Chapter News, News

Towards a European Financial Union and a More Solid European Banking Sector

Speaking at the Peterson Institute for International Economics in Washington, DC, today, EU Internal Market and Services Commissioner Michel Barnier outlined further European integration efforts leading towards a more integrated banking, economic and fiscal union. "Europe will soon be the first region in the world to have translated the Basel III agreement on banks' capital rules into binding law. We will apply these rules to more than 8000 European banks," he pointed out, noting that "it is very important that...

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Member News, News

EACC Member Pepper Hamilton Presenting at Compliance Programs and Anti-Money Laundering Laws Webinar

Pepper Hamilton LLP partner Frank A. Mayer, III will be a presenter for J.H. Cohn's "Compliance Programs and Anti-Money Laundering Laws" webinar on July 19, 2012 from 2:00 - 3:30 p.m. EDT. FinCEN's upcoming deadline for lenders to comply with anti-money laundering laws (AML) is less than one month away. Adhering to the law requires written policies and changes to the origination processes resulting in new and unique issues to lenders. During this webinar, the panel will discuss everything you need...

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Chapter News, News

Cybercrime: EU citizens concerned by security of personal information and online payments

A new Eurobarometer survey shows that Internet users are very concerned about cyber security: 89% avoid disclosing personal information online, and 74% agree that the risk of becoming a victim of cybercrime has increased in the past year. 12% of internet users across the EU have already experienced online fraud, and 8% have fallen victim to identity theft. Nonetheless, 53% have not changed any of their online passwords during the past year. "While ever more people are making the most out...

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Chapter News, News

Eurobarometer: What Europeans think of food security, food quality and the relation between agriculture & the countryside

More than 90% of EU citizens find quality and price an important factor when buying food, and more important than origin (71%) and brand (47%) – indeed they were deemed "very important" by 65% (quality) and 54% (price), according to a new EUROBAROMETER survey on food security, food quality and the countryside, which is published today. Quality labels are important for two-thirds of respondents, and there is an improvement on previous years in the recognition of the different EU quality...

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Chapter News, News

€8.1 billion investment in research and innovation to create growth and jobs

The European Commission has today announced the final and biggest ever set of calls for proposals for research under its Seventh Framework Programme (FP7). In total, €8.1 billion will support projects and ideas that will boost Europe's competitiveness and tackle issues such as human health, protecting the environment and finding new solutions to growing challenges linked to urbanisation and managing waste. The funding – which is open to organisations and businesses in all EU Member States and partner countries -...

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Chapter News, News

Call for Proposals: ‘Transatlantic Civil Society Dialogues EU-USA’

The European Commission has published a call for proposals to support Transatlantic Civil Society Dialogues between the European Union and the United States.  Funding is available for projects that strengthen dialogues on a wide range of issues, including the continuation of the consumer dialogue, a transatlantic development and humanitarian dialogue with a special focus on the security nexus in development, and a transatlantic environmental dialogue focusing on energy issues and climate change. All shall involve a broad set of stakeholders...

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Chapter News, News

The EU’s Single Market at 20 A Catalyst for Jobs & Growth

The single market has been at the core of the European project from the start, and today, instead of being blocked by national borders and barriers, people, goods, services and money move around the EU nearly as freely as they do within a single country.    Between 1992 and 2009, measures creating the single market generated an additional 2.75 million jobs and 2.15 percent in growth in the EU. Today, trade among EU member countries accounts for 17 percent of...

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Member News, News

NautaDutilh and Niaba publish report on market developments in the Dutch biotechnology industry

EACCNY member NautaDutilh and the Netherlands Biotech Industry Association (Niaba) are pleased to inform you that we have published our report on market expectations in the Dutch biotechnology industry. In the report, we describe the major trends and developments in the sector, mainly based on the expectations voiced within the sector itself. The report gives evidence of optimism and concern in the sector. On the one hand, it is expected that high-quality academic research in the Netherlands will lead to...

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Member News, News

Introduction of “Put up or shut up” rule and other amendments to the rules on public offers in the Netherlands per July 1, 2012

Amendments to Dutch public offer rules Important amendments to the public offer rules were recently published and are expected to enter into effect on 1 July 2012. This newsletter highlights the following main changes: introduction of a 'put up or shut up' rule; clarification of the disclosure requirement for offerors; amendment of the rules on the announcement of an 'unsolicited' public offer; the possibility of increasing the offer price more than once; expansion of the exemption from the obligation to make a mandatory offer (the...

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Member News, News

Luxembourg: The new law on SIFs

In anticipation of the implementation of the Alternative Investment Fund Managers Directive (AIFMD) and making mere adjustments to a now well-established and proven fund regime, the law of 26 March 2012 amending the law of 13 February 2007 concerning specialised investment funds (SIFs) has been published on 30 March 2012 in the Luxembourg Official Gazette (Mémorial A-63) and has entered into force on 1 April 2012. The French version of the new law can be viewed here. Our  newsflash of 28...

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