DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to an automobile parts manufacturer in India. The client, who provides truck and tractor parts to major automobile manufacturers in the USA, and Europe, is implementing this non-recourse factoring facility to free up their local borrowing facilities so they can reinvest in additional inventory and capital expenditure to accommodate growing sales. By working with DS-Concept, the client can now replace the...

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With the Capital Requirements Directive IV (CRD IV) now fully implemented into Dutch law, the consequences of the capital requirements set by the Basel III accord are becoming more and more clear. The Basell III accord, which dates back to 2010, requires banks internationally to meet increased capital requirements gradually towards 2019. The reason for Basel III is primarily found in the ineffective functioning of the Basel II accord rules during the credit crunch. In Europe, the Basel III...

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The Court of Justice of the European Union (“CJEU”) recently provided further guidance on what constitutes personal data for the purpose of EU law. The CJEU ruled in the joined cases of YS, M, and S v Minister for Immigratie, Integratie en Asiel that the legal analysis contained in an internal document as part of an internal process is not personal data. The decision came following a request for a preliminary ruling by the Dutch courts. The decision is also...

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