Chapter News

Information from the European Commission on the latest draft proposals in the context of negotiations with Greece

Brussels, 28 June 2015 - In the interest of transparency and for the information of the Greek people, the European Commission is publishing the latest proposals agreed among the three institutions (European Commission, European Central Bank and International Monetary Fund), which take into account the proposals of the Greek authorities of 8, 14, 22 and 25 June 2015 as well as the talks at political and technical level throughout the week. Discussions on this text were ongoing with the Greek...

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Chapter News

Emergency Liquidity Assistance [ELA] to Greek banks maintained at its current level

ECB takes note of decision on Greek referendum and the non-prolongation of the EU adjustment programme ECB will work closely with Bank of Greece to maintain financial stability Emergency liquidity assistance maintained at Friday’s (26 June 2015) level Governing Council stands ready to review decision Governing Council closely monitoring situation and potential implications for monetary policy stance The Governing Council of the European Central Bank today welcomed the commitment by ministers from euro area Member States to take all necessary measures to further improve...

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Member News

SRR Hosted Dinner on Opportunities and Challenges in the Retail Industry

EACC member Stout Risius Ross, Inc   (www.srr.com) recently hosted fellow EACCNY members and industry executives to a unique “Food for Thought Dinner Event.” The theme of the evening was Opportunities and Challenges in the Retail Industry. Guests included executives in the retail industry, lenders, investors, lawyers and advisors. The dinner was an intimate setting with conversation initiated by Dan Lowenthal of Patterson Belknap. Participants had the opportunity to discuss changing consumer spending habits which have led to the recent bankruptcy...

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Chapter News

Eurogroup Update on Greek Negotiations 6/27/2015

On 26 June the Greek authorities decided to reject the proposals by the institutions (the European Commission, the European Central Bank and the International Monetary Fund) for Greece's reforms plan. The plan, which has been negotiated since February, is a precondition to unlocking the remaining financial assistance for Greece under the current arrangement. The Greek government decided to call for a referendum on these proposals. It is expected to take place on Sunday, 5 July 2015, after the expiration date...

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Chapter News

5 Presidents Report: Stability and trust, cement for Europe’s EMU

The European Economic and Social Committee (EESC) welcomes the endorsement made today by the Heads of State or government at the European Council of the so-called 5 Presidents' Report on "Completing Europe's Economic and Monetary Union".  Political will has now to deliver on citizens' expectations for growth and jobs, says the EESC. Today's move is a strong signal of support for more integration – and therefore stability – in the Eurozone and a push for increased trust between Members...

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Member News

Across Foods is proud to announce its’ extended alliance with the logistic service provider foodcareplus

After having been appointed as the North American agent since November 2014, the collaboration between both companies has been intensified and Across Foods, a member of the EACCNY, has been appointed to coordinate and manage the set-up and daily management of foodcareplus North America Inc, based out of our East Coast offices. foodcareplus’, with headquarters in Antwerp Belgium, is specialized in the overseas transportation of food and agro products. We help our clients with regulatory compliance, warehousing and all other...

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Member News

Dillon Eustice’ Updates Guide to UCITS in Ireland

Undertakings for Collective Investment in Transferable Securities, commonly referred to as “UCITS”, are collective investment schemes established and authorised under a harmonised European Union (EU) legal framework under which a UCITS established and authorised in one EU Member State can be sold cross border into other EU Member States without a requirement for an additional authorisation. Originally introduced over twenty five years ago, UCITS has become the gold standard EU investment fund product, recognised not only by the European financial...

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Member News

International Comparative Legal Guide to Alternative Investment Funds

EACC New York member Dillon Eustace was delighted to contribute the Irish chapter to the 2015 edition of The International Comparative Legal Guide to Alternative Investment Funds, published by Global Legal Group Ltd, London. See below link to the Irish Chapter of the Guide: https://www.dilloneustace.ie/download/1/Publications/News/International%20Comparative%20Legal%20Guide%20to%20Alternative%20Investment%20Funds%202015.pdf For the entire Guide, which covers 23 Jurisdictions, please see the below link: https://www.iclg.co.uk/practice-areas/alternative-investment-funds/alternative-investment-funds-2015 If you have any questions, or would like to request a hard copy of the Guide to be sent to you, please contact Brian...

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Member News

Generalized System of Preferences GSP to be renewed retroactively

On June 25, 2015, Congress approved H.R. 1295 – the Trade Preferences Extension Act of 2015 (the “Act”). Once signed into law by the President, the Act will renew the Generalized System of Preferences (GSP) preferential duty program, which expired on July 31, 2013. The renewal will be retroactive, meaning that otherwise-eligible GSP merchandise entered between July 31, 2013, and the effective date of the law will be eligible for refunds of duty. Importantly, the duty refunds will not be automatic,...

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Chapter News

Ready for Signature: Congress Delivers on Bipartisan Trade Promotion Authority Legislation

WASHINGTON, DC — Yesterday, in a bipartisan vote, the Senate passed legislation establishing trade promotion authority (TPA). This action follows House passage last week, and the bill will now head to the president for his signature. In response, House Ways and Means Committee Chairman Paul Ryan (R-WI) issued the following statement. “Years of hard work have finally paid off. This is a win for our economy, for our national security, for government accountability, and for American leadership. With TPA in...

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