Following on its success in Mexico, GRANITO expands exporting by bringing Italian SMEs in the Made in Italy food product sector into North-East Africa and South America. In partnership with Massimo Iacono & Partners (MI&P), a consultancy and general management firm having a leading experience in global marketing and venture management, GRANITO will support Italian companies in expanding into non-traditional and emerging markets in areas such as Columbia, Sudan and North-East Africa, who are requesting  Made in Italy  food products. Together, GRANITO and MI&P...

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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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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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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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