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Pirelli Featured In New “Global Compact 100” Sustainability Stock Index

Stock market performance of 100 companies selected over-performed market, with 12-month return of more than 25% EACCNY member Pirelli Tires is proud to announce its inclusion in a new stock index launched by the UN Global Compact in partnership with research firm Sustainalytics. The index, called the “Global Compact 100”, includes 100 companies selected according to their commitment to the Global Compact ten principles, executive leadership commitment, and consistent base-line profitability. In announcing the new index, in which Pirelli is...

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Chapter News, News

UN Global Compact Launches Stock Index

Companies Beat Overall Market – Return More Than 25 Percent The UN Global Compact today launched the “Global Compact 100” – a stock index of companies committed to the Global Compact ten principles that shows a total investment return of 26.4 percent during the past year, surpassing the general global stock market. The “GC 100”, released in partnership with research firm Sustainalytics, is composed of a representative group of Global Compact companies selected based on their adherence to the Global Compact’s...

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Trimont Real Estate Advisors Opens London Office Expanding Global Footprint

LONDON (September 2013) — Trimont Real Estate Advisors, an independent third-party commercial real estate service provider with approximately 45 billion euros ($60 billion) of invested capital under management, has opened a London office to serve commercial real estate lenders and investors throughout Europe. London operations are led by Jaymon Jones, formerly a vice president at Morgan Stanley Mortgage Servicing and a former director of strategic initiatives at the Commercial Real Estate Finance Council Europe. He joins 220 other Trimont professionals...

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Barnier Vows to MEPs to Press Ahead with Banking Union

The single resolution mechanism for banks can be set up without a treaty change, financial services commissioner Michel Barnier told lawmakers on Monday. He added that he was open to improving the mechanism through treaty changes at a later stage. MEPs questions mainly focused on banking union in the light of the concerns raised by some member states. Addressing the economic and monetary affairs committee, Mr Barnier said that five years after the collapse of Lehman Brothers there was...

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NYC Next Idea Competition

NYCEDC has announced its annual global new venture competition, NYC Next Idea. The competition provides students and recent alumni of  schools around the world the opportunity to access substantial funding ($35,000) and support to implement their business ideas in New York City. The early deadline for business summaries is October 28th.  The final deadline is November 11th. The competition is open to teams of 2-5 participants who have new and innovative ideas that could be commercially viable in New York City. ...

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Investors Choose France for the Excellence of its Perfume & Cosmetics Industry

France is more than ever being recognized by international investors looking for opportunities in the perfume and cosmetics sector. There has been an increase recently in the number of companies seeking to invest in this sector, such as the American giant Estée Lauder, which is keen to expand its operations in France,or the Japanese company Adan Silk which has opted to locate its first international operations in France. An historical expertise The success of perfumery in France is, of course, not...

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President Barroso Delivers State of the Union Address

In his 2013 State of the Union address to the European Parliament, European Commission President José Manuel Barroso set out his vision for the European Union in the year to come. He recalled the EU's determined response to the global financial crisis and what has been achieved since then, noting that Europe has good reason to be confident. "For Europe, recovery is within sight," President Barroso said, but warned that Europe must continue to reform. "This should push us to...

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Pepper Attorneys Presenting at Cross-Border M&A and Litigation Forum

A group of Pepper Attorneys will be Presenting on "A Discussion Looking at Cross-Border Deals in the Auto Industry" at Cross-Border M&A and Litigation Forum on Wednesday, September 18, 2013 at Harvard Club New York. Technology has made the world a smaller and more accessible place, allowing cross-border and multi-national deals to become a viable way to increase revenue. Companies need to be able to craft an M&A deal, consider all international and local standard practices, regulations and laws, as...

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Pepper Hamilton Client Alert: Broker in Disguise?

In the September 2013 Private Equity Manager's challenge, Pepper Hamilton partners Christopher Rossi and Gregory Nowak explain when a firm may need to consider registering as a brokerdealer with the SEC. THE CHALLENGE Can the employees of ABC Capital, a private equity firm and investment advisor to PE Fund I, solicit potential investors for PE Fund II without ABC Capital being required to register as a broker-dealer? (Editors note: A more complete response to this month’s challenge, which addresses deal fees and...

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Dillon Eustace: CIMA Consultation on Corporate Governance Statement of Guidance for Mutual Funds

Background: Following receipt of feedback on its January 2013 consultation on corporate governance for the financial services industry, the Cayman Islands Monetary Authority (“CIMA”) has proposed a Statement of Guidance on Corporate Governance specifically for Mutual Funds (“SOG-MF”). The SOG-MF provides for the first time in the Cayman Islands bespoke guidance on corporate governance standards specifically for the mutual funds industry. The SOG-MF will extend not only to licenced funds, but also to Cayman registered and administered funds (“Funds”). The proposed...

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