In its latest Special Report, the international affairs weekly The Economist touts the success the Nordic countries have had in reinventing their model of capitalism - the next supermodel. In a series of articles on welfare, immigrants, business, entrepreneurship and creativity, the weekly explores how Sweden, Finland, Norway and Denmark have "unleashed a huge amount of creativity and become world leaders in reform." Denmark is among other things praised for having one of the most liberal labour markets in Europe...

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EACC New York Member "The German Center for Research and Innovation (GCRI)" is proud to announce the launch of its new web page, Entrepreneurship Funding & Resources, on http://www.germaninnovation.org/resources/entrepreneurship-funding. The GCRI’s web presence is an information platform for individuals who are interested in the German science and innovation landscape and wish to conduct research or business in Germany. The “Funding & Research” section of the website provides information about the wide variety of funding opportunities for entrepreneurs at both the...

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The Irish Funds Industry Association (the “IFIA”) will be hosting a series of North American Fund Industry Seminars in Chicago, Boston and New York in March. EACC New York Member Mason Hayes & Curran also a member of the IFIA is participating at the program. Head of Investment Funds at Mason Hayes & Curran, Fionán Breathnach, will be a panelist at the Boston Seminar on “The Future of the Fund Industry in Europe” which will discuss...

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The World Economic Forum’s Global Agenda Council on Emerging Technologies has identified the 10 most promising technology trends to help deliver sustainable growth in the decades to come, as global population and material demands on the environment continue to grow rapidly. The Global Agenda Council considers that these technologies – which can be categorized under nano- and bio-technologies, environmental sciences, health and energy – have made significant development breakthroughs and are nearing large-scale deployment. With such promising technologies that could...

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The “Paris: Digital Capital” project announced by the French government in October 2012 is now entering a new phase. The goal set by the Minister Delegate with responsibility for SMEs, Innovation and the Digital Economy, Ms. Fleur Pellerin, who is responsible for this initiative is to bring together all stakeholders in the sector to boost the international profile of France’s dynamic digital economy, which harbors world-class talent. The Minister has launched a consultation involving these stakeholders, who can complete an online...

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The Italian Supreme Court, the highest court in Italy, and analogous to the United States Supreme Court, has historically found that punitive damage awards in civil matters are contrary to the Italian system of civil liability which seeks compensation rather than punishment. In the recent decision Soc Ruffinatti v. Oyola-Rosado, the “Corte Suprema di Cassazione” sentence n. 1781/2012 of February, 8, 2012, the Italian Supreme Court further underscored this position by finding that foreign judgments which award punitive damages are...

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As the financial services industry continues to strive for efficiency, financial institutions, both deposit and non-deposit taking, are increasingly relying on third parties to perform banking or product functions that are either new to the industry or had traditionally been performed by the institutions themselves. This increased reliance on vendors is driven in many cases by legitimate business reasons, most notably cost considerations as vendors are able to provide economies of scale, expertise or additional products that the institutions often...

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The first enforcement actions under Dodd-Frank’s whistleblower program, along with the steady flow of tips received by the SEC, illustrate why it is important for companies to be prepared to deal with an issue before an investigation occurs. In this environment, companies and counsel should take steps to minimize the risk that possible violations of securities laws are reported externally. To read the entire article, click here: Minimizing the Risk of Reporting Externally.  

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Before there is agreement on a merger or acquisition in 2013, dealmakers will be much more focused on the panoply of risks involved - regulatory, environmental and labor - and will carry out more extensive due diligence than in the past, according to a panel of senior M&A specialists. The special circumstances surrounding the new deal environment were the focus of a conference hosted by The Deal at the New York Stock Exchange in November. Entitled "Global Dealmaking in 2013:...

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Brian Korn, of counsel and resident of Pepper's New York, Los Angeles and Orange County offices, practices in our corporate and securities group and is a member of the firm's Financial Services Reform Response Team. Brian has recently given a presentation to the New York City Bar on changes to swaps and derivative products for corporate end-users resulting from the Dodd-Frank Wall St. Reform and Consumer Protection Act of 2010. Brian spent a few minutes with us to discuss the...

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