22 Mar
Chapter News

Celebrating 70 Years of Friendship

  This year we're celebrating three important anniversaries in EU-U.S. history: the 70th anniversary of the Marshall Plan, the 65th anniversary of EU-US diplomatic relations, and the 60th anniversary of the Treaty of Rome. In this video address, EU Ambassador David O'Sullivan states, "In honoring these three anniversaries, we are truly celebrating the American and European visionaries who dared to dream what Europe could become." Watch the video. Compliments of the Delegation of the EU to the US  

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22 Mar
Chapter News

Clearer energy labelling: improved energy efficiency

The Council reached a provisional agreement with the European Parliament on a regulation setting a framework for energy efficiency labelling. This agreement will have to be confirmed by the member states Permanent Representatives (Coreper) tomorrow. The proposed regulation will replace the current legislation (Directive 2010/30/EU) retaining its main principles but further clarifying, strengthening and extending its scope. The Energy labelling framework allows customers to be more aware of the energy efficiency and energy consumption of household appliances (such as dishwashers, televisions,...

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22 Mar
Chapter News, New York Related News

Statement on United Technologies Corporation Plans for Innovation Center in Brooklyn

“We are proud to have helped United Technologies Corporation find a home in the five boroughs for its new innovation center," said NYCEDC President and CEO James Patchett. "Leveraging $4 million in support through the City’s Relocation and Employment Assistance Program, UTC will create over 200 quality tech and engineering jobs in Brooklyn. This 50,000 square foot innovation center will build upon the City’s strategic efforts to grow emerging sectors and connect homegrown talent with quality jobs, including through the...

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21 Mar
Member News

New Mandatory Gender Pay Gap Disclosures Will Soon Take Effect for Large Employers in Great Britain

Effective April 6, 2017, new Gender Pay Reporting regulations to address the gender pay gap1 (the “Regulations”) come into force in Great Britain. The Regulations are intended to address the pay gap between men and women by requiring large employers to calculate and publish certain gender pay information annually.   What is a “relevant employer”? Any private sector employer in Great Britain (England, Scotland and Wales) with at least 250 “employees” on the “snapshot” date of April 5 of each year is a...

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21 Mar
Member News

Modernisation of Luxembourg Company Law: Change of Corporate Form

The Luxembourg Act of 10 August 1915 on commercial companies (the "Act",) as recently amended by the Act of 10 August 2016 modernising Luxembourg company law, now contains specific rules on the conversion of companies with legal personality from one corporate form to another. The main purpose of the new provisions is to protect shareholders, in particular from a potential increase in their obligations, and safeguard the rights of third parties. New Section XV quarter (Articles 308bis-15 to 308bis-26) has...

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21 Mar
Member News

Virginia Supreme Court Denies Expansion of Public Policy Exception for Wrongful Termination Claims

The Supreme Court of Virginia, in Francis v. National Accrediting Commission of Career Arts & Sciences, Inc., No. 160267 (Feb. 23, 2017), reaffirmed that the public policy exception to Virginia’s employment at-will doctrine is a narrow one.  In Francis, the court held that to state a valid claim of wrongful termination based on public policy, an employee must allege either that the termination itself violated the public policy stated in the relevant statute, or that the employer prevented the...

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21 Mar
Chapter News

E-commerce: EU-wide rules to protect consumers better and stop rogue traders

New powers for national authorities to check whether e-commerce websites geo-block consumers, track down rogue traders or even, subject to safeguards inserted by MEPs, order that websites hosting scams be shut down, were approved by the Internal Market and Consumer Protection Committee on Tuesday. Under this draft legislation, national enforcement authorities would be required to have a set of powers to detect and halt online breaches of consumers’ rights across the EU. Internal Market Committee rapporteur Olga Sehnalová (S&D, CZ) said:...

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21 Mar
Member News

Financial statements on a non going concern basis

Both IAS 1 ‘Presentation of Financial Statements’ and IAS 10 ‘Events after the Reporting Period’ suggest that a departure from the going concern basis is required when specified circumstances exist. Neither Standard however provides any details of an alternative basis of preparation and how it may differ from the going concern basis. Entities will therefore need to develop an appropriate basis of preparation. This IFRS Viewpoint addresses some of the issues that entities will face when doing so. When is...

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21 Mar
Member News

Publication: New Economy

Rapid developments in technology, regulation and politics are changing the way organisations do business and we can expect more changes to come in the years ahead. These pose some interesting questions. How should businesses react in such uncertain times? How can policymakers create the right environment to help them to flourish? In simple terms, what should Britain’s post-Brexit economy look like? A new economy is needed. One which makes the most of Britain’s talents, skills and entrepreneurialism across the entire...

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20 Mar
Chapter News

IN2NYC Applications Now Available Online

Applications for the IN2NYC program are now available on the program website. Prospective participants can submit their applications now through May 3, 2017.In its inaugural application round, the program received one hundred forty four applications from around the globe. Visit the IN2NYC website to learn more about the program and apply! APPLY NOW Compliments of IN2NYC

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