Member News

Member News, Uncategorized

“Don’t Forget Culture,” by Bill Rhodes

The U.S. Treasury’s recent 147-page report, “A Financial System That Creates Economic Opportunities,” details a rollback of many of the measures imposed to make banking safe and sound after the financial crisis. The proposals include substantial weakening of the Dodd-Frank financial-reform law. At the same time, White House appointments to several bank regulatory agencies are likely to promote measures that result in reductions in bank compliance costs, capital requirements and liquidity constraints. Right now, consideration is also being given in...

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Member News

Environmental Services Market Update: Q2 2017

  July 2017 Lincoln International is pleased to present the latest issue of its Environmental Services Market Update: Q2 2017   CHICAGO, IL – Lincoln International is pleased to present the latest issue of our Environmental Services Market Update, a quarterly publication from our Business Services Group. As you will see, the Lincoln International Environmental Services Stock Index experienced a rise in Q2 2017 when compared to the prior quarter, while M&A activity in the environmental services sector fell significantly in Q1 2017...

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Member News

Houlihan Lokey Advises Borden Dairy Company

Houlihan Lokey is pleased to announce that Borden Dairy Company (Borden) has been recapitalized by ACON Investments, LLC (ACON). Financial terms of the transaction were not disclosed. The transaction closed on July 6, 2017. Founded in 1857, Borden is one of the largest fresh fluid dairy processors in the U.S., operating 13 facilities across the country with more than 500 million gallons of annual milk-processing capacity. The company markets its dairy products under the iconic Borden brand and Elsie the...

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Member News

Second Circuit Reinforces Narrow Definition of ‘Official Act’ in Politician’s Fraud Case

Client Alert: 7/14/2017 The Second Circuit’s Silver decision highlights the importance for defendants of the Supreme Court’s 2016 ruling in McDonnell, which narrowed the definition of “official act” and limited the reach of the honest services fraud and Hobbs Act extortion statutes. On July 13, the U.S. Court of Appeals for the Second Circuit vacated the conviction of former New York State Assembly Speaker Sheldon Silver, who was convicted in 2015 on seven counts of honest services fraud, Hobbs Act extortion...

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Member News

Digitalization and Automatization and their Impact on the Global Labor Market

By Dr. Gerlind Wisskirchen, Attorney-at-Law/ Partner/ Certified labor and employment law specialist, CMS Germany Gerlind Wisskirchen is a partner and specialist lawyer in the area of labor and employment law at CMS Germany. She advises multinational corporations particularly on the issues of reorganization, national and international labor and employment law and compliance. Gerlind is an expert on the digitalization of the world of work and editor of the report "Artificial Intelligence and Robotics and their Impact on the Workplace" for...

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Brexit News, Member News

Brexit: UK Government Publish Great Repeal Bill

The long anticipated "Great Repeal Bill’’ was officially published by Downing Street yesterday.  It will revoke the European Communities Act of 1972 and in-turn transposed all EU law into UK law. It’s introduction is to ensure that there will be no sudden changes to regulations and rules once the UK leaves the bloc in March 2019, and will aim to allow the government to amend some legislation without the scrutiny of Parliament.   Although the bill was published yesterday in order...

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Member News, Uncategorized

Charities Update: Should Your Charity Consider a Merger?

In an era of intense competition for funding and enhanced governance and regulatory standards, a merger of two or more charities can lead to increased efficiencies and improved services for beneficiaries. We explain the most common merger structures for charities and highlight the potential benefits for charities considering a merger.  What is a merger of charities?   A merger of charities is the joining of two or more charities into one, larger organization.   There are several ways that a merger between charities can...

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Member News

Overhaul of H-1B Visa Program Expected in Response to “Buy American and Hire American” Order

The White House has been working with the Department of Justice to formulate changes to the H-1B visa program pursuant to the administration’s “Buy American and Hire American” executive order. The H-1B visa program is a temporary work visa for professional positions. Apart from the required involvement of the Department of Homeland Security, some of the proposed changes to the program could be implemented by administrative actions, while others would require new legislation to be passed. Proposed Changes That Would Require...

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Member News

Daniel Erikson Named Managing Director at Blue Star Strategies, LLC

Former White House Special Advisor will lead Latin America practice. July 10, 2017, Washington, DC  – Daniel P. Erikson was named Managing Director at Blue Star Strategies, LLC, where he will lead the firm's Latin America practice representing U.S. corporations across Latin America and the Caribbean and Latin American businesses with interests in the United States. Erikson has had an outstanding career as a diplomat in the U.S. State Department and the White House, where he served as special advisor for...

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Member News

MEPs Pass Law to Tackle Multinational Tax Avoidance

Parliamentarians in Strasbourg have this week voted to introduce new rules that would enforce multinational companies operating in the EU to publish details of their profits on a country-by-country basis. The legislation is part of an overall campaign to reform broader tax regulation in an effort to cut down on multinational tax avoidance.   Similar laws already exist for the banking sector, but MEPs extended the rules to cover all multinationals that operate in Europe. This will result in companies...

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