Member News, News

Tradewind Renews Partnership with Leading Denim Organization

Tradewind is pleased to renew its partnership with Denim City, an Amsterdam-based innovation center that advocates for sustainability and unity in the denim industry. The organization, composed of several subdivisions and driven by a mission to raise awareness of cleaner, smarter denim practices, boasts a workshop for sample making, an R&D lab for testing, an academy offering training courses, and an archive showcase of over 500 iconic jean garments. Denim City is founded on a groundwork of collaborators from the...

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Member News, News

Shareholders rights: new developments

Increased shareholder rights equals additional obligations for asset managers and intermediaries. On 10 July 2019, the Luxembourg parliament adopted the final text of the bill of law (the “New Law”) implementing into Luxembourg domestic law the provisions of Directive (EU) 2017/828 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement (the “SRD II”) and amending the Luxembourg law of 24 May 2011 on the exercise of certain rights of shareholders in listed companies (the “Shareholders Rights Law”). Whereas...

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Chapter News, News

Summer 2019 Economic Forecast for Europe: Growth clouded by external factors

The European economy is set for its seventh consecutive year of growth in 2019, with all Member States' economies due to expand. Growth in the euro area was stronger than expected in the first quarter of the year due to a number of temporary factors such as mild winter conditions and a rebound in car sales. It also benefited from fiscal policy measures, which boosted household disposable income in several Member States. The near-term outlook for the European economy,...

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Chapter News, News

European Council appoints new EU leaders

The European Council elected today Charles Michel as President of the European Council. The President of the European Council is elected for the period from 1 December 2019 until 31 May 2022. The mandate of two and a half years of the President of the European Council is renewable once. The European Council also welcomed the decision of the Heads of State or Government of the Member States whose currency is the euro to appoint Charles Michel as President...

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Member News, News

Taking security over assets in Europe: Some practical considerations

With corporations having increasingly extensive global footprints, a US-based investor, bank or alternative lender looking to reduce or manage risk by taking security over a company’s assets located outside of the US may find themselves unexpectedly navigating different legal systems and processes. In this article we look at some of the practical considerations and formalities for US lenders to be aware, with a focus on some of the cost implications and formalities that apply in relation to England and...

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Member News, News

After Three-Year Wait, Court Allows First Amendment Challenge to Copyright Law to Proceed

On July 21, 2016, WSGR partnered with the Electronic Frontier Foundation (EFF), a leading digital rights nonprofit, to file a lawsuit pro bono challenging the constitutionality of the anti-circumvention provisions of the Digital Millennium Copyright Act (DMCA): Green v. DOJ.1 Nearly three years later, on June 27, 2019, the District Court for the District of Columbia issued a decision allowing portions of the lawsuit to proceed, an important first step in a case that seeks to help security researchers,...

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Member News, News

Tax Alert Legislative proposal on Dutch implementation of ATAD 2 (anti-hybrid rules)

On 2 July 2019, the Dutch State Secretary of Finance has published a legislative proposal to implement the EU Anti-Tax Avoidance Directive 2 ("ATAD 2") into Dutch domestic legislation (the "Bill"). ATAD 2 provides for minimum standards to neutralize hybrid mismatches and was adopted on 29 May 2017 (see also our Tax Alert of 1 March 2017). ATAD 2 should be implemented by all EU member states into domestic law no later than 31 December 2019 (thus becoming effective as...

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Member News, News

The technology imperative: Shifting to disruption speed

Is the Corporate Services industry ready for digital disruption? Our latest Vistra 2020 study suggests not. In Vistra's research, almost eight in 10 (78%) respondents indicated that disruption would be a largely positive development for their business, while one in three thought it would only have a minimal impact on the industry. When we asked which technologies they were experimenting with, one of the top responses was “none of the above”. Some might argue that Polaroid, Blockbuster and Kodak were also...

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Member News, News

The Luxembourg UBO Register: the end of the transition period is fast approaching

The Luxembourg UBO Register: the end of the transition period is fast approaching (31 August 2019) Compliments of NautaDutilh - a Member of the EACCNY Monday 8 July 2019 In the firms newsletter from 24 January 2019, we informed you of the Act of 13 January 2019 establishing a Luxembourg register of ultimate beneficial owners ("UBO Register Act").  The UBO Register Act, which entered into force on 1st March 2019, provides for a six-month transition period to submit information to the UBO Register....

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Member News

USTR Adds To List Of EU Products Being Considered For Sec. 301 Tariffs

On July 2, 2019, the U.S. Trade Representative (“USTR”) announced that additional products of the European Union (“EU”) are being considered for inclusion in the list of products that may be subject to additional, Sec. 301, tariffs of up to 100%. The list of 89 additional tariff subheadings are valued at approximately $4 billion in import trade value, and includes products such as cheeses, pasta, meats, olives, fruit, waffles, certain condiments and seasonings, whiskies and certain metals. If the USTR...

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