27 Jul
Member News

5 Tips from our Candidate Attraction Playbook

When it comes to hiring the right people who really fit their business, small-to-mid size organizations actually have a significant advantage over large corporations. The ability to act quickly, adjust roles to fit specific skill sets, and grant access to senior leadership during the interview process creates an environment of trust and mutual respect between candidates and hiring managers. With a well thought out recruiting process, you can ensure you’re not losing the right people for the wrong reasons...

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27 Jul
Member News

IIE Recognizes Qualcomm’s leadership in closing the gender gap in STEM

SAN DIEGO, July 12, 2016—This summer, thirty middle school girls will graduate from Qcamp for Girls in STEM, developed and implemented by Qualcomm Incorporated and the Institute of International Education (IIE). This year marks the third year of Qcamp for Girls, a two-week, free-of-charge intensive summer camp designed to introduce and solidify middle school students’ interest in science, technology, engineering and math (STEM). Following the success of the first cohort of students, Qualcomm and IIE will expand Qcamp for...

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27 Jul
Member News

Houlihan Lokey Advises Far Niente Wine Estates

Houlihan Lokey's Consumer, Food & Retail Group is pleased to announce that Far Niente Wine Estates has received a strategic investment from GI Partners. The transaction closed on June 10, 2016. Houlihan Lokey, along with Richard Mendelson, served as the exclusive financial advisor to Far Niente Wine Estates and assisted in structuring and negotiating the transaction on their behalf. This deal represents a landmark transaction for Houlihan Lokey in the wine industry. Far Niente was established in Oakville, Calif., in 1885 and...

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27 Jul
Chapter News

Council rotating presidencies: decision on revised order due to Brexit

On 26 July 2016, the Council adopted a decision establishing a revised order in which the member states will hold the presidency of the Council of the EU until 2030. Following the UK decision to relinquish the Council presidency in the second half of 2017, the Council decided to bring forward by six months the order of presidencies, starting from 1 July 2017. It also decided to add Croatia, which was not yet a member state at the time of the...

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27 Jul
Chapter News

President Juncker appoints Michel Barnier as Chief Negotiator in charge of the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 of the TEU

Today, President Juncker appointed Michel Barnier as Chief Negotiator in charge of leading the Commission Taskforce for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 of the TEU. Today, the President of the European Commission, Jean-Claude Juncker, appointed Michel Barnier, former Vice-President of the European Commission and former French Minister, as Chief Negotiator in charge of leading the Commission Taskforce for the Preparation and Conduct of the Negotiations with the United Kingdom under Article...

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26 Jul
Member News

Vision Impact Institute Mid-Year Update

President’s Column We’re midway through 2016, and while many of you are taking a much-needed and well-deserved break from your day jobs, I want to take a moment to share all the Vision Impact Institute (VII) has accomplished as we continue to strive toward goals we set for our organization earlier this year.   At the outset of 2016, we renewed our support for Vision2020, a global program of the World Health Organization (WHO) and the International Agency for the Prevention...

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26 Jul
Member News

German Employee’s Dismissal at U.S. Regulator’s Behest Ruled Invalid

On July 13, 2016, the Frankfurt Higher Labor Court held the dismissal of an employee in response to demands by the New York State Department of Financial Services (NYDFS) was invalid. (Frankfurt Labor Court, 18 Sa 1498/15). This holding demonstrates that obligations imposed by agreements with U.S. supervisory authorities do not supersede German employment dismissal law. In this case, a Commerzbank employee in Germany challenged his dismissal, which was made following demands by the NYDFS, a financial supervisory authority. The...

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25 Jul
Member News

Appraised Value for New Jersey Office Cut

According to July remittance data, the value of the property that backs the $40.3 million 4 Becker Farm Road note has been revised down to $31.5 million. The loan, now past its May 2016 maturity date, makes up 7.57% of the colllateral behind WBCMT 2006-C26. At the moment, the loan is not carrying an appraisal reduction. Located in Roseland, New Jersey, the 281,762 square-foot suburban office was previously appraised for $53.8 million at securitization in 2006. Earlier this year, the borrower requested...

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25 Jul
Member News

Friday’s Activity: Stocks Back in the Win Column; CMBS and CMBX Spreads Narrow

After a brief timeout on Thursday, US stocks resumed their winning ways on Friday. The Dow gained 54 points (0.29%) while the S&P 500 and Nasdaq added 0.46% and 0.52%, respectively. The 10-year Treasury yield was unchanged, ending at 1.57%. CMBS cash trading was quiet on Friday as less than $100 million was out for bid. Cash spreads continued to grind tighter and outpaced CMBX as it did for the majority of last week. For new issue, AAA cash paper, spreads narrowed...

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25 Jul
Chapter News

European Parliament to offset its 2015 carbon emissions

The European Parliament aims to become the first 100% carbon neutral EU institution, as decided at the end of last year by the Bureau (President, Vice-Presidents and Quaestors). In order to fulfil this commitment, a call for tender was opened on 16 July 2016. Parliament’s first carbon-offsetting scheme, in force since September 2011, included emissions only from official staff travel and official cars, as well as energy use in Parliament buildings. The new scheme encompasses all Parliaments' irreducible carbon emissions,...

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