By Amy Ray | Orrick  Earlier this year, we covered the widespread interest in tech giants among international competition authorities, as well as the potential for divergence in intensity and type of enforcement across jurisdictions. We observed that while the U.S. enforcement agencies did not appear to support a regulatory approach to platforms and the digital economy, others like the Australian Competition and Consumer Commission (ACCC) and the UK Parliament’s Digital Culture, Media and Sport Committee may have a stronger appetite for...

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Meet GL EVENTS at IMEX America, Stand B3827 - September 10-12, 2019 Dear #EVENTPROFS, We hope you will join us in less than 2 weeks at  #IMEXAMERICA to meet our #GLEVENTS venues team and discover over 10 New Venues & Destinations within our network, such as Johannesburg Expo Centre, Johannesburg, South Africa Salvador brand-new Convention Center, Salvador de Bahia, Brazil New congress center in Budapest, Hungary MEETT- New Exhibition & Convention Centre, Toulouse, France... Let’s Celebrate 50 Venues in 41 years!!! Share with...

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By Simon Burgess, Head of Alternative Investments | OCORIAN Infrastructure investing is rapidly maturing. As institutional investors seek risk adjusted returns from their physical and real assets, Head of Alternative Investments, Simon Burgess highlights how infrastructure gives access to longer term income with enhanced capital security, with similarities to that experienced in real estate investing. Effective infrastructure is a vital foundation to economic development that supports sustainable, long-term growth. As time and technology have progressed, the umbrella of infrastructure has broadened to encompass...

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By Joanna Massey, President & CEO, JDMA Inc. Millennials hate their label. Welcome to the club, because so did Gen X! Millennials were first called Gen Y back when they were just kids born in the early 1980s. Then 2000 happened—we partied like it was 1999, the 20th Century became the 21st Century, and overnight the young adults entering the workforce stopped being Gen Y and became known as millennials. As marketers tried to identify this generation, so they could better...

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By Scott Ferguson, CEO | World Trade Centers Association  The way organizations approach global commerce is undergoing a radical change. Geopolitical instability is slowing growth in a volatile global economy as organizations are forced to adapt their tactics, making complex decisions that increase operational costs and, if mishandled, make them less competitive in an unforgiving business landscape. So, what can organizations do to navigate this ‘new normal’? As an association whose members deal with small- to medium-sized enterprises (SMEs) at the...

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Tradewind has provided a $15 million credit facility to a 75-year-old manufacturer headquartered in Europe with a subsidiary in the USA. The company sells globally and is using the facility to support 120-day open account payment terms. The deal took shape after the client was pressed to extend longer payment terms to a major buyer of theirs. The buyer previously had a vendor finance program in place that arranged for early funding to the client and other suppliers. When the...

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The Polish tax authorities have announced that, with effect from 1 November 2019, Poland is introducing what is known as a Split Payments Mechanism (SPM). Non-resident businesses that are registered for Value Added Tax (VAT) will need to have a bank account in Poland, and will require an additional VAT bank account that is dedicated to receiving and making VAT payments. Under an SPM arrangement, the seller of certain goods must include some additional wording in its sales invoices, indicating...

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The global economy is evolving quickly, and tech and other startups are looking beyond traditional expansion targets like the UK and China. Popular targets now include relatively low cost, talent-rich countries like Israel, Ireland, the Czech Republic and Poland, which recently joined the ranks of FTSE Russell advanced economies, the first country to do so in nearly ten years. Throughout this evolution, many of the basic concepts of international expansion continue to hold true. As enforcement by tax and immigration...

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By Yumiko Olsen, Dennis Schmidt, Christian Schröder and David Curtis | Orrick  On June 28, 2019, the German parliament (Bundestag) passed new legislation imposing several changes to the current German Federal Data Protection Act (“BDSG”).  Although many of the changes addressed privacy aspects of criminal proceedings, the new legislation makes an important change for small companies by increasing the threshold to designate a Data Protection Officer (“DPO”). Whereas currently companies have to designate a DPO if they constantly employ at least...

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