Chapter News

EU Trade Commissioner in New York City Highlights Global Benefits of Transatlantic Trade & Investment Partnership

May 21, 2013

EU Trade Commissioner Karel De Gucht in New York City discussed the Transatlantic Trade and Investment Partnership. In his speech to the European American Chamber of Commerce, he stressed that removing...

AIFMD: Irish Regulator Now Accepting Applications

May 16, 2013

On 15 May 2013, the regulator of the funds industry in Ireland, the Central Bank of Ireland (the “Central Bank”), announced that it is now accepting applications under the Alternative Investment Fund...

Transatlantic Collaboration on Cybersecurity: Common Goals, Clear Results

May 7, 2013

Large-scale attacks against information systems and various other forms of cybercrime, such as online identity theft or online child abuse, are subject to rapidly evolving technological developments....

Europe Day: May 9th – The Schuman Declaration

May 7, 2013

The European Union’s founding fathers reacted to the bloodshed and destruction of World War II by concocting a scheme designed to inextricably link Europe’s coal and steel industries and prevent wars...

ECFIN Economic Briefs: Economic growth perspectives for Europe & The Future of European Monetary Union EMU

May 2, 2013

These two Economic Briefs provide an overview of the broad range of economic research papers on the two topics written by leading scholars under the auspices of DG ECFIN's Fellowship Initiative 2012 -...

AIFMD: ESMA Publication of draft RTS on types of AIFM

April 29, 2013

The final report sets out in its Annex IV the draft regulatory technical standards (RTS) required by Article 4(4) AIFMD. The draft RTS in Annex IV will now be submitted to the Commission for endorsement...

Enhanced Cooperation in the Area of Financial Transaction Tax [FTT]: ECON Draft Report

April 29, 2013

The European Parliament's Committee on Economic and Monetary Affairs (ECON) published its draft report on the proposal for a Council directive implementing enhanced cooperation in the area of the Financial...

Opening the Doors to Transatlantic Trade

April 25, 2013

Speaking at a conference organized by the U.S. Embassy in Dublin, Ireland, European Union Trade Commissioner Karel De Gucht pointed out that the Transatlantic Trade and Investment Partnership is a cost...

Olli Rehn in New York: At EuroPlace Conference at NYSE & Federal Reserve Program on Transatlantic Trade

April 24, 2013

During the G20 discussions, the overwhelming concern was how to boost growth and job creation. We discussed the short-term effects of fiscal policy in this respect, the continued need for structural reform...

Secretary Kerry in Brussels: EU-U.S. Reaffirm Rock-Solid Relationship

April 23, 2013

Describing the EU-U.S. relationship as "rock solid," President Barroso said their discussion centered on Syria, climate change, improving the economy and the "very promising Transatlantic Trade and Investment...

UPCOMING CHAPTER EVENTS

World Trade Week 2013

May 13, 2013 | 8:00am

EACCNY is pleased to announced that, once again, we will be an active participant at New York's World Trade Week.  The New York World Trade Week 2013 brings together a dynamic network of 40 organizations in the New York metro region focusing on international trade and transportation.

EACC's Hedgefund Forum

May 28, 2013 | 5:30pm

Join us for a program on the state of the hedgefund industry and learn how international investments are increasingly impacted by the regulatory environment. The program will start off with “Insights on the SEC’s Rulemaking Process” presented by Saurabh Shah, Esq., Counsel to the Hon. Troy Paredes, Commissioner of the U.S. SECURITIES & EXCHANGE COMMISSION (SEC).

Pan-European Days at the NYSE

June 03, 2013 | 2:00pm

NYSE Euronext, in partnership with the European American Chamber of Commerce New York (EACCNY), invite you to attend Pan European Day in New York. This half-day program will feature representatives from the European Union, chief economists from major financial institutions, and other high-level thought-leaders to discuss the latest developments in the major European economies.

Property Tax Challenges for Local Governments & Corporate Taxpayers

June 06, 2013 | 8:00am

Pressures on Corporate Taxpayers in an Era of the Growing Need for Property Tax Revenues- The Real Property Tax Landscapes in the U.S. and Selected European Economies. Governments are struggling with aging infrastructure, increasing demand for social services, decline of non-property tax revenues and ageing populations. Meanwhile, businesses are facing rising costs for labor & materials, pressure to stay profitable and ever-increasing competition.

Private Equity Forum

June 20, 2013 | 5:30pm

EACC New York's Private Equity Forum: What is in store for Private Equity in 2013 & 2014 - A transatlantic perspective? • Macro Sector Trends, Current Volume & Outlook in Europe and the US • Hot Markets & New Challenges • Global Financing Market, Fund Formation in US and overseas • European PE Market - Market Health, Trends • Deal Evaluations; Update on the regulatory Environment • Emerging Market Trends, Portfolio Allocations & Future of PE Transactions

Upcoming Partner Events

Happy Bosses - Better Results

June 03, 2013 | 5:30pm

“Enough talk about the crisis – the US must be brought back on track with the help of Happy Bosses.”

