15 Dec
Chapter News

#InvestEU: EUR 438 million to support renewable energy in Belgium

The European Investment Bank (EIB) will support the construction of the Norther wind farm off the Belgian coast with a loan of EUR 438 million. Half of this amount will be guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Juncker Commission’s Investment Plan for Europe. Norther is the third wind project off the Belgian coast to be supported under the EFSI. Upon completion, its 44 wind turbines will deliver an estimated 352 MW*, enough to...

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15 Dec
Chapter News

European Council – speech by President Juncker

Addressing the European Parliament on the day before the European Council, President Juncker set out the priorities of the meeting: the refugee crisis, defence, the investment plan, the European Solidarity Corps and foreign affairs. Addressing the European Parliament on the day before the European Council on 15 December 2016, President Juncker highlighted the progress made by the European Union on refugee crisis management: greater shared responsibility of our common borders with the setting up of the Border Guard, the implementation...

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15 Dec
Chapter News

Schulz: “Let us have the courage to fight for the EU”

Martin Schulz stressed the importance of cooperation and solidarity in his last speech as Parliament President at a European Council meeting. Addressing heads of government at the summit in Brussels, he called on them to make progress on issues such as defence, migration and Russia. “You all agreed that you need the EU, that the EU is the only means to tackle the challenges we are facing in this century. This spirit should never be forgotten and should guide...

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14 Dec
Chapter News

Ireland: Staff Concluding Statement of the Sixth Post-Program Monitoring Mission

An International Monetary Fund (IMF) mission visited Dublin during November 29—December 2, 2016, for the sixth post-program monitoring discussions—part of the IMF’s regular surveillance of countries with significant IMF credit outstanding. The mission was coordinated with the European Commission and the European Central Bank. At the end of the visit, the mission issued the following statement: The Irish economy is growing at a healthy pace, but remains subject to downside risks. Commendable progress has been achieved through a long and...

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14 Dec
Member News

Perfection of the New Market Abuse Regime in Luxembourg

Today, the Luxembourg Parliament enacted the law (the “New Market Abuse Law”) implementing Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive), also known as the “Market Abuse Criminal Sanctions Directive” (“Directive 2014/57/EU”) and Commission Implementing Directive (EU) 2015/2392 of 17 December 2015 on Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards reporting to competent authorities of actual or...

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13 Dec
Chapter News

U.S. Trade Representative Welcomes Strategic Plan to Enhance Intellectual Property Protections

Washington, D.C. – The Office of the United States Trade Representative (USTR) today welcomed the release of the Joint Strategic Plan by the Office of the Intellectual Property Enforcement Coordinator. This Plan is a product of an intensive effort by the Obama Administration to ensure that the works of American creators and innovators are protected from infringement and misappropriation. USTR pursues this agenda on a global scale. “The United States is the world’s most innovative economy, with new ideas and creative...

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13 Dec
Chapter News, New York Related News

Groundbreaking $650 Million Initiative to Fuel Growth of a World-Class Life Science Cluster in New York

Initiative Makes Capital, Operating Support and Tax Incentives Available to Life Science Companies to Support the Growth of Research and Development More Than 3.2 Million Square Feet of Innovation Space and 1,100 Acres of Developable Land Available Tax Free at 45 Colleges and Universities Statewide New Programs Will Help Develop Research and Entrepreneurial Talent Necessary for Growing New York’s Life Science Sector Governor Andrew M. Cuomo today announced a groundbreaking new $650 million initiative to spur the growth of a new, world-class...

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13 Dec
Member News

Changing Timeframes: Private Equity Funds Expand in Lifecycle

A new report, Going the Distance: The Expanding Lifecycles of Private Equity Funds by Pepper Hamilton and Mergermarket, shows that while it is taking longer for managers to deploy capital, the entire lifecycle of PE funds also appears to be lengthening. Managers are seeing longer fundraising periods, sourcing periods for creating and generating viable deals, and holding periods for investments. This longer lifecycle can also be attributed, in part, to the very competitive market for investors’ dollars. For general partners,...

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13 Dec
Member News

2017 Labor & Employment Laws: New Year, New Government, New Challenges

On January 1, 2017, employers across the nation will face a host of new or amended federal, state, and/or local labor and employment requirements. At the same time, there is uncertainty as to how the Trump Administration and Congress may alter those federal obligations.1  With Congress gridlocked for much of the 2016 election year, the most significant labor and employment legislation and regulations were enacted at the state and municipal levels. Multiple states approved minimum wage increases, with built-in multi-year...

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12 Dec
Chapter News

Railway: new legislation to get the sector back on track

New rules to help EU countries open up their rail transport markets and improve their competitiveness are debated by MEPs on Monday evening and voted on Wednesday. The new legislation should help to make travelling by rail cheaper and more attractive. Check out our infographic to find out more about Europe's railway sector and follow the debate live online.     MEPs are set to debate and vote on a series of measures to improve rail travel in the EU as part...

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