Member News

Member News

Open Doors 2015 Report on International Educational Exchange Released Today

Today, the Institute of International Education (IIE), together with the U.S. Department of State's Bureau of Educational and Cultural Affairs, released the latest news on international students in the United States and U.S. students studying abroad. The Open Doors® findings will also be a topic of a briefing this morning, at the National Press Club in Washington, DC, with Assistant Secretary of State Evan M. Ryan and IIE President Allan E. Goodman, in conjunction with the worldwide observance of International...

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Member News

Boosting women-owned businesses to achieve accelerated growth: EY announces 12 winners of the North American EY Entrepreneurial Winning Women™ program

For the past eight years, through its Entrepreneurial Winning Women™ program, EY has taken aim at the gender gap among high-growth companies. Despite years of progress, today, women-owned businesses still struggle to reach the same economic scale as businesses started by men. For instance, according to the Economic Policy Institute, women-owned businesses earn 25 cents for every dollar male-owned businesses earn. To address this imbalance, EY helps women entrepreneurs overcome obstacles to growth through its Entrepreneurial Winning Women program. As a group,...

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Member News

Ogletree Deakins Recognized By The Minority Corporate Counsel Association With Thomas L. Sager Award

Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to announce that the firm has been selected as the recipient of the Minority Corporate Counsel Association’s (MCAA) Thomas L. Sager Award for the Midwest region. The Thomas L. Sager Award is given to law firms that have demonstrated sustained commitment to improve the hiring, retention, and promotion of minority attorneys. Every year, MCCA selects one law firm in each...

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Member News

Curtis Counsels G2 in Sale of Tech & IP Assets to KPMG

New York, November 5, 2015 - Curtis, Mallet-Prevost, Colt & Mosle LLP represented G2 FinTech (G2) in the sale of significant technology and intellectual property assets to KPMG LLP. G2 is a boutique tax technology firm specializing in tax analysis and compliance software for the investment management community. KPMG, the audit, tax and advisory firm, is acquiring all of G2’s U.S. tax software and intellectual property, including G2's flagship product, TaxGopher®. G2 will remain a separate entity with a continuing business...

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Member News, New York Related News

New York’s Wage Deduction Law in Effect for Three More Years

On October 26, 2015, New York Governor Andrew Cuomo signed State Assembly bill A07594, extending the expiration period of 2012 amendments to New York Labor Law §193, which had permitted employers to make deductions from employee wages in circumstances otherwise deemed impermissible by the New York State Department of Labor. Under this bill, the expiration period is extended from three years after the date that the amendments went into effect, which would be November 6, 2015, to six years after the...

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Member News

DS-Concept Provides $3 Million Export Factoring Facility to Multinational Plastics Trader and funding to 2 German Companies

DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to a trading company headquartered in the British Virgin Islands with subsidiaries in the US, Canada and UK. The client, who supplies plastics, polymers and resins to manufacturers and distributors in the US, Europe and the Middle East, will receive Euro, GBP and USD factoring lines. Implementing this non-recourse factoring facility to accommodate growing sales, the client will receive financing...

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Member News

DS-Concept Provides $3 Million Export Factoring Facility to Multinational Plastics Trader

DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to a trading company headquartered in the British Virgin Islands with subsidiaries in the US, Canada and UK. The client, who supplies plastics, polymers and resins to manufacturers and distributors in the US, Europe and the Middle East, will receive Euro, GBP and USD factoring lines. Implementing this non-recourse factoring facility to accommodate growing sales, the client will receive financing on...

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Member News

Funds Face Further Responsibilities as DOJ Shifts Focus From Corporate to Individual Wrongdoing

On Sept. 9, 2015, the Department of Justice (“DOJ”) announced new measures to fortify its pursuit of corporate wrongdoing in criminal and civil matters. The policy shift, set forth in a memorandum from Deputy Attorney General Sally Yates, seeks to hold individuals accountable for corporate wrongdoing and ensure full cooperation from corporations in “ferreting out” individual misconduct. Funds are already facing heightened regulatory requirements. The newly announced policy now marks an additional shift for funds under investigation. Most significantly, the...

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Member News

A Reminder – Private Fund Advisers on Notice to Remain Vigilant

The private fund adviser industry has fallen under the SEC’s registration authority only since the 2010 Dodd-Frank Act granted the regulator increased oversight beginning in 2012. Fee and expense practices in particular have come under increased scrutiny since mid-2014, when SEC examinations identified high rates of fee- and expense-related violations. In that round of inspections, the SEC’s Office of Compliance Inspections and Examinations identified “violations of law or material weaknesses in controls” in more than half of the 112 examinations...

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Member News

The Swedish Government decides to open a Consulate General in New York

The Government decided today to upgrade the Swedish presence in New York by opening a salaried Consulate General. The Consulate General will open in December and replace the honorary consulate currently there. The focus of the Consulate General in New York will be to promote the image of the innovative, creative and competitive Sweden of today. Trade and investment promotion at the Consulate General is expected to largely focus on conveying knowledge and offering a network and platform for promotion...

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