Member News, News

Statement From Frick Collection Director Ian Wardropper on Expansion Proposal

“One year ago, The Frick Collection announced its plans for a building expansion to address the institution’s longstanding programmatic needs and better serve a visiting public that has grown substantially over the years. To realize this vision, the plan involved building on a lot that included the viewing garden on East 70th Street by landscape architect Russell Page. After months of public dialogue and thoughtful consideration and weighing the potential for a protracted approval process against the Frick’s pressing needs, the...

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Member News

BOS Container USA Inc. launches new website

BOS Container USA Inc. together with its sister company TK Markets Finland Oy have released a new website. The new release acts as a comprehensive list of our current dealership network, a portal for more information on our best selling Quick Build –container, as well as covers the rest of the BOS'  product range from warehouses to container warehouses to mobile boxes. Expanded picture gallery introduces various products in use. Visit www.boscontainer.com or email orders@boscontainer.com.  

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Chapter News

Main results of the Competitiveness Council

The Council discussed the new digital single market strategy and adopted conclusions on the digital transformation of European industry. MAIN RESULTS: I. Digital single market: the digital transformation of European industry The Council discussed the new digital single market strategy and adopted conclusions on the digital transformation of European industry. A number of important aspects were highlighted, including the importance of targeting areas where action is needed for the digital transformation of industry and of encouraging the development of digital entrepreneurship, especially...

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Chapter News, Trade & TTIP Related

TTIP: more US market access, reform investment protection, retain EU standards

An EU-US trade deal should deepen EU access to the US market, but must not undermine EU standards or the right to regulate in the public interest, say Trade Committee MEPs in draft recommendations voted on Thursday. Tools for resolving disputes between investors and states should be reformed and improved, they add. The recommendations to the Commission negotiators on the Transatlantic Trade and Investment Partnership (TTIP), approved in committee by 28 votes to 13 with no abstentions, still need to...

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Member News

Ryanair Notches Up Another Win Against Price Comparison Sites

In recent years Irish airline Ryanair has been involved in numerous legal battles against so-called ‘screen scrapers’ across Europe. ‘Screen scraping’ is the manner in which some price-comparison websites automatically collect and compare data from various service providers’ websites without such service providers’ consent. This practice has led to litigation across Europe. In this most recent decision, the Irish Supreme Court confirmed that the Irish Courts have jurisdiction to deal with alleged screen scraping of the Ryanair site. This decision,...

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Member News

Corporate Spin-Offs: Slimmed Down for Excess Returns

A spin-off occurs when a company identifies a division or subsidiary of the company and separates it by creating a newly independent company. For a publicly traded company, this typically involves the parent company (the “Parent”) distributing shares of the subsidiary or division (“SpinCo”), usually resulting in the existing shareholders receiving a pro rata ownership share in each company. In 2014, more than 80 spin-offs were announced, a record high over the past five years. As shown in the chart, the number of announced spin-offs has exceeded that of...

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Chapter News

Promoting Green and Efficient Energy for Europe’s Regions

Brussels, 26 May 2015 -- Today, the European Commission is launching the European Smart specialisation platform on energy, which will support regions and Member States in using Cohesion Policy funding more effectively for promoting sustainable energy. The Platform will help regions to share their expertise on sustainable energy investments and especially on the deployment of innovative low-carbon technologies. By supporting the optimal use of Cohesion Policy funds for sustainable energy projects, the Platform will directly contribute to the European Energy...

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Chapter News

Tougher rules on money laundering to fight tax evasion and terrorist financing

The ultimate owners of companies will have to be listed in central registers in EU countries, open both to the authorities and to people with a "legitimate interest", such as investigative journalists, under new rules already agreed with the Council and endorsed by Parliament on Wednesday. The new anti-money laundering directive aims to step up the fight against tax crimes and terrorist financing. New rules to make it easier to trace transfers of funds were also approved. The fourth anti-money...

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Member News

TREPP LLC Trading Alert: Wall Street Property Behind Previously Modified Loan Sold

According to a story by Lois Weiss of the New York Post, 100 Wall Street has been sold for $275 million, or $528 per square foot, to Cornerstone Real Estate Advisors. The property backs a $115.8 million loan that makes up 6.3% of LBUBS 2007-C6. For CMBS investors, the takeaways are that the credit enhancement for the deal will improve and that the loan can prepay freely now, 13 months before its June 2016 maturity date. The article states that the deal will close this summer. The A-4 bond will be...

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Member News, News

“Minibonds”: New Perspectives For Financing The SMES (Small And Medium Enterprises)

For various reasons, relating to the typical Italian SMEs nature and to the market structure, the financial requirements of Italian SMEs have traditionally been satisfied by bank financing. Law decree No. 83 of 2012 (“Development Decree”) marks an attempt to provide an alternative source of financing for SMEs, through recourse to the debt capital market. The Decree has expanded the opportunities to resort to capital market for Italian privately held companies, taking away restrictions set forth by corporate law...

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