10 May
Member News

Trade Sanctions Against Iran to Be Re-Imposed

By Joseph Spraragen | jspraragengdlsk.com | Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP On May 8, 2018, the President announced that the United States is withdrawing from the Joint Comprehensive Plan of Action (JCPOA), and he signed a Presidential Memorandum directing that all trade sanctions against Iran that were lifted or waived under the JCPOA shall be re-imposed as soon as possible. In conjuncture with the President’s announcement, OFAC has posted initial guidance that includes a timetable for enforcing the restored trade sanctions. While certain...

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09 May
Member News

Reminder: Mandatory Foreign Direct Investment Reports for U.S. Entities Due May 31, 2018

By Wilson Sonsini Goodrich & Rosati   The deadline for submission of the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) five-year benchmark survey regarding foreign direct investment in the United States is rapidly approaching.1   The survey, known as the BE-12 survey, is required for U.S. businesses in which a foreign entity or person holds, directly or indirectly, 10 percent or more of the U.S. business' voting interests at any time during 2017 or an equivalent share in an unincorporated enterprise. The...

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09 May
Chapter News

Future of Europe: Commission Launches Online Citizens’ Consultation

European citizens asked what direction they want the EU to take, in an online consultation. On Europe Day, the European Commission is launching an online public consultation, asking all Europeans what direction they want the Union to take in the future. This unique consultation is part of the broader Future of Europe debate launched with the Commission's White Paper on 1 March 2017 For the first time, the Commission convened a Citizens' Panel on 5-6 May to draft this consultation, with...

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09 May
Chapter News

ESMA Provides One-Stop Company Portal

Investors seeking information on whether a financial service provider is authorised within in the European Union (EU) will now be able to do so on the European Securities and Markets Authorities (ESMA)'s new companies' portal. The portal provides investors with a one-stop-shop register, including for: MiFID Investment firms including Systematic Internalisers MiFID Trading venues MiFID data reporting service providers UCITS management companies AIFMD fund managers including funds managed/marketed in the Union The portal provides reference to sanctions applied by the competent authorities in the Member...

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09 May
Chapter News

ECB: Economic developments in the euro area

Speech by Peter Praet, Member of the Executive Board of the ECB, at the Swiss Financial Analysts Association (SFAA), Geneva, 7 May 2018 Slides from the presentation After several quarters of higher than expected growth, the latest euro area data point towards some moderation, but remain consistent with a solid and broad-based economic expansion. Monetary policy measures introduced since 2014 have been central in supporting euro area growth and paving the way for a return of euro area inflation to a rate...

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09 May
Member News

ING posts 1Q18 net result of €1,225 million

ING continues pace of commercial growth, attracting more customers and increasing core lending ING grew primary customer base in 1Q18 by 170,000 to 11.2 million; total retail customers reached 37.8 million Net core lending in 1Q18 increased by €12.3 billion; net customer deposit inflow amounted to €2.4 billion ING 1Q18 underlying pre-tax result of €1,686 million, up 2.1% year-on-year Good result reflects continued loan growth and lower risk costs, whereas expenses remained under control ING's 1Q18 four-quarter rolling underlying ROE...

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08 May
Member News

European proposals for cross-border transactions and online company establishment

By Dirk Van Gerven | Geert Raaijmakers | Suzanne Rutten |Greet Wilkenhuysen | On 25 April 2018, the European Commission published two proposals for directives: a proposal to make it easier for companies to merge, divide and transfer their registered office within the EU and a proposal to render it possible throughout the EU to establish a company online. To which corporate forms do the proposals apply? In the Netherlands, the new harmonised European procedure for cross-border mergers, divisions and conversions and the complete online establishment of a company...

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07 May
Chapter News

EU Budget for the Future

Commission proposes a pragmatic and focused long-term budget with modernised programmes to deliver efficiently on the EU's priorities The Commission proposed today a pragmatic, modern, long-term budget for the 2021-2027 period. It is an honest response to today's reality in which Europe is expected to play a greater role in providing security and stability in an unstable world, at a time when Brexit will leave a sizeable gap in the EU budget. The Commission's proposal aligns the Union's budget to the...

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07 May
Member News

Loki Labs Wins Top 10 Vulnerability Management Solution Provider Award

Loki Labs is pleased to announce we have been selected by Enterprise Security Magazine as a Top 10 Vulnerability Management Solution Provider in 2018. Enterprise Security Magazine is the go-to print and digital platform for Chief Security Officers and their teams that speaks about the security solutions which can help organizations get prepared for radical changes and mainstream attacks that can cripple an infrastructure. The Loki Labs article details our approach to managed security services and vulnerability management. Check it out here or...

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04 May
Chapter News

Spring 2018 Economic Forecast: Expansion to continue amid new risks

Brussels, 3 May 2018 Growth rates for the EU and the euro area beat expectations in 2017 to reach a 10-year high at 2.4%. Growth is set to remain strong in 2018 and ease only slightly in 2019, with growth of 2.3% and 2.0% respectively in both the EU and the euro area. Watch video here Private consumption remains strong, while exports and investment have increased. Unemployment continues to fall and is now around pre-crisis levels. However, the economy is more exposed...

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