10 Apr
Brexit News, Chapter News, News

‘No-deal’ Brexit preparedness: European Commission takes stock of preparations and provides practical guidance to ensure coordinated EU approach

Brussels, 10 April 2019 Ahead of the European Council (Article 50) today, the European Commission has taken stock of the European Union's intense ‘no-deal' preparations and has issued practical guidance to Member States in 5 areas. These areas include citizens' residence and social security entitlements, data protection, medicine and medical devices, police and judicial cooperation in criminal matters, and fisheries. The aim of today's guidance is to ensure the smooth practical implementation of EU and national contingency measures, if the United...

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10 Apr
Chapter News, News, Trade & TTIP Related

U.S. Readies $11 Billion in Tariffs on E.U.

By Ana Swanson | April 9, 2019 The United States and the European Union are preparing to impose tit-for-tat tariffs on each other’s products, the latest escalation in a 14-year fight over government aid given to Boeing and European rival Airbus. “The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of E.U. products!” President Trump said in a tweet on Tuesday morning. “The E.U....

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09 Apr
Chapter News, News

Joint statement on ensuring Europe´s digital future

European Commission, Brussels, 9 April 2019 At Digital Day 2019, participating Ministers and representatives of the EU confirmed their full commitment to work more closely in key areas where digital technologies will make a significant impact in the coming years. European Commission Vice-President Andrus Ansip, Commissioners Tibor Navracsics, Phil Hogan and Mariya Gabriel welcomed the commitments from European countries to step up cooperation on the digitalisation of cultural heritage, digitalisation of agriculture and rural areas, and promoting greater participation of women...

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09 Apr
Chapter News, News, Uncategorized

Vice-President Valdis Dombrovskis: Concluding remarks at the Conference on the Future of Work

Brussels, 9 April 2019 Ladies and gentlemen, I'd like to warmly thank today's participants for the insightful discussion about the future of work. One clear message from the Conference is that ‘the future of work is already today'. This means that when we talk of the ‘future of work', if we want to be correct in our English grammar, we should really be speaking about the ‘present continuous of work'. It's not a question of saying ‘labour markets will change'. Rather, it's already clear...

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09 Apr
Brexit News, Chapter News, News, Uncategorized

Invitation letter by President Donald Tusk to the members of the European Council (Art. 50) ahead of their special meeting on 10 April 2019

Last week I received a letter from Prime Minister May requesting a further extension of the Article 50 period, until 30 June 2019. In her letter the Prime Minister states that the UK government's policy remains to leave the EU in an orderly way, and that it is therefore now seeking a consensus across the House of Commons on the right way forward. She also adds that, if the UK were an EU member on 23 May 2019, it...

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09 Apr
Member News

Overview of German Banking Regulation

By Jens H. Kunz & Klaudyna Lichnowska |Noerr The EU and German financial sector has undergone significant changes in recent years and the regulatory environment continues to evolve. Dr. Jens H. Kunz and Klaudyna Lichnowska from our practice group Financial Services Regulation have taken the opportunity to contribute an article to GLI’s “Banking Regulation 2019” including an overview of the regulatory architecture in Germany and addressing the key regulatory topics as well as the most recent developments in the field of...

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09 Apr
Member News

Why Is Leading Abroad So Hard?

After reading all the most recent and trendy books on organizational leadership in the global marketplace, you assume it is time to put this new knowledge to work. However, after attempting to master these new skills with colleagues and employees across cultural contexts, you find yourself frustrated. How can someone who is a recognized leader in your field struggle so much with leading across cultures? Then it happens. Your boss’ boss steps into your office unannounced to praise your achievements...

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08 Apr
Member News

Iran Sanctions Update

By Stephen Kaplitt, Esq. | AEM Carnelutti Executive Summary: The Trump administration’s withdrawal from the Iran nuclear deal means that U.S. sanctions on Iran are more sweeping and comprehensive than ever before. The administration has continued to escalate its efforts to maximize economic pressure on the Iranian government. Today, the U.S. designated the Islamic Revolutionary Guard Corps (IRGC) as a “Foreign Terrorist Organization”, which significantly increases the number of Iranian-linked businesses and institutions that may potentially be “tainted” entities. Traps...

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08 Apr
Brexit News, Chapter News, News

Remarks of Commissioner Phil Hogan at Press Conference on Brexit Preparedness in the EU Agri-Food Sector

Brussels, 8 April 2019 Good morning. This morning, I want to give you some details of the contingency planning that we have been doing in relation to the potential impact of Brexit on the EU agri-food sector. You have been extensively briefed on the preparedness work undertaken by the Commission over the last eighteen months or so and I don't intend to repeat that ground. In addition to this press conference, you will also have an opportunity for a follow-up technical briefing. So...

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08 Apr
Member News

New Ratifications of the OECD’s Multilateral Instrument Put Canadian Resource Holding Structures at Risk

By Jared Mackey | Greg Johnson | Darcy Moch Tax-efficient holding structures commonly used by multinational enterprises and private equity firms investing in the Canadian resource sector could soon become subject to anti-treaty shopping measures contained in the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting" (the "MLI"). The MLI was negotiated in November 2016 by over 100 member countries in the Organisation for Economic Co-operation and Development (OECD), with the intention of swiftly...

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