Member News

From lingerie to construction

The hazy days of summer were definitely not lazy. Prestige Capital worked on a broad range of deals in a wide spectrum of industries that reflects the state of business in 2016. There was a huge uptick in the technology and construction industries. Both have invoices that are paid based on milestone or progress billings. In the 32-year history, Prestige has perfected systems to finance unusual types of receivables and even financed such esoteric deals as a celebrity chef who was paid in...

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Chapter News

VAT Gap: Nearly €160 billion lost in uncollected revenues in the EU in 2014

A staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission today. Research shows that the overall difference between the expected VAT revenue and the amount actually collected (the so-called 'VAT Gap') amounted once again to an unacceptably high yearly figure. The findings support recent calls by the Commission to overhaul the EU's VAT system to tackle fraud and make it more efficient. Member States must...

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Chapter News

What are the prerequisites for a euro-area fiscal capacity?

A monetary union without fiscal union is generally considered to be incomplete. We consider three steps for increasing the centralisation of fiscal functions, and discuss the prerequisites for moving forward at each one. Above all, fiscal integration is a matter of trust, which is currently at a low level. The first step would be to complete banking union and establish a more credible no-bailout clause. The conditions for addressing the fiscal dimensions of banking union are a denationalisation of the...

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Chapter News

Reviving the spirit of De Gasperi: working together for an effective and inclusive Union

I have many reasons to be grateful and honoured by your decision to award me thePremio De Gasperi today. His character and his experience provide us with an inspiring message, loud and confident: “In Europe we go forward together in freedom”. This message is rooted in the 20th century history of our continent. The raison d’être of any government is to provide security for its citizens, both physically and economically. And in democratic societies, that means providing safety and security by...

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Member News

Pay Equity FAQs: Answers to the Questions That Keep You Up at Night

As employers are learning about the many trends and changes that are bringing pay equity issues to the fore, they are asking questions regarding what they can do to protect themselves from potential liability. This article addresses some of the most frequently asked questions regarding pay equity issues.  What laws provide protection against gender-based pay disparities? There are a number of state and federal laws, plus additional federal regulations, that govern pay equity. The major federal laws that prohibit pay discrimination in...

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Member News

Conducting Internal Workplace Investigations – Are You Prepared?

Having an effective and consistent investigation process can play an important role in a company's culture. Join Kathy Cooper Franklin, Littler shareholder, as she talks about creating a speak-up workplace culture, walks you through the six stages of an investigation, and explains the importance of written guidelines in an investigation process. This podcast provides employers with insight and tips for conducting internal investigations in the workplace. Listen to the Potcast here Compliments of Littler - a member of the EACCNY

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Member News

Fighting The Number One Cause of Vision Impairment

There are more than 7 billion people on our planet, and an estimated 2.5 billion of them suffer from the same health problem, regardless of their gender, age or ethnicity: vision impairment. Whether moderate or severe, vision impairment can have far-reaching social and economic impacts on the lives of individuals, their families, and the communities they call home. So how do we make improvements to this problem? To address this epidemic, the Vision Impact Institute (VII) is bringing awareness to...

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Member News

Effective Business Development For Lawyers & Consultants – 10 Things To Think About

For lawyers and consultants at large and small firms alike, growing a personal book of business can be a challenge. Partners who are deeply engaged in complex technical matters and tending to the needs of their clients often relegate the important tasks of rainmaking and cultivating new clients to the back burner. For senior and junior associates and staff, developing the skills and having some successes along the way that allow you to point to concrete examples of rainmaking...

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Member News

New Consul General Manu Virtamo Starts in New York

Manu Virtamo assumed his duties as the new Consul General of Finland in New York on September 1.  Mr. Virtamo and his wife, Liisa, moved to New York from another hectic city, Tokyo, where Mr. Virtamo served as the Ambassador of Finland to Japan for the past three years. Mr. Virtamo has a long career with the Finnish Foreign Service: He has been posted in Stockholm, Washington D.C., Los Angeles, Tokyo, and now New York. In Helsinki he has served,...

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Chapter News

EU budget: how to make it more efficient and flexible

The EU’s budget has been criticised for years for relying too much on member states’ contributions and for being too inflexible when unexpected crises occur. MEPs discussed the issue with their national counterparts during a conference on how to finance the EU's budget on 7-8 September. Most panellists agreed that a reform was necessary to ensure more transparency and efficiency. In 2014 a high-level group on own resources was created to come up with solutions for the future financing of...

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