An article from Pennsylvania newspaper Centre Daily Times recently reported that the Office Depot in State College, Pennsylvania will be closing. The location backs the $2.4 million Office Depot-State College loan, which makes up 0.21% of the remaining collateral behind MSC 2007-T25. Office Depot is the sole tenant in the 32,150 square-foot property. The loan matures January 2017 and the Office Depot lease ends in March 2016. © Compliments of Trepp, LLC - A member of the EACCNY  

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On October 21, 2015, New York State Governor Andrew Cuomo signed into law a number of bills intended to advance women’s equality in the workplace. The bills address pay equality, sexual harassment, discrimination on the basis of sex, family status discrimination, and pregnancy discrimination. Employers should familiarize themselves with these bills before they become effective on January 19, 2016. Moreover, employers should review their relevant employment policies and pay practices to ensure compliance and decrease their risk of exposure....

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The European Court of Justice recently rendered an important judgment on jurisdiction over claims of Dutch companies against directors residing outside the Netherlands. The main issue was whether the Dutch courts had jurisdiction over such claims or whether such jurisdiction was limited to the courts of the EU member state in which the director resided, in this case Germany. Facts/background In the proceedings leading to this judgment, a German former director of a Dutch BV and of its three German subsidiaries...

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On 1 November 2015 the Accounting Directive Implementation Act entered into effect. This legislation implements Directive 2013/34/EU in Dutch law. The most important changes under this Act are higher thresholds for determining the "size" of legal entities (and hence the applicable rules regarding annual accounts) and shorter deadlines for the filing of annual accounts and annual reports. Thresholds for "size" of legal entities The size of a legal entity in terms of (a) the value of its assets according to its...

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A Guide for International Students and Professionals The Institute of International Education (IIE) has just published the 2016 edition of its annual print directory Funding for United States Study: A Guide for International Students and Professionals, the print companion to IIE's online search engine www.fundingusstudy.org. With over 800 grant and scholarship listings, Funding for United States Study is the most comprehensive directory on finding funding for study in the United States, making it an invaluable resource for advisers and international students worldwide. Funding for...

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1.   U.S. Tightens Eligibility for Visa Waiver Program In the wake of the terror attacks in Paris, the White House announced immediate changes to the Visa Waiver Program (VWP), which permits visa-free travel to the U.S. for citizens of 38 program partner countries around the world. Most notably, the U.S. will bar from the VWP anyone who has traveled to a country that State Department officials consider a “terrorist safe haven”, such as Iraq, Syria, Pakistan, Lebanon or Libya. Citizens...

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New York/New Jersey Foreign Freight Forwarders and Brokers Assn., PO Box 8217, Red Bank, NJ 07701, and Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP, one of the nation’s leading law firms specializing in Customs law, is offering courses in preparation for the April 2016 Custom House Broker License Exam.  The Firm has held highly successful Broker’s License exam courses in Boston, Los Angeles, and New York.  This course also provides an excellent overview of customs law and compliance for importers...

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GRANITO is pleased to announce the furtherance of its expansion into France with the collaboration of Christina M. Halstead, Attorney at Law and Avocat à la Cour de Paris.  Ms. Halstead, also admitted to the California and Washington DC bars, will be working out of offices located at 159, rue de Rome, 75017 Paris France. A graduate of the University of California at Irvine, and Pepperdine University School of Law, Ms. Halstead is an active member of the International Association of Collaborative Practitioners  in Paris, with...

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The World Trade Centers Association (WTCA) has partnered with Bannockburn Global Forex, LLC, in order to enable World Trade Centers (WTCs) to deliver a comprehensive foreign exchange service program at significant cost savings to their members, business partners and clients. Benefits for WTCs include: Being able to offer members a differentiated foreign exchange program at highly discounted prices A unique business development and member retention tool Simple referral structure with no up-front costs Benefits for Members and Partners include: Potential savings of up to 80%...

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By Caroline Fagard, Director at Forensic Risk Alliance and Jesica Lindgren, General Counsel at Blue Star Strategies, LLC On 24 April 2013, the Rana Plaza factory building in Dhaka (Bangladesh) collapsed, killing more than 1,000 workers and wounding more than 1,500. Thirty-two U.S., Canadian and European labels and retailers were outsourcing garments to Rana Plaza factories, including a number of French ones. Following the tragedy, French members of parliament are proposing to implement a “Duty of Vigilance” or “Duty of Care” on...

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