Despite enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act almost four years ago, final rules implementing Section 954, the clawback provision, remain a work in progress. The clawback provision will require public companies to disclose their policies on incentive-based compensation and to adopt policies for recovery of compensation, such as bonuses, from their executives in certain instances. Intended to discourage the types of excessive risk taking that contributed to the financial crisis, the provision has been...

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Following on its success in Mexico, GRANITO expands exporting by bringing Italian SMEs in the Made in Italy food product sector into North-East Africa and South America. In partnership with Massimo Iacono & Partners (MI&P), a consultancy and general management firm having a leading experience in global marketing and venture management, GRANITO will support Italian companies in expanding into non-traditional and emerging markets in areas such as Columbia, Sudan and North-East Africa, who are requesting  Made in Italy  food products. Together, GRANITO and MI&P...

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According to Friday's Commercial Mortgage Alert, Brookfield has obtained a $900 million loan on the Grace Building in Manhattan. Part of the loan will go to pay down the $343.5 million in CMBS debt currently outstanding on the office building. There are four senior pieces across three 2004 vintage deals, as well as one B note held outside of the trusts. The loans are open to prepayment and due to mature this July. The loan breaks down as follows: -$105.5 million piece in JPMCC 2004-CB9 (21.7%) -$105.5 million piece in LBUBS 2004-C8 (22.6%) -$51.7...

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The Netherlands and the United States of America have signed a FATCA (Foreign Account Tax Compliance Act) Intergovernmental Agreement (the IGA) on 18 December 2013 to improve international tax compliance and to establish automated data exchange between the tax authorities of both countries beginning September 2015. FATCA is a US national law that requires all Foreign Financial Institutions (FFIs) worldwide to report the names and other information of their US clients (citizens and businesses) to the US Internal Revenue Service...

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