crucial cost of feed and accommodated the critical period of 13-14 months it took for the fish to reach their portion size. Tradewind...

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