The transatlantic playbook: What US businesses expanding into Europe need to know with David Bates of Taylor Wessing

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Global Workforce Podcast

Omnipresent

21 episodes

4 months ago

Welcome to the Global Workforce Podcast, your go-to resource for managing remote teams. In each episode, host George Britton sits down with industry experts (from legal, IPO, M&A, GSI, PE and many more), to discuss and discover actionable insights to solve the challenges global workforces face. If you’re looking to optimise your business growth and freedom, and create work experiences that see your employees and their skills thrive — anywhere and everywhere — this is the show for you!

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The transatlantic playbook: What US businesses expanding into Europe need to know with David Bates of Taylor Wessing

Global Workforce Podcast

35 minutes 46 seconds

1 year ago

The transatlantic playbook: What US businesses expanding into Europe need to know with David Bates of Taylor Wessing

In an era where businesses are increasingly crossing borders, understanding the intricacies of international law and market dynamics is crucial. In this episode, David Bates, Partner at Taylor Wessing, discusses the complexities of expanding into the European market, highlighting key differences in regulations and cultural norms.

Key Takeaways:

(02:17) The European M&A market shows signs of recovery.

(05:36) European employee protections are generally stronger than in the US.

(07:48) Hiring processes in Europe are typically slower than in the US.

(10:00) The EU is advancing digital regulations more comprehensively than the US.

(11:00) GDPR sets a global standard for privacy, influencing global legislation.

(12:18) Europe is not a homogenous market; each country has unique systems.

(14:30) France's "right to switch off" mandates an eleven-hour work break.

(15:49) Cultural differences significantly affect business operations in Europe.

(22:00) Understanding local market differences is crucial for success in Europe.

Resources Mentioned:

David Bates - https://www.linkedin.com/in/dbates2/

Taylor Wessing - https://www.taylorwessing.com

Taylor Wessing | Website - https://www.taylorwessing.com/

GDPR Guidelines - https://gdpr.eu/

European Data Protection Board - https://edpb.europa.eu/

Digital Markets Act - https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/europe-fit-digital-age/digital-markets-act-ensuring-fair-and-open-digital-markets_en

Digital Services Act - https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/europe-fit-digital-age/digital-services-act_en

AI Regulation Updates - https://digital-strategy.ec.europa.eu/en/policies/european-approach-artificial-intelligence

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