Law Firm’s Booming Intellectual Property Practice Plants Flag in the Heart of Tech Country - New Office Marks Third Pepper Office in California San Francisco (November, 2013) — Marking the beginning of its expansion into Northern California—the center of the nation’s high-technology industry and home to seven of the top 10 patent-producing cities—AmLaw100 firm Pepper Hamilton LLP, a founding member of the EACCNY, today opened the doors of its new Silicon Valley office. The office will complement Pepper’s two existing...

Read more

EACC New York Member GRANITO has expanded once again, this time to actively assist companies, both in the US and Europe, to increase their business in the Netherlands. With the addition of Attorney Johan De Flines, an international Dutch lawyer,  Granito's Team is in a ready position to further aid its clients involved in cross-border business. The arrival of Avv. De Flines illustrates Granito's goal to actively expand into those countries which can benefit corporations seeking to increase profits beyond their home borders, whether by expanding exports, contracts,...

Read more

It appears that the $65 million 75 Rockefeller Plaza loan will show up as defeased soon. According to a Commercial Real Estate Direct piece, MassMutual has refinanced the note with a new 40 year loan. The existing loan makes up over 50% of COMM 2003-LB1A. The loan matures in August 2014, but the note may be prepaid four months earlier. When trading this deal, make sure you account for the upcoming jump in the defeasance percentage and the likelihood that the loan will payoff once...

Read more

Compliments of EACCNY Member Houthoff Buruma Shadow banking is a hot topic in the financial and regulatory world. Shadow banking was defined by the Financial Stability Board as the system of credit intermediation that involves entities and activities outside the regular banking system. Although shadow banks conduct activities similar to those of banks, unlike banks, they are currently not regulated. The relevance of shadow banking is partly caused by its size. The FSB has roughly estimated the size of the global...

Read more

The Trepp CMBS delinquency rate continued to race lower in October, falling below the 8% level for the first time since early 2010. October marks the fifth consecutive month of rate improvement. Over the course of the month, the rate dropped 16 basis points, bringing the delinquency rate for US commercial real estate loans in CMBS to 7.98%. The Trepp delinquency rate has dropped 236 basis points since the summer of 2012 when the rate reached an all-time high of...

Read more

Granito Corporate Advisory, a EACCNY member, has expanded its reach within commercial transactions with the addition of  Dr. Marco Trabucchi,  GRANITO's new head of its Fiscal and Commercial Division. Dr. Trabucchi is an accountant and auditor of large and medium companies With a long experience in the administrative and fiscal reorganization of companies  in extraordinary transactions such as mergers, demergers and transformation, he has a particular focus on those activities that have cross-border profiles and with respect to which complex...

Read more

The Central Bank of Ireland (the “Central Bank”) has set 21 February 2014 as the latest date for receipt of applications from AIFMs wishing to be authorised before the end of the transition period on 22 July 2014. On 15 May 2013, the Central Bank announced that it was accepting applications for Alternative Investment Funds (“AIFs”) and Alternative Investment Fund Managers (“AIFMs”) under the Alternative Investment Fund Managers Directive (the “AIFMD”). This has enabled AIFs and AIFMs wishing to avail of...

Read more

Take Care - EMIR impacts Cayman Funds: As managers of Cayman Funds are coming to grips with the reporting requirements of AIFMDi, a second wave of European legislation, namely EMIR, approaches the Cayman Islands. EMIRii will have to be navigated by Cayman Funds trading derivatives both with European Union counterparties, and, in certain circumstances, even when trading with non-European Union counterparties. Although the provisions of EMIR principally impact European entities which are financial counterpartiesiii ("FCs") and non-financial counterpartiesiv ("NFCs") as...

Read more

BOS GmbH Best Of Steel of Germany, is bringing its portable steel storage containers to the U.S. market. Quick Build containers travel flat packed and can be assembled easily without tools in just minutes. Containers come in six different sizes and can be accompanied with numerous accessories, including electric package (electric outlet and light), access ramp, shelving systems, and racks to support tools, clothing or cable/hose. For the past two years BOS has partnered with TK Markets in the Finnish, Swedish,...

Read more

SEC Hits the ‘Reset Button’ on Failure to Supervise Liability for Legal and Compliance Personnel Friday, October 18, 2013 | This article originally appeared in the October 2013 issue of NSCP Currents. The U.S. Securities and Exchange Commission (SEC) – quietly, and with little fanfare – released an informal statement of policy in the form of frequently asked questions (FAQ), in which it addressed its recent case against Ted Urban.1 In doing so, the SEC shed light on when and how...

Read more