14 Oct
Member News

Ocean freight shippers need to think short term

Ocean freight rates on major trade lanes have declined to historical lows and are struggling to rebound from persistent overcapacity. After years of low revenue, carriers are now struggling, causing cost-cutting measures that have reduced their reliability. In that environment, savvy shippers (manufacturers and retailers) may not be able to operate as they have in the past, with long lead times and annual request-for-proposal (RFP) processes. Instead, they will have to become far more flexible in procuring freight volume, relying...

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14 Oct
Member News

U.S. Supreme Court Hears Oral Arguments in Samsung v. Apple Design Patent Case

Summary On Tuesday, October 11, 2016, the U.S. Supreme Court heard oral arguments regarding the extent to which a design patent holder may recover infringement damages under 35 U.S.C. § 289 when multi-component products are at issue.  Section 289 states that an infringer of a design patent “shall be liable to the owner of the extent of total profit.”  The statute, however, refers only to the “article of manufacture” to which the design is applied.  It does not address...

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14 Oct
Chapter News

InterRail: facts and figures about rail travel in Europe

Young European could be receiving a free InterRail pass to discover Europe by rail once they turn 18.The proposal received a warm welcome in the Parliament, but what is InterRail exactly? Check out our infographic for some basic facts about the pass and rail travel in Europe. On 4 October MEPs discussed and supported the idea of offering free InterRail passes to young people when they turn 18. This would help them to experience Europe’s diversity, better understand each other...

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14 Oct
Chapter News

European Capitals of Culture

In 2015, the European Capitals of Culture celebrated their 30th anniversary. Discover the brochureillustrating successful projects in recent European Capitals of Culture and the factsheet on the history and highlights of the initiative over the years. WHAT IS IT? The European Capitals of Culture initiative is designed to: Highlight the richness and diversity of cultures in Europe Celebrate the cultural features Europeans share Increase European citizens' sense of belonging to a common cultural area Foster the contribution of culture to the development of cities In addition to...

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14 Oct
Member News

Effective Dates Approaching for Fair Pay and Safe Workplaces Final Rule Implementation

Key Notes: The Fair Pay and Safe Workplaces Final Rule requires disclosure of labor law violations by government contractors. The rule’s provisions have been controversial since the related Executive Order was issued in 2014. The Final Rule takes effect October 25, 2016, with a phased implementation schedule for contractors and subcontractors during the next year. The much-anticipated Fair Pay and Safe Workplaces Final Rule is set to take effect October 25, 2016, amending the Federal Acquisition Regulation (FAR) to require the disclosure...

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13 Oct
Member News

Simplified Winding-up Recognized by New Luxembourg Act

Thanks to the Act of 10 August 2016 modernizing Luxembourg company law, which entered into force on 23 August 2016 (the “New Act”), the Grand Duchy now officially recognizes the possibility for companies to be wound up by means of a simplified procedure. This is unquestionably a useful tool which will further enhance Luxembourg's business-friendly reputation. Pursuant to Article 141 of the Act of 10 August 1915 on commercial companies, as amended by the New Act and Article 1865bis...

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13 Oct
Member News

Wednesday’s Activity: Stocks End Mixed Following Fed Minutes; CMBS Spreads Widen

Some of you have requested that we compile a list of properties located in areas that may have been impacted by Hurricane Matthew. We took the counties that were listed as Federal Disaster Areas and mapped all properties in those areas to our database. (For properties in our database, we removed any behind defeased loans or Agency notes.) We believe that the list of loans probably overestimates the number of assets potentially impacted by the storm. Because some of the counties are large...

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13 Oct
Member News

Luxembourg 2017 budget presented: main tax-related provisions

On 12 October 2016, the Luxembourg Finance Minister presented the budget law for 2017 to the Parliament (Chambre des Députés). The main tax-related provisions of the Bill of Law N° 7050 (the “Bill”) may be summarised as follows: Luxembourg’s transfer pricing legislation has to date been limited to a general provision enacted under article 56 of the Luxembourg Income Tax Law (“ITL”) which (following article 9.1. of the OECD Model Tax Convention) basically states that if associated enterprises deal with...

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13 Oct
Chapter News

President Tusk and the European Committee of the Regions join forces to restore trust and build a Europe closer to citizens

The President of the European Council, Donald Tusk, has said that he is counting on regions and cities to help the European Union listen to and address citizens' real concerns. His comment came in a meeting on 11 October with political leaders of the European Committee of the Regions. The meeting between President Tusk, and the leaders of the CoR – its President and First Vice-President and the presidents of the CoR's five political groups – came a week before...

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13 Oct
Chapter News

European Citizen’s Prize: celebrating people’s commitment to Europe

People and organisations from across Europe came to Parliament in Brussels on 12 October for the European Citizens’ Prize award ceremony that sought to highlight their contributions to Europe. Parliament Vice-President Sylvie Guillaume, who chairs the jury, said: “Europe is going through particularly hard times and it sometimes seems to be disintegrating before our eyes. Yet European citizens show us that Europe is alive and they put European values into practice every day." A total of 50 individuals and associations...

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