Member News

Luxembourg’s Tax Changes for 2018 Disclosed in the New Budget Bill

By Eric Fort | Bruno Gasparotto | Alain Goebel  |Thierry Lesage | Jan Neugebauer | Arendt & Medernach LLC On 11 October 2017, and the last time before next year’s parliamentary elections, the current Luxembourg Finance Minister presented the budget law for 2018 to the Parliament (Chambre des Députés).The main tax-related provisions of the Bill of Law N° 7200 (“Bill”) as laid out below in more detail include inter alia: Changes to the capital gains tax treatment of business restructurings; Improvements...

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Member News

Trends in Trade Secret Litigation Report

By Jeffrey Mordaunt | Joshua Swedlow | Stout  Stout's Trends in Trade Secret Litigation Report details the latest findings from our continual monitoring of the federal trade secret litigation landscape. The report also features the conclusions derived from our quantitative study on federal trade secret cases in which a verdict was derived or settlement information was publically available, over a 26-year period from 1990 to 2015. Our in-depth research and analysis focuses on: The impact of the Defend Trade Secrets Act...

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Chapter News, New York Related News

Governor Cuomo Breaks Ground on $75 Million Cold Spring Harbor Labs Center for Therapeutics Research

New Center Will Support the Thriving Biotechnology, Research and Academic Community on Long Island Governor Andrew M. Cuomo today broke ground on the Cold Spring Harbor Laboratory Center for Therapeutics Research project on Long Island. The new $75 million initiative applies the Laboratory's biomedical expertise to advance therapeutics for genetic diseases. CSHL is a world-leader in fundamental biology research with clinical care, and New York's $25 million investment in the new Center for Therapeutics Research will support advancements already underway in...

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Brexit News, Member News

Vulcan View: Key Events of this Week

By Vulcan Consulting  BREXIT   Negotiations reach a ‘’very disturbing state of deadlock’’ The fifth round of negotiations between the EU and UK concluded yesterday, with warnings from diplomats that talks had reached a political standstill and almost no substantial progress was made in the past few days. Although Michel Barnier, the EU’s top negotiator, said that decisive progress is still within reach before Christmas, he will not recommend to EU leaders at next weeks summit that ‘’sufficient progress’’ has...

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Chapter News

Commission calls for the completion of all parts of the Banking Union by 2018

European citizens and businesses will benefit from deeper financial integration and a more stable financial system, thanks to Commission plans to accelerate with the completion of the missing parts of the Banking Union. The Banking Union must be completed if it is to deliver its full potential in making the Economic and Monetary Union (EMU) more stable and resilient to shocks, while limiting the need for public risk sharing. This is beneficial for the entire Single Market. Building on the...

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Brexit News, Member News

Brexit Creates New Shifts in European Banking Industry

By Pero Jolevski | Director | Blue Star Strategies, LLC The June 2016 public referendum by the UK electorate to leave the European Union has dramatically affected London’s status as a banking and financial services hub. Previously, international banks operating out of London and doing business in the EU benefitted from the UK’s member status in the union. Now, with the UK’s pending exit, all that has changed, bringing new licensing requirements for banks whose EU operations are based in the...

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Chapter News

FDI Strengthens America’s High-Tech Competitiveness

By Maureen Book, Research Analyst, SelectUSA  High-Tech Industry Employment Concentration, High-Tech Employment/All Employment, by Metro Area, 2015 Source: U.S. Census Bureau, 2015 County Business Patterns, Accessed July 6, 2017, factfinder.census.gov SelectUSA released its second industry-focused report: “High-Tech Industries: The Role of FDI in Driving Innovation and Growth” on Sept. 19. This report provides an in-depth look at high-tech clusters in the United States, and gives the first-ever analysis of the role of foreign direct investment (FDI) in high-tech industries. The report’s biggest takeaway is...

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Member News

Updated USCIS Form Creates Streamlined Path to EAD and Social Security Number

By Philip A.S. Shepherd (Atlanta), Sara E. Herbek (Atlanta)  Ogletree Deakins | Following an announcement issued on October 2, 2017, U.S. Citizenship and Immigration Services (USCIS) will begin offering foreign nationals in certain categories the option to simultaneously file for work authorization and a social security number by filing a single form with USCIS. The new option, coming as a result of an interagency partnership between USCIS and the Social Security Administration (SSA), is effective immediately.  Applicants looking to take...

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Member News

Modernisation of Luxembourg Company Law

By Greet Wilkenhuysen | Romain Sabatier | Yoanna Stefanova| Nauta Dutilh   Modernisation of Luxembourg Company Law:  General Meetings of Shareholders in an S.A. and an S.à r.l. The Act of 10 August 2016 modernising Luxembourg company law and amending the Act of 10 August 1915 on commercial companies (the "Act") modifies certain rules with respect to the calling and holding of general meetings of shareholders of an S.A. and an S.à r.l.  The new rules are intended to facilitate the calling...

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Chapter News

What’s the future of globalisation? What’s the future of free markets? European optimism in an uncertain world

By Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank Speech given at New York University in New York. 11 October 2017   1   Introduction: Whither globalisation? Whither free mar- kets? Ladies and gentlemen It gives me great pleasure to be back in New York and at NYU. Today I want to talk about two things: chocolate and Nobel prizes. Stay with me for a moment. Some time ago, I stumbled upon a story that connected chocolate and Nobel prizes in a way...

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