Pepper Hamilton is  pleased to announce that four attorneys have been elected to the partnership and two have been elected of counsel, effective January 1, 2017.   Those elected as partners are:   Abigail A. Hazlett - Philadelphia, White Collar Litigation and Investigations Abigail A. Hazlett is a member of the White Collar Litigation and Investigations Practice Group in the Philadelphia office. She focuses her practice in white collar defense, representing companies in a variety of state and federal criminal and civil actions, and...

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The most divisive US election in modern history and the uncertainty that it created across the world is over. Now, leaders should turn to the challenge of securing sustainable economic growth, writes William R. Rhodes. Major decisions have been set aside for too long by the governments of the US, the European Union, Japan and China. A host of economic policy actions are now essential and none is more important than countering a mounting trade protectionist threat. World trade growth is...

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On 21st November 2016, the European Securities and Markets Authorities updated its Questions & Answers on the application of the UCITS Directive (the “Updated Q&A”).  Article 56(2)(c) and Article 55(1) of the UCITS Directive set out two limits whereby (i) a UCITS may not acquire more than 25% of the units issued by a target fund (control limit) and (ii) a UCITS may not invest that more than 10% of its assets in a target fund (concentration limit), knowing that...

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The EU is still facing a difficult market situation, even though the economic rebound in Europe is proceeding. There is a long way to go to achieve the Commission's European 2020 Agenda to get 75 percent of the working-age population (20-64 years old) into employment. In 2016, some of the main issues regarding employment law that the EU had to deal with were: • the Brexit referendum, • the General Data Protection Regulation, • EU-US Privacy Shield and • the different development of the...

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The Dutch State Secretary of Finance declared an extension of the filing period for entities of multinational groups (with a consolidated group revenues of at least EUR 750 million) to 1 September 2017 regarding the following notifications: whether or not these entities are a so-called ‘reporting entity’ under the Dutch Country-by-Country reporting legislation, and; which group entity is the reporting entity. In addition, a special digital application has been developed by the Dutch tax authorities for notifying the identity of the reporting...

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The European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016 came into operation on 15 November 2016. These Irish Regulations form part of the Irish implementation of the 4th Anti-Money Laundering Directive (4AMLD) which is due to be transposed throughout the EU by 26 June 2017. Certain Irish Corporates must now: take “all reasonable steps” to obtain and hold “adequate, accurate and current” information in respect of their beneficial owners;   construct and keep a new beneficial ownership register; and   keep the information...

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