![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
Member News
Member News
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
12
Mar
By Mike Archer & Gavin Rice | FTI Consulting
Eight weeks since the UK Parliament rejected the Government’s negotiated Brexit deal by a historic margin, they have once again voted down the agreement – although with a significantly reduced majority. The Prime Minister responded by declaring that the Government will agree time to debate and vote on motions relating to no deal and on extending Article 50. Despite the defeat, it remains entirely possible that the Government would seek to...
12
Mar
As is the case in many European countries, you can seek a written agreement between creditor and debtor for acknowledgement of the debt that places the creditor in a better position in the event of a dispute. By obtaining a notarial deed between the debtor and creditor that sets out the terms of repayment, the notarial deed would be directly enforceable in the event of a default and the creditor can then start execution without the need to go to court.
Should the parties...
Other Chapter News
