Chapter News

Release of the April 2016 IMF Fiscal Monitor

Participants at the Press Conference: Vitor Gaspar, Director of the Fiscal Affairs Department; Abdelhak Senhadji, Deputy Director of the Fiscal Affairs Department; Benedict Clements, Chief of the Fiscal Policy and Surveillance Division, Fiscal Affairs Department; Wiktor Krzyzanowski, Senior Communications Officer, Communications Department Mr. Krzyzanowski: Good morning, everybody. Thank you very much for joining us today for the presentation of the Fiscal Monitor. My name is Wiktor Krzyzanowski; I am with the Communications Department of the Fund. Let me present to...

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Member News

DS-Concept adds Los Angeles to growing global network

Manufacturing’s pivot East in recent decades has opened up new opportunities for DS-Concept across the globe, but more recently we have registered demand to open up an office in Los Angeles to allow domestic clients to expand overseas and for foreign businesses to operate with ease in the US. The manufacturing industry’s rapid growth in California has been one of the main drivers of the state’s growth, with $149.79bn in manufactured goods exported in 2014, more than 11% of the state’s...

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Chapter News

Data protection reform – Parliament approves new rules fit for the digital era

New EU data protection rules which aim to give citizens back control of their personal data and create a high, uniform level of data protection across the EU fit for the digital era was given their final approval by MEPs on Thursday. The reform also sets minimum standards on use of data for policing and judicial purposes. Parliament’s vote ends more than four years of work on a complete overhaul of EU data protection rules. The reform will replace the...

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Chapter News

President Juncker: ‘Europe needs a genuine security union’

On 12 and 13 April Jean-Claude Juncker, President of the European Commission, delivered two speeches before the European Parliament, the first relating to the attacks in Brussels and the second on the conclusions of the March European Council. In his speech at the European Parliament’s plenary session Jean-Claude Juncker, the President of the European Commission, insisted that we are stronger when we work together. ‘The time for action has come. In the area of security, as in many other areas...

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Chapter News

Trade secrets: protecting businesses, safeguarding the right to information

New EU rules to help firms win legal redress against theft or misuse of their trade secrets were voted by Parliament on Thursday. MEPs ensured that freedom of expression and information will be protected and that the rules will not restrict the work of journalists. “With one company out of every five a victim of theft of trade secrets every year, harmonisation should allow the creation of a safe and trustworthy environment for European companies, which will see their intangible...

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Member News

Helen D. “Heidi” Reavis to be Honored at Women’s City Club of New York

RPL Managing Partner, Emmy Award®-Winning Executive Producer Celebrated as Social Justice Champion On April 12, 2016, the Women’s City Club of New York (WCC) announced Helen D. “Heidi” Reavis, Esq., Managing Partner and Principal at Reavis Parent Lehrer LLP, among the Honorees of the 2016 Civic Spirit Award.  In addition to her outstanding law practice in employment, media, intellectual property and other practice areas, Ms. Reavis  is an Emmy Award®-Winning Executive Producer who, with her husband, Steven...

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Member News

More Squibb: New Jersey Office Sent to Special Servicing

According to April remittance data, the $40.0 million 100 Nassau Park Boulevard was recently sent to special servicing. Scheduled to mature in February 2017, the loan makes up 2.40% of the remaining collateral behind BSCMS 2007-PW15. The loan is backed by a 215, 143 square-foot, three-story office building in West Windsor, New Jersey. E.R. Squibb and Sons, LCC, a subsidiary of the biopharmaceutical firm Bristol-Myers Squibb, is the sole tenant with a lease that expires in December 2016. Bristol-Myers Squibb plans...

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Chapter News, Trade & TTIP Related

EU and U.S. – Top Trading Partners

The United States continued to be the European Union’s top trading partner in 2015, registering €619 billion or 18 percent of total EU trade in goods. China ranked second, with €521 billion or 15 percent of total EU trade in goods. Both the U.S. and China were well ahead of Switzerland and Russia, which ranked third and fourth for merchandise trade with the European Union. The U.S. is the EU’s number one destination for exports and ranks second for imports...

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Chapter News

New EU rules on data protection put the citizen back in the driving seat

The European Parliament is set to finalise more than four years of negotiations this week in Strasbourg when MEPs pass the legislation in the Civil Liberties Committee on Tuesday 12 April, followed by a vote by the full house on Thursday 14 April. The overhaul concerns two pieces of legislation: a general regulation on personal data processing in the EU and a directive on data processed by the police and judicial authorities. Together, these make up the data protection package. The...

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Chapter News

Commission proposes public tax transparency rules for multinationals

The College proposes to introduce public reporting requirements for the largest companies operating in the EU and in tax havens. It also assesses progress by Greece to address deficiencies at external borders and discusses way forward on visa reciprocity. Tax transparency: country-by-country reporting by multinationals Fighting against tax avoidance and aggressive tax planning is a political priority for the European Commission. Since the beginning of its mandate, the Juncker Commission has pursued an ambitious agenda to ensure fair taxation, meaning that companies...

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