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Member News
Member News
22
Mar
Key Events This Week:
Brexit woes continue but progress made
As another extraordinary week in the Brexit saga comes to a close, we can finally say that some progress has been made, but whether for better or for worse is anyone’s guess.
The EU 27 agreed on a response to Prime Minister May’s request to delay Brexit and avoid a chaotic split on March 29. They gave her two options. First, a short delay until May 22 for the UK to get...
21
Mar
By Marc S. Friedman | Director of Professional Relations| Global Commerce Education
In the last installment in this series, I explained how many non-US companies, including Baltic businesses, may wrongfully refrain from doing business in the US because of Myth #9 - There are no effective ways to control the risks to our business if we come to the US. Today I address the last Legal Myth in this series - Myth #10 It is almost impossible to locate trusted advisers including...
21
Mar
By Timothy S Murray |Christopher Colman
What Is It?
A two-year pilot scheme running in certain divisions of the English High Court, designed to reduce the volume of disclosure documents (discovery) produced in English litigation.
What Will It Mean?
In some cases - most likely smaller ones – the new scheme will result in the disclosure of more documents at an earlier stage in the proceedings. Previously, it was common practice for a limited amount of documentation (such as the relevant contract in...
21
Mar
The United Kingdom’s departure from the EU was scheduled to occur on 29 March 2019. Yesterday, the UK Prime Minister requested the EU an extension of Brexit until 30 June 2019.
Donald Tusk, President of the European Council, responded that the EU would be prepared to allow this, provided that the UK approves the withdrawal agreement between the EU and the UK first. This effectively means that the UK will have to approve the original deal before 29 March 2019...
21
Mar
By Lee Grosse | Vice President, Structured Finance| TMF Group
There has been an influx of foreign investment in real estate in the United States as a direct corollary of the stable legal framework, strong property rights and as well as a robust commercial real estate environment.
But, these foreign investors may not be aware of the mandatory filings required by the United States Bureau of Economic Analysis for US domiciled corporations with 10% or more foreign ownership.
What is the BEA?
The...
20
Mar
As of February 26, 2019, companies and individuals filing for a trademark with the Italian Patent and Trademark Office (“IPTO”), using the dedicated website, will be able to choose a new, optional fast-track procedure.
The key advantage of this new procedure, as defined in the Ministry of Economic Development circular no. 604 of February 6, 2019, is that trademark applications will be published in the IPTO bulletin in a considerably shorter amount of time (within 7 days of filing).
In fact, the standard procedure...
20
Mar
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).
The first article below covers both the USA and Europe.
If a Wealth Tax is Such a Good Idea, Why Did Europe Kill Theirs?
In late January, Senator...
19
Mar
At the heart of Europe and an intrinsic part of the European Union, Germany is an economic powerhouse. Famed for its industry, manufacturing and engineering, it is Europe’s greatest exporter. Its people are highly educated, skilled and motivated, making it a core market for growing businesses.
Founded in Germany in 1785, HSBC Germany offers in-depth local knowledge and financial expertise from its base in Düsseldorf and 11 other locations across the country. With almost 3,000 employees in Germany, backed by...
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