Member News

Temporary Restraining Order Halts the Executive Order Suspending the Entry of Immigrants and Non-Immigrants from Seven Countries

UPDATE: On February 9, 2017, a Ninth Circuit panel upheld the restraining order against President Trump’s travel ban.  On February 3, 2017, federal Judge James Robart issued a temporary restraining order (TRO) halting President Trump’s January 27, 2017, executive order (the “Order”) entitled, Protecting the Nation from Terrorist Entry into the United States by Foreign Nationals. The Order suspended entry into the United States for immigrants and non-immigrants from Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen (“affected countries”) for at...

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Member News

CSSF press release and ESMA’s opinion on share classes of UCITS

Today, the Commission des Surveillance du Secteur Financier (CSSF) published a press release to confirm that it expects all Luxembourg UCITS to comply with ESMA’s opinion on UCITS share classes (the Opinion). Share classes that are not compliant with the Opinion, but established prior to 30 January 2017 should be closed for subscription by new investors by 30 July 2017 at the latest, and for additional investment by existing investors by 30 July 2018 at the latest. New share classes of...

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Member News

AIG is looking for a Cyber-Risk-Engineer (w/m) in Germany

Standort: Deutschlandweit AIG ist ein weltweit führendes Versicherungsunternehmen in den Bereichen Sach- und Haftpflichtversicherung sowie allgemeine Schadenversicherung mit weltweit über 40 Millionen Versicherungsnehmern in mehr als 160 Län­dern und Jurisdiktionen. AIG verfügt über eine mehr als 90-jährige Erfahrung, eine der größten Produkt- und Ser­vice­paletten in der Versicherungsbranche, umfassende Fachkompetenz im Schadenbereich und eine aus­ge­zeich­nete finanzielle Ausstattung. Damit ermöglicht AIG sowohl seinen Geschäfts- als auch seinen Privat­kun­den eine erfolgversprechende Bewältigung ihrer Risiken. In der Position des Cyber-Risk-Engineers (m/w) analysieren Sie als Sachverständiger...

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Chapter News

Winter 2017 Economic Forecast: Navigating through choppy waters

All EU Member States' economies set to grow in 2016, 2017 and 2018 © European Union 2017 Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty. Real GDP in the euro area has grown for...

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Chapter News

CO2 cuts: finding the right balance between protecting trade and fighting climate change

MEPs vote this week on plans to reform the EU's emissions trading system (ETS), a scheme set up to help reduce greenhouse gases, which is not not working as expected. Although the EU is the world's third largest CO2 emitter, it also harbours the most ambitious climate target: to cut emissions by at least 40% by 2030 compared to 1990 levels. The plans voted on in Parliament this week should help achieve this target while maintaining Europe’s industrial competitiveness. Launched...

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Member News

ING Group:ING to call USD 1,100 million 7.20% perpetual on 15 March 2017

ING Group announced today it will redeem USD 1,100 million 7.20% ING Perpetual Debt Securities on the call date of 15 March 2017, in line with ING's goal to continuously optimize its capital structure. The securities (CUSIP: 456837301) will be redeemed in full in accordance with their terms on the redemption date which is 15 March 2017 The redemption price payable for the securities on the redemption date will equal 100% of the aggregate principal amount of the securities, plus...

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Member News

The Top 5 International Data Privacy Issues for Employers in 2017

As employers catch their breaths after an action-packed 2016, they need to gear up for another turbulent year for international data privacy issues in 2017. The top five international data privacy issues follow. 1.      Preparation for the GDPR Although the EU General Data Protection Regulation (GDPR) will not take effect until May 2018, it is critical that employers begin preparations for compliance in 2017 to timely implement the new obligations imposed by the GDPR. Among other requirements, the GDPR will require...

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Chapter News

Code of conduct on business taxation: new chair of the Council working group

The Council working group that oversees implementation of the EU's code of conduct on business taxation has appointed a new chairperson. Fabrizia Lapecorella (Italy) took up the position at the beginning of February 2017 for a period of two years. Appointed at the group's meeting on 25 January 2017, she replaces Dr Wolfgang Nolz (Austria), who had chaired the group since 2009. The code of conduct on business taxation sets out criteria for assessing tax measures that potentially encourage harmful tax...

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Chapter News

European Year of Cultural Heritage in 2018: celebrating the diversity and richness of our European heritage

On 9 February 2017 Council and European Parliament representatives reached a provisional agreement on a decision establishing a European Year of Cultural Heritage (2018).  Cultural heritage encompasses resources from the past in a variety of forms and aspects. These include monuments, sites, traditions, transmitted knowledge and expressions of human creativity, as well as collections conserved and managed by museums, libraries and archives. The aim of this initiative is to raise awareness of European history and values and to strengthen a sense...

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Member News

Apple v. Samsung – the Federal Circuit punts to the District Court to determine the test for design patent damages

One of the cases we are following closely in 2017 is Apple Inc. v. Samsung Electronics Co., Ltd., Nos. 2014-1335, 2015-1029 (Fed. Cir.), which involves the test for determining damages available for infringement of a design patent On February 7, 2017, on remand from the U.S. Supreme Court, the Federal Circuit declined to address the key remaining legal issue in the Apple v. Samsung case – how a court should go about identifying the relevant “article of manufacture” for which...

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