Member News

20 Mar
Brexit News, Member News

Why Brexit’s impact won’t be confined by Britain’s borders

Brexit will have an impact far beyond Britain. What preparations should you be considering to limit its effect on your business? The countdown is on.  In March 2019, the UK formally exits the European Union (EU). A “hard” border may be established that would separate the UK from the European single market. UK companies and foreign subsidiaries located there are readying themselves for a major change. But this isn’t just an issue for Britain — global businesses trading with UK-EU partners...

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20 Mar
Member News

Homeland Security Inspector General Issues Report on USCIS Processing Times for Green Cards

By Greenberg Traurig On March 14, USCIS released an Inspector General’s report on Green Card Processing Times.  The report found that green card processing times exceeded the existing 120-day goal by taking an average of 282 days to complete. The report identified processing times are greatly affected by interviews and vetting occurring at USCIS. The report made two specific recommendations which USCIS concurred: Recommendation 1: Implement plans to present information on the USCIS website that more accurately reflects the length of the...

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19 Mar
Member News

Philips Lighting underlines leadership in lighting for the Internet of Things with new IoT platform

By Philips Lighting Philips Lighting (Euronext: LIGHT), the world leader in lighting, today announced a new Internet of Things (IoT) platform, called Interact, that will enable its professional customers to unlock the full potential of connected lighting for the IoT. The platform supports the company's strategy to deliver new data-enabled services as value expands from lighting products and systems to services. Today, the company also announced connected lighting systems that can generate and upload data to its Interact IoT platform...

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19 Mar
Member News

DOJ Officials Signal Expansion of Voluntary Self-Disclosure Incentives Beyond the FCPA

By Thompson Hine LLP On March 1, 2018, DOJ attorneys, speaking at the ABA’s annual White Collar Crime Conference, indicated that DOJ may consult the FCPA Corporate Enforcement Policy for guidance in other areas of corporate criminal prosecution when assessing whether voluntary self-disclosure may justify declination. John Cronan, acting head of the Criminal Division, and Benjamin Singer, chief of the Securities and Financial Fraud Unit, highlighted DOJ’s decision to forgo prosecution of Barclays PLC as an example of the application...

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19 Mar
Member News

DSM announces repurchase of shares to cover share based compensation plans and stock dividend

By Royal DSM Royal DSM, a global science-based company active in health, nutrition and materials, today announces that it intends to repurchase 500,000 ordinary shares, starting on 19 March 2018, in order to cover commitments under share based compensation plans and 1,100,000 ordinary shares, starting on 14 May 2018, in order to cover commitments for stock dividend as part of the final dividend 2017. Based on the closing price of the DSM share on Euronext Amsterdam on 16 March 2018...

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19 Mar
Member News

Erik Smithweiss, Partner at GDLSK, will be speaking at a Webinar on Exclusion Requests for Steel and Aluminum Tariffs

By GDLSK Erik Smithweiss will be speaking on Wednesday March 21, 2018 on the new procedures for requesting exclusions from the Section 232 tariffs on steel and aluminum in a webinar for the Foreign Trade Association.  The 25% tariff on steel imports and 10% on aluminum go into effect on March 23, 2018.  For more information on the webinar and to register, please click HERE. For a related article on the proposed tariffs, please click HERE. Compliments of Grunfeld, Desiderio, Lebowitz, Silverman &...

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16 Mar
Member News, News

Philips Lighting announces intention to change company name to Signify while keeping the Philips brand for its products

Philips Lighting - Philips Lighting (Euronext: LIGHT), the world leader in lighting, today announced its intention to change its name from Philips Lighting to Signify. The choice of the new company name originates from the fact that light becomes an intelligent language, which connects and conveys meaning. The company will continue to use the Philips brand, the most trusted lighting brand in the world, under the existing licensing agreement with Royal Philips. "We're excited to announce our new company name as another...

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16 Mar
Member News, News

EY survey finds savings from US tax reform spurs reinvestment through research & development and mergers & acquisitions

Ernst & Young - 73% of companies surveyed are likely to accelerate M&A strategies, driven by mid-cap companies 48% of companies surveyed are willing to pay more to acquire companies now compared to before tax reform 89% of companies surveyed plan to enhance compensation US companies are eying growth initiatives as they seek to deploy anticipated tax savings from the Tax Cut and Jobs Act (TCJA), according to the EY Tax Reform Dollar Deployment Survey, conducted jointly by Ernst &...

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16 Mar
Member News, News

Lisbon, Porto and Cascais take top spots in City Brand Ranking

aciep - Portugal Global Trade and Investment Agency -   Lisbon once again topped the City Brand Ranking that analyses business, tourism and living conditions of the 308 Portuguese municipalities, with Porto and Cascais taking the second and third spots, Bloom Consulting said on Tuesday. In this fifth edition of the annual study, which measures how the municipalities are seen and classifies the performance of each one's brand, Lisbon was ranked first in all three categories: "Business," "Visiting" and "Living". The top 10...

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16 Mar
Member News, News

Avalanche Predicted for Healthcare Private Equity

BDO USA - Flushed with cash, investors continue to pour capital into their coffers, signaling an optimistic outlook for profitable opportunities. KKR’s $1.45 billion Health Care Strategic Growth Fund and Athyrium Capital Management LP and Neuberger Berman’s $2.025 billion healthcare fund are just two of the largest healthcare focused private equity funds to close recently. On the strategic side, recently announced megamergers, such as CVS’s agreement to acquire Aetna for a whopping $69 billion, will leave competitors with no choice but...

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