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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23 Feb
Member News, Uncategorized

UK companies/LLPs – New requirement to publicly disclose beneficial ownership

What is this PSC register everyone's talking about? The register of people with significant control (the PSC register) is a register of individuals or legal entities that have significant control over UK companies and UK LLPs. It has been introduced under the Small Business, Enterprise and Employment Act 2015 with the purpose of identifying the ultimate beneficial owners and controllers and making their holdings public.  The new requirement is intended to increase corporate transparency with the aim of combatting money...

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16 Feb
Member News, Uncategorized

Employment Opportunity – Global Professional Search

Global Professional Search have recently been asked to find a large number of full time, entry-level positions to fill for one of their clients who is a prominent, world-renown, multinational company in the telecom space. Specifically, these are sales positions in Manhattan that require fluency in Persian and English, or Armenian and English. If you know some recent graduates who are looking for permanent work, or people with good tentacles into these heritage communities, the job description is below to...

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11 Feb
Member News, Uncategorized

Recent lifting of the EU nuclear-related sanctions against Iran: some business restrictions still apply!

Further to the verification by the International Atomic Energy Agency (IAEA) that Iran has implemented the agreed nuclear-related measures as set out in the Joint Comprehensive Plan of Action (JCPOA), the Council of the European Union terminated all EU nuclear-related economic and financial sanctions on 16 January 2016 (I). This statement does not however mean that all business restrictions sanctions have ceased to apply to Iran. Some proliferation-related sanctions and restrictions against Iran will indeed still be applicable while...

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