15 Aug
New York Related News

NYCEDC Launches Emerging Developer Loan Fund

Fund includes $10m of capital committed by NYCEDC for pre-development and land acquisition loans Fund provides low-interest loans to NYC-based real estate projects including mixed-income and mixed-use residential, industrial and commercial projects with development costs under $30M The New York City Economic Development Corporation (NYCEDC), in partnership with Basis Management Group, LLC, today announced the launch of the Emerging Developer Loan Fund (EDLF), which includes $10 million of capital committed by NYCEDC. Many emerging developers, particularly minority and women-owned firms, often face...

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15 Aug
Member News

Factoring: the underappreciated but fast source of working capital.

It takes money to make money, as any business owner knows. But many businesses also know what it’s like to be turned down by a bank for a loan or line of credit, not get as much as they need, or simply not get the cash quickly enough. It’s not just start-ups that run into financing difficulties. Even an established company that is growing rapidly will frequently have financial challenges. To make matters worse, owners of small or early...

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15 Aug
Chapter News

The EACC Paris is proud to announce its new Deputy Executive Director

The EACC Paris is proud to announce the arrival of Jean-Yves as Deputy Executive Director of the EACC Paris. Until recently Jean-Yves was the Head of the Press and Public Affairs department and the Spokesperson of the British Embassy in France for six and a half years. Before that, he had been Deputy Spokesperson of the French Permanent Representation of France to the United Nations in New York, and then a communications officer for the French Presidency of the...

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15 Aug
Member News

RPL Partner Larry Brocchini Provides Overview of Landmark Federal Trade Secrets Act

Recently, Congress enacted, and President Obama signed, the Defend Trade Secrets Act of 2016 (“DTSA”), the first comprehensive federal trade secrets legislation.  This landmark legislation provides a federal civil remedy for the misappropriation of trade secrets, thereby allowing trade secret owners to protect their innovations and seek redress in federal court—as owners of copyrights, patents and trademarks have already been able to—when violations of their rights occur. Unlike other types of intellectual property, trade secrets have primarily been defined and...

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15 Aug
Member News

Reed Smith Adds Superstar Entertainment & Media Partner in New York

NEW YORK (August 9, 2016) – Reed Smith LLP today announced the addition of Jess Drabkin as a partner in the firm’s global Entertainment & Media Industry Group in New York. Drabkin was most recently a partner at Grubman Shire & Meiselas. The addition of Drabkin follows on that of Leif Reinstein who joined the firm’s Entertainment & Media Industry Group in Los Angeles in April. “Jess is a world-class entertainment and corporate lawyer and we are incredibly fortunate to...

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12 Aug
Chapter News, New York Related News

Governor Cuomo Launches New York State Grown & Certified Food Program

Program Includes New $20 Million Food Hub in the Bronx First-of-its-Kind Food Certification Program Promotes Upstate Agriculture and Access to Farm-Fresh Food Certification Program Supported by Marketing Campaign – Watch Digital Video Ad Here and Visit certified.ny.gov State-of-the-Art, 120,000 Square-Foot Greenmarket Regional Food Hub in Hunts Point will Create 245 Jobs and Distribute New York State Grown & Certified Products Governor Andrew M. Cuomo today launched the New York State Grown & Certified program and announced a new $20 million food hub...

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12 Aug
Member News

VAT – New landmark case law

On 10 August 2016, the Luxembourg court of appeal overturned the decision of the Luxembourg lower administrative tribunal regarding the VAT treatment of fund investment management services supplied by a Luxembourg based asset manager to an Irish SICAV and entirely delegated to a US service provider. Arendt & Medernach's intervention for the asset manager concerned (i) the right of VAT deduction of the Luxembourg asset manager and by extension, (ii) the VAT exemption applicable on the delegated services. Regarding the...

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11 Aug
Member News

Treasury Department Proposes New Rules for Family Controlled Business Valuations

The Treasury Department issued proposed regulations to Section 2704 of the Internal Revenue Code on August 4, 2016 that will likely increase the value of intra-family transfers of equity interests in a family controlled business entity for gift, estate, and generation-skipping transfer (GST) tax purposes, and also increase the number of valuation disputes between taxpayers and the government. The proposed regulations are controversial and, if adopted, could have a significant impact on the business succession plans of many family...

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11 Aug
Member News

Pirelli tyres handle the fastest WRC event in Finland

The Pirelli Scorpion K gravel tyres stood up to the fastest stages on the World Rally Championship on Rally Finland. Although the stages around host city Jyväskylä are not as rough as those on many other WRC events, they are extremely fast; this year’s event was the quickest in WRC history, beating the previous record set in Finland in 2015. Good grip and stability from the tyres are crucial, and at these speeds and on the many big jumps that make...

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11 Aug
Member News

Agreement strengthens EY position as a leader in digital analytics and big data services for compelling customer experiences

EY announces that the team from Society Consulting, a US-based market-leading analytics and big data consulting firm in Seattle, Washington, has joined Ernst & Young LLP in the US. Society Consulting is known for aggregating, organizing and visualizing companies’ data to improve the customer experience for its clients across a variety of media channels, and creating scalable, actionable analytics solutions that span all customer touch points. Its services include web development, dynamic content strategy, content management, personalization, segmentation and campaign...

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