The European Commission has commenced investigations into so called 'tax rulings' issued by several Member States. These rulings include comfort letters issued by (national) tax authorities giving a specific company clarity on how its corporate tax will be calculated or on the use of special tax provisions applicable to their specific situation. In general, tax rulings may involve state aid within the meaning of EU rules if they are used to provide selective advantages to a specific company or...

Goldberg Segalla partner Joseph M. Hanna recently received honors that underscore both his prominence as a commercial litigator and his steadfast drive to promote diversity. The accolades reflect our firmwide commitment to raising the standards of legal practice as well as advancing diversity and inclusion in the legal and business communities. Joe earned special placement among the Top 10: Best of the Best in Business First’s 2014 Legal Elite of Western New York, an exclusive list of the area’s most accomplished...

Dutch Mortgage Funding Company (DMFCO) launched a platform which enables institutional investors to directly invest in Dutch residential mortgage loans. Three large pension funds have agreed to invest over EUR 1.7 billion. NautaDutilh, a member of the EACCNY, acted as counsel to DMFCO and the pension funds and was responsible for the legal, regulatory and tax structuring and all documentation. Together with three large Dutch pension funds, Pensioenfonds Metaal and Techniek (PMT), Pensioenfonds voor de grafische bedrijven (PGB) and Pensioenfonds...

TK Markets Inc. has changed its name to BOS Container USA Inc. to better reflect the company they represent, BOS GmbH Best Of Steel, of Emsdetten, Germany, and leverage from the branding created for decades in the European market. Launched in 1967, BOS GmbH manufactures a range of steel products ranging from door and window frames, quick-build warehouses, material containers, and quick build warehouses. With more than 350 employees, the company distributes throughout Europe and prides itself on its engineering...

The acidification of the oceans, meaning a reduction of the pH level due to absorption of carbon dioxide from the atmosphere, comprises a serious threat to living organisms in the oceans. Nevertheless, up until now there have hardly been any effective and user-friendly methods and devices to precisely measure the change. A team at the Graz University of Technology developed a suitable measuring device.  In addition to global warming, the increasing acidification of the oceans ranks among the primary consequences...

On the 1st of October 2014, cross-border specialist for online retailers, brands and manufacturers Salesupply, has opened a new office in the US. From here, Salesupply - A EACCNY Member - will start supporting EU and Chinese online retailers to enter the US e-commerce market. “We are the gateway for online retailers to the US and from the US to Europe, China and Brazil,” says Timon van den Berg, Country Manager for the US. After the opening of a Chinese office in...

The U.S. Supreme Court's recent decision in Kiobel v. Royal Dutch Petroleum1 upholding the dismissal of an Alien Tort Claims Act (ATCA) suit, left a great deal unanswered.  The Kiobel decision did, however, limit the potential for future ATCA claims by applying a strong presumption against that statute's extraterritorial application.  There have since been some mixed appellate court decisions regarding the statute's extraterritorial application,2 but a recent decision by the U.S. Court of Appeals for the Ninth Circuit may...

DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to an automobile parts manufacturer in India. The client, who provides truck and tractor parts to major automobile manufacturers in the USA, and Europe, is implementing this non-recourse factoring facility to free up their local borrowing facilities so they can reinvest in additional inventory and capital expenditure to accommodate growing sales. By working with DS-Concept, the client can now replace the...