By Floris ten Have | Stibbe On 28 November 2018, the Organization for Economic Cooperation and Development (OECD) held a discussion on excessive pricing by pharmaceutical companies, which is a hot topic in enforcement practice throughout Europe. Over the last few years, excessive pricing in the pharmaceutical industry has attracted the attention of the European Commission and national regulators. So far, it has led to the adoption of infringement decisions in Italy, UK and Denmark and more enforcement action seems on its way. In...

Bennett Jones is pleased to announce that Gordon Cameron has joined Bennett Jones (US) LLP as Principal in New York City. He brings more than 15 years of experience working in New York in the areas of corporate finance, private equity and cross-border transactions where he has developed deep ties to New York’s business and legal communities.   “We grow where our clients need us and have been expanding our presence in key U.S. markets and areas of business, practising exclusively...

 Ed Wallace, co-chair of the New York City office of global law firm Greenberg Traurig, LLP was named number 12 on City & State’s 2018 “Manhattan Power 50” list. Wallace is the highest-ranked practicing attorney on the list. He was honored at an event on Nov. 29 at The Mezzanine where he also delivered the introductory remarks for Gale Brewer, Manhattan Borough President.The Manhattan Power 50 is City & State’s list of key players in the world of New York City government. The Power...

Following the agreement between President Trump and China’s President Xi Jinping to delay new tariff increases for 90 days, The Toy Association continues to strongly encourage members to join the fight against tariffs as there is still work to be done. The White House announced over the weekend that on January 1 it would not increase tariffs on the $200 billion worth of Chinese imports currently subjected to 10 percent tariffs. Instead, the Administration will delay the increase to 25 percent for 90...

Tradewind has provided an $8 million non-recourse factoring facility to a USA-based power solutions company that supplies, installs, and maintains its line of products for the telecom industry nationwide. Tradewind’s funding will support the exponential growth of the power provider by expediting its cash flow so it can keep up with demand and vendor payment. The power solutions company recently entered into a new contract with one of its telecom partners that expanded the territory it serviced for them from...

By Andrew C. Collins| Bannockburn Global Forex, LLC  December 2018 FX OutlookUSD In recent weeks, the market has grown more skeptical of the extent the Federal Reserve will raise rates next year.  It never fully accepted the Fed’s forecasts that implied three rate hikes would be appropriate in 2019.  The fed funds futures strip suggests the market is confident of only one rate hike next year. A rate hike at the December 19 FOMC meeting is widely expected.  To maintain its control...

By Jonathan Lopez | Amy Walsh | Robert Reznick | Daniel Streim | Matthew Moses Last month, Danske Bank A/S – Denmark's largest bank – announced that the United States Department of Justice ("DOJ") has initiated a criminal investigation relating to the bank's Estonian branch. This follows the announcement of a series of high-profile investigations by European regulators and a September 2018 report commissioned by the bank detailing up to €200 billion in potential suspicious payments conducted through the Estonian branch between 2007 and 2015. Several media sources...