According to June servicer data, the $84.8 million Bryant Park Hotel loan was resolved this month for a $25.7 million loss. The hotel was sold out of foreclosure for $65 million to the controlling class using a fair value purchase option according to a Barclays research note. An appraisal done this past February valued the midtown Manhattan hotel at $71 million. Repayment of fees, interest shortfalls, and advances totaled $6 million, and the remaining $59 million paid down the A-3 tranche of JPMCC 2007-CIBC18. The...

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With offices and affiliates in eleven countries, the DS-Concept Global Network creates international cash-flow solutions across the global supply chain. Take a look at our most recent global transactions shown below, and feel free to contact them regarding your international working capital needs. Recent Global Transactions: Turkish Seafood Distributor €10,000,000 A Turkish fish producer, with an annual turnover of 10 Million Euro, has signed a contract with DS-Concept to support their exports to several European countries. US Automotive Products Manufacturer $1,500,000 DS-Concept has provided a $1.5 Million export accounts receivable facility...

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Granito is pleased to announce the completion of its hands-on and interactive 2014 corporate development training program for young executives.   The program was created with the aim toward training emerging young executives in leadership skills and cross-border cultural differences that may emerge in a global work environment. While each group of trainees participated in a program tailored specifically to their needs, generally the program commenced with a visit to GRANITO's  New York Office, and continued with the attending of  lectures, various...

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The government of the Cayman Islands has introduced the Directors Registration and Licensing Law 2014 (the “Law”), together with implementing Regulations, pursuant to which individuals and corporate companies acting as directors of certain covered entities need to be either registered or licensed. The Law was passed on Thursday, April 10, 2014 and took effect on June 4, 2014 subject to limited exceptions. Below is a link to a Dillon Eustace client briefing which outlines some of the key aspects of the Law and the next steps...

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The twelve 70ft yachts competing in the world's longest ocean race gave a spectacular salute to New York today in a parade of sail in the Hudson along the iconic Lower Manhattan skyline and passed the Statue of Liberty. This is the final leg of the 11 month, 40,000-mile Clipper Round the World Yacht Race back to London where it started last September. The Clipper Race is the only race of its kind in the world for amateur sailors, and...

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PEPPER HAMILTON: Privacy and Security Client Alert In May 2014, California’s Attorney General Kamala Harris released recommendations for businesses addressing recent changes and best practices under California’s privacy laws. The guide is entitled “Making Your Privacy Practices Public: Recommendations on Developing a Meaningful Privacy Policy.”1 California is widely known for leading the nation in privacy laws, and particularly laws with respect to Web site privacy policies. Because these laws apply to any Web site with visitors from California, regardless of...

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Animated Series Based Around Healthy Eating and Nutrition Sprouts Fun Grow-Your-Own-Food Program for Kids NEW YORK (June 9, 2014) – Nutri Ventures Corp. and fast-growing seed company Home Farmer will team up to bring a fun, colorful line of backyard seeds and gardening accessories to kids in the first licensing initiative announced for NUTRI VENTURES: THE QUEST FOR THE 7 KINGDOMS. NUTRI VENTURES-branded broccoli, tomato, basil and cilantro seeds will be contained in kid-friendly, vibrantly colored bamboo pots to which kids will...

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The optimism about the private equity, venture capital and leveraged finance sector in the Benelux in 2014 has increased significantly compared to 2013. The industry also expects an increase in the private equity deal volumes, especially in the mid-markets. That is what NautaDutilh concludes in its 2014 market outlook report. Click here for the report in European format Click here for the report in US format

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An increasing number of online services are becoming available in the EU. This was the conclusion of the so-called E-Government Benchmark study carried out by the IT consulting company Capgemini and published by the EU Commission. Austria continues to clearly outperform the European average in the E-Government Benchmark 2014 report. For example, some 90 percent of official documents are accessible online in Austria. Austria was also praised in the study for the availability of key technologies such as the mobile...

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GRANITO is pleased to announce it has been asked by foreign distributors to source foreign food products for distribution into the Columbia and Venezuela markets. GRANITO continues to use its network and experience in cross border transactions to make opportunities available to businesses in the position to expand their exports, but in need of distributors. GRANITO welcomes suppliers with products servicing the needs of the South American markets to grow globally with them in 2014. To reach out to Granito visit: www.granitocorporateadvisory.com

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