On 9 March 2023, the German Federal Court of Justice (“BGH“) confirmed the decision of the Higher Regional Court of Koblenz to refuse recognition and enforcement of an arbitral award issued in Russia.[1] Among others, the BGH held that the Arbitral Tribunal exceeded its personal jurisdiction by extending an arbitration agreement to a de facto group of companies.…
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You might think given the chatter in the startup world that venture capitalists are short on funds — after all, we’re hearing about young tech companies finding themselves marooned between stages, hitting up investors with smaller capital pools than prior backers and turning to equity crowdfunding to keep their cash balances healthy. And yet new data from PitchBook and the National Venture…
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Many new trends have evolved from the innovative developments in the blockchain landscape over the recent years. The world has witnessed massive changes in the financial and technical landscape following the arrival of blockchain. One of the notable trends emerging from the world of blockchain in recent times is the tokenization of assets. The tokenization of assets…
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On 15 April 2022, the CEO of the European Chamber of Digital Commerce, R.A.U. Juchter van Bergen Quast, attended an important international conference in Kiev: Postwar World: People, Problems, Values. Professor dr. Victor Andrushchenko, Rector of the National Academy of Pedagogical Sciences of Ukraine, opened the conference. Thank you to each and every one of…
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Our prayers are with the people of Ukraine these days as they suffer a scandalous attack by Russian military forces. President Putin is responsible for the death and destruction this attack will bring. The European Chamber of Digital Commerce (ECDC) expects that the consequences for both the Ukrainian and the Russian people of the recent…
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The CEO of the Swiss Chamber of Commerce has received an honorary doctorate from the Institute of Agroecology and Natural Resources in Kiev for his outstanding contributions to business development. The ceremony was attended by an international audience. Visiting Kiev On 25 November 2021, an international delegation visited the Institute of Agroecology and Natural Resources…
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In Q1 2021, Dutch consumers spent 63 percent more in foreign EU webshops compared to the same quarter last year. Spending stood at nearly 800 million euros, versus around half a billion euros one year previously. Never before has quarterly spending increased so much year-on-year since the implementation of the present measuring method in 2014.…
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How do you encourage residents to get involved in their local community? And how do you promote social cohesion in your town or city? In an effort to answer these questions, the Municipality of Heerlen has come together with a number of external parties to launch a ground-breaking project. Residents who perform activities that benefit…
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The past decade has seen our economy undergo a metamorphosis thanks to digitisation. Phenomena such as globalisation, digitisation and the shift in the economy towards services are causing completely new business models to emerge. This begs the question of whether CBS’ existing measurement and registration methods are still sufficient for capturing these rapidly growing trends…
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All .nl registrants whose addresses are outside the Netherlands automatically use the SIDN address as a ‘domicile address’. That’s an address where a bailiff can formally deliver official documents (e.g. a summons) to the registrant. The address is: registrant XYZ, C/o SIDN, Meander 501, 6825 MD, Arnhem, The Netherlands. SIDN forwards any official documents that…
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More than 75% of all communication professionals apply branded content. Branded content campaigns create marketing experiences virtually indiscernible from what the audience might seek from their favorite media/ entertainment personalities. We created a very effective media package to provide your business with multiple brand or product videos to use for individual advertising material. Our media package is for those who looking…
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No, says UBS Global Wealth Management: Cryptocurrencies may never be able to work as actual currencies. The “fundamental flaw” inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping in most cases, Paul Donovan, chief economist at UBS GWM, said in a video this week. That means they can’t be considered currencies, he said.…
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Dr. Jelle Zijlstra was the former Prime Minister of the Netherlands, President of the Central Bank of the Netherlands, and President of the Bank for International Settlements in Switzerland, with long-standing engagement with the Swiss Chamber of Commerce in The Netherlands. In honour of this renowned economist, we recognize international leaders whose work champions economic national growth, generational-shifting innovation, global collaboration, or charitable commitments which dramatically improve the…
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SIX Swiss Exchange in Zurich recently listed a unique exchange traded fund (ETF), issued by Leonteq Securities, Guernsey Branch: the Tracker Certificate on the Global Asset Appreciation Index. This financial instrument replicates the price movements in a dynamic, actively managed index, that invests in liquid markets worldwide, in particular the niche areas that focus on…
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Bob Juchter van Bergen Quast, CEO of the European Chamber of Digital Commerce, has been appointed Leadership Fellow of Society of Leadership Fellows at St George’s House, Windsor Castle. St George’s House, set in the historic grounds of Windsor Castle, was founded in 1966 by H.R.H. The Duke of Edinburgh and the then Dean of…
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EU General Data Protection Regulation (GDPR) and Swiss Federal Data Protection Act (DPA) In the EU and in Switzerland, processing personal data is generally prohibited, unless it is expressly allowed by law, or the data subject has consented to the processing. While being one of the more well-known legal bases for processing personal data, consent…
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Faced with the unpleasant reality of the Coronacrisis, you are compelled to reinvent your business. The ability to pull off this difficult feat—to jump from the maturity stage of one business to the growth stage of the next—is what separates high performers from those whose time at the top is all too brief. The Chamber…
