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28 Jan

World Privacy Day 2015 – What the Next 12 Months Might Bring

Posted by EACCNY
January 28, 2015

With today’s date marking Data Privacy Day 2015, we look back on some of our top stories in the past year. We also glance forward to the coming 12 months and what they may hold for privacy law. It is important to point out that the last few years have unfolded to the backdrop of Edward Snowden’s allegations of mass surveillance and data collection. This is reflected, in some sense, in the court decisions and stories arising in that...

23 Jan

Member News, News

Trepp Credit Story: More to Worry About for Big 2006 Stamford Loan

Posted by EACCNY
January 23, 2015

Being knowledgeable in CMBS is a lot like being a good comedian or being successful at Jeopardy, it certainly helps to know a little bit about a lot of different topics. Good CMBS investors can rattle off the prospects of retailers like Sears and J.C. Penney; they know what cities, borrowers, and buildings could be impacted by $40 oil; they now know how to pronounce Lake Pontchartrain; and they have a grasp of the potential affect of the sequester on...

23 Jan

Member News, News

new proposed federal and new York state cybersecurity and data privacy initiatives

Posted by EACCNY
January 23, 2015

Last year proved to be full of unprecedented challenges to the cybersecurity infrastructure of the U.S. economy. Security breaches at Sony Pictures, Target, Apple, JPMorgan, and Home Depot have featured prominently in the news cycle over the past year and highlighted the many risks faced by public companies and their board members. Indeed, the National Association of Corporate Directors has listed cybersecurity as one of the three critical challenges for public company directors in 2015, and not without good...

22 Jan

Member News

Data Protection: ‘One-Stop Shop’ Reimagined?

Posted by EACCNY
January 22, 2015

One of the central pillars of the General Data Protection Regulation (the “Regulation”) is the concept of the ‘one-stop shop’. As the Regulation slowly works its way through the European legislative process, the proposition that large tech companies with presences in many member states will be required to deal only with a single data protection authority has remained at the core of the proposal. However, a recent proposal from the Italian Presidency of the European Union has suggested significant...

21 Jan

Member News

EU & Antitrust – A Review of 2014

Posted by EACCNY
January 21, 2015

2014 has been an exceptionally busy year for Irish competition and merger control law. Most notable changes are those to the general merger control thresholds and a complete overhaul of the media merger regime. Competition and Consumer Protection Act 2014 The Competition and Consumer Protection Act 2014 (the “Act”) entered into force on 31 October 2014. As a result, the Competition Authority and National Consumer Agency have merged, creating a unified regulator called the Competition and Consumer Protection Commission (the “Irish...

21 Jan

Member News, News

DS-Concept Provides $4 Million Factoring Facility to Multinational Seafood Exporter

Posted by EACCNY
January 21, 2015

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...

12 Jan

Member News, News

Bragging For Women is Launching in New York

Posted by EACCNY
January 22, 2015

Lena Beck Rørvig, CEO and Founder of EACCNY member Beck Global Consulting, is launching her new concept braggingforwomen in New York City on January 27th, 2015. What is braggingforwomen? For Creator and Founder Lena Beck Rørvig, the mission is to give women the tools, guidance and encouragement to advocate for themselves at their workplace. Give them the confidence and inspiration to be proud of who they are and what they have accomplished and can accomplish. By Lena Beck Rørvig: "I am very excited about this new wave towards...

06 Jan

Member News, News

Got Shale? What Could Declining Oil Prices Do to CMBS?

Posted by EACCNY
January 6, 2015

The price of oil dropped several more percentage points on Monday, falling below $50 for the first time since 2009. We do not pretend to be experts in Texas or Oklahoma geography, but we did take a crack at trying to put together a list of loans in certain geographies that could be affected by plummeting oil prices. Our analysts started by creating a list of zip codes that fell within the shale drilling areas. (One such shale map is here). From there,...

29 Dec

Member News, News

Crimea and Sevastopol – Substantial EU additional sanctions on investment, services and trade

Posted by EACCNY
December 29, 2014

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...

23 Dec

Member News, News

TRIA – When the Ball Drops, No Need to Panic But…

Posted by EACCNY
December 23, 2014

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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