12 Jul
Chapter News, News, Trade & TTIP Related

EU & U.S. conclude first round of TTIP negotiations in Washington

The first week-long round of talks for an EU-U.S. Transatlantic Trade and Investment Partnership (TTIP) comes to a closure today in Washington. “It’s been a very productive week,” said EU Chief Negotiator Ignacio Garcia-Bercero coming out of the talks. “We have been striving already for many months to prepare the ground for an ambitious trade and investment deal that will boost the transatlantic economy, delivering jobs and growth for both European and Americans. This week we have been able to...

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11 Jul
Chapter News, News

EU and industry join forces to invest €22 billion in Research and Innovation

The European Commission, EU Member States and European industry will invest more than €22 billion over the next seven years in innovation for sectors that deliver high quality jobs. Most of the investment will go to five public-private partnerships in innovative medicines, aeronautics, bio-based industries, fuel cells and hydrogen, and electronics. These research partnerships will boost the competitiveness of EU industry in sectors that already provide more than 4 million jobs. They will also find solutions to major challenges for...

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11 Jul
Chapter News, News

The European Commission and the CFTC reach a Common Path Forward on Derivatives

European Commissioner Michel Barnier and United States Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today announced a Path Forward regarding their joint understandings on a package of measures for how to approach cross-border derivatives. Commissioner Barnier said that “our discussions have been long and sometimes difficult, but they have always been close, continuous and collaborative talks between partners and friends.” Chairman Gensler said, “With these joint understandings, together, we’ve taken another significant step in our mutual journey to bring transparency...

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10 Jul
Chapter News, News

Commission Proposes Single Resolution Mechanism for the Banking Union

The European Commission has today proposed a Single Resolution Mechanism (SRM) for the Banking Union. The mechanism would complement the Single Supervisory Mechanism (SSM) (IP/12/953) which, once operational in late 2014, will see the European Central Bank (ECB) directly supervise banks in the euro area and in other Member States which decide to join the Banking Union. The Single Resolution Mechanism would ensure that – not withstanding stronger supervision – if a bank subject to the SSM faced serious...

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10 Jul
Member News, News

EACC Member Portolano Cavallo Wins 3 Awards at Europe Women in Business Law Awards 2013

These awards, given by Euromoney Legal Media Group’s, reward law firms fostering the development of women in the legal profession and providing programs that allow professional growth and personal and family life balance. Portolano Cavallo has won in the following categories: >> Best firm in Italy, for the second year in a row >> Best Gender Diversity Initiative by National Firm, European award >> Best National Firm for Talent Management, European award These awards are the result of our beliefs and policies on diversity,...

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10 Jul
Member News, News

New Instruments to Invest in Innovative Start-ups in Italy

New instruments of equity investment have been recently introduced by the Italian legislator to stimulate and encourage the growth and development of innovative start ups. Below is a brief overview of these newly-available instruments. Classes of quotas of innovative start ups Unlike joint stock companies, limited liability companies have always been precluded from the opportunity to issue separate classes of quotas. They could only assign special rights to their quotaholders in relation to the management of the company and the distribution of...

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09 Jul
Member News, News

Littler Unveils 2013 Executive Employer Survey Results

EACCNY Member Littler Mendelson is pleased to release the results of its second annual Executive Employer Survey, which can be found here. The survey results provide insight into how current economic conditions and workplace policy changes during President Barack Obama's second term are impacting the perceptions, actions, and priorities of in-house counsel, human resources professionals and C-suite executives with regard to labor and employment issues. We hope you find this report informative, and a special thanks to those who participated. If...

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08 Jul
Member News, News

ESMA Final Report on Key Concepts of AIFMD

The European Securities and Markets Authority (“ESMA”) issued a final report entitled “Guidelines on Key Concepts of the Alternative Investment Fund Managers Directive (AIFMD)” (the “Report”). Brought to you by EACC member Mason Hayes & Curran The publication of the Report follows the publication of a discussion paper in February 2012 on key concepts of the AIFMD and types of Alternative Investment Fund Managers (“AIFM”) which was then followed by the publication of a consultation paper (the “CP”) issued in December...

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08 Jul
Chapter News, News

The Trade Dream – and the Reality

By Karl-Theodor zu Guttenberg and Pierpaolo Barbieri Where are the NAFTA haters now? The North-American Free Trade Agreement (NAFTA) will be 20 years old in 2014 and all those who predicted it would bring about disaster have long gone silent. NAFTA boosted intra-North American trade despite a painful initial adjustment, pushing its members to improve competitiveness and focus on their comparative advantages. Mexico is now a manufacturing powerhouse and a North American energy revolution only furthers the bloc’s global competitiveness. Something similar...

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03 Jul
Member News, News

Stylewhile offers inspiration for online shopping

Online fashion shopping sprees can result to clothing piling in your drawers that don’t either fit or match together. Does this sound familiar? Stylewhile,  a Finnish fashion startup and EACCNY member, offers a solution to make online shopping easier more succesful by creating a virtual fitting room. Now, the company is in search of business partners to cooperate with in the United States. “Stylewhile enables users to virtually try on clothes they are interested in buying on a model with...

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