Member News

Member News

7 Ways for Startups to work together to foster growth and investment

A common trait in Portuguese entrepreneurs is their excessive individuality. In traditional sectors this has been most unfortunate, as it has inhibited cooperation between exporting companies that are usually small in the world stage and could benefit hugely if they worked more closely together. ] I’ve even witnessed first hand a Private Equity firm trying to promote an agreement between portfolio companies to jointly scout a specific foreign market. At the first opportunity, companies tried to steal clients from one another!In the...

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SRR’s Women’s Resource Group is proud to Award Scholarships to Female Business Students

SRR's Women's Resource Group is proud to award scholarships to qualified female students pursuing a career in business. The purpose of the scholarship is to provide financial assistance to young women who embody SRR's core values and ambitions, and to aid in their aspirations of obtaining a business-related career. Congratulations to the Winners of SRR's Women in Business 2014 Scholarships (pictured above): Christina Wells - Michigan State University (top) Rachel Kitchens - University of South Carolina (lower left) Sarah Knop - Texas...

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NYC INCENTIVE PROGRAMS EXPIRE JUNE 30TH!

  Many of New York City’s as-of-right economic incentive programs are due to expire soon. This means that benefits used to attract and retain businesses throughout the five boroughs are at stake. If your company has projects which may be eligible for these benefits, please take note. Agreements and applications must be made 2 weeks before these programs expire. More information & link to download here

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Statement From Frick Collection Director Ian Wardropper on Expansion Proposal

“One year ago, The Frick Collection announced its plans for a building expansion to address the institution’s longstanding programmatic needs and better serve a visiting public that has grown substantially over the years. To realize this vision, the plan involved building on a lot that included the viewing garden on East 70th Street by landscape architect Russell Page. After months of public dialogue and thoughtful consideration and weighing the potential for a protracted approval process against the Frick’s pressing needs, the...

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BOS Container USA Inc. launches new website

BOS Container USA Inc. together with its sister company TK Markets Finland Oy have released a new website. The new release acts as a comprehensive list of our current dealership network, a portal for more information on our best selling Quick Build –container, as well as covers the rest of the BOS'  product range from warehouses to container warehouses to mobile boxes. Expanded picture gallery introduces various products in use. Visit www.boscontainer.com or email orders@boscontainer.com.  

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Ryanair Notches Up Another Win Against Price Comparison Sites

In recent years Irish airline Ryanair has been involved in numerous legal battles against so-called ‘screen scrapers’ across Europe. ‘Screen scraping’ is the manner in which some price-comparison websites automatically collect and compare data from various service providers’ websites without such service providers’ consent. This practice has led to litigation across Europe. In this most recent decision, the Irish Supreme Court confirmed that the Irish Courts have jurisdiction to deal with alleged screen scraping of the Ryanair site. This decision,...

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Corporate Spin-Offs: Slimmed Down for Excess Returns

A spin-off occurs when a company identifies a division or subsidiary of the company and separates it by creating a newly independent company. For a publicly traded company, this typically involves the parent company (the “Parent”) distributing shares of the subsidiary or division (“SpinCo”), usually resulting in the existing shareholders receiving a pro rata ownership share in each company. In 2014, more than 80 spin-offs were announced, a record high over the past five years. As shown in the chart, the number of announced spin-offs has exceeded that of...

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TREPP LLC Trading Alert: Wall Street Property Behind Previously Modified Loan Sold

According to a story by Lois Weiss of the New York Post, 100 Wall Street has been sold for $275 million, or $528 per square foot, to Cornerstone Real Estate Advisors. The property backs a $115.8 million loan that makes up 6.3% of LBUBS 2007-C6. For CMBS investors, the takeaways are that the credit enhancement for the deal will improve and that the loan can prepay freely now, 13 months before its June 2016 maturity date. The article states that the deal will close this summer. The A-4 bond will be...

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“Minibonds”: New Perspectives For Financing The SMES (Small And Medium Enterprises)

For various reasons, relating to the typical Italian SMEs nature and to the market structure, the financial requirements of Italian SMEs have traditionally been satisfied by bank financing. Law decree No. 83 of 2012 (“Development Decree”) marks an attempt to provide an alternative source of financing for SMEs, through recourse to the debt capital market. The Decree has expanded the opportunities to resort to capital market for Italian privately held companies, taking away restrictions set forth by corporate law...

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Keeping the App Store ‘Appy! Avoiding the Pitfalls of App Compliance, Part 2

Last week, we looked at the requirements for apps submitted to the Apple App Store. In this week’s post, we review the licence agreement and the various legal obligations placed on app developers. These obligations also create potential pitfalls in the development and publication of apps, including around the app terms, the app’s use of location services and general compliance with local laws. Requirements in the license agreement Aside from the Apple review guidelines, app developers are also subject to legal...

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