Chapter News

International Trade in Services

International trade in services - EU trade in services continued to rise strongly in 2015… ... but total surplus down for a second consecutive year The international trade in services of the European Union (EU) has increased steadily and significantly over the last six years. EU exports of services to the rest of the world rose by 42%, from €569.5 billion in 2010 to €811.2 bn in 2015, while imports grew slightly more rapidly (+43%) from €461.6 bn to €660.5...

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New York Related News

Governor Cuomo Announces $743,000 in Grants to Support New York State Agribusiness

Governor Andrew M. Cuomo today announced the New Farmers Grant Fund will provide over $743,000 in grants to support 25 early-stage agricultural businesses across New York State. The purpose of the fund, now in its second round, is to assist early-stage farmers in improving their farm’s profitability, and as a result, adding to the diversification and growth of New York’s agricultural sector. "Agriculture remains a critical component of the New York's economy and these grants will help ensure this industry's...

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Member News

M&A Market Update: The Unknown Unknowns

Overview  “s we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t know. And if one looks throughout the history of our country and other free countries, it is the latter category that tends to be the difficult one.” — Former United States Secretary...

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Member News

EEOC Releases Proposed Enforcement Guidance On National Origin Discrimination For Public Comments

On June 2, 2016, the U.S. Equal Employment Opportunity Commission (“EEOC”) released, for a 30-day public input period, proposed enforcement guidance addressing national origin discrimination under Title VII of the Civil Rights Act of 1964 (“Title VII”).  The EEOC last comprehensively addressed national origin discrimination in 2002, and the revised guidance addresses important issues and significant legal developments that have occurred since that time. Title VII protects individuals from employment discrimination (as well as retaliation) based on their race, color,...

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Member News

Former AT&T Office in New Jersey Auctioned Off; Big Loss Forthcoming

Last month, EACCNY member Trepp, LLC noted that the property behind the long-troubled, $41.3 million AT&T Consumer Services Headquarters loan would be auctioned off in early June. That auction took place and a Kroll email from yesterday indicated that the final bid was $9 million. That was said to have met the reserve price and the asset has been sold. Kroll is now expecting a 100% loss on the asset based upon that sales price. The face amount of the REO...

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Chapter News

MEPs to debate if €315 billion investment plan for Europe is delivering

MEPs debate on Wednesday morning whether the EU's €315 billion investment plan to fuel Europe's economic recovery by mobilising public and private investment is delivering. According to the European Commission, the first year of the European Fund for Strategic Investments (EFSI) has been promising. Follow the discussion with Commissioner Jyrki Katainen live online from 9.00 CET. How it works The aim of EFSI, run by the European Investment Bank (EIB), is to provide public support for projects that are economically viable,...

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Chapter News

Putting culture at the heart of EU international relations

The European Commission adopts a Strategy for international cultural relations which will contribute to making the EU a stronger global actor. The Strategy aims at encouraging cultural cooperation between the EU and its partner countries. The Strategy for international cultural relations presented by the European Commission and the EU High Representative for Foreign Affairs and Security Policy Federica Mogherini proposes a strategic framework for deeper and more effective international cultural relations. The Communication adopted also puts forward  a new model for...

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Chapter News

Parliament calls for EU action to help farmers fight unfair trading practices

MEPs urge the EU Commission to put forward proposals against unfair trading practices in the food supply chain, so as to ensure fair earnings for farmers and a wide choice for consumers, in a resolution voted on Tuesday. The aim should be to ensure fair and transparent trade relations among food producers, suppliers and distributors. Fair trading should in turn help to prevent overproduction and food waste, they add. "The initiatives taken so far have not been effective. That's why...

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Chapter News

Capital markets union: Council agrees its stance on prospectus rules

On 8 June 2016, the Permanent Representatives Committee (Coreper) agreed, on behalf of the Council, a negotiating stance on new rules on prospectuses for the issuing and offering of securities.  The draft regulation is aimed at reducing one of the main regulatory hurdles that companies face when issuing equity and debt securities. It sets out to simplify and alleviate administrative obligations related to the publication of prospectuses in a manner that still ensures that investors are well informed. "This is an important...

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