26 May
Member News

CILcare won FACCNE’s 2023 Women in Business award!

Co-Founders of CILcare: Marie-Pierre Pasdelou Celia Belline Sylvie Pucheu CILcare’s team is honored to have been awarded by the French-American Chamber of New England (FACCNE) in the Women in Business category. The French-American Business Awards took place during FACCNE’s annual gala, which has been celebrating for over 20 years the best French and American companies and entrepreneurs with a connection to New England and France. FACCNE’s mission is to develop business relationships between France and the United States and their respective...

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26 May
Member News

Vulcan Insight | Negotiations on Raising the US Debt Ceiling Ongoing

The Biden administration remains locked in a standoff with congressional Republicans over raising the federal debt ceiling. The US government hit its congressionally imposed $31.4 trillion borrowing limit in January, and Treasury Secretary Janet Yellen has warned that the country could run out of money as early as June 1 if Democratic President Joe Biden and Republican House Speaker Kevin McCarthy are unable to hammer out a deal. The latest round of talks have been described by both sides as...

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24 May
Chapter News

ECB Interview | ECB, at 25, looking into a digital euro

Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Karl de Meyer| 24 May 2023 | To safeguard financial stability, we need to keep central bank money at the heart of the financial system, Executive Board member Fabio Panetta tells Les Échos as the ECB turns 25. And a digital euro would be a risk-free means of payment that Europeans can use anywhere in the euro area. As the ECB celebrates its 25th anniversary today, where...

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24 May
Chapter News

ECB blog post by Christine Lagarde | 25 years of euro unity

The euro is more than a currency, says President Christine Lagarde. It is the strongest form of European integration and stands for a united Europe that works together, protecting and benefiting all its citizens. The ECB, with its commitment to price stability, will always be a cornerstone of that effort. On 1 June 1998, the European Central Bank was established to prepare for the launch of the euro – the world’s largest ever currency changeover. As a lawyer at the...

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24 May
Member News

Osborne Clarke | Employee Incentives Update, May 2023

In this edition, we cover annual reporting for employment-related securities arrangements (including changes to HMRC's templates), recent improvements to tax-advantaged plans and some upcoming consultations. We also report on developments across Europe, including recent changes to the Dutch share option regime and a further update on wage tax deferral for German start-ups in an international setting. Employment-related securities | Updated HMRC templates and 6 July 2023 deadline Companies operating employment-related securities arrangements are reminded that the deadline to file their annual...

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23 May
Member News

ACG Resources | Choose to be Exceptional, 7 Characteristics

Every single person wants to be great at what they do, exceptional even. However, when it comes down to it, few actually want to put forth the effort to see that transformation. Those who are willing to live intentionally and take action in their lives will see the rewards of their efforts. Here are seven characteristics or qualities of those who are truly exceptional. Focus Forward. No good will come from keeping your eyes trained backward. This is true...

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23 May
Chapter News

IMF | How Natural Gas Market Integration Can Help Increase Energy Security

Closer ties allowed Europe to find new natural gas sources after Russia’s supply cutoff, and growing global export capacity can reduce market fragmentation. Natural gas might be the same commodity everywhere in the world, but prices can vary dramatically because of the complex network of infrastructure needed to transport it. The result is a partially fragmented global market, mainly because most natural gas moves by pipeline—unlike the market for crude oil, which is more integrated and tends to trade at...

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23 May
Chapter News

HR/VP Josep Borrell | How to deal with China

How to handle China is a major political issue for the EU, one that is more complex than dealing with Russia. Certainly, the EU’s political and economic systems have profound differences with both Russia and China. Unlike Russia, China is a real systemic actor, approaching 20% of the world economy and growing while Russia represents around two percent and decreasing. The economic, political, and financial influence of China is considerable, and its military power continues to grow. Its ambition is...

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22 May
Chapter News

U.S. and EU Sanctions Teams Enhance Bilateral Partnership

The United States and European Union are committed to working more closely on sanctions as a key tool to address shared foreign policy goals. From April 26–28, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC), the European External Action Service (EEAS), and the European Commission Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) concluded a multi-day technical meeting in Brussels, exchanging best practices and strengthening working relationships. The purpose of the meeting was...

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22 May
Chapter News

EU Customs Reform

On 17 May 2023, the Commission put forward proposals for the most ambitious and comprehensive reform of the EU Customs Union since its establishment in 1968. Key features of the proposals The reform responds to the current pressures under which EU Customs operates, including a huge increase in trade volumes, especially in e-commerce, a fast-growing number of EU standards that must be checked at the border, and shifting geopolitical realities and crises. The measures proposed present a world-leading, data-driven vision for EU...

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