Chapter News

The Euro Year Book: Living and working in Europe 2016

Living and working in Europe, Eurofound’s 2016 yearbook, provides a snapshot of developments and trends in the work and lives of Europeans as described in the research activities of Eurofound over 2016. Despite the strains on the European Union – slow economic recovery, rising euro-scepticism and the UK vote to leave the EU – Eurofound’s work reported much good news for its citizens in 2016. Full-time, permanent employment rose across all pay categories; the gender employment gap is narrowing...

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Brexit News, Chapter News

Brexit News: Theresa May Makes a Statement after Stunning Majority Loss in UK Parliament

Theresa May, 9 June, 10 Downing Street: I have just been to see Her Majesty the Queen, and I will now form a government – a government that can provide certainty and lead Britain forward at this critical time for our country. This government will guide the country through the crucial Brexit talks that begin in just 10 days, and deliver on the will of the British people by taking the United Kingdom out of the European Union. It will work to...

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Member News

Nauta Dutilh: Modernisation of Luxembourg Company Law: Extension of the Debt-to-Equity Swap Rules

The Luxembourg Act of 10 August 1915 on commercial companies (the "Act"), as amended by the Act of 10 August 2016, now provides that the debt-to-equity swap rules set out in Article 94-2 et seq. can be applied to any issuance of securities by a Luxembourg or foreign issuer. 1. Opt-in mechanism The rules laid down in Articles 84 to 94-8 of the Act mainly relate to the organization and powers of bondholders' meetings and representatives. Luxembourg and foreign issuers can now...

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Member News

Pepper Hamilton: Supreme Court Provides New Leverage For Defendants In Sec Enforcement Actions

The Kokesh decision has the potential to significantly limit the financial sanctions at issue in SEC enforcement actions, especially in the context of the SEC’s enforcement of the Foreign Corrupt Practices Act. For many years, the U.S. Securities and Exchange Commission (SEC) has sought both civil monetary penalties and disgorgement of unlawful gains from those alleged to have violated federal securities laws. While civil monetary penalties are subject to a five-year statute of limitations under the Supreme Court’s 2013 decision...

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Member News

Technology solutions in a post-BEPS world

The implementation of the OECD’s BEPS Project represents a fundamental change in taxation from the legalistic approach, under which tax minimisation is a generally accepted practice, to the fairness based approach where tax liability in each country should be a fair representation of the economic activities in that country. This shift will cause disagreement on what constitutes fair taxa- tion across countries and result in double taxation through concur- rent multinational audits on cross-country economic activities. Integrated technology solutions will...

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Chapter News

Completing the Capital Markets Union: Building on the first round of achievements

Today the Commission is taking further steps to drive forward the Capital Markets Union (CMU), a pivotal project of the Juncker Commission to boost jobs and growth in Europe. After almost two years since the launch of the CMU Action Plan, the Commission is presenting today a number of important new initiatives to ensure that this reform programme remains fit for purpose. The CMU is a key pillar of the Commission's Investment Plan for Europe, the so-called Juncker Plan. Through a...

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Chapter News

The EIB Group and BBVA join forces to facilitate access to credit for Spanish SMEs under the Juncker Plan

The European Investment Bank (EIB), alongside the European Investment Fund (EIF) have agreed to provide BBVA with a EUR 143 million mezzanine guarantee facility to support investment projects for Spanish SMEs. This operation will allow BBVA to provide SMEs with finance of up to EUR 1 billion in SME funding. The agreement benefits from the support of the Investment Plan for Europe and was signed today by the EIB Vice President, Román Escolano and the BBVA Chief Executive Officer,...

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Chapter News

The new European Consensus on Development – EU and Member States sign joint strategy to eradicate poverty

The European Union and its Member States signed today a strategic blueprint, outlining the future of European development policy. This "New European Consensus on Development" represents a new collective vision and plan of action to eradicate poverty and achieve sustainable development. The jointly developed strategy, in the form of a Joint Statement, was signed today during the annual two-day European Development Days by the President of the European Parliament Antonio Tajani, the Prime Minister of Malta Joseph Muscat, on behalf...

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Chapter News

Banque de France’s François Villeroy de Galhau on the Future of the Euro Zone

Ladies and gentlemen, It is a pleasure to be here in Brussels and to speak in front of such a distinguished audience. For my generation of modest European architects – I was in Maastricht 25 years ago – Tommaso Padoa-Schioppa is one of those great – almost mythical – Italian figures who engaged in this “Kantian quest for European unity”. So I am honoured to give a lecture named after him. He would certainly have been very pleased that the...

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Chapter News

European Development Days focus on “Investing in Development” – #EDD17

The 11th edition of European Development Days opens tomorrow, 7 June, with a specific focus on investing in development. Europe's leading forum on international cooperation and development promises to be the biggest ever with some 7,000 participants expected. The event's debates, panels, and special events will provide insights into the most pressing development challenges facing the world, and various approaches to dealing with these challenges. On this occasion, President of the European Commission, Jean-Claude Juncker stressed: "Europe is the smallest continent,...

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