09 Jun
Chapter News, Trade & TTIP Related

Malmström Rallies Around TiSA

"The recent revised offers and the work done so far represent real improvement, but we certainly still need more ambition. The EU is ready to go an additional mile but everyone needs to join if we want to achieve an agreement able to shape the global economy of the 21st century." European Trade Commissioner Cecilia Malmström chaired a meeting on the negotiations for the Trade in Services Agreement (TiSA) with 22 fellow ministers in Paris earlier last week. The participants discussed...

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09 Jun
Member News

Prepare for the October 2016 Customs House Broker License Exam Online or Live at JFK!

New York/New Jersey Foreign Freight Forwarders and Brokers Assn., PO Box 8217, Red Bank, NJ 07701, and EACCNY Member Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP, one of the nation’s leading law firms specializing in Customs law, are offering a courses in preparation for the October 2016 Custom House Broker License Exam.  This course also provides an excellent overview of customs law and compliance for importers not intending to take the broker's exam. These events are approved by The National Customs Brokers...

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09 Jun
Chapter News

Antitrust: Regulation on Interchange Fees

The Regulation on Interchange Fees for Card-based payment transactions entered into force in June 2015. It is aimed at addressing the widely varying and excessive hidden interchange fees which are an obstacle to the Single Market and a barrier to innovation. The Regulation caps the interchange fees for the most widely-used cards and imposes transparency obligations on banks and retailers to improve the functioning of the payment market for all cards. The rules on interchange fee caps have applied since...

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09 Jun
Chapter News

Resource efficiency in Europe: benefits of doing more with less

Many European countries are realising the economic benefits of making more efficient use of material resources like metals, fossil fuels and minerals. But more action is needed to underpin this trend in resource efficiency with stronger policies on energy, material resources, waste management and on circular economy. These are the findings from a new European Environment Agency (EEA) assessment published today. The EEA report More from less – material resource efficiency in Europe, takes an in-depth look at national approaches and policies...

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09 Jun
Chapter News

International Trade in Services

International trade in services - EU trade in services continued to rise strongly in 2015… ... but total surplus down for a second consecutive year The international trade in services of the European Union (EU) has increased steadily and significantly over the last six years. EU exports of services to the rest of the world rose by 42%, from €569.5 billion in 2010 to €811.2 bn in 2015, while imports grew slightly more rapidly (+43%) from €461.6 bn to €660.5...

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09 Jun
New York Related News

Governor Cuomo Announces $743,000 in Grants to Support New York State Agribusiness

Governor Andrew M. Cuomo today announced the New Farmers Grant Fund will provide over $743,000 in grants to support 25 early-stage agricultural businesses across New York State. The purpose of the fund, now in its second round, is to assist early-stage farmers in improving their farm’s profitability, and as a result, adding to the diversification and growth of New York’s agricultural sector. "Agriculture remains a critical component of the New York's economy and these grants will help ensure this industry's...

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09 Jun
Uncategorized

Bruegel Report: The First 18 Months of European Banking Supervision

Bruegel just published a report, prepared by Dirk Schoenmaker and Nicolas Veron with contributions from nine country experts. We believe it to be the first in-depth study of how European Banking Supervision (also known as the Single Supervisory Mechanism) works in practice, a year and a half after its start in November 2014. The report includes a euro-area-level overview, with a general assessment and a lot of data which we hope you will find interesting. The nine country chapters add...

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08 Jun
Member News

M&A Market Update: The Unknown Unknowns

Overview  “s we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t know. And if one looks throughout the history of our country and other free countries, it is the latter category that tends to be the difficult one.” — Former United States Secretary...

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08 Jun
Member News

EEOC Releases Proposed Enforcement Guidance On National Origin Discrimination For Public Comments

On June 2, 2016, the U.S. Equal Employment Opportunity Commission (“EEOC”) released, for a 30-day public input period, proposed enforcement guidance addressing national origin discrimination under Title VII of the Civil Rights Act of 1964 (“Title VII”).  The EEOC last comprehensively addressed national origin discrimination in 2002, and the revised guidance addresses important issues and significant legal developments that have occurred since that time. Title VII protects individuals from employment discrimination (as well as retaliation) based on their race, color,...

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08 Jun
Member News

Former AT&T Office in New Jersey Auctioned Off; Big Loss Forthcoming

Last month, EACCNY member Trepp, LLC noted that the property behind the long-troubled, $41.3 million AT&T Consumer Services Headquarters loan would be auctioned off in early June. That auction took place and a Kroll email from yesterday indicated that the final bid was $9 million. That was said to have met the reserve price and the asset has been sold. Kroll is now expecting a 100% loss on the asset based upon that sales price. The face amount of the REO...

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