GRANITO is pleased to announce a new partnership with Avv. Maria Calabrese, a former Honorary Public Prosecutor, Professor of Civil Law at the University of Campobasso, expert lawyer qualified at the Highest Supreme Court and a Regional President of the International  Federation of Business and Professional Women. Avv. Calabrese's experince will complement GRANITO's legal arm and will provide support in connection with initiatives relating to the promotion of legal compliance for companies doing business globally. Because of the new partnership, GRANITO has opened an additional office within...

Read more

This article was published in the June 12, 2014 issue of Westlaw Journal Securities Litigation & Regulation (Volume 20, Issue 3), published biweekly by Thomson Reuters. Can a Foreign Issuer Participate and Present in Meetings with the Investment Community in the United States? As long as a foreign issuer is careful that no activities will constitute an offer or a sale of its securities under U.S. securities laws, it may present to the U.S. investment community. An offer is defined...

Read more

The Supreme Court decision last year on June 13, 2013 in Association of Molecular Pathology v. Myriad Genetics1 may have been a watershed moment for the biotechnology industry. So far the effects have been hard to detect, but don’t be fooled. The storm is still brewing. At the center of the controversy in the Myriad case was Myriad’s so-called gene patents, which the Supreme Court struck down. The Court ruled that the isolation and identification of naturally occurring DNA sequences...

Read more

Portolano Cavallo, a EACCNY Member, has been recognized as “TMT Law Firm of the Year” in Italy at the Legal Community IP & TMT Awards 2014, for its knowledge and technical skills. Here is the full explanation. Portolanos excellence in the TMT sector is also shown through 11 individual or firm-wide shortlists. Furthermore, Portolano Cavallo won in 2 categories at the European Women in Business Law Awards 2014, by Euromoney Legal Media Group’s: •    Best firm in Italy, for the third year in a row •    Best National Firm for Talent Management, European award, for...

Read more

Please join the Trade Commission of Spain in New York, a EACCNY Member, for a celebration of Foods & Wines from Spain. This is the second edition of Spain's Tapas Trail, to be held from 14 to 21 July 2014 in New York. This year 25 Spanish restaurants in New York will participate. The restaurants will offer a special menu which comprises a tapa and a glass of Spanish wine for $ 10. Our sponsors for this event are Freixenet, Olives...

Read more

EACCNY Member Granito Advisory Services is pleased to announce that its CEO, Ruthann Granito, is the winner of the prestigious Golden Apple - Mela D'oro  2014 Award for her commitment on an  international basis to women  in leadership roles. The award was created by the Honorable Lella Golfo, now world famous for causing the laws within Europe to change and require equality for women to sit on Boards of publically traded companies. This pre-eminent Award commenced in 1989 in memory of Marisa Bellisario, a former...

Read more

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...

Read more

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...

Read more

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...

Read more

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...

Read more