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Member News
Member News
15
Feb
VULCAN VIEW- KEY EVENTS THIS WEEK:
May asks for more time The speculation around Theresa May’s Brexit strategy grew this week when her chief negotiator Olly Robinson was allegedly overheard in a bar in Brussels spilling the beans about her likely intentions. Downing Street tried to downplay the conversation by not commenting on “alleged remarks from a private conversation.” During his reported discussion Robinson said the prime minister will delay a vote until March, forcing MPs to either vote for her deal...
15
Feb
By Debora Revoltella, Head of the EIB Economics Department
An EU technology transformation is needed to boost the economy through innovative finance, better regulation and a stronger single market
Over the last year, concerns re-emerged about the long-term economic outlook in Europe. Investment has been clearly recovering in Europe, thanks to improved access to finance and to monetary policy that has kept interest rates low, but our latest Investment Survey shows that many companies have concerns about the future regarding regulatory issues,...
15
Feb
The continuation of economic and trade relations between Switzerland and the United Kingdom after the UK’s withdrawal from the European Union (Brexit) is assured. Federal Councillor Guy Parmelin and the British Secretary of State for International Trade, Liam Fox, signed a bilateral trade agreement in Bern on 11 February.
The trade agreement signed today by Switzerland and the UK ensures the continuation of the economic and commercial rights and obligations arising from the agreements between Switzerland and the European Union...
15
Feb
By Brahim Benichou, Annemarie Bloemen - Patberg, Terrence Dom, Jacqueline van Essen, Anne Sophie Morvan, Carmen Schellekens, Vincent Wellens
The European Data Protection Board ("EDPB", a cooperation between the EU's data protection authorities and the European Data Protection Supervisor) has published an information note on data transfers under the General Data Protection Regulation ("GDPR") in the event of a no-deal Brexit. The Dutch Data Protection Authority (Autoriteit Persoonsgegevens) has published a Dutch translation and summary on its website. For Luxembourg, this EDPB information may be read in conjunction...
14
Feb
By Richard J Keery & Michal Mrozek | HSBC
Central and Eastern Europe (CEE) is today very much open for business. The transitioning economies of Poland, Czech Republic, Slovakia, Hungary and Romania in particular have attractive long-term growth prospects which make this region an ideal international base.
CEE can also count on political stability, improving infrastructure and a highly-skilled workforce. Combined with its freemarket economic principles, and wide geographical spread, this is a prime location for international investment.
HSBC has a distinct presence in...
14
Feb
By Barbara Timková and Jan Gerych of Wolf Theiss and Roger James of Ogletree Deakins
The status of employment contracts concluded between board members and companies has been clarified by a decision by the Supreme Court of the Czech Republic after many years of twists and turns in case law and legal interpretation. The Court has held that board members and companies may, under certain conditions, agree that their relationship should be governed by rules of the Czech Labour Code,...
13
Feb
The current state of preparations by individual EU-27 and EEA countries to secure the continued rights of British citizens in the event of a no-deal Brexit scenario are in the majority well advanced. However, there is significant variation from country to country, with little consistency in approach between them.
Amongst most of the Member States there exists a clear willingness to secure British citizens’ rights post-Brexit within their borders, with no country making an outright declaration against such a move. What is also...
13
Feb
Faced with heavy container backlog at its shared rail terminal after higher-than-expected cargo volumes, APM Terminals in the Port of New York and New Jersey is ramping up efforts to migrate. The terminal operator is draying cargo to an intermodal yard outside the port and sending containers by barge to a rail terminal in Norfolk. The two initiatives are part of the terminal’s ongoing efforts to reduce the container piles that have packed the terminal since October as a...
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