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Member News
Member News
07
Mar
By James D. Rosener & M. Corey Connelly | Pepper Hamilton
Deal activity in the domestic M&A market was extremely robust, with initial reports of the total value of deals consummated in the United States exceeding all recent years other than 2015. Despite the boon of dealmaking last year, market volatility in December 2018 caused concern among deal professionals that activity would slow.
A closer look at deal activity in...
07
Mar
ING today published the 2018 ING Group Annual Report, an integrated report designed to provide a broad range of stakeholders with an overview of our financial and non-financial performance in 2018.
The report includes a detailed explanation of our strategic direction in the 'Strategy and how we create value' chapter, including a value creation model. Chapters including the 'World around us', 'Our business', 'Innovation and transformation', 'People', and 'Risk and capital management' give in-depth...
06
Mar
By Kai-Michael Hingst & Karl-Alexander Neumann | Noerr
The latest political developments have not reduced the likelihood of a “hard Brexit” on 29 March 2019. In this article, we sum up the regulatory consequences of a hard Brexit for cross-border banking and financial services and look at the possibility of outsourcing as an option.
No more passporting after a hard Brexit
A hard Brexit would clearly mean that regulated banking and financial services institutions no longer profit from the “European passport” in cross-border legal...
06
Mar
The Office of the United States Trade Representative (USTR) has announced that India and Turkey will be removed from the list of beneficiary developing countries eligible for duty-free entry under the Generalized System of Preferences (GSP). By law, the President must notify Congress at least 60 days prior to the termination of GSP eligibility and must also notify the involved countries. After the 60 day notification period, the termination of GSP eligibility is enacted by a Presidential Proclamation that...
06
Mar
By Till Steinvorth | Orrick
The Council of the European Union (EU) has adopted a new regulation “establishing a framework for the screening of foreign direct investments into the Union” (the Regulation). This is the first time the EU is equipping itself with a comprehensive framework to monitor investments into EU businesses by investors from outside the EU.
The new rules create a cooperation mechanism where EU member states and the European Commission are able to exchange information and raise concerns. The...
05
Mar
By Fred Crawford, Managing Director, Senior Vice Chair, New York | AlixPartners
I was sitting as an invited guest recently at a board meeting of a multibillion-dollar company, as AlixPartners had been retained to assist them on an important issue. As I was listening and looking around at the board members, I could see the company had done a very good job of building a diverse membership. With regards to ethnicity, gender, and age, the board was quite balanced.
Yet, as I...
04
Mar
By Ronald A Oleynik | Jonathan M Epstein | Antonia I Tzinova | Daniel L Burkard | Hwajeong Kim
HIGHLIGHTS:
The U.S. Trade Representative (USTR), pursuant to Section 131 of the Trade Act of 1974, has requested the U.S. International Trade Commission (Commission) to obtain public comment pertaining to the possibility of a duty-free trade agreement with the United Kingdom covering a range of agricultural products.
As a result of the U.S. federal government shutdown that lasted from Dec. 22, 2018, until...
04
Mar
March 2019 FX OutlookThe dollar rose against most of the major and volatile emerging markets currencies, like the South African rand, Turkish lira, and the Brazilian real in February. The gains were mostly by default as concerns about the strength of the US economy continued to linger. The weakness abroad, especially in Europe, seemed more profound. Trade tensions ebbed as investors correctly anticipated an extension of the US-Chinese trade freeze, while the beginning of the EU-Japan trade agreement coupled...
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