03 Mar
Chapter News

Rutte: To get the most from the single market, we need to do a lot more

At the BUSINESSEUROPE Day in Brussels today, Prime Minister Mark Rutte spoke about the challenges facing the EU single market. The single market has already brought member states many benefits, but its huge potential is still not being fully exploited. The theme of the day was ‘reform to perform’. Many EU companies are opting to do business with the US or Far East, rather than with the 500 million consumers on their doorstep. EU rules that should be assisting them...

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03 Mar
Chapter News

Vice-President Jyrki Katainen’s speech at the Atlantic Council, Washington D.C. “A roadmap for European growth”

Excellencies, colleagues and friends It is a real pleasure to be at the Atlantic Council with its strong tradition of bringing together leaders from Europe and the United States. We always have plenty to talk about! I'm particulary pleased to see Jose-Manuel here, who guided us through perhaps the most difficult period in Europe's recent history. I joined the Commission right at the end of his second mandate in the summer of 2014. We had already come a long way since the...

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02 Mar
New York Related News

Governor Cuomo Announces Launch of New NY Broadband Program

CFA Portal now accepting applications for the New NY Broadband Program Program will provide high-speed internet access for all New Yorkers by the end of 2018 Governor Andrew M. Cuomo today announced the launch of the New NY Broadband Program’s Consolidated Funding Application Portal, which is now accepting applications for the Request for Proposals issued on Jan. 8. The $500 million program, which provides funding for high-speed internet access to unserved and underserved areas across the state, is the largest and...

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02 Mar
Chapter News

Climate Action: Europe readies next steps to implement the Paris Agreement

Today, the European Commission presented an assessment of the implications for the European Union of the new global climate agreement adopted in Paris in December 2015. The assessment looks at the next steps in the process and how the Paris Agreement will be implemented in the EU. The assessment is also accompanied by a proposal for the European Union to sign the Paris Agreement. Vice-President for the Energy Union Maroš Šefčovič said: "The Paris Agreement sends a strong signal that the...

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01 Mar
Member News

New WTCA Member – March 2016

NEW YORK, NY, USA - We would like to congratulate and welcome the newest Member of the World Trade Centers Association: • World Trade Center Lisbon, Portugal The Applicant Group presented a comprehensive plan for developing an iconic World Trade Center Facility with an international trade services component. A WARM WELCOME AND CONGRATULATIONS TO WORLD TRADE CENTER LISBON! We look forward to continuing to build and strengthen the global WTCA network and to working in partnership with all of our members to grow...

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01 Mar
Member News

The Wave of Website and Other ADA Accessibility Claims – What You Should Know

Title III of the Americans with Disabilities Act (ADA), providing for equal access for persons with disabilities in places of public accommodation, has made the country far more accessible.  Yet, given its highly technical (and often ambiguous) design, plaintiffs’ firms and disability rights advocates file claims over unlawful barriers and technical violations against even the most conscientious places of public accommodation (e.g., hotels, restaurants, theaters, convention centers, stores, service establishments, healthcare facilities, transportation depots, libraries, recreation places, schools, etc.)....

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01 Mar
Member News

Seller-friendly Trends in M&A Transactions

Kramer Levin recently completed its internal study of acquisition agreements for private target M&A transactions, and compared this data with the 2015 American Bar Association (“ABA”) Private Targets Mergers & Acquisitions Deal Points Study and Kramer Levin’s 2013 internal deal points study of private target acquisition agreements. The results of these studies reveal a strong and continued shift toward seller-friendly terms in middle market M&A transactions. The shift is driven by robust competition in auctions, a continuing increase in sophistication...

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29 Feb
Member News, Uncategorized

New Tax Measures Announced

The Luxembourg Government presented today a new set of tax measures to be implemented by 2017, known as the 2017 tax reform package. The new measures concern both corporate and individual taxation, with a particular focus on social justice and international competitiveness. The amendments may be summarised as follows: Corporate taxation Decrease of the statutory corporate income tax rate The maximum statutory corporate income tax (”CIT”) rate will be progressively decreased from its current rate of 21% to 19% in 2017 and...

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29 Feb
Member News

Where Are They Now? Vacant Jersey City Office Sold

One of the positive stories from CMBS in January that we failed to note was the full payoff off the one-time $124 million 70 Hudson Street loan. (There were not many feel-good narratives in January.)  We wrote about this note back in early 2015 with concerns. The 409,272 square-foot, Jersey City office that backed the property was once 100% occupied by Lehman Brothers. After Lehman's demise, the lease was taken over by Barclays. The lease ended in January 2016...

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29 Feb
Member News

The Madison Square Garden Property Tax Saga

Today's Madison Square Garden (born 1968) is now the oldest arena in both the NBA and NHL, but it almost didn't make it to its twentieth birthday. In 1982, noting the flurry of sports teams then moving to New Jersey (the Devils had just joined the Giants and Nets in the swamplands, and the Jets would follow two years later), then-owners Gulf and Western threatened to have the Knicks and Rangers move across the Hudson if the city didn't...

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