08 May
Member News, Uncategorized

Pepper Hamilton Closes more than 20 Deals in the First Quarter of 2017

Pepper Hamilton today announced results of the deals closed during the first quarter, ending March 31, 2017. The firm counseled on more than 20 deals with combined transaction values in the billions, including a $1.4 billion merger between American Realty Capital – Retail Centers of America, Inc. and American Finance Trust, Inc. “The results of these significant transactions throughout the first quarter are a testament to our commitment to the essentials of our client service — client-centric market knowledge and...

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26 Apr
Chapter News, Uncategorized

Europe Passes Last Hurdle to End Mobile Roaming Fees on June 15

The European Council yesterday adopted the legal act that limits how much mobile operators can charge each other — the final step in the multi-stage, multi-year process for the region’s lawmakers to agree an end to roaming charges for citizens. The ‘roam like at home’ policy will come into affect across the European Union from June 15. A preliminary deal to end charges for EU citizens’ using their mobile device in another European country other than their own was agreed in June 2015. This February final agreement was reached between the executive...

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21 Apr
Member News, Uncategorized

The Foundations of our Freedom: How global institutions uphold our international order

  By Sally A. Painter As the European Union celebrates the 60th anniversary of the Treaty of Rome, it is impossible to ignore that the fate of international institutions in the West is in question. Whether in the form of Brexit, Trump, governments in Hungary and Poland, or populist candidates across Europe, antipathy and distrust towards international institutions and multilateral arrangements has brought new calls for the re-nationalization of state authority, sovereignty, and local identity. How did we get here? International institutions and...

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20 Apr
Chapter News, Uncategorized

Current Challenges to the Euro Area: A German Perspective

Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, Columbia University, New York: Ladies and gentlemen, It is a great pleasure to be here at Columbia University today. It is an excellent occasion to cherish the transatlantic exchange of ideas – something that has accompanied me throughout my entire career and from which I personally have always benefited. For the next half an hour, I am going to talk about the current challenges in the euro area. I...

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19 Apr
Uncategorized

EU priorities for 2017: What Parliament Has Achieved so Far

The European Union is focussing this year on delivering results in areas that matter to all Europeans. EU institutions have agreed on a set of priorities ranging from boosting e-commerce to protecting the environment and strengthening borders. Four months into the year, check out which major legislative proposals MEPs have already approved. At the end of 2016, the European Parliament, Council and Commission signed for the first time a joint declaration setting out a list of legislative proposals that should...

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17 Apr
Uncategorized

The Global Crisis and regional employment in Europe: The performance of sheltered economies

by Ugo Fratesi, Andrés Rodríguez-Pose Prior to the Great Recession, many European regions witnessed the emergence of economies which were impervious to changes in the business cycle (or ‘sheltered’ economies). We know little about how such regions coped with the Global Crisis. This column argues that regions with more sheltered economies performed worse in terms of employment change after the crisis compared to those with more open economies. Regional policy should focus on making lagging regions more open, dynamic, and...

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14 Apr
Chapter News, Uncategorized

U.S. Secretary of Commerce Announces Swiss-U.S. Privacy Shield Framework is Open for Business

Today, U.S. Secretary of Commerce Wilbur Ross announced that the newly launched Swiss-U.S. Privacy Shield Framework is now accepting self-certifications. The Framework provides companies a mechanism to comply with Swiss data protection requirements when transferring personal data from Switzerland to the United States in support of transatlantic commerce. “The Swiss-U.S. Privacy Shield Framework supports U.S. economic growth by ensuring that Swiss and American businesses can transfer data and deliver innovative online products and services under enhanced data protection,” said Secretary Ross. “It...

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09 Jun
Uncategorized

Bruegel Report: The First 18 Months of European Banking Supervision

Bruegel just published a report, prepared by Dirk Schoenmaker and Nicolas Veron with contributions from nine country experts. We believe it to be the first in-depth study of how European Banking Supervision (also known as the Single Supervisory Mechanism) works in practice, a year and a half after its start in November 2014. The report includes a euro-area-level overview, with a general assessment and a lot of data which we hope you will find interesting. The nine country chapters add...

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29 Feb
Member News, Uncategorized

New Tax Measures Announced

The Luxembourg Government presented today a new set of tax measures to be implemented by 2017, known as the 2017 tax reform package. The new measures concern both corporate and individual taxation, with a particular focus on social justice and international competitiveness. The amendments may be summarised as follows: Corporate taxation Decrease of the statutory corporate income tax rate The maximum statutory corporate income tax (”CIT”) rate will be progressively decreased from its current rate of 21% to 19% in 2017 and...

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24 Feb
Member News, Uncategorized

New CPSC Requirements for Self-Balancing Scooters (Hover Boards)

In a recently published letter to “Manufacturers, Importers, and Retailers of Self-Balancing Scooters,” the Consumer Product Safety Commission (“CPSC”) urged the trade to make certain that self-balancing scooters (hover boards) comply with currently applicable voluntary safety standards, including all referenced standards and requirements contained in UL 2272 – Outline on Investigation for Electrical Systems for Self-Balancing Scooters.   In addition, the CPSC indicated that all lithium ion battery products must comply with test requirements under UN/DOT 38.3 Transport of Dangerous...

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