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Member News
Member News
18
Mar
By Mike Archer, Director Public Affairs, Strategic Communications | FTI Consulting
On Wednesday 20th March 1,000 days will have passed since the UK held an historic vote to leave the European Union. 1,000 days filled with accusations and counter-accusations; procrastination followed by sudden acceleration; anger, frustration and despair; and, of course, soundbite after soundbite. But perhaps most of all, 1,000 days of uncertainty for business and citizens across the European continent. When the headlines are written this week, will they...
15
Mar
Key Events This Week:
Third time lucky for the PM’s deal?
In what was another dramatic week in the House of Commons MPs decisively rejected the Prime Minister’s deal and on Wednesday moved to rule out a No Deal scenario in all eventualities. However, the latter was non-binding as the legal default remains that a No Deal outcome can only be removed by Westminster either voting for a Withdrawal Agreement, choosing to unilaterally revoke Article 50 or extending the negotiating...
14
Mar
By Till Steinvorth and Boris Marschall | Orrick
In a landmark judgment (Case C‑724/17, Vantaa vs. Skanska Industrial Solutions and others), the European Court of Justice (ECJ) decided on March 14, 2019 that companies cannot use corporate restructuring to escape their liability for cartel damages.
Background
The Skanska case concerned a cartel in the asphalt market in Finland. Seven companies were ultimately fined for their participation in the cartel. After the cartel became public, the municipality of Vantaa, which had bought asphalt during the cartel...
14
Mar
By TH International Trade
The Office of the U.S. Trade Representative (USTR) has released President Donald Trump’s 2019 Trade Policy Agenda and 2018 Annual Report, detailing how the Trump administration’s trade policies “are benefitting American workers and contributing to the strongest economy in decades.” Claiming that the Trump administration “inherited a significantly flawed trading system,” the report states that the administration “took immediate and decisive action to implement a new trade agenda.”
The USTR indicated that it “and other parts of the Administration...
13
Mar
By Alex Denny, Emma Vennesson, Katherine E. Newman, Philip Novak | Faegre Baker Daniels LLP
If Accrued Holidays Are Not Used, Will They Be Lost?
In the cases of Kreuziger v Berlin (C-619/16) EU:C:2018:872 and Max-Planck-Gesellschaft zur Forderung der Wissenschaften eV v Shimizu (C-684/16) EU:C:2018:874, the European Court of Justice (ECJ) considered the right to payment for accrued but untaken holidays on termination of employment under EU law. As a current EU member state, the U.K. must interpret national legislation as...
13
Mar
When expanding into and operating across Europe, US companies need to navigate an entirely different legal landscape and address a number of key issues that impact the success of the business overseas. With a view from Brussels in the “center of Europe”, this checklist covers many of the key legal issues companies encounter when doing business in the EU. With Brexit looming on the horizon, we’ve also addressed some of principal ways this will impact companies trading in the...
13
Mar
On 10 January 2019, the Italian Government enacted the Legislative Decree No. 14 of 2019, also known as “Code for Distressed Companies and Insolvency” (the “Code”). The Code aims to allow early detection of a financial “crisis” and prevent future insolvency. When such prevention fails, the Code also aims to handle insolvency with the goal of overcoming distress and return to profitability. The Code’s provisions will take effect 18 months after its publication in the Italian Official Journal (Gazzetta...
13
Mar
Dr. Sam Natapoff, President of Empire Global Ventures, talked on Bloomberg following U.S. Trade Representative Robert Lighthizer’s testimony on China and the U.S Trade War.
Listen the podcast HERE
Compliments of Empire Global Ventures, a member of the EACCNY
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