Brexit News, Chapter News, News

Brexit is Stress Testing the UK’s Unwritten Constitution

by John Bruton The underlying organising principle of the UK constitutional system has been that Parliament, not the monarch, and not people by referendum, is sovereign. This principle may not be contained in a written constitution, but it is longstanding. It was established in the seventeenth century by the outcome of the Civil War 1646/9, where Parliament defeated the monarch (Charles I) and his ministers, and by the Revolution of 1688 whereby Parliament deposed the legitimate monarch (James II). In contrast, in Ireland,...

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Brexit News, Member News

Vulcan View – Analysis of the latest EU Developments 18 – 22 March 2019

Key Events This Week: Brexit woes continue but progress made As another extraordinary week in the Brexit saga comes to a close, we can finally say that some progress has been made, but whether for better or for worse is anyone’s guess. The EU 27 agreed on a response to Prime Minister May’s request to delay Brexit and avoid a chaotic split on March 29. They gave her two options. First, a short delay until May 22 for the UK to get...

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Brexit News, Chapter News, News

Remarks by President Donald Tusk after the European Council meeting (Art. 50)

As you know, we devoted today's European Council meeting to Brexit. Prime Minister May repeated her requests, to extend the Article 50 period until the 30th of June, and to approve the so-called Strasbourg agreement. During the discussion among the EU27, the leaders approached these requests in a positive spirit. The European Council decided to approve the Strasbourg agreement. As regards the extension, our decisions envisage two scenarios: In the first scenario, that is, if the Withdrawal Agreement is passed by...

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Brexit News, Chapter News, News

Brexit: The plans in place to mitigate impact of no deal

If the UK leaves the EU without a deal, the effects will be felt by people and companies across Europe. The EU has adopted measures to mitigate the impact of a disorderly withdrawal. The EU has repeatedly stressed that it favours an orderly withdrawal of the UK from the Union. It concluded a withdrawal agreement with the UK to ensure the two parties can continue to collaborate on various issues to their mutual benefit, nevertheless the EU has adopted measures...

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Member News

Don’t Let These 10 Legal Myths Stop Your Doing Business In The U.S.: Myth #10. It is almost impossible to locate trusted advisers including reliable and cost-effective lawyers and accountants.

By Marc S. Friedman | Director of Professional Relations| Global Commerce Education In the last installment in this series, I explained how many non-US companies, including Baltic businesses, may wrongfully refrain from doing business in the US because of  Myth #9 - There are no effective ways to control the risks to our business if we come to the US.  Today I address the last Legal Myth in this series - Myth #10 It is almost impossible to locate trusted advisers including...

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Brexit News, Chapter News, News

Brexit: Quick Update

It was another dramatic day for British politics, and the big EU decision on whether to delay Brexit hasn't even happened. UK Prime Minister Theresa May gave a televised address pinning the Brexit-delay blame on members of Parliament and doubling down on her controversial, oft-maligned exit deal. She also ruled out a second referendum and said she wouldn't delay Brexit beyond June 30, the deadline she's pitching today in Brussels. Needless to say, British lawmakers were outraged and took to social media to...

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Member News

Disclosure Scheme Implemented in Certain Divisions of the High Court of England & Wales

By  Timothy S Murray |Christopher Colman What Is It? A two-year pilot scheme running in certain divisions of the English High Court, designed to reduce the volume of disclosure documents (discovery) produced in English litigation. What Will It Mean? In some cases - most likely smaller ones – the new scheme will result in the disclosure of more documents at an earlier stage in the proceedings. Previously, it was common practice for a limited amount of documentation (such as the relevant contract in...

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Brexit News, Member News

15 aspects of Brexit you did not know

The United Kingdom’s departure from the EU was scheduled to occur on 29 March 2019. Yesterday, the UK Prime Minister requested the EU an extension of Brexit until 30 June 2019. Donald Tusk, President of the European Council, responded that the EU would be prepared to allow this, provided that the UK approves the withdrawal agreement between the EU and the UK first. This effectively means that the UK will have to approve the original deal before 29 March 2019...

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Member News

BEA requirements for US companies with foreign investors

By Lee Grosse | Vice President, Structured Finance| TMF Group There has been an influx of foreign investment in real estate in the United States as a direct corollary of the stable legal framework, strong property rights and as well as a robust commercial real estate environment. But, these foreign investors may not be aware of the mandatory filings required by the United States Bureau of Economic Analysis for US domiciled corporations with 10% or more foreign ownership.  What is the BEA? The...

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Member News

Trademark filing in Italy: new fast-track procedure launched

As of February 26, 2019, companies and individuals filing for a trademark with the Italian Patent and Trademark Office (“IPTO”), using the dedicated website, will be able to choose a new, optional fast-track procedure. The key advantage of this new procedure, as defined in the Ministry of Economic Development circular no. 604 of February 6, 2019, is that trademark applications will be published in the IPTO bulletin in a considerably shorter amount of time (within 7 days of filing). In fact, the standard procedure...

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