29 Jul
Chapter News, Trade & TTIP Related

Ten Arguments for TTIP and the Concerns to Address

The United States and the European Union (EU) share the largest trade and investment relationship in the world, with more than $5.5 trillion in commerce every year and up to fifteen million jobs generated on both sides of the Atlantic. Currently under negotiations, the Transatlantic Trade and Investment Partnership (TTIP) will bolster this key partnership, increasing efficiency, spurring job creation, and generating opportunities for innovation and small and medium enterprises. At a time of slow recovery from the 2009...

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29 Jul
Chapter News

Investment Plan for Europe: €62 million for wind and solar farms across the EU

The European Investment Bank (EIB) has signed an agreement with Sustainable Sàrl, a subsidiary of SUSU Partners AG, committing up to €62 million into the SUSI Renewable Energy Fund II. The agreement is guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The signing underlines Europe’s strategy to invest in environmental sustainability and a sustainable, competitive, and secure energy supply. The portfolio of SUSI’s second renewable energy fund currently comprises already 13...

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28 Jul
Chapter News, New York Related News

NYCEDC Announces “Last Call” for IN2NYC Program Applications

Applicants can apply through the program’s website at in2.nyc through July 29 IN2NYC will support 80 entrepreneurs and create more than 700 new jobs for New Yorkers in first three years New York City Economic Development Corporation (NYCEDC) today announced a “last call” for applications for its International Innovators Initiative (IN2NYC) program in partnership with the City University of New York (CUNY). IN2NYC is the first municipal program in the nation designed to help international entrepreneurs access visas so they can...

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28 Jul
Chapter News

EU rules on remuneration for credit institutions and investment firms work, but the proportionality principle needs to be clarified

The European Commission released today a report on the remuneration rules for credit institutions and investment firms. It finds that the remuneration rules are generally effective in curbing excessive risk-taking behaviour and short-termism. These were precisely the reasons why the rules were introduced in the aftermath of the financial crisis. However, drawing in particular on work done by the European Banking Authority, two public consultations and an external study, the report concludes that, in certain cases, some of the rules may...

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28 Jul
Chapter News

Investment Plan for Europe: EIB participates in SUSI Renewable Energy Fund II

The European Investment Bank (EIB) has signed a subscription agreement with Sustainable Sàrl, a subsidiary of SUSI Partners AG (SUSI), putting into effect the EIB’s investment commitment of up to 62 million euro in the SUSI Renewable Energy Fund II (SUSI RE II). The Investment is guaranteed under the European Fund for Strategic Investments. The signing underlines Europe’s strategy to invest in environmental sustainability and a sustainable, competitive, and secure energy supply. The portfolio of SUSI’s second renewable energy fund...

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27 Jul
Member News

New bill on the implementation of the 2017 tax reform package

On 26 July 2016, bill of law N° 7020 on the implementation of the 2017 tax reform package was filed by the Luxembourg Government with the Parliament (Chambre des Députés). The new measures affecting both business and individual taxation were originally announced on 29 February 2016 (please refer to our Newsflash dated 29 February 2016 available in our website). The bill mainly follows the announced measures with certain amendments. The key measures may be summarised as follows Business taxation Decrease in the...

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27 Jul
Member News

5 Tips from our Candidate Attraction Playbook

When it comes to hiring the right people who really fit their business, small-to-mid size organizations actually have a significant advantage over large corporations. The ability to act quickly, adjust roles to fit specific skill sets, and grant access to senior leadership during the interview process creates an environment of trust and mutual respect between candidates and hiring managers. With a well thought out recruiting process, you can ensure you’re not losing the right people for the wrong reasons...

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27 Jul
Member News

IIE Recognizes Qualcomm’s leadership in closing the gender gap in STEM

SAN DIEGO, July 12, 2016—This summer, thirty middle school girls will graduate from Qcamp for Girls in STEM, developed and implemented by Qualcomm Incorporated and the Institute of International Education (IIE). This year marks the third year of Qcamp for Girls, a two-week, free-of-charge intensive summer camp designed to introduce and solidify middle school students’ interest in science, technology, engineering and math (STEM). Following the success of the first cohort of students, Qualcomm and IIE will expand Qcamp for...

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27 Jul
Member News

Houlihan Lokey Advises Far Niente Wine Estates

Houlihan Lokey's Consumer, Food & Retail Group is pleased to announce that Far Niente Wine Estates has received a strategic investment from GI Partners. The transaction closed on June 10, 2016. Houlihan Lokey, along with Richard Mendelson, served as the exclusive financial advisor to Far Niente Wine Estates and assisted in structuring and negotiating the transaction on their behalf. This deal represents a landmark transaction for Houlihan Lokey in the wine industry. Far Niente was established in Oakville, Calif., in 1885 and...

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27 Jul
Chapter News

Council rotating presidencies: decision on revised order due to Brexit

On 26 July 2016, the Council adopted a decision establishing a revised order in which the member states will hold the presidency of the Council of the EU until 2030. Following the UK decision to relinquish the Council presidency in the second half of 2017, the Council decided to bring forward by six months the order of presidencies, starting from 1 July 2017. It also decided to add Croatia, which was not yet a member state at the time of the...

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