Key Events This Week Boris Johnson wins race to become UK’s next Prime Minister Boris Johnson was elected leader of the British Conservative Party and became the seventy-seventh Prime Minister of the UK on Tuesday. The former Mayor of London was a clear favourite from the outset and beat rival, former Foreign Secretary Jeremy Hunt, by 92,153 votes to 46,656 – an overwhelming 66% of the vote. In his acceptance speech, Johnson reiterated his campaign mantra: “Deliver Brexit, unite the country and...

CJ rules that the concept of final losses of a non-resident subsidiary does not apply to a sub-subsidiary unless all the intermediate companies between the parent company applying for group relief and the sub-subsidiary sustaining losses that could be regarded as final are established in the same Member State (Holmen) On 19 June 2019, the CJ issued its judgment in the case Holmen (C-608/17). This case deals with the question whether a Swedish parent company has the right, on the basis...

On Friday, August 2, Empire Global Ventures will be hosting a wellness panel in partnership with the Southampton Arts Center.  Alexandra Stanton, CEO of Empire Global Ventures, will lead the discussion about innovations in cognitive health and maternal care. The featured speakers will Dr. Wendy Suzuki, NYU neuroscientist, TED Speaker, and founder of BrainBody; and Dr. George Mussalli, Mt. Sinai obstetrician, co-founder of Village OB, and co-founder of Manhattan Maternity.   The event will be from 5:00-7:00 PM. If you would like to attend, please...

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).   USA California: LA County Hauls In Record $1.6 Trillion In Property Tax Assessments Los Angeles County brought in a record $1.6 trillion in property tax assessments this year...

During her five-year term as European commissioner for competition, Margrethe Vestager has earned a reputation for going hard after U.S. tech companies. This position had traction in certain European political circles and, with the support of the French government, meant she was a leading candidate for the position of commission president. Nevertheless, it was the German Ursula von der Leyen who was confirmed by the European Parliament on July 16, 2019 as new president of the commission, taking office...

The UK’s universal language of business, highly skilled employees and wealth of opportunities across many thriving industry sectors position it as a hotbed for foreign investment. After opening our first office in London over 150 years ago, the UK has become home to the global headquarters of the HSBC Group, where an extensive branch network supports the needs of personal and business customers. The shape of this business in the UK continues to evolve, as our UK head office gets...

The U.S. Department of State announced last week that it has updated its immigrant and nonimmigrant visa application forms - including for J-1 visas - to request information about social media accounts. A drop-down list of social media platforms now appears on the Form DS-160 nonimmigrant application, as well the Form DS-260 immigrant visa application, according to NAFSA. Applicants are asked to list all usernames or handles used on those platforms over the past five years. Image courtesy of NAFSA The updated visa application also...

Key Events This Week Von der Leyen Secures Commission Presidency On Tuesday MEPs narrowly ratified Ursula von der Leyen as the new President of the European Commission – making her the first woman to fill the EU’s top job. The former German Defence Minister won ratification by a margin of just 9 votes. Von der Leyen pledged to put forward a “green deal for Europe” in her first 100 days in office, including legislating for net zero emissions by 2050 and...