20 Nov
Member News, News

Summer in the City: Even More Airberlin flights from Berlin to New York & Chicago Next Summer

For summer 2014, airberlin Germany’s second largest airline is increasing the frequency of its flights to the United States, continuing its policy of expanding its USA service. From May, airberlin, a EACCNY member, will be offering three additional flights from Berlin to New York (JFK) compared with summer 2013, making a total of ten flights a week from the German capital to the US metropolis. There will also be ten flights a week to the Big Apple from Dusseldorf, as...

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19 Nov
Member News, News

Littler Celebrates 1,000th Attorney Milestone

Littler , the world’s largest employment and labor law practice representing management, exceeded the 1,000 attorney milestone this month with continued lateral recruitment and the expansion of the firm’s presence in Latin America. Established in 1942, Littler, a EACCNY member, has grown to more than 60 offices in major metropolitan areas nationwide and globally.  “This achievement underscores the firm’s commitment to attract the highest level of legal talent, which has been instrumental in advancing our leading global platform of specialized...

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19 Nov
Chapter News, News

Autumn Forecast 2013 – EU Economy: Gradual Recovery, External Risks

The EU economy has started growing again. Following a slow expansion of economic activity during the remainder of 2013, growth is set to become more robust in 2014 and 2015. In recent months, there have been encouraging signs that an economic recovery is underway in Europe. After contracting up to the first quarter of 2013, the European economy started to grow again in the second quarter and real GDP is set to continue growing in the remainder of this year. Growth...

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18 Nov
Chapter News, News

October 2013: Euro area annual inflation down to 0.7% – EU down to 0.9%

Euro area annual inflation was 0.7% in October 2013, down from 1.1% in September. A year earlier the rate was 2.5%. Monthly inflation was -0.1% in October 2013. European Union annual inflation was 0.9% in October 2013, down from 1.3% in September. A year earlier the rate was 2.6%. Monthly inflation was -0.1% in October 2013. In October 2013, the lowest annual rates were observed in Greece (-1.9%), Bulgaria (-1.1%) and Cyprus (-0.5%), and the highest in Estonia and the...

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18 Nov
Member News, News

Nearly Empty Chicago Office Positioned for Sale

The $29.9 million FCB Center loan was placed on servicer watchlist according to November servicer data. This story probably warrants closer monitoring than most. The loan makes up 1.9% of JPMCC 2005-LDP1 and the property is a 225,00 square-foot office in Chicago, Illinois. The lead tenant in the building is FCB (Foote, Cone & Belding) with over 90% of the space. It appears FCB vacated the space a few years ago, but the lease was not slated to end until March 2014. The November...

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15 Nov
Chapter News, News

Europe’s Budgetary Surveillance Moves into Full Gear

The European Commission today presented a major package of budgetary surveillance announcements, covering 13 euro area Member States and 3 non-euro Member States, with a special focus also on the euro area as an economic entity in its own right. For the first time, the Commission has issued opinions on euro area Member States’ Draft Budgetary Plans, which from this year must be submitted to the Commission by 15 October, at the same time as draft budgets are sent to...

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15 Nov
Chapter News, News, Trade & TTIP Related

EU & US Conclude Second Round of TTIP Negotiations in Brussels

The EU and US today concluded the second round of week-long negotiations for the Transatlantic Trade and Investment Partnership. A good atmosphere and the active involvement of regulators from both sides meant significant progress was made. “I am glad to see that we are now fully back on track with the EU-US trade talks”, said EU Trade Commissioner Karel De Gucht. “We are making good and steady progress across the broad range of issues we need to tackle to make...

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15 Nov
Member News, News

U.S. Customs Finalizes Its Durability Test For Footwear With Textile Outer Soles

On November 13, 2013, U.S. Customs and Border Protection (“CBP”) issued a General Notice to inform the public how it will administer Additional U.S. Note 5 to chapter 64 of the Harmonized Tariff Schedule of the United States (“HTSUS”). U.S. Note 5 specifies that to be classified as footwear having a textile outer sole in Chapter 64, HTSUS, the textile outer sole must possess “the characteristics usually required for normal use of an outer sole, including durability and strength.” See...

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13 Nov
Chapter News, News

EU to kick off fourth European Semester

The European Commission will adopt a number of documents to mark the start of the fourth European Semester for economic policy coordination in the EU. The Annual Growth Survey will set out general economic priorities for Member States to follow when drawing up their budgets and reform plans over the next year. The Alert Mechanism Report will screen EU economies for potential macroeconomic imbalances, and indicate which economies require further analysis. This year the Annual Growth Survey will be accompanied by...

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