News | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

06 Jun

All eyes on Finnish startups – boosting foothold in the US market

Posted by EACCNY
June 6, 2013

Some 60 people gathered at the residence of the Consul General of Finland in New York Jukka Pietikäinen for Finnish Growth Company Showcase on Thursday, May 23. The evening reception was organized by Commercial Attaché Silve Parviainen together with Tero Kuittinen from Alekstra and Miikka Lehtonen from Aalto University. The program included presentations from seven growth companies interested in reinforcing their presence in the US market. In fact, the program was so interesting that the guests were willing to brave a...

04 Jun

Member News, News

GSP Currently Set to Expire Next Month

Posted by EACCNY
June 4, 2013

The Generalized System of Preferences (GSP) trade program is scheduled to expire on July 31, 2013. Under GSP, thousands of products originating in over 100 developing countries are eligible for duty-free entry into the United States. Since its inception in 1976, GSP has been renewed periodically by Congress. However, there have been a number of instances in which the program has been allowed to lapse, meaning that Congress failed to renew the program prior to the expiration date. Most recently,...

04 Jun

Chapter News, News

EU and U.S. Legislators Meet in Dublin

Posted by EACCNY
June 4, 2013

From May 31 to June 1, 2013, members of the U.S. House of Representatives and the European Parliament met in Dublin, Ireland, for the 74th inter-parliamentary meeting of the Transatlantic Legislators’ Dialogue (TLD). The TLD fosters discussion and collaboration between the European Parliament and the US Congress on specific topics of mutual concern. During the meeting in Dublin, legislators focused on issues including shared economic and financial challenges, upcoming negotiations on a Transatlantic Trade and Investment Partnership, legislative developments relating...

04 Jun

Chapter News, News

Portugal Secretary of State of Finance Visits the NYSE

Posted by EACCNY
June 13, 2013

Manuel Luis Rodrigues, Secretary of State of Finance, Portugal, visited the New York Stock Exchange (NYSE) on Tuesday, June 4 as part of NYSE Euronext’s inaugural Pan European Days, a program that was organised in partnership with EACCNY. To mark the occasion, Mr. Rodrigues was joined by European company executives and officials, including EACCNY President James Rosener, in ringing The Opening Bell®. Sponsored by NYSE Euronext and in partnership with the European American Chamber of Commerce New York as well as...

24 May

Member News, News

Pepper Hamilton Client Alert: Landmark Swap Rules Adopted by CFTC

Posted by EACCNY
May 24, 2013

At its Twenty-Ninth Meeting to consider rulemaking under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2012 (Dodd-Frank) on May 16, 2013, the U.S. Commodities Futures Trading Commission (CFTC) adopted three final rules that make significant progress towards completing its rulemaking agenda. CFTC Chairman Gary Gensler commented, "Today the CFTC is voting on reforms that will make public transparency in the swaps market a reality ... Though many of the 52 rules we have completed before today have...

21 May

Chapter News, News

EU Trade Commissioner in New York City Highlights Global Benefits of Transatlantic Trade & Investment Partnership

Posted by EACCNY
May 21, 2013

EU Trade Commissioner Karel De Gucht in New York City discussed the Transatlantic Trade and Investment Partnership. In his speech to the European American Chamber of Commerce, he stressed that removing transatlantic trade barriers will deliver major benefits to the European Union and the United States, boosting economic growth and stimulating business confidence. Noting that uncertainty about the economic future has held companies back from investment decisions, he also pointed out that an agreement would send a powerful signal that...

20 May

Member News, News

Mason Hayes & Curran wins Irish Law Firm of the Year 2013 & Client Service Law Firm of the Year 2013

Posted by EACCNY
May 20, 2013

Client Service Law Firm of the Year 2013 The 'Chambers Europe Awards for Excellence' are presented annually and recognise outstanding law firms and legal professionals. The "Client Service Law Firm of the Year” is based on feedback and recommendations made by clients. This accolade is particularly coveted as awards are only presented to select firms and we were one of only eight firms in Europe to receive this honour. Feedback from clients included: “The firm gives great strategic input and wants to...

20 May

Member News, News

$45 Million Cyber-Attack Is Object Lesson from Verizon Study Showing No Business Is Safe, but Financial Institutions Bear Big Data Breach Risk

Posted by EACCNY
May 20, 2013

Newspapers around the world recently reported that a sophisticated and well-coordinated cyber-attack resulted in the theft of $45 million from thousands of ATMs worldwide. The incident accentuates the conclusions of Verizon's 2013 Data Breach Investigation Report (DBIR), compiled by a global team of government and private organizations analyzing computer security incidents over the past year. This annual report shows that companies of all sizes and types are likely to experience some sort of data breach - if they haven't...

16 May

Chapter News, News

AIFMD: Irish Regulator Now Accepting Applications

Posted by EACCNY
May 16, 2013

On 15 May 2013, the regulator of the funds industry in Ireland, the Central Bank of Ireland (the “Central Bank”), announced that it is now accepting applications under the Alternative Investment Fund Managers Directive (the “AIFMD”). The Central Bank also published the relevant Application Forms, as well as its AIF Rulebook, making it the first regulator in Europe to provide such clarity on its approach to applications under AIFMD. The AIF Rulebook details the requirements relating to alternative investment funds...

14 May

Member News, News

“Entrepreneur visas” and Other New Measures in France to Support Enterprise

Posted by EACCNY
May 14, 2013

Following the “Assises de l’entrepreneuriat” – an entrepreneurship round table initiated by Ms. Fleur Pellerin, France’s Minister Delegate for SMEs, Innovation and the Digital Economy – a wide range of enterprise-friendly reforms are to be introduced, most of which will take effect in 2014. The principal aim of these measures is to help SMEs grow and to support founders of innovative startups. “Innovative new companies” and funding for companies in disadvantaged areas Six hundred “innovative new companies” (jeunes entreprises innovantes– JEIs)...

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