24 Jul
Brexit News, Chapter News

Border Communities Against Brexit is one of the winners of the European Citizen’s Prize 2017

The national award ceremony took place in the Garage Theatre, Monaghan Town on Friday 14th July. Since 2008, this prestigious award has recognised projects and initiatives that facilitate cross-border cooperation or promote mutual understanding and EU values.  Border Communities Against Brexit was nominated for the prize by Matt Carthy MEP, Liadh Ní Riada MEP, Lynn Boylan MEP, Marian Harkin MEP and Nessa Childers MEP. Martina Anderson MEP said "Border communities against Brexit stretches along the partitioned border of Ireland and represent a range of sectors including representatives from vulnerable adults, to SMEs, Hoteliers,...

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24 Jul
Member News

Welcome to the 2017 edition of Vistra 2020

Since our last report, The New Normal, the world has undergone major geopolitical, geostrategic and economic shifts. The combined impact of these changes, as well as an eroding sense of confidence in ‘expert’ political or financial prognostication, all have swept away the idea of ‘normal’, and especially of a reliable status quo. If anything, the only thing predictable about world events these days is the unpredictability of their outcomes. The effects of this uncertainty are playing out in the Trust,...

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24 Jul
Chapter News

Central Banking in Times of Technological Progress

Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Bank Negara Malaysia Monetary Policy Conference, Kuala Lumpur, 24 July 2017 There have been many significant advances in technology over the three and a half centuries that central banks have existed: railways, electrification, computerisation, and the internet to name but a few. Each of these great waves of technological revolution has transformed how economies function. While not all have had such a marked impact on central...

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20 Jul
Member News

Pepper Hamilton Formalizes Cannabis Industry Group

Law Firm Leverages Experience in Legal Marijuana Industry Building on the firm’s already deep experience in the legal marijuana business, Pepper Hamilton has announced the formalization of its Cannabis Industry Group. Comprising attorneys from several key practice areas, the newly formed group will advise on all aspects of the burgeoning cannabis industry, from entity formation and capital raises through patent protection and regulatory compliance. The Cannabis Industry Group is led by Alva Mather, Jay Dubow and Michael Jones. Attorneys from a...

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20 Jul
Member News

Pennsylvania Court Provides Commercial Property Owners With Defense to Tax Assessment Appeals

Client Alert: 7/20/2017 Executive Summary The Uniformity Clause of the Pennsylvania Constitution requires all real property in a taxing district to be classified as a single class — real estate — for tax purposes, and taxing authorities may not create sub-classifications based on property type (i.e., commercial, apartment or single-family home). Pennsylvania taxpayers, especially commercial property owners, who are currently subject to assessment appeals may have a challenge to appeals based on the Uniformity Clause of the Pennsylvania Constitution. Discussion On July...

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20 Jul
Member News, Uncategorized

“Don’t Forget Culture,” by Bill Rhodes

The U.S. Treasury’s recent 147-page report, “A Financial System That Creates Economic Opportunities,” details a rollback of many of the measures imposed to make banking safe and sound after the financial crisis. The proposals include substantial weakening of the Dodd-Frank financial-reform law. At the same time, White House appointments to several bank regulatory agencies are likely to promote measures that result in reductions in bank compliance costs, capital requirements and liquidity constraints. Right now, consideration is also being given in...

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20 Jul
Chapter News

Monetary policy decisions: The ECB and Interest Rates

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases. Regarding non-standard monetary policy measures, the Governing Council confirms...

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20 Jul
Chapter News

EU customs seized over 41 million fake goods at EU borders last year

New figures released by the European Commission today show that customs authorities detained more than 41 million fake and counterfeit products at the EU's external border in 2016. The goods had a total value of over €670 million. Everyday products which are potentially dangerous to health and safety – such as food and drink, medicines, toys and household electrical goods - accounted for over a third of all intercepted goods.  Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs,...

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19 Jul
Chapter News

Being Green: From waste to innovative and greener fertilisers

Increase use of recycled materials to produce fertilisers, reducing waste and energy consumption Limits for contaminants to protect health and environment Farmers and consumers to have a wider choice Innovative fertilisers produced from organic or recycled materials will have easier access to the EU single market, under draft rules put to the vote on Thursday. Existing EU rules on fertilisers cover mainly conventional fertilisers, typically extracted from mines or produced chemically, with high energy-consumption and CO2 production. Diverging national rules make...

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18 Jul
Chapter News, Uncategorized

Investment Plan for Europe: EIB and Santander sign two agreements to support SMEs and finance renewable energy projects

The European Investment Bank (EIB) and Banco Santander have signed two agreements with Investment Plan for Europe guarantees to provide financing for Spanish SMEs and help develop investment in renewable energy. The first of the agreements is a new EIB instrument to spread credit risk across both institutions. This financial instrument will enable Banco Santander to expand its capacity to grant loans to finance new investments from Spanish SMEs, which will be able to benefit from the favourable financing conditions made possible...

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