14 Jul
Chapter News

Investment Plan for Europe: EUR 100 million for Greek companies as EIF and the National Bank of Greece sign EFSI agreement

The European Investment Fund (EIF) and the National Bank of Greece S.A. (NBG) have signed the first COSME guarantee agreement in Greece, benefiting from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The EU support will allow NBG to provide EUR 100 million to over 350 small businesses in Greece. EIF will provide NBG with a direct guarantee under the COSME programme with financial backing from the European Commission allowing...

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14 Jul
Chapter News, Trade & TTIP Related

US Ambassador to the EU Pledges Concluding TTIP This Year

"If we are going to succeed in completing TTIP this year, we need political will on both sides to maintain our current intensified engagement and bring a pragmatic, problem-solving approach to resolving the remaining issues."   In his remarks to Amcham Dublin, US Ambassador to the European Union Anthony L. Gardner stated that productive TTIP negotiating rounds and intersessional meetings have generated proposed text in the vast majority of the negotiating areas. He laid out the "admittedly ambitious" goal of reaching...

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14 Jul
New York Related News

Deputy Mayor Glen and NYCEDC Announce First City Approval of Lowline Project

World’s First Underground Park Would Keep NYC at Forefront of Urban Innovation Major Cultural Attraction Would Provide Green Space, Educational Programming to Community, Help Support Local Small Businesses Deputy Mayor for Housing and Economic Development Alicia Glen and NYCEDC President Maria Torres-Springer today announced that NYCEDC has selected the Lowline, to bring the world’s first underground park to the Lower East Side. This conditional designation serves as the first major step in making this project a reality, resulting in a community-oriented...

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13 Jul
Chapter News

Commissioner Jonathan Hill at the European Parliament on the Capital Markets Union

Brussels, 13 July 2016 -- Thank you so much for giving me the chance to say a few words on the work we've been doing to build a Capital Markets Union. To talk about what we've done so far and also to sketch out the next steps which it now falls to my friend and colleague Valdis Dombrovskis to take forward. I know some people have been wondering whether my leaving will mean a change of direction for CMU. I...

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13 Jul
Chapter News

European Commission proposes signature and conclusion of EU-Canada trade deal

The European Commission today formally proposed to the Council of the EU the signature and conclusion of a free trade agreement between the EU and Canada, known as the Comprehensive Economic and Trade Agreement, or CETA. The deal is set to benefit people and businesses – big and small – across Europe as of the first day of its implementation. To allow for a swift signature and provisional application, so that the expected benefits are reaped without unnecessary delay,...

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13 Jul
Chapter News, Trade & TTIP Related

ITA Report Shows 92 Percent Of U.S. Goods Exports May Be Affected By Foreign Technical Regulations

The International Trade Administration (ITA) released a new report today that finds 92 percent of U.S. goods exports in 2015—more than $1.3 trillion—were potentially affected by foreign technical regulations that could have a significant trade impact. "This report demonstrates the pervasiveness of technical regulations and their potential to affect U.S. exports," said Acting U.S. Under Secretary of Commerce for International Trade Ken Hyatt. "Regulations and testing and certification procedures that diverge from international standards—especially in ways that are unnecessarily trade-restrictive—can...

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13 Jul
Member News

Company law reform – are you ready ?

After more than ten years of extensive discussions, the modernisation of the Luxembourg corporate legal framework has now been adopted. However, the law is yet to be published before entering into force: such publication is expected in mid-August. Flexibility and legal certainty are the key drivers of the reform. As many adjustments are very technical we thought that rather than providing you with a detailed explanation of the newly adopted law, you would be more interested in seeing what the new...

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13 Jul
Chapter News

European Commission launches EU-U.S. Privacy Shield: stronger protection for transatlantic data flows

Brussels, 12 July 2016 the European Commission adopted the EU-U.S. Privacy Shield This new framework protects the fundamental rights of anyone in the EU whose personal data is transferred to the United States as well as bringing legal clarity for businesses relying on transatlantic data transfers. Andrus Ansip, Commission Vice-President for the Digital Single Market, said: "We have approved the new EU-U.S. Privacy Shield today. It will protect the personal data of our people and provide clarity for businesses. We have worked...

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13 Jul
Member News

European Commission Approves the EU-US Privacy Shield

On July 12, 2016, the European Commission announced its final approval of the EU-US Privacy Shield (the “Shield”).  Once signed by both the EU Minister of Justice and the US Secretary of Commerce, the Shield will replace the US Department of Commerce Safe Harbor Program, one of several mechanisms that allowed companies in the EU to transfer personal data from the EU to the US.  Previously, the Safe Harbor registration created a comparatively streamlined way for US companies to...

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13 Jul
Member News

What “Brexit” means for employers and employees

"Brexit" is coming: In the referendum on 23 June 2016, 51.9 percent of Britons spoke out in favor of the withdrawal of the United Kingdom from the European Union (EU). Admittedly, the result of the referendum does not yet constitute a formal step towards withdrawal and there is speculation about whether the withdrawal proceedings pursuant to Article 50 of the Treaty on European Union (TEU) are going to be initiated in the short term or not. Regardless of that,...

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