Chapter News, News

EU Plan to Bolster Defense and Security

While defense policy and decisions on military capabilities are matters for national governments in the European Union, the EU still plays a significant role in the defense and security sector through the development of civilian and military capabilities for conflict prevention and crisis management. In July 2013, the EU launched a new action plan to take advantage of European level efficiencies and capacity to promote a more effective and cohesive European defense and security sector. “In times of scarce resources, cooperation...

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Chapter News, News

EU Priorities for the G20 Summit in St.Petersburg on September 5-6, 2013

The European Commission President Jose Manuel Barroso and the European Council President Herman Van Rompuy have sent a joint letter to the EU heads of state and government on the key discussion points at the G20 Summit in St.Petersburg on September 5-6, 2013. The letter says that the EU intends to work together with its G20 partners and focus on such priorities as stimulating economic growth and employment, implementing financial regulatory reform, curbing tax avoidance and evasion, reforming the international...

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Member News, News

NautaDutilh Brussels publishes report on expectations in the Belgian private equity and venture capital sector

EACCNY member, NautaDutilh Brussels office published its first report on expectations in the Belgian private equity and venture capital sector. In addition to charting market expectations, the report highlights a number of specificities of the Belgian market, such as the importance of the life sciences and energy sectors, distressed M&A, and family businesses. A total of 57 respondents, including private equity and venture capital professionals, bankers, corporate finance advisors, and university professors, completed our online survey and provided valuable feedback. The...

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Chapter News, News

Electric Vehicles & Smart Grids: First EU-US Interoperability Centre in Chicago opens for business

The first of the twin centres designed to promote common standards in electric mobility and smart grids on both sides of the Atlantic was today inaugurated near Chicago. Converging standards and interoperability between smart grids and electric vehicles will allow for deeper penetration of renewable energies in the electricity systems, thus facilitating the way to a low-carbon economy. Technology harmonisation will drive product and service innovation in the two world’s largest economies and could prove instrumental in establishing global...

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Member News, News

NCTF Theaters receive $250,000 grant from the Ford Foundation to fund new work

EACC New York member, the National Corporate Theatre Fund reports that the 50th anniversaries of five NCTF theatres, Actors Theatre of Louisville, The Guthrie, Hartford Stage, Seattle Rep and Trinity Rep, garnered a $250,000 grant from the Ford Foundation to fund new work.   This support celebrates the role of the Foundation in kicking off the regional theatre movement in full force 50 years ago, and we were delighted that Luis Ubiñas, President of Ford, bestowed our Achievement in Theatre...

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Member News, News

Make the impossible, possible; Solar Impulse and the new frontier for aviation

Soaring through the sky, using not a single speck of conventional fuel, Solar Impulse achieved its fourth world record in July as it successful flew from coast to coast across America. With the weight of a car and the wingspan of a 747, Solar Impulse, as stated by Bertrand Piccard, “was not built to carry passengers but to convey messages.” In hangar 19 of JFK on the 13th of July one could feel the excitement in the air as...

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Chapter News, News

Statement by Vice President Rehn Ahead of the G20 Finance Ministers and Central Bank Governors Meeting in Moscow

“As I will tell the G20 Finance Ministers and Central Bank Governors in Moscow today, the EU economy is slowly emerging from the recession. We enter the second half of 2013 against a backdrop of stabilizing economic activity and improving confidence, with short-term indicators now consistently confirming a gradual move into positive territory. This points to a resumption of growth in the second half of the year. We also expect modest employment growth in 2014. However, unemployment remains at unacceptably...

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Member News, News

Pepper Hamilton Client Alert: Club Deals: Analysis of Legal Risks and Potential Consequences

This article analyzes the legal risks and potential consequences of private equity firms collaborating with one another to create consortiums or so-called "clubs" to jointly bid for acquisition of a publicly listed target company. These kind of transactions are more commonly referred to as "club deals" in the mergers and acquisitions world. From 2003 through 2007 club deals became a staple of the leveraged-buyout (LBO) industry. With the rise of clubs, many large-cap companies came within the reach of...

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Chapter News, News

Opinion: Banking Must Pursue the Holy Grail of Confidence

By Sir Evelyn de Rothschild The single most important commodity traded in the City of London is confidence. The public, bankers and the markets need to believe that the UK will continue to be a global financial centre. They must have trust in the quality, ethics and skills of its bankers. And they must believe in the wisdom and careful regulation of its government. Without confidence, it will be impossible to achieve the “twin challenges of engineering a recovery and reforming...

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Chapter News, News

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

July 2013 Economic, monetary and financial situation Agreement on the operating procedures for an exchange rate mechanism in Stage Three of Economic and Monetary Union On 21 June 2013 the European Central Bank and the national central banks of the Member States whose currency is not the euro signed an agreement amending the Agreement of 16 March 2006 between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange...

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