Many businesses and contractors who’ve worked for large companies may find themselves waiting and waiting to receive payment by the year’s end. Despite having delivered their products and services on time — and filed their invoices accordingly — employers can be left scrambling to meet payroll deadlines and pay suppliers when December 31st rolls around and they haven’t seen a dime from the larger companies with whom they’ve collaborated. How come some companies hold out so long to make good on their contracts?...

2016 was a turbulent and busy year, not least in respect of legal and regulatory changes that may impact your business. Arendt & Medernach is pleased to provide you with an overview of the major legal and regulatory developments under Luxembourg and EU law.The company hope that this short flashback will enable you to keep track of the main legal trends which marked 2016 and those which we reasonably anticipate will arise in the near future. Read the report here Compliments of...

On November 29, 2016, France’s National Assembly adopted the text of a bill (the “Bill”) that, if enacted, would create new due diligence obligations for large French companies regarding their subsidiaries’ and supply chain members’ labor practices.1  Under this Bill, covered companies must create and implement a “vigilance plan” to identify and prevent “serious violations of human rights and fundamental freedoms and the health and safety of people and the environment”2  Championed by President François Hollande and his Socialist...

The EACC in partnership with the International Property Tax Institute (IPTI) wants to keep members up to date with the latest developments in property taxes both in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts. This report includes Greece, the United Kingdom, and the United States with a focus on New York. In addition, there are some brief notes about wealth tax in France and Spain along with property...

Virtual Reality (“VR”) and Augmented Reality (“AR”) are relatively new forms of experiential content, and have the potential to appeal to a mass market. There is a tremendous opportunity for those who have the ability to create VR and AR content and entertainment to drive value through storytelling and creating immersive experiences. VR storytelling and experiences can create a tangible and visceral account of events, giving the viewer the experience of actually being in the shoes of others and seeing the...

Industrial REITs on the Nice List; Continue Strong Performance Industrial REITs continue to please investors as they hit their second-highest YTD return for 2016 at 24.98%. While industry professionals have raised concerns that supply and demand issues may plague the next 12-24 months, the industrial sector has been noticeably active as it has posted high aggregate occupancy and low delinquency rates. Karina Estrella, an analyst at Trepp, reports that.. Compliments of Trepp - a member of the EACCNY

Tax Reform On 14 December 2016, Luxembourg parliament adopted the bill of law on tax reform including the gradual corporate income tax reduction of 3 percentage points. Our tax newsletter of 29 July 2016 reports on the most relevant measures. All of these measures were adopted without modification vis-à-vis the original bill of law. The tax reform measures are generally applicable as of the tax year 2017, with some exceptions.  Country-by-Country reporting Further, on 13 December 2016, Luxembourg parliament has adopted the bill...

An International Summit On Greece in New York Featuring Top US Investors, Global Investment Banks & Institutions and the Greek Government Extroversion and direct communication with the global financial, business and investment community are necessary in order to attract foreign investments and put the Greek economy back to a growth trajectory. In this context, for the 18th year in a row, the Capital Annual Invest in Greece Forum took place in New York City on Monday December 12, 2016. The...