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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08 Feb
Member News

Private Fund Limited Partnerships: the UK’s new flexible real estate investment structure for 2017

Over €50 billion of capital is expected to be invested in global real estate during 2017, with North American investors on target to grow their global real estate allocation from 11.3% to 12.1%.  These are the results from the fourth global Investment Intentions Survey 2017, published this month by INREV, ANREV and PREA.  The survey, which specifically focuses on non-listed real estate funds, has a number of other interesting findings. It is anticipated, for example, that 74.1% of these global...

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08 Feb
Member News

Private equity and venture capital in the USA (outbound investment)

As we consider the state of global investment activity, we can look back at the statistics of 2016 which show a reasonable year for cross-border investments, an increasing confidence of VCs and corporate investors (CVCs) supporting fast growth businesses in a different jurisdiction.  This has mainly been US investors taking equity in European and Asian companies, but outbound Asian investors are being more prominent in the league tables, particularly outbound from China in tech businesses.  However, there are many other...

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