25 Mar
Member News, News

Grace Building Obtains Refinancing

According to Friday's Commercial Mortgage Alert, Brookfield has obtained a $900 million loan on the Grace Building in Manhattan. Part of the loan will go to pay down the $343.5 million in CMBS debt currently outstanding on the office building. There are four senior pieces across three 2004 vintage deals, as well as one B note held outside of the trusts. The loans are open to prepayment and due to mature this July. The loan breaks down as follows: -$105.5 million piece in JPMCC 2004-CB9 (21.7%) -$105.5 million piece in LBUBS 2004-C8 (22.6%) -$51.7...

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20 Mar
Member News

Heidi Shea Springer of NY Grant Company Honored by City & State

 The New York Grant Company, a EACCNY member, is proud to announce that one of 's newest employees, Heidi Shea Springer, is a recipient of City & State Media's Above & Beyond award. This honor is presented to 25 women for excellence in their respective fields, which include labor, public service, business and media. History of Public Service at the NYCEDC Heidi, who is being honored for her excellence in public service, joined New York Grant Company in 2013, after 13 years...

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20 Mar
Chapter News, News

A decisive step towards the banking union

On 20 March the Council, represented by the Greek Presidency, has reached a provisional agreement with the European Parliament on the single resolution mechanism regulation. Eurogroup President Jeroen Dijsselbloem, who is chairing the intergovernmental conference on certain aspects of the single resolution fund, also participated in the negotiations. "On behalf of the Presidency, I should like to warmly welcome today's agreement on this key element of Europe's banking union. I sincerely hope that it will open the way for approval by both Parliament...

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20 Mar
Chapter News, News

US Ambassador to EU Gardner Presents Credentials, Launches Twitter & TTIP Video

On Tuesday, Ambassador Anthony L. Gardner who was sworn in as US Ambassador to the EU on February 18, presented his credentials to the European Council President Van Rompuy and European Commission President Barroso in time for President Obama's upcoming visit to the US-EU Summit on March 26. One of Ambassador Gardner's main priorities will be to ensure the TTIP negotiations remain on track. via the US Mission to the EU See his new video highlighting the opportunities TTIP offers here. Prior...

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18 Mar
Member News, News

The Netherlands and USA sign bilateral FATCA Intergovernmental Agreement

The Netherlands and the United States of America have signed a FATCA (Foreign Account Tax Compliance Act) Intergovernmental Agreement (the IGA) on 18 December 2013 to improve international tax compliance and to establish automated data exchange between the tax authorities of both countries beginning September 2015. FATCA is a US national law that requires all Foreign Financial Institutions (FFIs) worldwide to report the names and other information of their US clients (citizens and businesses) to the US Internal Revenue Service...

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18 Mar
Member News, News

Irish Central Bank Consultation on “Depositary Lite”

The Central Bank of Ireland (the “Central Bank”) published a consultation paper entitled “Carrying out depositary duties in accordance with Article 36 of the AIFMD” (the “Consultation Paper”). The purpose of the Consultation Paper is to invite stakeholders in the funds industry to provide their views on the requirements that should apply where a fund administrator proposes to provide administration services and to perform the depositary duties set out in Articles 21(7) and 21(9) of Alternative Investment Fund Managers...

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16 Mar
Chapter News, New York Related News, News

Competition THRIVE: Empowering and Supporting New York City’s Immigrant Entrepreneurs

Enter Competition THRIVE - A  unique competition that seeks original, innovative strategies and programs that help immigrant entrepreneurs succeed in business. Round I: $25,000 awarded to five semi-finalists to pilot their program and create a business plan Round II: $100,000 awarded to one grand prize winner, plus promotional services to further scale their program For more information and to download the proposal guidelines, visit the Competition THRIVE web page, email competitionthrive@baruch.cuny.edu, or call Lendynette Pacheco-Jorge at 646-312-4799. Submission Deadline: Thursday, May 8, 2014...

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16 Mar
Member News, News

Austria in the leading group of EU patents

Austrian companies are innovative and are applying for an increasing number of patents. In 2013 the number of patent applications from Austria submitted to the European Patent Office rose by 6.5 percent. Accordingly, Austria ranks among the best in terms of inventiveness. On balance, 1,995 patent applications had their origin in Austria last year. Samsung once again led the individual company rankings. The South Korean mobile telephony group submitted 2,833 applications in 2013 to the European Patent Office, followed by...

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13 Mar
Member News, News

Paris PR Firm IDENIUM Signs Partnership with OpenCommunications Omnimedia

Paris and New York (PRWEB) March 11, 2014 Paris and New York PR Firms Collaborate to Serve Media Clients with International Communications Needs. Paris-based IDENIUM, a public relations firm serving clients in the advertising, entertainment and media industry, announced today a new partnership agreement with New York-based OpenCommunications Omnimedia, a PR and digital content-creation company likewise specialized in the digital advertising and media field. As part of the agreement, OpenCommunications will be the official representative of IDENIUM in the United States...

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13 Mar
Chapter News, News

European Parliament backs Commission proposal for the EU co-financing of the International Financial Reporting Standards (IFRS) Foundation, the European Financial Reporting Advisory Group (EFRAG), and the Public Interest Oversight Board (PIOB)

The European Parliament has today backed the European Commission’s proposal on co-financing the IFRS Foundation, EFRAG and the PIOB, three organisations that play a key role in the development of accounting and auditing standards.  Internal Market and Services Commissioner Michel Barnier said "High-quality, international financial reporting and auditing rules are of vital importance not only for transparency, comparability and the smooth functioning of capital markets, but also for the economy at large. The support of the European Parliament to renew the...

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