Since our last report, The New Normal, the world has undergone major geopolitical, geostrategic and economic shifts. The combined impact of these changes, as well as an eroding sense of confidence in ‘expert’ political or financial prognostication, all have swept away the idea of ‘normal’, and especially of a reliable status quo. If anything, the only thing predictable about world events these days is the unpredictability of their outcomes. The effects of this uncertainty are playing out in the Trust,...

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Law Firm Leverages Experience in Legal Marijuana Industry Building on the firm’s already deep experience in the legal marijuana business, Pepper Hamilton has announced the formalization of its Cannabis Industry Group. Comprising attorneys from several key practice areas, the newly formed group will advise on all aspects of the burgeoning cannabis industry, from entity formation and capital raises through patent protection and regulatory compliance. The Cannabis Industry Group is led by Alva Mather, Jay Dubow and Michael Jones. Attorneys from a...

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Client Alert: 7/20/2017 Executive Summary The Uniformity Clause of the Pennsylvania Constitution requires all real property in a taxing district to be classified as a single class — real estate — for tax purposes, and taxing authorities may not create sub-classifications based on property type (i.e., commercial, apartment or single-family home). Pennsylvania taxpayers, especially commercial property owners, who are currently subject to assessment appeals may have a challenge to appeals based on the Uniformity Clause of the Pennsylvania Constitution. Discussion On July...

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  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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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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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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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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