15 Jul
Member News

The EU-U.S. Privacy Shield officially adopted

The New York office of the Dutch law firm Houthoff Buruma offers clients and colleagues in the US selected news items about relevant legal developments in the Netherlands, the European Union and the Dutch Caribbean. Please email managing partner Helena Sprenger if you have any questions. The EU-U.S. Privacy Shield officially adopted On July 12, 2016 the EU-U.S. Privacy Shield was adopted by the European Commission, providing a new framework and legal basis for EU-U.S. personal data transfers. U.S. companies will be...

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15 Jul
Member News

Recent BEPS related legislation/guidance impacting Luxembourg

Recently a set of BEPS related draft legislation/guidance has been published: (i) On 21 June 2016, the Council of the European Union (“EU”) agreed on the draft Anti-Tax Avoidance Directive (“ATAD”); (ii) On 22 June 2016 a bill of law regarding the adoption of a Protocol amending the US/Luxembourg double tax treaty (“Protocol”) was filed with the Luxembourg Parliament; and (iii) On 29 June 2016, the OECD released new guidance on the implementation of the Country-by-Country (“CbC”) Reporting. For your convenience, we have summarised hereafter the...

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15 Jul
Member News

SRR – Celebrating 25 years of delivering client success.

On July 1st, Stout Risius Ross proudly celebrates its 25th anniversary . Many things have changed over the past 25 years. One thing that has not changed is our focus on providing our clients with the insight and advice they need to help make good decisions. From our earliest days, we have been guided by underlying values and the highest standards that have stood the test of time. We are proud to have grown from our humble beginnings to one...

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15 Jul
Chapter News

“Competition matters to everyone” for a fair society and strong economy Commissioner Vestager tells EESC Plenary

Addressing the EESC Members at their plenary session today, Margrethe Vestager, EU Commissioner for Competition, argued a strong consumer, business and social justice case for EU competition policy. Citing key recent examples on energy, transport, state subsidies and taxation, the Commissioner underlines that competition drives companies to cut prices and improve products, and brings in the investment to the economy and creates jobs. “The EU is about its people. It's about coming together to find answers to the problems we...

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15 Jul
Chapter News

Europe is preparing for digitisation and automation of work

Bratislava (15 July 2016) - The informal two-day meeting of EU Member States’ ministers for employment and social policy (EPSCO) led by Slovak minister Ján Richter focused on social and technological challenges in the world of labour – demographic changes, migration and digitisation. Social partners at European level were also present. The population of the European Union is ageing, which means the number of economically active citizens is declining in proportion to the economically inactive. This will impact the labour...

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15 Jul
Chapter News

Energy: EU invests €263 million in energy infrastructure

Today EU Member States agreed on a Commission proposal to invest €263 million in key trans-European energy infrastructure projects. Today EU Member States agreed on the European Commission's proposal to invest €263 million in key European energy infrastructure projects. The lion's share of the investment will support the building of gas infrastructure in the Baltic Sea region as well as supporting the electricity sector across Europe. Nine projects were selected following a call for proposals under the EU funding support programme...

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14 Jul
Member News

Finland: New Honorary Consulate Opened in North Carolina

Finland has opened a new Honorary Consulate in Charlotte, NC, which is the largest business, financial and transportation hubs in North and South Carolina. The jurisdiction of the new Honorary Consulate covers both North and South Carolina. The new Honorary Consul in Charlotte is Todd Wiebusch, a business executive who has lived in Charlotte over 20 years and who has a long business and personal history with Finland. New Honorary Consul Todd Wiebusch has actively promoted Finnish culture and business...

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14 Jul
Chapter News, Trade & TTIP Related

Commission publishes further TTIP documents in ongoing transparency commitment

The European Commission is today publishing a record number of EU proposals from the ongoing 14th round of talks for a trade agreement with the United States, taking place in Brussels this week. As part of its drive for a more transparent trade and investment policy, the Commission is making these proposals public only days after submitting them to our negotiating partners. The nine proposals published today are intended to simplify technical regulations without lowering standards, and to set global rules...

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14 Jul
Chapter News

Innovation performance compared: How innovative is your country?

Today the Commission released the 2016 results of the European Innovation Scoreboard, the Regional Innovation Scoreboard and the Innobarometer. The main findings are that EU innovation is catching up with Japan and the US, Sweden is once again the innovation leader, and Latvia has become the fastest growing innovator. European Innovation Scoreboard 2016 country ranking* (axis Y - Summary Innovation Index, axis X - EU countries) Elżbieta Bieńkowska, Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs, said: "I want Europe to be...

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14 Jul
Chapter News

Capital Markets Union: new rules to support investment in venture capital and social enterprises

The European Commission has today proposed amendments to the European Venture Capital Funds (EuVECA) and the European Social Entrepreneurship Funds (EuSEF) regulations, marking another step towards the creation of the Capital Markets Union. Today's proposal aims to boost investment into venture capital and social projects and make it easier for investors to invest in small and medium-sized innovative companies. In particular, the Commission is proposing to open up the EuVECA and EuSEF fund labels to fund managers of all sizes,...

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