Tag: Member’s events

  • NEW YEAR’S DRINKS RECEPTION 2018

    NEW YEAR’S DRINKS RECEPTION 2018

    On Tuesday 30th January the Spanish Chamber of Commerce held its annual New Year’s Drinks Reception, the first corporate event of 2018. This year the event was held at Skinner’s Hall, a beautiful and traditional Grade 1 listed building in the City of London. On this occasion the event welcomed Rt Hon Greg Hands MP as Guest of Honour. Mr. Hands was appointed as Minister of State in the Department for International Trade on 15 July 2016, and was elected the Conservative MP for Hammersmith and Fulham in 2005, and for Chelsea and Fulham in 2010.

    The event began with guests being welcomed into the main hall as they arrived where they were offered a glass of wine or cava. There was then an extended opportunity for them to meet and network with each other over a selection of freshly cut Spanish ham and cheeses.

    It was soon time for the speeches. Mr. Javier San Basilio, President of the Spanish Chamber, began proceedings by welcoming attendees and providing a brief summary of the Chamber’s principal achievements from 2017, including an announcement of the new Patron members that we are pleased to have gained. He went on to thank all members for their ongoing support to the Chamber as well as describing its principal aims for the coming year, before concluding by highlighting the importance for both Spain and the UK to maintain their special relationship regardless of the outcome of Brexit.

    The President went on to welcome Greg Hands to the podium and thanked him profusely for joining us for the occasion. Mr Hands went on to speak about the prosperous commercial relationship between Spain and the UK, two countries whose diplomatic ties go back 500 years. This included recently the visit of King Felipe and Queen Letizia to London last summer; demonstrating the strength of the two countries’ longstanding bilateral relationship. He went on to speak about the vital importance of Spain as the UK’s 7th largest trading partner, with figures showing that UK exports of goods to Spain had increased by over 15% in the year to November 2017 compared to the same period a year ago; with equally impressive statistics of investment in each other’s economies. He also highlighted that Spanish banks have the largest presence of all foreign banks in the UK. He went on to speak about Brexit and his belief that it is critical that the UK and Spain continue to collaborate as global advocates of free trade. He described why he is certain that the strong economic ties between the two countries will not only withstand the changes brought about by the UK leaving the EU, but also be able to continue become stronger.

     

    The evening proved to be another great success and we were pleased to see so many of our members in attendance, with over 150 representatives of both Spanish and British companies having been present. Following the speeches guests had a further opportunity to meet and wish each other a happy new year while continuing to enjoy the high quality products which were so kindly provided by our sponsors.

    We would like to sincerely thank our Patron Codorníu Raventós for providing the generous and curated selection of cava and red and white wine that was served during the evening as well as Nicolás y Valero, member of the Chamber, for their contribution of the delicious Spanish ham and cheeses.

    If you missed the reception, you can watch the video here and see the full image gallery here.

    We also encourage you to browse our Upcoming Events section in order to keep up to date with future Spanish Chamber corporate events, seminars and other activities.

  • THINKING OF INVESTING OVERSEAS? GET THE RIGHT PROTECTION

    On Wednesday 28th January, we organised the “International Arbitration: Safe as Houses? Strategic protections for overseas investments” seminar in collaboration with SC ANDREW LLP – ONTIER, member of the Spanish Chamber at the prestigious bureau offices in Holborn.

    We had the pleasure to count on two great speakers for the talk: Ms. Mahnaz Malik and Mr. Ian Sellars. They are both specialists in international arbitration and have wide experience in dispute settlement and resolution.

    Everything was organised in detail for the breakfast seminar at ONTIER offices
    Everything was organised in detail for the breakfast seminar at ONTIER offices

    They started the breakfast seminar analysing the Foreign Direct Investment (FDI) in different regions of the world. This concept normally refers to long-term investments being oil and gas, infrastructures, transport, electric power and energy the most popular sectors. Speakers warned attendees about the potential risks investors face when investing overseas, such as legal or political risks, taxation, and foreign exchange and unexpected changes in governments or law industries, among others.

    However, they came up with an efficient solution for what could become a real nightmare if investors do not hold adequate protection: the Bilateral Investment Treaties (BIT), which could also be turned into multilateral ones.

    These programs consist of state -to-state agreements that provide with certain minimum guarantees to investors and that have become more and more popular over their 53 years of existence. Nevertheless, our speakers recommended consulting expert advice as many treaties that could exist might not be in force or might have several exceptions, depending on geopolitical considerations.

    One of our speakers, Mrs. Mahnaz Malik during the International Arbitration seminar
    One of our speakers, Ms. Mahnaz Malik, during the International Arbitration seminar

    But what is this agreement useful for? You just have to take a look at the fact: there are currently 198 countries that participate in the BITs. These agreements are based on having somebody to protect (investor) and an object of protection (investment). Unlike to what it is commonly believed, these two terms have a very broad definition. For instance, an investor could be an individual, company, charity, club or state entity, among others, and an investment could be “every kind of asset”, ranging from a real estate property, to the shares of a company or even the formula of a cosmetic product.

    A true story starred by a British football player reflects how a BIT was able to rescue him from an incredible and unexpected situation. Even though he had never smoked or visited India, an Indian company used his altered image to promote the damage smoking could have on individuals by showing a picture of him with disease lungs. Obviously, this type of promotion did not benefit his brand image at all. And then it was when one of UK-India BIT saved him. His image was considered “an asset” in India and that behaviour was judged hurtful and unfair, so BIT exercised superior protection on him.

    On this seminar we learnt a useful lesson that all participants valued in a very positive way. We would like to send special thanks to ONTIER for kindly hosting this event in the most exquisite way as well as to all our members who participated from the seminar.

    All delegates had the opportunity to discuss about the topic of the seminar with a breakfast at ONTIER offices
    All delegates had the opportunity to discuss about the topic of the seminar with a breakfast at ONTIER offices

    If you are interested in this topic and other legal aspects, do not miss our upcoming seminar on “Key aspects of Insolvency Law and procedures in the UK. Differences between SP and the UK”. You can read more about this event and register here.

    Additionally, you can keep up to date with all our events by visiting our Upcoming Events section.

     

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