24 Jun
Chapter News

Statement by the President of the United States on the UK Referendum

The people of the United Kingdom have spoken, and we respect their decision. The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom’s membership in NATO remains a vital cornerstone of U.S. foreign, security, and economic policy. So too is our relationship with the European Union, which has done so much to promote stability, stimulate economic growth, and foster the spread of democratic values and ideals across the continent and beyond. The...

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24 Jun
Chapter News

Statement by High Representative/Vice-President Federica Mogherini on the outcome of the referendum in the United Kingdom

The British citizens have made their choice to leave our Union. However much we regret this decision, we respect it. The challenges we are facing are too pressing for us to afford any institutional uncertainty. This is why we will move forward on the basis of our shared values and interests and why we will keep working for the security and the well-being of our citizens, for the inclusiveness and the resilience of our societies, and for a more just...

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24 Jun
Member News

Brexit – Legal Implications for Irish Business

The United Kingdom has voted to withdraw from the European Union. The A&L Goodbody team of experts (both ROI and NI) has closely monitored the Brexit debate and has summarised the legal implications for businesses and investors in Ireland and Northern Ireland. In this update, we outline the likely withdrawal procedure, together with some suggestions as to how businesses with UK trading relationships and/or operations might begin to assess the legal consequences of Brexit for them. While Brexit will have immediate and...

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24 Jun
Chapter News

Joint statement on the outcome of the United Kingdom referendum

Joint statement by Donald Tusk, President of the European Council, Martin Schulz, President of the European Parliament, Mark Rutte, holder of the rotating Presidency of the Council of the EU, and Jean-Claude Juncker, President of the European Commission, on the outcome of the United Kingdom referendum President Tusk, President Schulz and Prime Minister Rutte met this morning in Brussels upon the invitation of European Commission President Juncker. They discussed the outcome of the United Kingdom referendum and made the following...

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24 Jun
Member News

What the Brexit means for your business

The Brexit has implications for organisations active in the Benelux. To give a quick overview of these implications, we have formulated FAQ's for various practice areas.  General 1. What is the background of the 23 June 2016 referendum? During the Conservative campaign for the 2015 UK general elections, Prime Minister David Cameron promised that, if the Conservative Party were to win these elections, he would negotiate a settlement with the EU on issues of concern for the UK and submit that settlement...

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24 Jun
Chapter News

ECB is closely monitoring financial markets

European Central Bank is closely monitoring financial markets ECB continues to fulfil its responsibilities to ensure price stability and financial stability in the euro area Following the outcome of the UK referendum, the European Central Bank (ECB) is closely monitoring financial markets and is in close contact with other central banks. The ECB stands ready to provide additional liquidity, if needed, in euro and foreign currencies. The ECB has prepared for this contingency in close contact with the banks that it supervises and...

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24 Jun
Chapter News

Statement by President Donald Tusk on the outcome of the referendum in the UK

There's no hiding the fact that we wanted a different outcome of yesterday's referendum. I am fully aware of how serious, or even dramatic, this moment is politically. And there's no way of predicting all the political consequences of this event, especially for the UK. It is a historic moment but for sure not a moment for hysterical reactions. I want to reassure everyone that we are prepared also for this negative scenario. As you know the EU is...

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23 Jun
Member News

The EU Blue Card – What you need to know

The EU Blue Card is a work and residence permit granted by a member state of the European Union. Citizens of third countries can apply for it in order to commence employment in the specific EU state. Its name is derived from the U.S. "Green Card" and the blue color of the European flag. The legal basis is EU Directive 2009/50/EC. In October 2007, the European Commission adopted two proposals: the first one known as the EU Blue Card Directive,...

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23 Jun
New York Related News

Governor Cuomo Announces $200 Million Airport Redesign Competition Accepting Applications Until July 1

Funding will Accelerate State Investments to Reimagine Upstate Commercial Passenger and Cargo Service Airports for the 21st Century Applications Being Accepted Until July 1 – Eligible Airports Can Apply Here Governor Andrew M. Cuomo today announced that New York State is in the process of accepting applications for the new $200 million Upstate Airport Economic Development and Revitalization competition and will continue to accept applications until July 1. The initiative includes $190 million to support the competition, which will solicit proposals...

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23 Jun
Member News

Tax Alert Ecofin reaches political agreement on the Anti Tax Avoidance Directive and removes the switch-over clause

On 20 June 2016, Ecofin reached political agreement on the Anti Tax Avoidance Directive (“ATAD”). The rules included in the ATAD will have an impact on the corporate income tax position of companies operating in the European Union (“EU”), including the Netherlands. Unlike the earlier drafts of the ATAD, the final draft ATAD dated 17 June 2016 no longer includes the switch-over clause. The switch-over clause could have adversely affected the Dutch participation exemption regime.The ATAD is aimed at...

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