The EU rules require issuers of securities on regulated markets must disclose certain key information to ensure transparency for investors. The Regulation (EU) 2018/1212 (the “Regulation”) implements these new rules embodied in the Directive 2007/36/EC regarding shareholder identification, the transmission of information and the facilitation of the exercise of shareholders’ rights (the “SRD”). The Implementing Regulation entered into force last September 24, 2018 and shall apply as of September 3, 2020. According to the SRD and its Amendment, the Regulation is...

FT INNOVATIVE LAWYERS: MAXIMUM RECOGNITION FOR LEGAL INNOVATION Cuatrecasas receives the award for the most innovative firm in Continental Europe The only firm in a non-English speaking country in the top 10 of European legal innovation The firm also earns the top awards in the “Strategy & Changing behaviors” and “Collaboration” categories Honorable mentions in “New products & services,” “Technology” and “New business & service delivery models” Jorge Badía, the firm’s Managing director, recognized as one of the top...

Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, again made Fortune Magazine’s 2018 Change the World list, an annual recognition of companies that have a positive social impact through their core business strategy. DSM was featured for the third consecutive year. This week Sustainalytics also recognized DSM when it named the company the leader in ESG (environmental, social and governance) within the chemicals industry for the second year in a row. DSM’s approach as a purpose led company is now widely...

VULCAN VIEW- KEY EVENTS THIS WEEK: BREXIT Tory disunity increasingly evident at party conference The growing divisions within Theresa May’s conservative party were acutely evident at this week’s Conservative Party Conference, which saw activists queueing around the block for fringe events while the main hall went unfilled for cabinet speakers. At one such fringe event, former foreign secretary Boris Johnson gave a speech intended to set him up as a prime candidate to succeed Teresa May at number 10. However, while he may have...

By Karen A. Tramontano To understand where the 2018 U.S. midterm elections may be headed, it helps to understand what voters were doing in 2016. Conventional wisdom holds that voters were angry and that only Trump understood that voters were angry—and it was these angry voters who determined the election’s outcome. What pundits fail to acknowledge is that a significant percentage of voters in every election are angry and most, if not all, candidates understand why they are angry. Typically, candidates try...

After a brief break higher in August in response to the situation in Turkey and global trade uncertainty, September saw the USD trade essentially the same range as July. The fading of trade concerns removed the bid from the USD in late August and early September, and the more positive equity market tone generally worked against the USD versus both emerging markets and the EUR and GBP, in part because of the correlation of European equity markets with emerging...

The Ecofin agreed on several VAT measures fixing some practical issues currently affecting EU trade of goods. In addition, the Ecofin decided to align the VAT rates for electronic and physical publications and reached agreement on some new anti-fraud measures. 1. Quick-fixes Four 'Quick-fixes’ are introduced to the VAT-system, improving cross-border Business to Business trade in goods within the EU. These adjustments will apply from 1 January 2020. VAT identification number / EC sales listing - additional conditions to apply the...