Chapter News, News

Expert group to advise European Commission on EU-US trade talks

Today the Commission launches a special Advisory Group of experts representing a broad range of interests, from environmental, health, consumer and workers' interests to different business sectors to provide EU trade negotiators with high quality advice in the areas being negotiated in the Transatlantic Trade and Investment Partnership (TTIP) talks. The creation of this group confirms the Commission's commitment to close dialogue and exchange with all stakeholders in the TTIP talks, in order to achieve the best result for European...

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Chapter News, News

EU-US Trade Agreement: European Commission publishes EU negotiating Position on Financial Services

The European Commission publishes today a non-paper clarifying its objectives for financial services in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP). The EU proposes to establish, within the TTIP framework, a transparent and accountable process which would allow the two parties to work together towards strengthening financial stability. The objective is not to define (or re-define) the substance of international standards for financial regulation or to negotiate prudential rules. The objective is to create a workable platform...

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Member News, News

May Not Be Too Early to Watch This 2007 Single Tenant Loan

Normally we don't start taking a hard look at big CMBS leases until they get within a year of the lease expiration date. However this particular story caught our eye when we were looking at servicer watchlist notes for January. The loan is the $72.6 million Healthnet Headquarters note. The property is a 327,000 square foot office in Shelton, CT. Built in 1982 and renovated in 1989, the property was the home of Health Net of the Northeast. The firm is still...

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Member News, News

Update: New Jersey Office Assigned Appraisal Reduction

According to January servicer data, the $47.9 million Novo Nordisk Headquarters took a $24.3 million appraisal reduction amount. The loan backs 5.4% of CGCMT 2005-C3, a deal that has taken 3.2% in cumulative bond loss. Back in September 2013 we wrote about the eponymous tenant's planned departure from the property. Novo Nordisk, which currently occupies 77% of space, will be vacating upon lease expiration in December of this year. Despite solid financial performance (1.75x DSCR in the first half of 2013), the loan...

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Member News, News

Goldberg Segalla Open for Business in Chicago

Goldberg Segalla is pleased to announce it expanded its U.S. footprint into Chicago with the opening of its 12th office, launched by a team of prominent Chicago attorneys that includes David J. O’Connell, James W. Ozog, James M. Rozak, Brian J. Benoit, Ryan M. Frierott, and Jennifer L. Rediehs. Additional growth and new faces are anticipated in the coming months, and all of Goldberg Segalla’s diverse range of practice areas will expand into the Chicago office. The opening of Goldberg Segalla’s Chicago office highlights the dynamic organic...

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Chapter News, News

Commission Calls for Immediate Action for a European Industrial Renaissance

Brussels, 22 January 2014 -- The European Commission is urging Member States to recognise the central importance of industry for creating jobs and growth and to mainstream industry-related competitiveness concerns across all policy areas. This is the key message of the communication For a European Industrial Renaissance, adopted today. The Commission calls on the Council and the Parliament to adopt proposals on energy, transport, space and digital communications networks as well as implement and enforce legislation to complete the...

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Member News, News

New York Grant Company CEO, Ann Kayman, admitted into the Entrepreneurs Organization

New York Grant Company CEO, Ann Kayman, was recently admitted into the Entrepreneurs Organization, a global business network of 9,500+ business owners in over 40 countries. Entrepreneurs Organization connects and engages their community of expert entrepreneurs to learn and grow. In joining EO, Ann is delighted to work with a peer group of like-minded individuals, and to impart the entrepreneurial know-how for the benefit of clients, staff and the business community. "I can't wait to roll up my sleeves...

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Member News, News

‘Heightened Standards’ for Large Banks: OCC Proposed Guidelines

On January 16, 2014, the Office of the Comptroller of the Currency (OCC) released a proposal seeking comment on guidelines that would establish minimum standards of governance, risk management and board independence for certain large national banks, Federal savings associations, and Federal branches (collectively, “banks”). The guidelines are intended to become an integral part of the OCC’s safety and soundness regulations (12 CFR Part 30). The OCC would apply these guidelines to insured national banks, insured Federal savings associations, and...

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Chapter News, News

Advancing in US Congress’ Trade Agenda: The Role of Trade Negotiating Authority

This morning, the Senate Finance Committee held an important hearing on the recently introduced Trade Promotion Authority legislation. Senators Baucus and Hatch used their opening statements, which are linked below, to urge quick consideration and passage of the legislation. For more in-depth coverage of the hearing, you can find the list of witnesses, their prepared remarks, and a video of the proceedings here. Baucus Statement on the Need to Renew Trade Promotion Authority Senator Baucus argues that Congress needs Trade Promotion Authority...

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Member News, News

AlixPartners Is Pleased to Announce their Newly Promoted Managing Directors

They've advanced because you've advanced At AlixPartners, we care about results because our clients care about results, and we reward our people for delivering exceptional value to clients. The following 11 professionals were recently promoted to Managing Director in our firm. They have advanced for many reasons—but primarily for their track records of guiding clients to soaring successes. We're very proud of these 11, and we also know that they're just getting started. To read about the impressive backgrounds of AlixPartners'...

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