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Commercial Awareness Discussion
Commercial Awareness - April 2018
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<blockquote data-quote="Coralin96" data-source="post: 487" data-attributes="member: 15"><p>I thought I'd create a new thread for April 2018 <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" />. You can find the March posts here: <a href="https://www.thecorporatelawacademy.com/forum/index.php?threads/commercial-news-update-march-2018.29/#post-466" target="_blank">https://www.thecorporatelawacademy.com/forum/index.php?threads/commercial-news-update-march-2018.29/#post-466</a>.</p><p></p><p>04/04/2018</p><p></p><p><strong>Trump's escalating trade war</strong></p><ul> <li data-xf-list-type="ul"><strong>The Story</strong> - In response to alleged intellectual property theft, the US government has announced plans for a 25% tariff on 1,333 Chinese products. The products include robots, vaccines, electric cars and military weapons. It also features components that US companies may use. China responded quickly with a 25% tariff on 106 products. That includes cars, soybeans and some aeroplanes.</li> <li data-xf-list-type="ul"><strong>The impact on law firms - </strong>This is going to impact many US manufacturers and US-China trade relations. The growing trade war hurts companies looking to invest in the US and China or those who rely on international trade and there's a lot of uncertainty about what direction this will take. Law firms have already found it hard to operate in China and they may have to reconsider their expansion plans if this continues to escalate.</li> </ul><p><strong>PSA to stay after Brexit</strong></p><ul> <li data-xf-list-type="ul"><strong>The Story - </strong>PSA, the parent company to car companies like Vauxhall, Peugeot and Citroen is going to continue to manufacture vehicles until at least 2029. This follows a £9m investment by the UK to guarantee its competitiveness after Brexit. </li> <li data-xf-list-type="ul"><strong>Impact on law firms: </strong>The UK's investment gives some certainty to carmakers on what's going to happen after Brexit. It's a sign of how interlinked the industry is with the EU as over half of vehicles that are made in the UK are exported to the EU and over half of the manufacturing parts come from the EU. </li> </ul><p><strong>GDPR to come soon</strong></p><ul> <li data-xf-list-type="ul"><strong>The Story - </strong>The General Data Protection Regulation will come into force on May 25 and gives regulators to power to fine companies to the highest of €20m or 4% of a company's annual turnover. It also includes penalties for failing to look after data from hackers.</li> <li data-xf-list-type="ul"><strong>Impact on law firms - </strong>This regulation is going to significantly impact law firms, both directly and indirectly through their clients. Companies and firms will be required to follow stringent rules on how they process and store data and get customer consent. It affects both companies operating in the EU and those who employ EU workers or sell to EU customers. Regulatory and data protection lawyers who specialise in this field will be in high demand as companies will need detailed advice to avoid the significant penalties. The problem is it's going to be costly and it could impact the ability to do business. </li> </ul><p><strong>Spotify flotation</strong></p><ul> <li data-xf-list-type="ul"><strong>The Story: </strong>Spotify listed on the New York Stock Exchange and was valued at $26.5bn. But the company didn't go for a normal flotation in a sign of the uncertainty around tech stocks at the moment. Instead of hiring a bank and going through an extensive IPO process, Spotify's route involves a company going straight to the market and selling existing shares.</li> <li data-xf-list-type="ul"><strong>Impact on law firms: </strong>The recent tech sell off in the stock market has shaken a lot of investors and caused prices to fluctuate a lot in recent weeks. This may be a broader sign of concerns about IPOs and companies may put flotations on hold over fears about the current political climate. Law firms may also support clients in different types of listings. Spotify's route to the market, a direct listing, is seen as a test case for future companies. </li> </ul></blockquote><p></p>
[QUOTE="Coralin96, post: 487, member: 15"] I thought I'd create a new thread for April 2018 :). You can find the March posts here: [URL]https://www.thecorporatelawacademy.com/forum/index.php?threads/commercial-news-update-march-2018.29/#post-466[/URL]. 04/04/2018 [B]Trump's escalating trade war[/B] [LIST] [*][B]The Story[/B] - In response to alleged intellectual property theft, the US government has announced plans for a 25% tariff on 1,333 Chinese products. The products include robots, vaccines, electric cars and military weapons. It also features components that US companies may use. China responded quickly with a 25% tariff on 106 products. That includes cars, soybeans and some aeroplanes. [*][B]The impact on law firms - [/B]This is going to impact many US manufacturers and US-China trade relations. The growing trade war hurts companies looking to invest in the US and China or those who rely on international trade and there's a lot of uncertainty about what direction this will take. Law firms have already found it hard to operate in China and they may have to reconsider their expansion plans if this continues to escalate. [/LIST] [B]PSA to stay after Brexit[/B] [LIST] [*][B]The Story - [/B]PSA, the parent company to car companies like Vauxhall, Peugeot and Citroen is going to continue to manufacture vehicles until at least 2029. This follows a £9m investment by the UK to guarantee its competitiveness after Brexit. [*][B]Impact on law firms: [/B]The UK's investment gives some certainty to carmakers on what's going to happen after Brexit. It's a sign of how interlinked the industry is with the EU as over half of vehicles that are made in the UK are exported to the EU and over half of the manufacturing parts come from the EU. [/LIST] [B]GDPR to come soon[/B] [LIST] [*][B]The Story - [/B]The General Data Protection Regulation will come into force on May 25 and gives regulators to power to fine companies to the highest of €20m or 4% of a company's annual turnover. It also includes penalties for failing to look after data from hackers. [*][B]Impact on law firms - [/B]This regulation is going to significantly impact law firms, both directly and indirectly through their clients. Companies and firms will be required to follow stringent rules on how they process and store data and get customer consent. It affects both companies operating in the EU and those who employ EU workers or sell to EU customers. Regulatory and data protection lawyers who specialise in this field will be in high demand as companies will need detailed advice to avoid the significant penalties. The problem is it's going to be costly and it could impact the ability to do business. [/LIST] [B]Spotify flotation[/B] [LIST] [*][B]The Story: [/B]Spotify listed on the New York Stock Exchange and was valued at $26.5bn. But the company didn't go for a normal flotation in a sign of the uncertainty around tech stocks at the moment. Instead of hiring a bank and going through an extensive IPO process, Spotify's route involves a company going straight to the market and selling existing shares. [*][B]Impact on law firms: [/B]The recent tech sell off in the stock market has shaken a lot of investors and caused prices to fluctuate a lot in recent weeks. This may be a broader sign of concerns about IPOs and companies may put flotations on hold over fears about the current political climate. Law firms may also support clients in different types of listings. Spotify's route to the market, a direct listing, is seen as a test case for future companies. [/LIST] [/QUOTE]
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