Brexit News, Chapter News, News

Visa free travel after Brexit: Council and European Parliament reach agreement

The Council and the European Parliament have agreed that, following Brexit, UK citizens coming to the Schengen area for a short stay (90 days in any 180 days) should be granted visa free travel.This agreement was confirmed yesterday by EU ambassadors on behalf of the Council and by the European Parliament Civil Liberties, Justice and Home Affairs committee today. The text now needs to be formally adopted by the European Parliament and the Council. According to EU rules, visa exemption...

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Member News

The role of an agent in complex cross-border deals

Not all financial or capital markets deals are straightforward. As markets mature and investors demand more from their deals, and as deals start to involve cross-border securities, all parties are finding their roles somewhat in flux. Traditionally when looking at deals such as syndicated loans, restructuring corporate debt, securitisation, or even a bond issuance placed in a mature market, it is not unusual for both lenders and their borrowers, guarantors and issuers to bring a fiduciary party such as a...

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Cookies: European Court Clarifies Key Issues on Consent

By Huw Beverley-Smith & Jonathon A. Gunn | Faegre Baker Daniels LLP On 21 March 2019, an advocate general (AG) of the Court of Justice of the European Union (CJEU) delivered an opinion that sheds light on key issues related to websites’ use of cookies — data packets that can be used by websites to track individuals’ browsing histories and other data. Thiss followed a request for a preliminary ruling from the Federal Court of Justice in Germany (FCJ) regarding the...

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Bannockburn Global Forex Update: April 2019 FX Outlook

April 2019 FX OutlookPoor economic data and soft inflation saw several central banks, including the Federal Reserve and European Central Bank, take a dovish turn in March. Contrary to expectations that interest rates would rise as the G3 central banks were no longer adding to their balance sheets on a combined basis. The sharp drop in interest rates and the flattening of curves in March is one of the key factors shaping the investment climate. The fall in yields has...

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Member News

Toy Association Wins ASI’s “Great Things Award” for 2019

The Toy Association is among a prestigious group of global associations that received this year’s “Great Things Award” by Advanced Solutions International, provider of The Toy Association’s membership database platform and website software, iMIS. The awards were presented during ASI’s iMIS iNNOVATIONS partner and client conference held March 20 to 21 in Orlando, FL. The “Great Things Award” recognizes organizations that expertly utilize iMIS to improve operational efficiency, advance their mission, and achieve “great things.” The Toy Association has been an iMIS...

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Chapter News, News

The Euro Area : Staying the Course through Uncertainties

Banque de France Symposium & 34th SUERF Colloquium | On the occasion of the 20th anniversary of the euro | The Euro Area: Staying the Course through Uncertainties | 28 March 2019 Introductory remarks by François Villeroy de Galhau, Governor of the Banque de France Good afternoon everyone and welcome to Paris. This is not only the 34th SUERF Colloquium but also the 10th Banque de France International Symposium. It is also Marc-Olivier’s last symposium and I would like to warmly...

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Brexit News, Chapter News, News

Speech by Michel Barnier European Chief Negotiator for Brexit at the EPC Breakfast

Brussels, 1 April 2019 Good morning ladies and gentlemen, You have entitled this breakfast discussion “deal or no deal? The state of play of Brexit”. Let’s not forget that we already have an agreement! It was concluded by Theresa May and the European Council on 25 November last year, both on the terms of the withdrawal and on the framework for the future relationship. The EU put a lot of effort into concluding that agreement. We have been respectful of the UK’s choices. We tried to...

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Brexit News, Chapter News, News

EU financial regulators highlight risks of a no-deal Brexit and asset price volatility

The European Union's (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on "Risks and Vulnerabilities in the EU Financial System" published today by the Joint Committee of the European Supervisory Authorities (ESAs) shows. The 2019 Spring ESAs' report highlights the following risks as potential sources of instability: Uncertainties around the terms of the United Kingdom's withdrawal from the European Union. Further repricing of risk premia and asset price volatility, which could be...

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Member News

Legance, Law Firm of the Year in Italy

Legance, a member of the EACCNY, has been named Law Firm of the Year in Italy. The award has been assigned by The Lawyer since the judges noted the firm’s “strong financials” and “collaborative ethos”. The motivation is: ‘In a decade this firm has risen to be a member of the elite inner circle at the top of the Italian legal profession. It has been a year of continued impressive progress.’ Moreover, during the awards, Legance has been ranked at...

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Brexit News, Chapter News, News

Statement by the European Commission on the vote on the Withdrawal Agreement in the House of Commons

Statement by the European Commission. March 29, 2019 The Commission regrets the negative vote in the House of Commons today. As per the European Council (Article 50) decision on 22 March, the period provided for in Article 50(3) is extended to 12 April. It will be for the UK to indicate the way forward before that date, for consideration by the European Council. A “no-deal” scenario on 12 April is now a likely scenario. The EU has been preparing for this...

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