Chapter News

Investment Plan for Europe: EIB grants loan of EUR 40m to Indivumed

The European Investment Bank (EIB) will provide a loan of EUR 40m to Indivumed GmbH, a physician-led, integrated global oncology company providing high-content tumour data and an optimum quality biobank to third parties such as biopharmaceutical companies and research institutes. The EIB funding will allow Indivumed to develop and validate new assays biomarker for the Biobank business and technology platforms. In addition, the Company is aiming at building a unique “Global Cancer Database Solution“ which would support cancer researchers worldwide...

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Member News

Revinax CEO elected by French Academy of Surgery

By Revinax Dr. Ros becomes member of French Academy of Surgery The Revinax team continues to reap in the distinctions at this end of year. On December 6th, our CEO, Dr Maxime Ros, was elected Associate Member of the French National Academy of Surgery, l’Académie Nationale de Chirurgie. He was awarded this distinction for his work on how immersive 3D virtual reality can contribute to teaching and training surgeons. The National Academy of Surgery, a prominent institution. The National Academy of Surgery...

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Chapter News

The European Union’s long-term budget

President Juncker at the High-Level EU Budget conference: Matching ambitions and meeting future challenges  Ahead of the College debate on the European Union's long-term budget on Wednesday 10 January, the Commissioner for Budget and Human resources, Günther H. Oettinger launched today a High-Level conference on "Shaping Our Future – Designing the Next Multiannual Financial Framework", which is hosted by the European Political Strategy Centre, the Commission's in-house think tank. This conference opens the final stretch of preparing the next multi annual...

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Member News

Tax Reform Provisions Affecting Exempt Organizations

By Dennis L. Cohen | Co-Chair, Tax | Philadelphia |(215) 665-4154 | dcohencozen.com | Cozen O'Connor This Alert, which is one of a series from Cozen O’Connor dealing with the recently enacted federal tax reform legislation, summarizes the salient provisions of the new law affecting tax-exempt organizations. Perhaps most noteworthy are the proposals that did not survive the legislative process. For example, none of (i) repealing the income tax exemption of interest on § 501(c)(3) bonds; (ii) imposing the unrelated business income...

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Member News

January FX Outlook – Tax Reform, Fed Transition, and Equity Markets

By Bannockburn Global Forex LLC   The USD fell back towards the end of December against the majors despite the passage of the US tax reform, which is expected to provide a modest boost to US growth through 2018 and beyond. The USD weakness towards the end of the month did not have an obvious trigger, and may be best ascribed to seasonal factors, which do tend to weaken the USD towards the end of the year. However, the EUR did...

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Member News

The Netherlands starts ratification procedure for the MLI

By Loyens & Loeff On 20 December 2017, the Dutch government submitted the bill for ratification of the Multilateral Instrument (“MLI”) to parliament. The bill contains a summary of the various BEPS measures to be implemented by the MLI, without giving much guidance for interpretation. The positions taken on the MLI do not deviate from the provisional list of choices and reservations notified by the Netherlands to the OECD in June 2017. Background The Netherlands signed the MLI in June 2017. The...

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Member News

Federal Tax Reform: Major Changes Impacting Businesses

By Richard J. Silpe |Co-Chair, Tax| (215) 665-2704 | rsilpecozen.com | Cozen O'Connor On December 20, 2017, both houses of Congress passed H.R. 1, a comprehensive tax reform bill commonly known as the “Tax Cuts and Jobs Act,” (the Act) and was signed into law by President Trump on December 21, 2017. The Act makes major changes to federal income and estate tax law, including, among other things, numerous changes affecting businesses, individuals, tax-exempt organizations, the taxation of compensation arrangements, and fundamental aspects of...

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Member News

DS-Concept Closes Export Factoring Facility for Hungarian Trading Company

By Catherine Alvino | Marketing Coordinator | DS-Concept Factoring, Inc. DS-Concept closed a 250 million HUF credit facility for a Hungarian trading company that sells household appliances and kitchenware domestically to big multinational corporations. Under the arrangement, the company plans to use the provided liquidity to accommodate the 60-90-day payment terms of its buyers and reach its ten-figure annual turnover goal. The client sought out DS-Concept when a former business connection pointed them in their direction. As a new trading...

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Member News

2017 Antitrust Year in Review

By Wilson Sonsini Goodrich & Rosati Wilson Sonsini Goodrich & Rosati is pleased to present its 2017 Antitrust Year in Review, which examines the most important antitrust matters and developments from the past year. Among other topics, the report discusses how U.S. agencies have transitioned with the Trump administration, and describes new trends in U.S. and international merger enforcement and civil investigations, global cartel investigations, and complex civil antitrust litigation. The report includes highlights from technology, pharmaceutical, and other industries...

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Member News

Ogletree Deakins Promotes 11 to Shareholder

By Ogletree Deakins Ogletree Deakins, one of the largest labor and employment law firms representing management, announced today that the firm has elevated 11 attorneys to the shareholder position. The newly-elected shareholders represent the full breadth of Ogletree Deakins’ practice and service offerings, including class action, data privacy, employee benefits and executive compensation, employment law, higher education, international employment law, litigation, traditional labor law, and wage and hour. Named by Law360 as one of “The 100 Best Law Firms For Female Attorneys,”...

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