Member News

Pepper Hamilton Formalizes Cannabis Industry Group

Law Firm Leverages Experience in Legal Marijuana Industry Building on the firm’s already deep experience in the legal marijuana business, Pepper Hamilton has announced the formalization of its Cannabis Industry Group. Comprising attorneys from several key practice areas, the newly formed group will advise on all aspects of the burgeoning cannabis industry, from entity formation and capital raises through patent protection and regulatory compliance. The Cannabis Industry Group is led by Alva Mather, Jay Dubow and Michael Jones. Attorneys from a...

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Member News

Pennsylvania Court Provides Commercial Property Owners With Defense to Tax Assessment Appeals

Client Alert: 7/20/2017 Executive Summary The Uniformity Clause of the Pennsylvania Constitution requires all real property in a taxing district to be classified as a single class — real estate — for tax purposes, and taxing authorities may not create sub-classifications based on property type (i.e., commercial, apartment or single-family home). Pennsylvania taxpayers, especially commercial property owners, who are currently subject to assessment appeals may have a challenge to appeals based on the Uniformity Clause of the Pennsylvania Constitution. Discussion On July...

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Member News, Uncategorized

“Don’t Forget Culture,” by Bill Rhodes

The U.S. Treasury’s recent 147-page report, “A Financial System That Creates Economic Opportunities,” details a rollback of many of the measures imposed to make banking safe and sound after the financial crisis. The proposals include substantial weakening of the Dodd-Frank financial-reform law. At the same time, White House appointments to several bank regulatory agencies are likely to promote measures that result in reductions in bank compliance costs, capital requirements and liquidity constraints. Right now, consideration is also being given in...

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Chapter News

Monetary policy decisions: The ECB and Interest Rates

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases. Regarding non-standard monetary policy measures, the Governing Council confirms...

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Chapter News

EU customs seized over 41 million fake goods at EU borders last year

New figures released by the European Commission today show that customs authorities detained more than 41 million fake and counterfeit products at the EU's external border in 2016. The goods had a total value of over €670 million. Everyday products which are potentially dangerous to health and safety – such as food and drink, medicines, toys and household electrical goods - accounted for over a third of all intercepted goods.  Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs,...

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Chapter News

Being Green: From waste to innovative and greener fertilisers

Increase use of recycled materials to produce fertilisers, reducing waste and energy consumption Limits for contaminants to protect health and environment Farmers and consumers to have a wider choice Innovative fertilisers produced from organic or recycled materials will have easier access to the EU single market, under draft rules put to the vote on Thursday. Existing EU rules on fertilisers cover mainly conventional fertilisers, typically extracted from mines or produced chemically, with high energy-consumption and CO2 production. Diverging national rules make...

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Chapter News, Uncategorized

Investment Plan for Europe: EIB and Santander sign two agreements to support SMEs and finance renewable energy projects

The European Investment Bank (EIB) and Banco Santander have signed two agreements with Investment Plan for Europe guarantees to provide financing for Spanish SMEs and help develop investment in renewable energy. The first of the agreements is a new EIB instrument to spread credit risk across both institutions. This financial instrument will enable Banco Santander to expand its capacity to grant loans to finance new investments from Spanish SMEs, which will be able to benefit from the favourable financing conditions made possible...

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Chapter News

Employment and social developments in Europe: 2017 review shows positive trends but highlights high burden on the young

This year's edition confirms positive labour market and social trends and continued economic growth. With over 234 million people having a job, employment has never been as high as today in the EU and unemployment is at its lowest level since December 2008. Since 2013, 10 million jobs have been created in the EU. But looking beyond the overall social and economic progress, evidence shows that there is a particularly heavy burden on younger generations: they tend to have...

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Member News

Environmental Services Market Update: Q2 2017

  July 2017 Lincoln International is pleased to present the latest issue of its Environmental Services Market Update: Q2 2017   CHICAGO, IL – Lincoln International is pleased to present the latest issue of our Environmental Services Market Update, a quarterly publication from our Business Services Group. As you will see, the Lincoln International Environmental Services Stock Index experienced a rise in Q2 2017 when compared to the prior quarter, while M&A activity in the environmental services sector fell significantly in Q1 2017...

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Member News

Houlihan Lokey Advises Borden Dairy Company

Houlihan Lokey is pleased to announce that Borden Dairy Company (Borden) has been recapitalized by ACON Investments, LLC (ACON). Financial terms of the transaction were not disclosed. The transaction closed on July 6, 2017. Founded in 1857, Borden is one of the largest fresh fluid dairy processors in the U.S., operating 13 facilities across the country with more than 500 million gallons of annual milk-processing capacity. The company markets its dairy products under the iconic Borden brand and Elsie the...

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