Member News

Member News
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...
12
Feb
By Adam Kalbfleisch, Kyle Donnelly and Alysha Pannu | Bennett Jones
On January 31, 2019, the Competition Bureau announced the 2019 size of transaction pre-merger notification threshold under the Competition Act would increase to $96 million (the 2018 threshold was $92 million). Acquisitions may be subject to mandatory pre-notification where the aggregate value of the target firm's assets in Canada, or the gross revenues from sales in or from Canada generated from those assets, exceeds the size of transaction threshold. The size...
12
Feb
As the threat of additional tariffs on Chinese imports looms with the U.S.-China “tariff truce” scheduled to end on March 1, last week The Toy Association co-led a special Washington, DC fly-in event with the Americans for Free Trade Coalition. Over the course of two days, nearly two dozen toy industry executives joined other industry participants to urge government officials to oppose tariffs on Chinese imports and help small businesses across the country.
Representatives from member companies including LEGO Systems Inc.,...