Chapter News, New York Related News, News

Governor Cuomo And Mayor De Blasio Announce Integrated Flood Protection System Study And Design For Red Hook

State and City each commit an initial $50 million to launch the initiative, which will make the Brooklyn waterfront community more resilient – part of comprehensive, citywide resiliency plan NEW YORK—Governor Andrew M. Cuomo and Mayor Bill de Blasio today announced a Request for Proposals (RFP) for the study and design of an integrated flood protection system (IFPS) in the Red Hook neighborhood of Brooklyn. The project, for which the City and State are each committing an initial $50 million,...

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Member News, News

TRIA – When the Ball Drops, No Need to Panic But…

By Frederick J. Pomerantz and Aaron J. Aisen on December 23, 2014 At exactly 12:00 a.m. on January 1, 2015, the New Year will be celebrated amidst ball drops and renditions of “Auld Lang Syne.”  However, amidst the celebrations, the Terrorism Risk Insurance Act (TRIA) will expire.While there is a very real possibility that Congress will pass legislation renewing it in some form when the 114th Congress convenes in January 2015, insurance companies and their insureds are already feeling the...

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Chapter News, News

EU Council is looking at Investment challenges for Europe

European Council Conclusions - 18 December 2014  It was the first European Council chaired by Donald Tusk as President and it followed a shorter format, a '1-day summit'. It allowed EU leaders to take clear decisions and set firmer orientations on: Investing in Europe EU leaders looked at ways of improving the investment environment in Europe and said that this improvement was needed to reinforce structural reforms and fiscal consolidation carried out by member states. European Fund for Strategic Investment (EFSI) They backed...

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Member News, News

Photovoltaics in Print: Foil could be used on external facades

An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. The already-patented core innovation of the company...

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Member News, News

DeVore & DeMarco Client Alert: SONY v. Democratic People’s Republic of Korea?

As relentless news reports have made clear, Sony Pictures Entertainment has suffered -- and continues to suffer -- a devastating cyber-attack on its computer systems.  According to press reports, a hacker group known as the “Guardians of Peace,” or “GOP,” has taken credit for the attack, which has paralyzed Sony’s network and leaked much as 100 terabytes of confidential information. Leaked data has included Social Security Numbers, employee and talent salaries, account and administrative passwords, sales plans, sensitive employee emails...

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Chapter News, News

January 1, 2015 is €-Day for Lithuania

On January 1, 2015, Lithuania becomes the 19th EU Member State to adopt the euro as its currency, completing the shift by all three Baltic nations to the EU’s single currency. The EU Member States that have adopted the euro constitute the euro area, and all are subject to the monetary policy set by the European Central Bank. Lithuania satisfied the necessary economic convergence criteria prior to taking this historic step: •    Price stability. The inflation rate should not be more...

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Chapter News, New York Related News

Comptroller Scott M. Stringer Releases a Request for Information about Electronic Processing of Contract Invoices and Payments

On December 5, 2014, the Comptroller's Office released a Request for Information (RFI) in order to invite responses and gather information regarding options for electronic processing of contract invoices and payments. The Comptroller is seeking information regarding new technologies and approaches to inform the transition of the invoice submission, review, and approval processes from their mostly paper-based current state to an electronic solution in a secure, scalable, and cost effective manner. The RFI can be found at: https://comptroller.nyc.gov/forms-n-rfps/rfps-n-solicitations/?id=7#active. The Comptroller’s Office is considering holding a pre-submission...

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Chapter News

Investing in Long-Term Europe: Re-Launching Fixed, Network and Social Infrastructure

Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs | Conference "Investing in Long-Term Europe: Re-Launching Fixed, Network and Social Infrastructure" | Rome, 12 December 2014 "Ladies and gentlemen, dear Colleagues, It is a real pleasure for me to speak in front of you today. The first day of this Conference has been very fruitful in bringing together academics, investors, and policy makers, from Europe and from the member states, around one subject: how to make long term investment in Europe happen...

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Chapter News, News

Food: EU consumers to benefit from better labelling as of 13 December 2014

As of 13 December 2014, new EU food labelling rules, adopted by the European Parliament and the Council in 2011, will ensure that consumers receive clearer, more comprehensive and accurate information on food content, and help them make informed choices about what they eat. The EU Commissioner in charge of Health and Food Safety, Vytenis Andriukaitis said: "As of 13 December 2014, European citizens will see the results of years of work to improve food labelling rules. Key content information...

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Member News, News

DS-Concept Provides $4 Million Factoring Facility to Multinational Seafood Exporter

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $4 million export accounts receivable facility to a multinational shrimp exporter headquartered in Spain with facilities in the US and Argentina. The client, who provides cold water shrimp to retailers and wholesalers in Europe, Asia, the US, and GCC, is growing rapidly because of falling exports from the US and anticipates a total factored volume in excess of $30 million for 2015. "We’re very pleased...

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