Chapter News, Uncategorized

Investment Plan for Europe: EIB and Santander sign two agreements to support SMEs and finance renewable energy projects

The European Investment Bank (EIB) and Banco Santander have signed two agreements with Investment Plan for Europe guarantees to provide financing for Spanish SMEs and help develop investment in renewable energy. The first of the agreements is a new EIB instrument to spread credit risk across both institutions. This financial instrument will enable Banco Santander to expand its capacity to grant loans to finance new investments from Spanish SMEs, which will be able to benefit from the favourable financing conditions made possible...

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Chapter News

Employment and social developments in Europe: 2017 review shows positive trends but highlights high burden on the young

This year's edition confirms positive labour market and social trends and continued economic growth. With over 234 million people having a job, employment has never been as high as today in the EU and unemployment is at its lowest level since December 2008. Since 2013, 10 million jobs have been created in the EU. But looking beyond the overall social and economic progress, evidence shows that there is a particularly heavy burden on younger generations: they tend to have...

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Member News

Environmental Services Market Update: Q2 2017

  July 2017 Lincoln International is pleased to present the latest issue of its Environmental Services Market Update: Q2 2017   CHICAGO, IL – Lincoln International is pleased to present the latest issue of our Environmental Services Market Update, a quarterly publication from our Business Services Group. As you will see, the Lincoln International Environmental Services Stock Index experienced a rise in Q2 2017 when compared to the prior quarter, while M&A activity in the environmental services sector fell significantly in Q1 2017...

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Member News

Houlihan Lokey Advises Borden Dairy Company

Houlihan Lokey is pleased to announce that Borden Dairy Company (Borden) has been recapitalized by ACON Investments, LLC (ACON). Financial terms of the transaction were not disclosed. The transaction closed on July 6, 2017. Founded in 1857, Borden is one of the largest fresh fluid dairy processors in the U.S., operating 13 facilities across the country with more than 500 million gallons of annual milk-processing capacity. The company markets its dairy products under the iconic Borden brand and Elsie the...

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Member News

Second Circuit Reinforces Narrow Definition of ‘Official Act’ in Politician’s Fraud Case

Client Alert: 7/14/2017 The Second Circuit’s Silver decision highlights the importance for defendants of the Supreme Court’s 2016 ruling in McDonnell, which narrowed the definition of “official act” and limited the reach of the honest services fraud and Hobbs Act extortion statutes. On July 13, the U.S. Court of Appeals for the Second Circuit vacated the conviction of former New York State Assembly Speaker Sheldon Silver, who was convicted in 2015 on seven counts of honest services fraud, Hobbs Act extortion...

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Brexit News, Chapter News

Brexit News: European Union (Withdrawal) Bill published by Government of the United Kingdom

It's finally here. The United Kingdom on Wednesday, July 12 released it's intended withdrawal bill, it's first published document outlining the government's intended actions for leaving the European Union. Explanatory notes to the Bill, prepared by the Department for Exiting the European Union, are published separately as Bill 5—EN. The introduction of the Bill comes only days before the second round of Brexit negotiations kick off on Monday, July 17 and amid conflicting rhetoric between both sides. With the amount of...

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Member News

Digitalization and Automatization and their Impact on the Global Labor Market

By Dr. Gerlind Wisskirchen, Attorney-at-Law/ Partner/ Certified labor and employment law specialist, CMS Germany Gerlind Wisskirchen is a partner and specialist lawyer in the area of labor and employment law at CMS Germany. She advises multinational corporations particularly on the issues of reorganization, national and international labor and employment law and compliance. Gerlind is an expert on the digitalization of the world of work and editor of the report "Artificial Intelligence and Robotics and their Impact on the Workplace" for...

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Brexit News, Member News

Brexit: UK Government Publish Great Repeal Bill

The long anticipated "Great Repeal Bill’’ was officially published by Downing Street yesterday.  It will revoke the European Communities Act of 1972 and in-turn transposed all EU law into UK law. It’s introduction is to ensure that there will be no sudden changes to regulations and rules once the UK leaves the bloc in March 2019, and will aim to allow the government to amend some legislation without the scrutiny of Parliament.   Although the bill was published yesterday in order...

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Chapter News

Investing for the common good: a sustainable finance framework

Traditional finance focuses solely on financial return and risk. By contrast, sustainable finance considers financial, social and environmental returns in combination. This essay provides a new framework for sustainable finance highlighting the move from the narrow shareholder model to the broader stakeholder model, aimed at long-term value creation for the wider community. Major obstacles to sustainable finance are short-termism and insufficient private efforts. To overcome these obstacles, this essay develops guidelines for governing sustainable finance. The issue of sustainable development...

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Member News, Uncategorized

Charities Update: Should Your Charity Consider a Merger?

In an era of intense competition for funding and enhanced governance and regulatory standards, a merger of two or more charities can lead to increased efficiencies and improved services for beneficiaries. We explain the most common merger structures for charities and highlight the potential benefits for charities considering a merger.  What is a merger of charities?   A merger of charities is the joining of two or more charities into one, larger organization.   There are several ways that a merger between charities can...

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