Earlier this month, the SEC Division of Investment Management issued guidance with respect to situations in which an operating company may find that, upon the occurrence of an extraordinary event, it meets the definition of an “investment company” under the Investment Company Act of 1940 (“Company Act“), even though it intends to remain in such status only temporarily. Absent an exclusion or exemption from this definition, the operating company may be required to register under the Company Act. Rule...

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Due to the digital revolution driving global economy, there is a shortage of skilled and reliable web- and mobile software developers globally. According to a European Commission report, by 2020, 900,000 qualified ICT professionals will be missing from the market in Europe alone, whereby demand for skilled developers will be likely even higher in the USA. Successful businesses need to stay ahead of their competition through digital transformation and the introduction of new digital solutions and services to their clients,...

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April 2017 By Norman Rozenberg Around the world, international institutions and regulators are increasingly pressuring global banks to implement tougher measures to govern illicit financial flows and crimes, such as money laundering and financing for terrorism. In response, and particularly in volatile and smaller countries with limited financial markets and where local banks may be unable to meet these requirements, their global bank partners are increasingly cutting business ties with local affiliates and departing the market altogether. In this trend to “de-risk”...

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April 2017 By Jesica Dobbins Lindgren As the European Union turns 60 years old this year, both pundits and detractors are looking at the shape and fate of the post-World War II experiment. Now comprising 28 member countries, what we now call “the EU” began with the signing of the two Treaties of Rome on March 25, 1957. One of the treaties, the European Economic Community (EEC), laid the foundation geographically and philosophically for the current framework and ideals of...

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Nobel Peace Prize laureate, President Martti Ahtisaari spoke in Washington, D.C., on March 23, stressing the importance of transatlantic cooperation and fundamental global values.    President Ahtisaari spoke at the Wilson Center on Thursday. Former President of Finland, Nobel Peace Prize laureate Martti Ahtisaari delivered keynote remarks at the Martti Ahtisaari Symposium on European Security and Global Perspectives, held at the Wilson Center on Thursday, March 23.  At the age of 79, Mr. Ahtisaari still travels the world and is active in numerous...

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