Member News

06 Dec
Member News

Italy is on its Way to Implement a Deep Reform of its Bankruptcy Law

By Tommaso Foco | Ginevra Sforza |Portolano Cavalo Studio Legale Following the approval by the Parliament of Law No. 155/2017 setting forth the principles for a thorough reform of bankruptcy law, the Italian Government is now working on the delegated law that is bound to replace the more than 70-years old Bankruptcy Act (1942). The new law will consolidate in one single act the various changes to the Bankruptcy Act that have been made since 2005 and will provide a...

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06 Dec
Member News

Looking to 2018 – Are You Set up for Growth?

By Onno Bouwmeister | Malcolm Pobjoy | VISTRA If 2017 serves as a window into projections for the year ahead, then next year promises to be one of sustained growth for the private equity community. Mega deals were the order of the day in the first half of this year, and industry experts note that 2018 will likely be more of the same. According to PitchBook Q3 2017 US PE Breakdown, US-based funds raised $62.4 billion in commitments for just 58 vehicles...

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06 Dec
Brexit News, Member News

Brexit preparation for EMA and pharmaceutical companies

On 20 November 2017, the EU Council announced that Amsterdam will be the new location for the European Medicines Agency (EMA) after the UK will withdraw from the European Union. Preparing for the consequences of the Brexit, such as the relocation, is not only a significant matter for the EMA itself, but equally important for companies and other private parties. Therefore, on 28 November 2017, the EMA published a guidance paper to help pharmaceutical companies prepare for the UK´s...

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06 Dec
Member News

EU Court of Justice: Suppliers of luxury goods may prohibit their authorised distributors from selling on third party internet platforms

By Rein Wesseling | Christof Swaak | Floris ten Have | Stibbe Today the ECJ rendered its much anticipated judgment in a dispute between a supplier of luxury cosmetics (Coty) and one of its authorised resellers. The central question was whether Coty is allowed under the competition rules to forbid its resellers to sell Coty products over third party internet platforms with visible logo’s (like eBay or Amazon). The ECJ ruled that such an “online platform ban” is not incompatible with EU...

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05 Dec
Member News

Mandatory Reporting for U.S. Entities in 2018 Regarding Foreign Direct Investment

By Wilson Sonsini Goodrich & Rosati In early 2018, the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) will issue its mandatory five-year benchmark survey to obtain data on foreign direct investment (FDI) in the United States. The survey, known as the BE-12 survey, is required for U.S. entities in which a foreign entity or person holds, directly or indirectly, 10 percent of more of the U.S. entity's voting interests at any time during 2017. The completed surveys are due...

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04 Dec
Member News

Leasing Opportunity at United Nations Federal Credit Union’s Global Headquarters

By For the first time in 10 years, JRT Realty Group is delighted to present a leasing opportunity at United Nations Federal Credit Union’s Global Headquarters in Long Island City (Court Square Place / 24-01 44th Road). As leasing agents, we are offering a block of four floors (80,000 SF) at Court Square Place. These floors are available for possession in May 2018; and they can be leased as a block or individually. Court Square Place is a trophy office tower; and...

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04 Dec
Brexit News, Member News

December FX Outlook – The Fed, Brexit, and US Fiscal Policy

By Bannockburn Global Forex Having strengthened in October, the USD fell back towards the bottom of recent ranges against most major currencies in November. Renewed USD weakness was not severe, and had several different drivers. Initial losses were correlated with some weakening in equity markets, but losses later in the month occurred despite stronger equity performance, and was related more to uncertainty about future Fed tightening following the release of the FOMC minutes for September on the 22nd, which revealed...

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04 Dec
Member News

New Italian Flexible Work Law Enacted

By AEM Carnelutti «Balancing, innovating and competing. These are the three seemingly conflicting objectives of flexible working, a new approach to corporate organization where individual employees’ needs fit in with the needs of the company in a complementary manner». The above quotation was taken from the first paragraph of the Italian Labor Ministry’s website (www.cliclavoro.gov.it) on the Flexible Work Law governed by Law no. 81 dated 22 May 2017 (“FL”), “measures aimed to support flexible organization of work time and...

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01 Dec
Member News

Online Shopping Tips to Stay Safe This Holiday

By Carrie Mast | Director of Operations | Loki Labs Inc. It’s Cyber Monday! In preparation for another holiday season, here are some tips to stay safe while you shop online this year: If you are shopping on your phone or computer and using an unknown Wi-Fi connection, save the purchases for later. Don’t enter any personal information such as name, address, or credit card number until you are on a secure and known connection. Before you do anything on a website,...

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