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Thursday, January 17, 2019

Future of the German Automobile Industry in the United States

On Tuesday, December 4, 2018, Trump received executives from German car manufacturers, Daimler, BMW, and Volkswagen. The official reason for this meeting was to discuss investment opportunities in the United States. But the atmosphere of the meeting was determined by the ongoing U.S.-European trade tensions focused on automobile exports and the threat of tariffs.
 
Trump's protectionism policy envisages putting tariffs on European auto imports. For the automobile industry, the US market is very important. BMW has its biggest plant in the world in Spartanburg, South Carolina and Daimler and Volkswagen also have plants in the southern states. Vice versa, German car manufacturers are important for the US economy as nearly 50,000 Americans are employed in these plants. After Trump announced to impose tariffs on imported cars, BMW revealed that it was considering to open a second manufacturing plant in the United States to help offset the impact of tariffs. Volkswagen and Daimler are also open to new investment opportunities in the United States. Volkswagen is considering a partnership with Ford Motor Company to build VW vehicles at some of Ford's US factories. Daimler boss highlighted the importance of the tariffs' conditions for future investments. Therefore, this meeting is accompanied by the expectations of the executives to avoid the tariffs. After the meeting, Volkswagen chief Herbert Diess said: "We made a big step forward to avoid the tariffs". Also, Daimler chairman Dieter Zetsche revealed an optimistic stance about the meeting in having a positive impact on the tariffs.
 
While the CEO's of the three big German car manufacturers were optimistically discussing investment opportunities in the White House, German Chancellor Angela Merkel clarified that trade diplomacy questions are in the responsibility of the European Commission.

How the ongoing trade tensions and threat of tariffs will be resolved in the future is an open question left for the European Commission. German car manufacturers are looking optimistically into future investment opportunities in the United States but as long as the trade tensions between the European Union and the United States are not solved, the future of the German Automobile Industry in the United States remains unclear.

by: Samira Schakirova, Law Clerk at BHL LLP

Wednesday, January 09, 2019

Entrepreneurs: The Eccentric- Sometimes Cruel- Heroes of American Capitalism

What will happen, if Alan Greenspan writes a book
Yes, the legendary former Fed Chairman and the acclaimed writer and historian created with Adrian Wooldridge a book with the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. 

Capitalism is a system that is controlled by private investors. Presently, the Wealth in the world is more than what it was three centuries ago with the United States of America being the wealthiest country in the world. The United States is where it is today before of the unique dynamic of economic growth it passed through in the past two centuries. The heroes of this change are the entrepreneurs.

Greenspan and Wooldridge referred to them as eccentric at best, cruel and dangerous at their worst, and are very hard people to live with. The United States has now surpassed old world powers like Britain and France in innovation and wealth because its entrepreneurs and businessmen have efficiently used the country's education and infrastructure to massive improve all sectors of its economy.    
       
However, Greenspan and Wooldridge, believe that America is now in crisis and blame it on politicians, liberal intellectuals, and people that do not support capitalism.Places that support entrepreneurial capitalism have seen substantial growth, however, it is the conservative parts of America that do not want dynamism and economic growth.

@BridgehouseLaw will track this case and provide more updates. Did you read this book? Please share your thoughts about this book!

Friday, January 04, 2019

German Billionaire Invests in Drone- Defense Startup

Drones used to be devices that were rarely seen in the public, but nowadays, you can see them everywhere you go, mostly due to the fact that they are now quite cheap with many costing less than $50. Be it in the sports stadiums, airports, oil refineries, jails, and many others, drones have now become a part society.

However, because these drones can be easily used by anyone, it can be used to infringe on the privacy of others. You do not have to worry though as "Dedrone" a warning system made by a German-American maker of drone protection technology is here to alleviate any drone fear you might have.

Dedrone helps protect the airspace smart cities, airports, oil refineries, and others from menacing drones. It has a system that can accurately distinguish between drones, birds, and helicopters. It has already been used at Davos to protect VIPs while it can also be used to inspect construction sites. The popularity of this product as started to increase as Stefan Quandt, a BMW heir, through Aqton Private Equity bought 10.15 percent of Dedrone's share capital for an unknown sum.

Wednesday, January 02, 2019

Drones in the News

BridgehouseLaw has been publishing articles about drones, and security questions numerous time.
 
Just in the past couple of weeks, the little flyers made the news twice.
First, right before Christmas, Gatewick Airport in Londonshut down and grounded flights because of alleged drone sightings. The police is investigating 67 reports of drone sightings between December 19 and December 21, 2018.
For about 36 hours the travel plans of approximately 150,000 passengers were put on ice. The incidents poses questions about airport and flight security.
 
At New Year's Eve in New York, a police drone was supposed to keep an eye on the celebrations in Time Square. But, due to the rain, that drone was grounded.
 
BridgehouseLaw will keep an eye out for drones in the sky and the news.