16 Sep
Member News

Granito loves Formula 1

Granito is proud to announce the newest additions to the racing fleet of Dream Racing on the Las Vegas Motor Speedway. The Porsche 911 GT Race Car now stands beside the rest of the fleet, some of which can be seen below. In addition, the actual 750 hp Caterham CT01 F1 car driven by Heikki Kovalainen in 2012 is on display in the simulator room. Granito compliments Dream Racing for the new car racing experiences now available on the track and its continuation of 3D-simulator...

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16 Sep
Member News

Important Changes to Become Effective Oct. 1 Permitting Earlier Filings of Adjustment of Status Applications

U.S. Citizenship and Immigration Services and the U.S. State Department have announced significant changes to make it possible for eligible employer-sponsored foreign nationals to file applications for adjustment of status to permanent residence before an immigrant visa number becomes available. The new changes establish a separate priority date list for the filing of adjustment of status applications, as well as a separate list for when adjustment cases can be approved. In October 2015, for example, USCIS will accept adjustment of status applications from Indian...

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16 Sep
Chapter News

EU extends the validity of sanctions over actions against Ukraine’s territorial integrity

The Council of the European Union prolonged by 6 months the application of EU restrictive measures targeting actions against Ukraine's territorial integrity, sovereignty and independence. The asset freeze and travel bans against 149 persons and 37 entities have been extended until 15 March 2016. The assessment of the situation did not justify a change in the regime of sanctions nor in the list of persons and entities under restrictive measures. One deceased person was removed from the list. The legal acts are available...

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16 Sep
Chapter News

EU Commission proposes new Investment Court System for TTIP and other EU trade and investment negotiations

The European Commission has approved its proposal for a new and transparent system for resolving disputes between investors and states – the Investment Court System. The Investment Court System would replace the existing investor-to-state dispute settlement (ISDS) mechanism in all ongoing and future EU investment negotiations, including the EU-US talks on a Transatlantic Trade and Investment Partnership (TTIP). The proposal for an Investment Court System builds on the substantial input received from the European Parliament, Member States, national parliaments and stakeholders...

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15 Sep
Member News

Second Circuit Rules Internal Whistleblowers Are Protected Under Dodd-Frank

The U.S. Court of Appeals for the Second Circuit created a federal appellate split today when it revived a Dodd-Frank Act retaliation claim by an ex-finance director, who was responsible for the company’s financial reporting and compliance with accounting standards. The court held that he was protected even though he only raised claims of accounting fraud internally with his employer, but did not report them to the Securities and Exchange Commission (SEC or the Commission) before he was terminated.  The...

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14 Sep
Member News, New York Related News

Trepp Credit Story: 100% Loss for Times Square Loan

According to September remittance data, the $25.7 million 1604 Broadway note was written off in full this month. The loan made up 0.86% of GECMC 2007-C1, which has now taken 8% in cumulative bond loss. The loan was backed by a 29,875 square-foot retail property located in the theater district of Times Square. The note was initially transferred to special servicing in November 2009 after losing its top tenant, Spotlight Times Square, to bankruptcy. The loan defaulted a month later and failed to refinance when it...

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14 Sep
Chapter News

EU extends the validity of sanctions over actions against Ukraine’s territorial integrity

The Council prolonged by 6 months the application of EU restrictive measures targeting actions against Ukraine's territorial integrity, sovereignty and independence.   The asset freeze and travel bans against 149 persons and 37 entities have been extended until 15 March 2016. The assessment of the situation did not justify a change in the regime of sanctions nor in the list of persons and entities under restrictive measures. One deceased person was removed from the list. The legal acts are available in the EU...

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14 Sep
Chapter News, New York Related News

Governor Cuomo Announces $388 Million In Funding For Critical Coastal Resiliency And Sewer Expansion Project In Suffolk County

Governor Andrew M. Cuomo today announced $388 million in State and federal funding to expand sanitary sewer service to 8,075 parcels of land in Suffolk County which currently utilize on-site septic systems. This project, which has been approved the Federal Emergency Management Agency's Hazard Mitigation Grant Program, represents the first step in instituting extensive measures to mitigate flooding and septic system failure in Suffolk County caused by Superstorm Sandy. “Long Islanders have seen first-hand and up-close the damage that Mother...

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12 Sep
Chapter News

Remarks by J. Dijsselbloem following the Eurogroup meeting of 12 September 2015

Good afternoon and welcome to this press conference. We briefly discussed the economic situation in the Eurozone, I will let Commissioner Moscovici say more about that. We had a follow-up discussion on the issue of structural reforms, in particular on the tax wedge on labour, which is becoming a test case for us on how we can strengthen our cooperation in the field of structural reforms, how can we push the reform agenda jointly in the Eurozone. Today we discussed...

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12 Sep
Chapter News

Eurogroup statement on Cyprus

The Eurogroup welcomes the successful conclusion of the seventh review mission in the context of Cyprus' macroeconomic adjustment programme, which took place in July. The fiscal developments continue to exceed expectations, the financial situation of the banks is showing signs of gradual improvement and some progress has been noted on important growth-enhancing reforms. The Eurogroup is encouraged that the economic recovery in Cyprus is gaining strength, the labour market showing signs of stabilization, although unemployment remains at a high...

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