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The Goldman Sachs Foundation is now bringing 10,000 Women online through Coursera to support female entrepreneurs in new corners of the world. These 10 courses blend a world-class business education with a global peer-to-peer network, providing participants with the tools needed to lead and grow their business. Goldman Sachs and its people are committed to…
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The Digital Future Board Room is a problem-solving roundtable for experts to provide key direction, perspectives, and solutions to pressing global issues that shape our digital future. All events are televised by CNNMoney Switzerland, digitally distributed, and open to an invited audience. At our events, you can be interviewed by CNNMoney Switzerland in our Video Booth for you…
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The President of the European Chamber of Digital Commerce, Ria Persad, spoke about the Future of Payments at the Blockchain Economic Forum during the World Economic Forum in Davos. Blockchain Economic Forum gathers government officials, investors and entrepreneurs to discuss potential structural change in capital markets and payments systems, to get vitalizing ideas,and explore partnership…
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The European Chamber of Digital Commerce provides leading solutions for leaders. Our partners enjoy world-class management and technology advisory, global investor and client introductions, authoritative industry whitepapers, and an international Court of Arbitration. The Digital Future Board Room is a problem-solving roundtable for experts to provide key direction on critical issues shaping our digital future. This event…
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Promote your company at the World Economic Forum in Davos The European Chamber of Digital Commerce is hosting an event covered by CNNMoney Switzerland during the World Economic Forum in Davos from January 21-24, 2020. Hardcopies of Digital Future Magazine (ISSN 2666-7045) will be distributed throughout the World Economic Forum to the world’s top leaders. Who attends Davos?Bill and…
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The European Chamber of Digital Commerce was invited to The Hague Summit for Accountability in the Digital Age, held November 6-7, 2019, focused upon safeguarding the role of the internet as a tool for personal, professional, and social engagement. Topics included Accountability and Artificial Intelligence, Cyber Security and Cyber Peace. Invited were top industry executives, heads…
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The environment is the key to a nation’s self-sufficiency, and self-sufficiency is the key to wealth. Ria Persad Several years ago, I visited my relatives in the countryside of Trinidad and Tobago. My grandparents settled there in the 1930’s under British colonization. My grandmother, now 97, explained to me what life was like at a…
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There are at least 12 different ways of assigning a valuation to a company. In simple, common-sense terms, what are these 12 methods? 1. Your revenue. Not the best for early-stage startups, but after a company has been in business for a few years and has a stable customer base, an investor might buy a company at…
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Background In February 2017, mrs Leilani Farha, the United Nations’ special rapporteur for housing, presented a paper on housing commoditisation to the UN human rights council in Geneva. The paper explains how an unregulated financial market has boosted housing prices to a level that excludes low-income households from certain attractive urban locations and created social…
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Investment banks and other consultants can plan and execute a fundraising campaign for startups and for companies in the growth phase. A reputable fundraising intermediary will likely speed up the process, reduce the legal risks, and negotiate a better deals. Most brokers will take a monthly retainer plus 5 percent to 15 percent of the…
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How Do Tech Companies Cross “The Valley of Death” into Profitability? Engerati covers how the European Chamber of Digital Commerce helps tech companies with the #1 issue confronting them: how to go from innovation to making money. Technology innovators need to understand the markets in which they are operating and align their business models accordingly,…
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CEO of the European Chamber of Digital Commerce Cooperates with Research on Italian Startups at King’s College London “Made in Italy”–does this label have a negative or positive effect on investors making decisions to fund biotech and medical technology startups in Italy? How is Italy perceived as a country? Does this perception carry over into…
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A Chamber of Commerce has traditionally furthered the interests of businesses in a particular geography or market sector by way of representation, business services, and networking opportunities. Multilateral Chambers of Commerce can link the business environments of two or more countries, such as the Swiss Chamber of Commerce in The Netherlands. International Chambers of Commerce,…
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Entrepreneurs of Europe seeks to lift innovative European entrepreneurs in the spotlight and share their story to the world. Founder Joona Mäntyvaara quotes: You can make the best movie in the world, but if you don’t tell about it, no one will watch it. He sees that entrepreneurs in Europe can be much stronger when they…
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The #1 problem that tech companies face, simply put, is making money. We might have a trailblazing innovation, but who will buy it? And how do we get those people to actually BUY it? The first 15 years of my career, I was building technology within the corporate and government sectors. For the following 15…
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Entrepreneur Magazine (Europe) found that 98% of venture capital funding goes to men although women own about 1/3 of all businesses in both the U.S. and Europe. However, Boston Consulting Group published in the report, “Why Women-Owned Startups Are a Better Bet”, that businesses founded by women deliver more than twice as much per dollar invested than…
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The European Chamber of Digital Commerce endorses the Hellenic IT Museum for its rich collection of milestone computers and peripherals that have led to the progress of information technology. This special IT Museum in Greece started its operations in 2009. Since 2012, the Museum constitutes the first official Greek organization that exclusively exhibits the IT…
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In his important and interesting paper “The Story of the Dubai International Financial Centre Courts: A Retrospective“, Mr. Jayanth K. Krishnan addresses the role of the Dubai International Financial Centre Courts (DIFC) in an international legal environment. The DIFCs are part of the sovereign structure of the Emirate of Dubai, within the UAE. Specifically, Dubai Law No.12…
