15 Sep
Chapter News

Parliament endorses Sir Julian King as Commissioner for Security Union

The European Parliament endorsed the candidature of Sir Julian King as Commissioner for the Security Union. He was nominated by the UK government after Lord Jonathan Hill resigned in the wake of the Brexit vote in June. Parliament backed the appointment of Sir Julian King as Commissioner for the Security Union by 394 votes to 161, with 83 abstentions, in a secret ballot. The Civil Liberties, Justice and Home Affairs Committee held a hearing with the candidate commissioner on Monday evening....

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14 Sep
Chapter News

State of the European Union

President Juncker today addressed the European Parliament in his annual State of the European Union speech. He highlighted: Europe must invest strongly in its youth, jobseekers, and start-ups. An ambitious Investment Plan for Africa – a lifeline for those who might risk dangerous journeys for a better life. We propose free wireless for every European village and city by 2020. Journalists, publishers and authors should be paid fairly for their work, wherever it's made and shared. We will defend our borders with the new...

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14 Sep
Chapter News

EU-U.S. Privacy Shield Up and Running for One Month

Since 1 August, U.S. companies have been able to sign up to the EU-U.S. Privacy Shield with the U.S. Department of Commerce, which has been verifying that their privacy policies comply with the high data protection standards required by the Privacy Shield. Already 103 have been certified. This means that these U.S. companies can receive personal data from the EU in full compliance with EU data protection rules. European companies can easily check on the Privacy Shield list whether...

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14 Sep
Member News

Orrick Establishes First Legal Portal For Direct Lenders

Orrick today announced the creation of the first legal portal for the corporate direct lending community. The site (DirectLending) breaks new ground by offering fast, simple solutions to a wide variety of common issues that arise in direct lending transactions. The direct lending portal offers a number of key features. Among others, these include: An efficient tool for automatically generating draft legal term sheets and/or engagement letters for new deals by answering a brief online questionnaire; an app for determining...

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14 Sep
Member News

ERISA Cyber Security Threats and the Role of Human Resources

With the increasing threat to organizations from data breaches, HR plays a critical role in helping prevent and minimize the risk from cyber theft. This podcast will address how to identify potential cyber security problems, workforce challenges in data protection, and the use of policies, training and employee education that are designed to protect private and sensitive data. Listen to the podcast here: Compliments of Littler - a member of the EACCNY

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13 Sep
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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13 Sep
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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13 Sep
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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13 Sep
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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13 Sep
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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