On behalf of Consul General, Ambassador Jarl Frijs-Madsen, at the Royal Danish Consulate General in New York, we would like to invite you to an evening with Happy Bosses, a network of Danish executives that are fed up with being in “crisis mode”.

Fordham Institute For Family & Private Enterprise Symposium

June 04, 2013 | 8:30am

The Fordham Accelerator for Business (FAB) presents, Fordham Institute for Family and Private Enterprise Symposium - Learning Lessons: Building, Growing and Succession. The Fordham Institute for Family and Private Enterprise (FIFPE) will be sponsoring a Symposium on June 4th, consisting of multiple speakers with experience in starting, managing, advising, and operating a family business. The main speakers for this event will include Dr. Bert Twaalfhoven, GBS ‘52, who will be discussing his success strategy, “Learn, Earn & Return,” and Sarah Hemminger who will be speaking on “Redefining the Family.”

"Reducing Customs And Legal Costs With Smarter Planning"

June 12, 2013 | 5:00pm

On behalf of Consul General, Ambassador Jarl Frijs-Madsen, at the Royal Danish Consulate General in New York, we would like to invite you to an exclusive invite only event, with a focus on how you can reduce customs and legal costs by planning smarter. This event is relevant for anyone working with, or having an interest in international trade and how to reduce costs and risks, now and in the future. Knowing these facts is valuable to both you and your organization.

OPENING RATES
EUR / USD 1.2906 / 1.2911
USD / JPY 102.50 / 102.55
GBP / USD 1.5154 / 1.5159
USD / CHF .9701 / .9706
USD / CAD 1.0262 / 1.0267
AUD / USD .9803 / .9808
USD / MXN  12.3355 / 12.3360
USD / CNY 6.1352 / 6.1357
EUR / JPY 132.23 / 132.28
EUR / GBP .8516 / .8521

Brought to you byBannockburn Global Forex, LLC

Member News

Mason Hayes & Curran wins Irish Law Firm of the Year 2013 & Client Service Law Firm of the Year 2013

May 20, 2013

The 'Chambers Europe Awards for Excellence' are presented annually and recognise outstanding law firms and legal professionals. The "Client Service Law Firm of the Year” is based on feedback and recommendations...

$45 Million Cyber-Attack Is Object Lesson from Verizon Study Showing No Business Is Safe, but Financial Institutions Bear Big Data Breach Risk

May 20, 2013

Newspapers around the world recently reported that a sophisticated and well-coordinated cyber-attack resulted in the theft of $45 million from thousands of ATMs worldwide. The incident accentuates the...

“Entrepreneur visas” and Other New Measures in France to Support Enterprise

May 14, 2013

Following the “Assises de l’entrepreneuriat” – an entrepreneurship round table initiated by Ms. Fleur Pellerin, France’s Minister Delegate for SMEs, Innovation and the Digital Economy – a...

Pepper Hamilton Financial Services Alert: Virtual Currency: Recent Federal Regulatory Considerations

May 2, 2013

Bitcoin is a virtual currency – it has no physical form in paper or metal and is not connected with any central bank or governmental authority. It is freely tradable via the internet or other electronic...

European Union To Assess Increased Duties On Imports Of Certain U.S. Products On May 1st

April 30, 2013

The European Union (“EU”) has announced that it will impose an additional 26% ad valorem import duty on certain products of U.S. origin, effective May 1, 2013, as part of its ongoing dispute with...

U.S. investment projects in France 2012 results – a record year, again

April 25, 2013

In a very challenging global economic environment, France has confirmed in 2012 its strong appeal for foreign investors. France attracted 693 projects, just slightly less than in 2011 (698). While Europe...

CPSC Seeking Information Regarding Third Party Testing for Lead, Phthalates and the Solubility of Certain Chemicals

April 25, 2013

The Consumer Product Safety Commission (“CPSC”) has issued a request for information on whether there are materials used in children’s products which do not contain certain prohibited elements (...

The OCC’s New Stance: FDIC Insurance Required for ‘Trust-Only’ National Banks

April 23, 2013

Traditionally, the Office of the Comptroller of the Currency (OCC) did not require a national bank seeking to engage in non-depository, trust-only activities (a "trust-only bank") to obtain Federal Deposit...

Customs Broker Assessed $8 Million in Damages for Trademark Infringement

April 17, 2013

A jury awarded $8 million dollars in damages against a Customs Broker found to have engaged in a conspiracy to import fake Coach® handbags and wallets in the case of Coach v. Celco Customs Services and...

Reminder: Late Shipment Clauses

April 17, 2013

The United States Court of International Trade recently denied a request to deduct certain freight charges that the importer argued were included in the transaction value of the goods as a result of the...