13 Feb
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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10 Feb
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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10 Feb
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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10 Feb
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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09 Feb
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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09 Feb
Chapter News, New York Related News

NYCEDC Launches Campaign To Promote Made In NY: Fashion Certification Program

New York, NY – In advance of the semi-annual New York Fashion Week (NYFW) that kicks off this week, New York City Economic Development Corporation (NYCEDC) will launch a three-week marketing campaign that consists of print, social media, digital, and video to spotlight the City’s growing fashion design and manufacturing sector, and to promote a diverse array of Made in NY certified fashion designers. To support local designers and fashion production, Mayor de Blasio tripled the City’s investment in the fashion...

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09 Feb
Chapter News

A more urban developing world requires more urban responses

UN's Sustainable Development Goals should spur EU to focus more on working with cities in developing world. Peter Bossman The European Union should increase its cooperation with local and regional authorities in the developing world if the United Nations is to achieve its goal of making cities more "inclusive, safe, resilient and sustainable" by 2030, the European Committee of the Regions argues in an opinion adopted on 8 February. The opinion was drawn up at the CoR's initiative, with the aim...

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09 Feb
Member News, Trade & TTIP Related

Canceling or Renegotiating Trade Agreements: How does that work

By Jeremiah Baronberg Previously published on bluestarstrategies.com see here During the recent U.S. presidential campaign, Donald Trump made reshaping America’s involvement in international economic affairs a centerpiece of his platform. As a candidate, he specifically called out international trade—from abandoned factories to lost jobs and competitive wages—as a locus for many of the economic and societal challenges facing the country. Since being elected president, Mr. Trump has gone so far as to threaten to "tear up" or renegotiate existing U.S. free...

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09 Feb
Member News

VALUATION AND LITIGATION BRIEFING, FEBRUARY 2017

KNOW THE DIFFERENCES BETWEEN FAIR MARKET VALUE AND FAIR VALUE The terms “fair value” and “fair market value” are sometimes used interchangeably. To a business valuation professional, however, they have very different meanings. Adding to the confusion, “fair value” may be statutorily defined for shareholder litigation and divorce purposes — and that definition may vary depending on the case’s venue. Moreover, fair value means something entirely different when it’s used for financial reporting purposes. (See “Fair value under GAAP.”) Ultimately, an...

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08 Feb
Member News

Changes in WTCA Representation in Europe

NEW YORK, NY, USA -  World Trade Centers Association (WTCA) is pleased to announce that Toby Monckton has been appointed to succeed Estelle LeClercq as European Regional Director, as Estelle’s tenure with our organization comes to a close.  Estelle LeClercq has been with the WTCA for almost 12 years. Before being named as Regional Development Manager for Europe in June 2014, Estelle spent 9 years as a Senior Manager at WTC Lille where she was heavily involved in its core...

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