Member News

09 Mar
Member News, News

Connecticut Office Seeks Refinancing

Hines, Warren Private Clients, and Willett Companies are shopping for an $85 million floating-rate mortgage on their Class A office building 33 Benedict Place, which is located in downtown Greenwich, Connecticut. The new loan on the 119,344 square-foot space is intended to be used to payoff the current $70 million interest-only mortgage. The group of owners purchased the building from Unilever in 2005 for $87.5 million, and marketed the location for sale at around $140 million ($1,094 per square-foot) this past October without...

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09 Mar
Member News, News

Goldberg Segalla Accelerates Growth on Both Sides of the Atlantic

EACCNY member Goldberg Segalla is pleased to announce it has made significant moves that enhance the services it offers to its international client base and take its reach throughout the U.S. and across the globe to a new level. On March 9, Goldberg Segalla opened the doors of its North Carolina office. Led by nationally recognized insurance litigator David L. Brown, this team of seven lawyers brings a wealth of experience and extends Goldberg Segalla's footprint into several key jurisdictions in...

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06 Mar
Member News, News

ICAV legislation enacted

Ireland has been promising for some time to introduce a new type of corporate fund structure known as the "ICAV" which will not be required to be incorporated under the Irish Companies Acts and will not be a public limited company ("plc"). ICAVs will be available as UCITS and as AIFs, will offer a more administratively efficient structure for corporate fund vehicles (benefitting from the disapplication of company law provisions designed for trading companies), and will be structured so that...

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05 Mar
Member News, News, Uncategorized

EACCNY MEMBER INSIGHTS: E&Y on Global Hospitality: Top Thoughts for 2015

The global hospitality industry entered 2014 on an upward growth trajectory; a greater sense of optimism was palpable across most regions, as accelerating capital markets, favorable supply and demand balances, and strong investor appetites fueled higher transaction volumes and strengthened lodging fundamentals. Robust investor interest worldwide was reflected in the year’s key industry trends: •  More lodging projects broke ground as traditional lenders eased restrictions on construction loan originations. •  Accelerating cross-border capital flows intensified competition among domestic and international investor groups...

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04 Mar
Member News

SEC Targeting Broad Employee Confidentiality Clauses

The Securities and Exchange Commission (SEC) has recently contacted a number of companies seeking every confidentiality agreement, nondisclosure agreement, settlement agreement, and severance agreement the companies entered into with employees since the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) went into effect. According to a February 25, 2015 Wall Street Journal article, the SEC is also seeking documents related to corporate training on confidentiality, as well as “all documents that refer or relate to whistleblowing” and a list...

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03 Mar
Member News, News

Post AIFMD – Is Europe Worth it?

The introduction of the Alternative Investment Fund Managers Directive has brought with it many challenges for managers of non-EU alternative investment funds (AIFs) wishing to market their funds to EU investors. Currently, and at the earliest until late summer 2015, non-EU AIFs can only be actively marketed within the EU using national private placement regimes (NPPRs). Until at least 2018, non-EU managers of AIFs can market their funds to professional investors using the NPPR applicable to each individual member state. AIFMs...

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02 Mar
Member News, News

Goldberg Segalla’s Doors Open in St. Louis

In a move that signals its broadening national footprint and continued reach into the Midwest, EACCNY member Goldberg Segalla is pleased to announce that the doors to its St. Louis office are now officially open. The office — the firm’s 13th, located at 8000 Maryland Avenue — is helmed by nationally recognized insurance coverage and toxic tort attorney Kurtis B. Reeg. Mr. Reeg is joined by partner Paul L. Knobbe and associates David M. Frohlichstein, Lynn A. Lehnert, and Matthew...

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27 Feb
Member News, News

EACCNY MEMBER INSIGHTS: A Practical Approach To Navigating A US Business Launch

Entering the US market can often be a big step towards executing on the global growth strategy of a non-US company. US expansion often comes with great benefits.  A highly developed infrastructure and distribution channels, a large consumer base, the US is relatively stable with a well-defined legal framework to operate within and a highly skilled labor force to draw upon, to name a few.   However, expanding into the US for the first time is not without some risk.  Identifying...

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26 Feb
Member News, News

Everybody, Jump! – US Copyright Infringement Claim over Nike Air Jordan Logo

The iconic Michael Jordan ‘Jumpman’ logo has slam-dunked its way into a copyright infringement claim between Nike and New York photographer, Jacobus Rentmeester. In an interesting twist on the usual copyright claim of ‘you are stealing my photo for commercial use without my permission’, Rentmeester is arguing that Nike unlawfully recreated his 1984 photo of Jordan and used the recreation as inspiration to design the Jumpman logo. You can see the two images side-by-side here. This dispute is a reminder...

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26 Feb
Member News, News

Lisbon real estate more attractive than London

This year’s edition of Emerging Trends in Real Estate, an annual report which evaluates the interest of real estate developers and professionals in a list of 28 European cities has placed Lisbon in the top most attractive cities for investment purposes, above the likes of London and Milan.  Compiled by the Urban Land Institute and Price Waterhouse Coopers, researchers placed Lisbon in ninth on the rankings, up 17 places from the position it held only 12 months ago. This substantial rise...

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