Member News

Member News

France Under Macron: What Does It Mean And What To Expect

France has just been through a major election period occurring every five years, which also marks a profound reshaping of its political landscape. The memo below outlines the main takeaways of these past few months and what it means for France as well as for the EU. Executive Summary • The election of President Macron marks a new stage in the reshaping of the French political framework, with the victory of an independent candidate transcending the classic Left/Right divide. • The Government...

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Member News, New York Related News

Member Commentary: FinTech Fatigue? How Best Can Small Firms Really Change Financial Services

Blog by Feargal O'Sullivan, Chief Executive Officer, USAM Group (An EACC NY Member company) Banks and Brokerages talk a lot about all the new technology they’re working on, but in many ways, they seem to be actually holding change back, not ushering it in. FinTech is supposed to be changing the world of finance, so why do we still get checks, and why do they still take three days to clear? Financial Services was one of the first industries to embrace, and benefit...

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Member News, New York Related News

Update on Property Tax Issues: IPTI June 2017

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). European View As far as Europe is concerned, this month’s report includes articles on Greece, Ireland, Israel and the United Kingdom. There is a separate IPTI report on...

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Member News

DS-Concept: Announces Trade Finance Facility For High-Growth Toy Manufacturer In Texas

DS-Concept has provided a $3 million non-recourse factoring facility to a high-growth licensed toy manufacturer. The company is using DS-Concept’s factoring facility to expedite cash flow and facilitate its penetration into new overseas markets. As a seasonal business experiencing increasing demand from retail stores, the company saw DS-Concept as a better option than a traditional bank because of their ability to accommodate for growth and seasonality. The company, based in Texas, is a licensed manufacturer and distributor of several well-known...

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Member News

Bodhala News: Need Biglaw To Get To alt.legal? (Raj Goyle Didn’t)

Meet Harvard Law grad Raj Goyle, a high-end lawyer turned legal entrepreneur who never bothered with Biglaw Happy summer to all you lawyers out there — billing Biglaw hours, while searching for a better way. Today, I offer a glimmer of hope to associates wearing the golden handcuffs, and the law students who haven’t tried them on yet! While I have fond memories of my old firm, there is no question that life as a Biglaw associate is really really...

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Brexit News, Member News

“Happy” 1st Birthday Brexit: What have we learned?

A year ago today, on 23 June 2016, 33 million people went to the polls in the UK and Gibraltar to decide whether to remain in or leave the European Union. Some 52% voted in favour of leaving and so began an extraordinary and uncertain process. A year on, it is fair to ask three simple questions: What have we learned? How has EU law been affected? What are the implications for business? The short answers are: we have learned very little;...

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Brexit News, Member News

May offers EU citizens to remain in Britain post-Brexit

British Prime Minister Theresa May met EU leaders yesterday at the first of a two-day summit where she presented a ‘’fair and serious’’ offer that would grant the 3 million EU citizens living in Britain guaranteed rights. With negotiators on both sides addressing the most pressing issues of citizens’ rights, Britain’s debt obligation and the Irish border before discussing any future trade arrangements, Ms. May was eager to make a speedy resolution on the rights of EU & UK...

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Member News

Mathilde Defarges of Arcturus Group Named Strategic Advisor to Blue Star Strategies, LLC

Firms to collaborate on driving Transatlantic policy and investment Blue Star Strategies, LLC announced that Mathilde Defarges, Partner at Arcturus Group, will serve as strategic advisor for France and Brussels to the firm. Ms. Defarges will work with Blue Star Strategies to drive Transatlantic policy and investment by supporting European clients with interests in the United States and North American clients with interests in France and Brussels. She will continue to serve as partner at Arcturus Group from her Paris and Brussels...

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Member News

USCIS Adopts Matter of I-Corp and What it Means for L-1B Visas

BY MICHELLE WHITE AND JOE CURTIS ON JUNE 13, 2017 The U.S. Citizenship and Immigration Services (USCIS) recently issued a policy memorandum directing USCIS personnel to adopt the Administrative Appeals Office’s (AAO) reasoning in Matter of I-Corp. Specifically, pursuant to Matter of I-Corp., USCIS is directed to deny visa petitions that are based on an illegal or otherwise invalid or unenforceable employment agreement.  Matter of I-Corp. pertained to the denial of a petition for an L-1B visa on the grounds that the evidence...

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Member News

Nauta Dutilh: Modernisation of Luxembourg Company Law: Convertible Debt Instruments

The Act of 10 August 2016 modernising Luxembourg company law and amending the Act of 10 August 1915 on commercial companies (the "Act") has clarified the rules applicable to the issuance of convertible debt instruments. 1. General rules The issuance of convertible bonds by a Luxembourg-based company is subject to the rules laid down in Articles 84 to 94-8 of the Act. The issue documentation can, however, derogate from these rules, at the company's choosing. These rules can be applied in whole...

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