Many businesses and contractors who’ve worked for large companies may find themselves waiting and waiting to receive payment by the year’s end. Despite having delivered their products and services on time — and filed their invoices accordingly — employers can be left scrambling to meet payroll deadlines and pay suppliers when December 31st rolls around and they haven’t seen a dime from the larger companies with whom they’ve collaborated. How come some companies hold out so long to make good on their contracts?...

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2016 was a turbulent and busy year, not least in respect of legal and regulatory changes that may impact your business. Arendt & Medernach is pleased to provide you with an overview of the major legal and regulatory developments under Luxembourg and EU law.The company hope that this short flashback will enable you to keep track of the main legal trends which marked 2016 and those which we reasonably anticipate will arise in the near future. Read the report here Compliments of...

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On November 29, 2016, France’s National Assembly adopted the text of a bill (the “Bill”) that, if enacted, would create new due diligence obligations for large French companies regarding their subsidiaries’ and supply chain members’ labor practices.1  Under this Bill, covered companies must create and implement a “vigilance plan” to identify and prevent “serious violations of human rights and fundamental freedoms and the health and safety of people and the environment”2  Championed by President François Hollande and his Socialist...

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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. This report includes Greece, the United Kingdom, and the United States with a focus on New York. In addition, there are some brief notes about wealth tax in France and Spain along with property...

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Virtual Reality (“VR”) and Augmented Reality (“AR”) are relatively new forms of experiential content, and have the potential to appeal to a mass market. There is a tremendous opportunity for those who have the ability to create VR and AR content and entertainment to drive value through storytelling and creating immersive experiences. VR storytelling and experiences can create a tangible and visceral account of events, giving the viewer the experience of actually being in the shoes of others and seeing the...

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Industrial REITs on the Nice List; Continue Strong Performance Industrial REITs continue to please investors as they hit their second-highest YTD return for 2016 at 24.98%. While industry professionals have raised concerns that supply and demand issues may plague the next 12-24 months, the industrial sector has been noticeably active as it has posted high aggregate occupancy and low delinquency rates. Karina Estrella, an analyst at Trepp, reports that.. Compliments of Trepp - a member of the EACCNY

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Tax Reform On 14 December 2016, Luxembourg parliament adopted the bill of law on tax reform including the gradual corporate income tax reduction of 3 percentage points. Our tax newsletter of 29 July 2016 reports on the most relevant measures. All of these measures were adopted without modification vis-à-vis the original bill of law. The tax reform measures are generally applicable as of the tax year 2017, with some exceptions.  Country-by-Country reporting Further, on 13 December 2016, Luxembourg parliament has adopted the bill...

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GRANITO is pleased to announce the fall inauguration in Milan of a new cycle of seminars dedicated to providing specialized education to lawyers, accountants and other professionals. The workshops have dealt with diverse subject matters including banking abuses, family law, corporate crisis management, lease agreements and trusts. New seminars will be available beginning in January. GRANITO welcomes professionals looking for new areas of education to grow globally with them in 2016. Compliments of Granito - a member of the EACCNY

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Today, the Luxembourg Parliament enacted the law (the “New Market Abuse Law”) implementing Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), also known as the “Market Abuse Criminal Sanctions Directive” (“Directive 2014/57/EU”) and Commission Implementing Directive (EU) 2015/2392 of 17 December 2015 on Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards reporting to competent authorities of actual or...

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A new report, Going the Distance: The Expanding Lifecycles of Private Equity Funds by Pepper Hamilton and Mergermarket, shows that while it is taking longer for managers to deploy capital, the entire lifecycle of PE funds also appears to be lengthening. Managers are seeing longer fundraising periods, sourcing periods for creating and generating viable deals, and holding periods for investments. This longer lifecycle can also be attributed, in part, to the very competitive market for investors’ dollars. For general partners,...

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