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ING has joined forces with other global banks to create a digital coin that can be used to settle international money transfers instantly, cutting out intermediaries and lowering transaction costs. This is a new step in the development of the utility settlement coin (USC) project set up in 2015 by Swiss bank UBS. It focused…
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Europe’s largest Blockchain Conference and Exhibition focuses on the future of enterprise technology, with two days of top-level content from leading brands, embracing and developing cutting edge blockchain technologies. Returning to RAI Amsterdam on June 19-20, the Blockchain event is co-located with the IoT Tech Expo, AI & Big Data Expo and Cyber Security & Cloud…
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The Court of Arbitration of the European Chamber of Digital Commerce plays a crucial role in today’s digital world. The appeal and quality of this independent arbitration institution are as valued today as ever. Fairness, even when there is a dispute, has always been this business tradition which continues to be observed in Europe, making…
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A study in Harvard Business Review found that successful companies, especially those with a bold corporate strategy, were considerably more likely to employ one of three offensive digital strategies: targeting new demand, new supply or new business models. Successful digital transformations are significantly less focused on cost efficiency and more focused on new products or…
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This article describes the legal context in seven European countries regarding Security Token Offerings. Such offerings differ from Initial Coin Offerings (ICO’s). An Initial Coin Offering (ICO) is the cryptocurrency equivalent to an Initial Public Offering (offering shares of a private cooperation to the public for the first time, also known as IPO) in the…
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The European Chamber of Digital Commerce has designated CNNMoney Switzerland as the host of the Digital Future Board Room, where influencers and decision-makers gather to examine issues in fintech and suggest industry solutions to shape our digital future. The European Chamber of Digital Commerce would like to acknowledge CNNMoney Switzerland as an independent, reliable, and…
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Targeting New Demand In order to target new demand for your product or service, you need to focus on what problem it can solve. Then refine your target market by identifying who has bought your product or service already. This includes target demographics, audience type, and any other attributes about your target customer segment. If…
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In 2017, Professor Michael E. Porter of Harvard Business School gave an important presentation about a strategy for restoring Haiti’s prosperity. A crucial part of his advice is to “make attracting foreign investment a core strategy“. In this article I will provide a suggestion to implement such a strategy. The causes of Haiti’s poverty Poverty…
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Introduction A number of African countries have began the process of moving away from being a tax haven to being an international finance centre, offering financial products to take advantage of the increasing international mobility of capital and labour. Legislations are continually being written with this goal in mind. It is important to enact laws that…
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SwissMate is a publication of the Swiss Chamber of Commerce in The Netherlands (SCCN), formed in 1933. SwissMate is the predecessor of Digital Future Magazine, published by the European Chamber of Digital Commerce, an activity of the SCCN.
Yes. If you are seeking to raise investment money for your startup, keep in mind that the best measure you can take to protect yourself against frivolous claims is by disclosing as much information about your company as possible. This way, if things go wrong and your private investors threaten to sue you for securities…
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Mainly due to its tax efficiency, the Dutch holding (BV) company regime is the most preferred holding regime in the world. The Dutch tax regime is beneficial regarding withholding tax, capital gains and income received from subsidiaries. Other advantages of a BV are the flexibility of Dutch corporate law and tax law, as well as the…
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A group of leading retailers and food companies including Nestlé and Walmart have signalled their commitment to “strengthen consumer confidence” in the foods they purchase by announcing a major blockchain collaboration with IBM. The consortium will work with ‘Big Blue’ to identify the “most urgent areas” across the global food supply chain that could benefit…
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Endress+Hauser and SAP have a successful history of collaboration. The two companies will now work together even more closely to develop Industrial Internet of Things (IIoT) solutions. According to a statement, the aim of the collaboration is to develop solutions that enable seamless integration of field instruments into business processes. To this end, Endress+Hauser will…
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The Liestal-based Energy firm EBL is planning to build an innovation centre for electromobility on the Salina Raurica site by 2023. This will include Europe’s largest charging station and be powered by local renewable energy alone. EBL intends to establish the Swiss E-Mobility Hub right next to the A2 motorway. The facility will encompass nine floors…
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As a traditionally strong financial center with infrastructure close to universities, Switzerland offers ideal conditions for driving innovations in the fintech scene. Switzerland enjoys an international reputation as a trustworthy, reliable and innovative financial center. Years of experience in the banking and insurance sector combined with technological expertise and a well-developed infrastructure provide excellent conditions…
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The handbook contains 164 pages of information setting out the key advantages of Switzerland as a business location as well as the current investment climate, production costs, taxes, infrastructure and new technologies, financing and legal matters. Source: Swiss Global Enterprise
The study, released by blockchain conference BlockShow Europe 2018 looked at 48 European countries, analyzing factors such as actual regulations set in place for the growing blockchain sector, ICO regulations, regulations on cryptocurrency as payment, or the taxation of cryptocurrencies. Switzerland ranks first among the top ten nations in Europe to provide amiable conditions for…
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