On October 6, 2015, the European Court of Justice (ECJ) will issue its decision in the Schrems case which may invalidate the U.S. Safe Harbor Framework. The Safe Harbor Framework permits U.S. companies to transfer personal data regarding their E.U. employees and customers to the U.S. in compliance with E.U. data protection requirements. The case involves a legal challenge brought by Austrian national, Max Schrems, against Facebook regarding Facebook’s transfer of personal data from the E.U. to the U.S. under...

Read more

The Department of State has announced the opening of the registration period for the 2017 Diversity Visa (DV) lottery. As in past years, the DV lottery will allow a maximum of 50,000 "diversity immigrants" to obtain permanent residence in the United States if they are from countries with low rates of immigration to the United States. Entries for the DV-2017 lottery must be submitted electronically between noon Eastern Daylight Time (EDT) on Thursday, October 1, 2015, and noon Eastern Standard...

Read more

After a series of high-profile data breaches at both financial and non-financial companies, regulators are increasingly highlighting the need for funds’ ongoing efforts to prevent and respond to hacking events. Amid this added scrutiny, fund managers will be expected to stay informed of their responsibilities and ensure they are in compliance. The issue of cybersecurity has been in the headlines in 2015 following data breaches involving several nationwide retailers and retail banks. The investment sector has also been affected, including the...

Read more

Executives cautious as M&A deal value rises but the number of deals decreases • Deal value has risen by 17% for the first half of the year while the volume of deals for the first half of 2015 dropped by 14% compared to last year • European M&A market remains attractive to foreign acquirers • Respondents believe private equity is now the most available source of financing • The TMC sector has overtaken Industrials and Chemicals as the most sought after this year M&A...

Read more

KINGDOM OF SWEDEN / KONUNGARIKET SVERIGE -  Country Overview: Location: Northern Europe, bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak, between Finland and Norway Size: 450,295 sq km Population: 9,747,355 (2014 est.) Capital: Stockholm Exports-commodities: machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals, hydropower Imports-commodities: machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing Currency: Swedish Kronor (SEK) Ethnic groups: Swedes with Finnish and Sami minorities; foreign and first-generation immigrants: Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks Religion: Lutheran...

Read more