EY today announces plans to invest US$1 billion in new technology solutions, client services, innovation and the EY ecosystem over the next two financial years, commencing from July. This move is part of an ongoing strategy to provide clients and people with innovative offerings using the latest disruptive technologies. The new US$1b funding is in addition to the existing, significant annual technology investment. The investment will be used to create new technology-based services and solutions in areas such as financial...

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By Kara M. Bombach, Renee A. Latour, Cyril T. Brennan, Sonali Dohale and Daniel E. Parga After passage with overwhelming bipartisan support, on August 13, 2018 President Trump signed the Foreign Investment Risk Review Modernization Act (FIRRMA) into law. The new law reforms and expands the foreign investment review process of the Department of the Treasury’s Committee on Foreign Investment in the United States (CFIUS or the Committee), an inter-agency committee tasked with reviewing the national security implications of foreign investment in the United States. Among...

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The recent US tax overhaul continues to have wide-reaching implications. The limit on interest deductibility is impacting the way that firms finance domestic mergers and acquisitions which is fueling the existing trend for US companies to pursue foreign M&A. Why invest in foreign companies? Growing a business internationally has always been attractive to US companies. Businesses are still structuring for tax purposes, however the main reasons for going abroad are now; the desire to find new markets with more customers, access fresh...

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So you've heard a lot about CFIUS reform and the changes that may result from FIRRMA, perhaps from our prior pieces. While the President just signed FIRRMA into law on August 13, you probably know that many key FIRRMA provisions aren't yet effective because they require implementing regulations, which could take many months. That timeframe might push the casual observer toward a "big whoop" attitude—i.e., "when the precise rules come into focus, I'll start paying attention." That would be a mistake for at least...

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By Kaitlin Moyer Datacolor®, a global leader in color management solutions, partnered with the German building paint manufacturer DAW, to implement Datacolor’s newest, hand-held color matching solution, ColorReaderPRO, for use in its retail stores and by pro painters. DAW is the third largest manufacturer of architectural paint in Europe and develops, produces and sells innovative coating systems. DAW and Datacolor have a long-lasting relationship managing color in DAW laboratories and production. “We needed a device with high accuracy and a user-friendly design to...

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Tradewind has funded a producer of metal pipes based in Bulgaria with both an export factoring facility of €340,000 and a purchase order facility of €425,000. The company, whose pipes are used in furniture, sells to buyers in Europe, including the iconic furniture giant IKEA. Proceeds from the facilities will be used to finance growing sales with new buyers, including Amazon, on open account payment terms as well as for the diversification of its product line and the purchase...

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By Elliot Rysenbry  Tl;DR Competitive Intelligence is the practice of gathering information about the external business environment, including consumers, the market, and competitors, to formulate business strategies and tactics. What is Competitive Intelligence? According to Karl Swope, a private investigator in Trustify’s network, competitive intelligence (CI) is “a highly complex undertaking... the intelligence process involves not only the collection of data, but the interpretation of the data… to use as a strategic business component.” In simpler terms, CI is strategic information gathering that...

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Reavis Page Jump LLP is pleased to announce the opening of a new office  in Stamford, Connecticut. RPJ Partner Deena R. Merlen has been appointed to head the Connecticut practice. Ms. Merlen counsels clients of the firm in both our Manhattan and Stamford offices. Ms. Merlen is a Stamford native and member of the Fairfield County Bar Association. She was previously Co-Chair of its Employment Law Committee (2015-2018) and presently Co-Chairs the Association's Entertainment, Media and Intellectual Property Law Committee. Our Stamford office is located at:1234...

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