In order to strengthen the EU’s policy of not recognising the annexation of Crimea and Sevastopol by Russia, the Council of the European Union has decided to reinforce the package of restrictive measures adopted on 23 June1 and 30 July2 targeting cooperation and exchanges with those regions. The recent Council Regulation (EU) No 1351/20143 (hereinafter the “New Regulation”) substantially broadens the former restrictions, notably the scope of the ban on investments. Enlargement of the scope of the EU restrictive measures...

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By Frederick J. Pomerantz and Aaron J. Aisen on December 23, 2014 At exactly 12:00 a.m. on January 1, 2015, the New Year will be celebrated amidst ball drops and renditions of “Auld Lang Syne.”  However, amidst the celebrations, the Terrorism Risk Insurance Act (TRIA) will expire.While there is a very real possibility that Congress will pass legislation renewing it in some form when the 114th Congress convenes in January 2015, insurance companies and their insureds are already feeling the...

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An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. The already-patented core innovation of the company...

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As relentless news reports have made clear, Sony Pictures Entertainment has suffered -- and continues to suffer -- a devastating cyber-attack on its computer systems.  According to press reports, a hacker group known as the “Guardians of Peace,” or “GOP,” has taken credit for the attack, which has paralyzed Sony’s network and leaked much as 100 terabytes of confidential information. Leaked data has included Social Security Numbers, employee and talent salaries, account and administrative passwords, sales plans, sensitive employee emails...

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DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $4 million export accounts receivable facility to a multinational shrimp exporter headquartered in Spain with facilities in the US and Argentina. The client, who provides cold water shrimp to retailers and wholesalers in Europe, Asia, the US, and GCC, is growing rapidly because of falling exports from the US and anticipates a total factored volume in excess of $30 million for 2015. "We’re very pleased...

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The Lightstone Group will be clearing out 485 Seventh Avenue over the next year for a gut renovation of their newest investment. Crains New York reported that Eretz Group recently sold the building to Lightstone for $200 million. The property is situated between Times Square and Penn Station, a location that Lightstone believes is best suited for a hotel or a high-end office building. Current leases in the building can be terminated within a year to make way for the coming renovations. The 255,908...

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The Article 29 Working Party (“Working Party”) – the collection of EU Member States’ national data protection authorities (“DPAs”) – has issued its much awaited guidance on how DPAs should implement the Court of Justice of the European Union’s (“CJEU”) Google Spain judgment. The CJEU’s judgment recognised a right of individuals to be ‘forgotten’ on search engines. EU citizens and residents were empowered, in certain circumstances, to request that links returned against their names by search engines be de-listed. While the...

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The firm has signed two agreements with the Spanish Ministry of Health, Social Services and Equality to increase the number of women in management positions and on its board of directors. Cuatrecasas, Gonçalves Pereira has signed two collaboration agreements with the Spanish Ministry of Health, Social Services and Equality to promote female representation in management positions and encourage female leadership. Ana Mato, Spanish Minister for Health, Social Services and Equality, and Rafael Fontana, Chairman and Managing Partner of Cuatrecasas, Gonçalves...

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GRANITO is pleased to announce its support and endorsement of Impact Funds, evidenced by its joining the Women's Impact Fund, a collective giving organization of 400 women operating in the Charlotte community. GRANITO's support is based on its believe that collaborative sources of funding can help drive progress by spurring change, growth and innovation, especially in situations where other sources of financial support are either non-existent or buried with restraints. GRANITO welcomes others to collaborate and grow globally with them in 2014. More...

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The current Dutch Government is focusing heavily on innovation. The Ministry of Economic Affairs, for example, has established a whole raft of subsidy schemes via which the government is pumping millions of euro per year into the Dutch economy. This, however, is not the only way in which the government can encourage innovation. Innovation should also be encouraged by constant efforts on the part of government to respond to technical developments. This in turn requires that legislation be rapidly...

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