By Paul Wilden | Head of Capital Markets Services Change is coming to the European securitization market. Some of the changes and new regulations are clear and relatively easily implemented, while others remain vague and will probably have a high impact on business process. It’s no secret that securitization products played a big role in the US subprime mortgage crisis of 2007 - complex, opaque and lightly differentiated securitization led to a market meltdown. The effects of the crisis are still...

By Melissa Claessens Belgium has an attractive special tax regime for foreign executives and specialised employees temporarily employed in Belgium. 8 August was its 35th (!) anniversary. Since that day in 1983 the currently applicable regime has been set out in a Tax Letter. Although the tax regime is very attractive, it is not flawless and the reshaping of Belgian income taxes, over the past years, also had its impact. In the coming weeks, we will highlight and summarise the main...

Although legal collections in France tend to be expensive for a creditor, they can result in a judgment far in advance of the time required in the United States to secure a similar remedy. To begin with, it should be noted that the statute of limitations on B2B claims is five years, whether there is an existing contract or not.  It should also be noted that in the absence of a contractual provision, the statutory interest rate in France is...

By Yves Van Couter  The EU – US Privacy Shield was adopted in July 2016 as a replacement of the Safe Harbor regime, which was struck down by the EU Court of Justice (“CJEU”). Both regimes secured the transfer of personal data between the EU and the US. In order to receive personal data from the EU for commercial purposes, and in the absence of another legal ground for such data transfer, US companies have to self-certify with the US...

By Darrel H. Pearson and Margaret M. Kim On August 14, 2018, the Canadian government undertook public consultations to examine whether imports of seven steel products warrant safeguard action.1 The products under review are: steel plate, concrete reinforcing bar, energy tubular products, hot-rolled sheet, pre-painted steel, stainless steel wire, and wire rod (product description including HS codes are found in the Annex to the Department of Finance Notice). Consultations will address whether the named steel products are being imported in such increased quantities as to “cause or...

Reavis Page Jump LLP is pleased to welcome their new Associate Jill Kahn Marshall RPJ Associate Jill Kahn Marshall practices in the areas of employment and labor law, litigation, arbitration, mediation and dispute resolution, as well as workplace training, compliance and best practices.  Ms. Marshall assists the firm's clients in matters involving claims of employment discrimination and harassment in the workplace, conducts sexual harassment prevention training, and provides advice to companies and individuals concerning employment and separation agreements, handbooks and other employment materials. Compliments of Reavis Page Jump...

EY today announces plans to invest US$1 billion in new technology solutions, client services, innovation and the EY ecosystem over the next two financial years, commencing from July. This move is part of an ongoing strategy to provide clients and people with innovative offerings using the latest disruptive technologies. The new US$1b funding is in addition to the existing, significant annual technology investment. The investment will be used to create new technology-based services and solutions in areas such as financial...

By Kara M. Bombach, Renee A. Latour, Cyril T. Brennan, Sonali Dohale and Daniel E. Parga After passage with overwhelming bipartisan support, on August 13, 2018 President Trump signed the Foreign Investment Risk Review Modernization Act (FIRRMA) into law. The new law reforms and expands the foreign investment review process of the Department of the Treasury’s Committee on Foreign Investment in the United States (CFIUS or the Committee), an inter-agency committee tasked with reviewing the national security implications of foreign investment in the United States. Among...