Member News, News

Investors Choose France for the Excellence of its Perfume & Cosmetics Industry

France is more than ever being recognized by international investors looking for opportunities in the perfume and cosmetics sector. There has been an increase recently in the number of companies seeking to invest in this sector, such as the American giant Estée Lauder, which is keen to expand its operations in France,or the Japanese company Adan Silk which has opted to locate its first international operations in France. An historical expertise The success of perfumery in France is, of course, not...

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Chapter News, News

President Barroso Delivers State of the Union Address

In his 2013 State of the Union address to the European Parliament, European Commission President José Manuel Barroso set out his vision for the European Union in the year to come. He recalled the EU's determined response to the global financial crisis and what has been achieved since then, noting that Europe has good reason to be confident. "For Europe, recovery is within sight," President Barroso said, but warned that Europe must continue to reform. "This should push us to...

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Member News, News

Pepper Attorneys Presenting at Cross-Border M&A and Litigation Forum

A group of Pepper Attorneys will be Presenting on "A Discussion Looking at Cross-Border Deals in the Auto Industry" at Cross-Border M&A and Litigation Forum on Wednesday, September 18, 2013 at Harvard Club New York. Technology has made the world a smaller and more accessible place, allowing cross-border and multi-national deals to become a viable way to increase revenue. Companies need to be able to craft an M&A deal, consider all international and local standard practices, regulations and laws, as...

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Member News, News

Pepper Hamilton Client Alert: Broker in Disguise?

In the September 2013 Private Equity Manager's challenge, Pepper Hamilton partners Christopher Rossi and Gregory Nowak explain when a firm may need to consider registering as a brokerdealer with the SEC. THE CHALLENGE Can the employees of ABC Capital, a private equity firm and investment advisor to PE Fund I, solicit potential investors for PE Fund II without ABC Capital being required to register as a broker-dealer? (Editors note: A more complete response to this month’s challenge, which addresses deal fees and...

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Member News, News

Dillon Eustace: CIMA Consultation on Corporate Governance Statement of Guidance for Mutual Funds

Background: Following receipt of feedback on its January 2013 consultation on corporate governance for the financial services industry, the Cayman Islands Monetary Authority (“CIMA”) has proposed a Statement of Guidance on Corporate Governance specifically for Mutual Funds (“SOG-MF”). The SOG-MF provides for the first time in the Cayman Islands bespoke guidance on corporate governance standards specifically for the mutual funds industry. The SOG-MF will extend not only to licenced funds, but also to Cayman registered and administered funds (“Funds”). The proposed...

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Chapter News, News

European Central Bank Keeps Interest Rates Unchanged

The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.50%, 1.00% and 0.00% respectively. In this context: Introductory statement to the press conference by Mario Draghi Key ECB interest rates More information on monetary policy

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Chapter News, News

G20: EU’s Objectives Broadly Achieved

Growth and jobs, fairer taxation, financial regulation, trade and Syria were the main themes at the G20 summit held in St Petersburg on 5-6 September 2013. "The G20 has proven its worth, in the face of the major challenges the global economy has experienced over the last 5 years, as the world's premier forum for economic cooperation: all G20 members remain determined to implement our ambitious commitments and take further steps on the way to strong and sustainable growth. We...

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Chapter News, News

EU State of the Union 2013

++ ANNOUNCEMENT ++ President Barroso will deliver the fourth “State of the Union Address” on the morning of Wednesday, September 11, 2013 to the European Parliament. The speech will be followed by a debate with MEPs. https://europa.eu/newsroom/calendar/event/452050/state-of-the-union-address-2013 On Thursday September 12th, the President will answer questions from citizens in a live Euronews interview and Google+ Hangout. Questions can already be posted on Google+, Facebook and Twitter, using the hashtag #askBarroso. Social media posts, pre-recorded video and text questions will be incorporated in the...

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Chapter News, News, Trade & TTIP Related

Remarks by President Obama and Prime Minister Reinfeldt of Sweden in Joint Press Conference on TTIP

September 04, 2013 | Rosenbad Stockholm, Sweden | 2:45 P.M. CEST PRIME MINISTER REINFELDT:  It’s a great honor and pleasure for me to welcome President Barack Obama to Sweden.  As you all know, this is a historic event -- the first bilateral visit ever by a President of the United States to Sweden. We have had a very constructive meeting.  There are many reasons why the relationship between the United States and Sweden is special.  Many Swedes emigrated to the United States...

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Chapter News, News

Commission’s Roadmap for Tackling the Risks Inherent in Shadow Banking

The Commission has today adopted a communication on shadow banking and proposed new rules for money market funds (MMFs). The communication is a follow-up to last year's Green Paper on Shadow Banking (IP/12/253). It summarises the work undertaken so far by the Commission and sets out possible further actions in this important area. The first of these further actions - the proposed new rules for money market funds – is unveiled today and aims to ensure that MMFs can better...

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