15 Oct
Chapter News

The EU is working together for the secure roll-out of 5G networks across the union, leading the way for a digital transformation of European societies. A new report provides insight into potential cybersecurity risks.

Today, Member States, with the support of the Commission and the European Agency for Cybersecurity published a report on the EU coordinated risk assessment on cybersecurity in Fifth Generation (5G) networks. This major step is part of the implementation of the European Commission Recommendation adopted in March 2019 to ensure a high level of cybersecurity of 5G networks across the EU. 5G networks is the future backbone of our increasingly digitised economies and societies. Billions of connected objects and systems are concerned, including...

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15 Oct
Chapter News

How can we mobilize private finance for climate-friendly investments?

Watch this Friday’s launch of the International Platform on Sustainable Finance (IPSF) with European Commission Vice President Valdis Dombrovskis and IMF Managing Director Kristalina Georgieva to find out. The International Platform on Sustainable Finance: A Global Approach for Financing the Green Transition Friday, October 18, 2019 2:00 PM EDT / 06:00 PM GMT   Click HERE at the time of the event to view the webcast   SPEAKERS: Introductory remarks by Valdis Dombrovskis, Executive Vice-President of the European Commission Keynote remarks by Kristalina Georgieva,...

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15 Oct
Member News

Legal Updates on Anti-Money Laundering in Italy

On October 3, 2019, the Italian Government enacted a Legislative Decree (“Law”) aimed at implementing the EU Directive 2018/843 regarding anti-money laundering matters in EU state members. While the content of the Law is still unknown, the Law should introduce the following changes to the current Italian anti-money laundering framework. In particular, in accordance to the press release published on the website of the Italian Government, the Law aims at:  defining some categories of entities covered by the Law, including...

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14 Oct
Member News

Navigating the Recent U.S. Sanctions on COSCO (Dalian) and Other Chinese Companies

By Jonathan M. Epstein | Holland & Knight  The U.S. Office of Foreign Assets Control (OFAC) on Sept. 25, 2019, designated COSCO Shipping Tanker (Dalian) Co. Ltd. (COSCO Dalian), Kunlun Shipping Company Ltd., and certain other entities and individuals as Specially Designated Nationals (SDNs) under Executive Order 13846 for transporting Iranian oil and petroleum products contrary to U.S. sanctions. Notwithstanding the long lead-up to this action, the designations took many in the maritime industry by surprise. In late 2018, as part of...

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11 Oct
Chapter News, News

Its Official: European American Chamber of Commerce Expands Network to The Netherlands

New York/Amsterdam — The newest chapter of the European American Chamber of Commerce (EACC) was formally opened with an inaugural board meeting on June 21st in Amsterdam, the Netherlands.  “This is an important milestone for our trading and investment relationships with the United States,” said newly nominated Board President Myrthe Görtzen a Partner at the Dutch law firm AKD.  “Every additional EACC network partner on either side of the Atlantic will strengthen our ability to build new and mutually...

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11 Oct
Brexit News, Member News

Vulcan Insight | Analysis of the latest EU Developments 4 – 11 Oct 2019

Key Events This Week A path to progress? With one week to go before the crucial European Council summit on 17th October, there is still no clear agreement between the UK and EU on a way forward. On Thursday, UK Prime Minister Boris Johnson and Irish Taoiseach Leo Varadkar met in Cheshire for what many saw as a last-ditch attempt to break the impasse in the Brexit talks. While officials on both sides had played down the chances of any breakthrough, the...

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10 Oct
Member News

Andersen Tax Is Now Andersen

Hearkening the legacy and values of the Andersen name, Andersen Tax, one of the nation’s largest independent tax firms, will now operate under the brand “Andersen.” The Andersen name reflects the full scope of services available to clients in the U.S. and internationally.  Andersen Tax was founded in 2002 as a tax-only firm focused on private clients. Today the firm serves some of the largest companies in the world providing not only tax services but also valuation, transfer pricing and,...

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10 Oct
Member News

EY UK Attractiveness Survey 2019: Economic disparity between the UK’s cities and towns deepens

EY's regional UK Attractiveness Survey report, in association with the Centre For Towns, reveals the stark and deepening disparity of foreign direct investment (FDI) flows into the UK, with its largest cities attracting an ever-greater share of inward investment and little signs of spillover benefit for the areas surrounding them. This joint report, which captures detailed analysis on where FDI has located across the UK’s cities, towns, communities and villages over the last twenty-one years, also points to a continued...

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10 Oct
Member News

Proof that I Am Psychic: My 2018 Prediction Coming True (Maybe)

By Joanna Massey, President & CEO, JDMA Inc. In August 2018, I predicted that we would have a recession in the U.S. in 18 to 24 months. I was writing a paper for a capital markets class at Harvard, which was part of a graduate certificate in corporate finance that I have since completed.  I have been accused by of being “bearish” for nearly two years now, as fellow Board Directors, venture capitalists and friends in finance give me the side-eye when...

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10 Oct
Member News

OECD heading beyond the arm’s-length principle without ring-fencing the digital economy

On 9 October 2019, the OECD published a proposed unified approach to reform profit allocation rules (Pillar One of its working plan to address the tax challenges arising from the digitalisation of the digital economy). This proposal builds up on prior publications earlier this year. It suggests to apply new rules for recognising a taxable nexus with market/user jurisdictions and allocating to them part of the profits of customer-facing businesses, based on a three-tier profit allocation mechanism. Unlike previous proposals,...

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