Member News

DS Concept Announces Over $150 Million in Global Deals This March.

EACC Member DS Concept Announces Over $150 Million in Global Deals This March. Deals in Europe include: $20,000,000 for Spanish Food Distributor A Spanish food distributor has signed a factoring agreement with DS-Concept to support their growing exports to the EU. With the increased working capital, the company expects $20 million in factored volume for 2015. € 2,000,000 for Bulgarian Textiles Supplier A Bulgarian textiles supplier exporting to Germany has signed a factoring agreement with DS-Concept with an expected annual factoring volume of € 2 million. € 1,000,000...

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Member News, News

Spring – A Time For Change in UK Employment and Data Protection Law

By Pia Padfield, Associate in the London Office of Ogletree Deakins Spring is always a time for new beginnings; the end of the financial year and the start of a new one, election time and the clocks moving forward for daylight savings time. In the UK, Spring also heralds new changes in Employment and Data Protection law. Below are some of the key changes to UK employment law to be aware of. Shared Parental Leave New rights came into force on 1...

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Chapter News

IMF Review Weighs How to Harness Trade for Growth

Amid concerns over a “new mediocre” in the global economy, trade should be seen as an integral part of the plan for increasing global growth over the medium term, a new IMF report says.  In its regular five-year review of trade, the IMF takes stock of the changes in the trade landscape and discusses key issues for the institution’s future work agenda.  A revival of trade growth, which has been slowing in recent years, has the potential to significantly impact growth...

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Member News

Data Retention in Europe – Lessons Learned?

Following the decision of Europe’s top court, the Court of Justice of the European Union (“CJEU”) to strike down the Data Protection Directive (the “Directive”) in 2014, national governments have been in flux as to the status of legislation they introduced to transpose the Directive. An Opinion from the European Parliament’s Legal Services, which has been obtained and published online by various privacy advocacy groups, sets out specific guidance that the EU must follow if it intends to legislate again...

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Chapter News

Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism

Ms Lautenschläger, you have a unique role in the European Central Bank: not only do you have a say in the key ECB interest rates but, as Vice-Chair of the new banking supervision, you also monitor the institutions. Do you manage to avoid conflicts of interest between monetary policy and supervision? I am a purist in this regard, so I strictly separate both of my tasks in order to avoid conflicts of interest. Before contributing to a discussion, I...

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Chapter News

Remarks by the President after Meeting with Local Elected Officials and Small Business Exporters on Trade

THE PRESIDENT:  Well, as I said in the State of the Union address earlier this year, my top priority is to make sure that we continue the economic momentum that's been established, continue to grow businesses, create jobs, and make sure that we've got the kind of prosperity that is broad-based and allows people not just to get into the middle class, but ultimately to start their own businesses, start their own industries, in some cases, climb out of...

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Member News

New Policy May Provide Hope to Employers Frustrated by Historically High Denial Rates for High-Skilled Specialized Employee Transfers

Over the past decade, in a trend that has caused concern among many U.S. employers, denial rates for high-skilled foreign national employee transfer visa petitions have increased substantially. In fact, according to a recent report from the National Foundation for American Policy, the denial rate for L-1B high-skilled international transfer visas increased to an historic high of 35 percent in FY 2014. This represents more than a fivefold increase in denial rates since FY 2006, though there was no...

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Member News

Deutsche Eco USA and Bullrock enter into Joint Venture to provide integrated solar solutions

The Bullrock Corporation located in Shelburne, Vermont has announced a joint venture with Deutsche Eco USA Corp. with offices in Hoboken, New Jersey and Shelburne, VT. This joint venture will operate under the name Bullrock - Deutsche Eco Solar Ventures. The new company will be offering an integrated approach to locating potential solar sites, providing land owners a total systems solution, as well as providing power companies an easier, fully-integrated solution to the development, RFP and EPC process. The joint venture combines the global...

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Chapter News

EU-US trade deal: 15 EP committees have their say

The EP plays a crucial role in deciding the fate of a trade deal between the US and the EU The European Parliament is working on its position on the EU-US trade deal known as the Transatlantic Trade and Investment Partnership (TTIP). The international trade committee is responsible for drafting the Parliament's recommendations; however 14 other EP committees will contribute with their opinions. MEPs are due to debate and vote on the EP's position before summer. The trade deal, which...

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Chapter News

European Central Bank and Bank of England announce measures to enhance financial stability in relation to centrally cleared markets in the EU

29 March 2015 -- The European Central Bank (ECB) and the Bank of England (BoE) are today announcing a series of measures aimed at enhancing financial stability in relation to centrally cleared markets within the EU. The ECB and the BoE have agreed enhanced arrangements for information exchange and cooperation regarding UK Central Counterparties (CCPs) with significant euro-denominated business. The ECB and the BoE are today extending the scope of their standing swap line in order, should it be necessary and...

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