The Supreme Court decision last year on June 13, 2013 in Association of Molecular Pathology v. Myriad Genetics1 may have been a watershed moment for the biotechnology industry. So far the effects have been hard to detect, but don’t be fooled. The storm is still brewing. At the center of the controversy in the Myriad case was Myriad’s so-called gene patents, which the Supreme Court struck down. The Court ruled that the isolation and identification of naturally occurring DNA sequences...

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Portolano Cavallo, a EACCNY Member, has been recognized as “TMT Law Firm of the Year” in Italy at the Legal Community IP & TMT Awards 2014, for its knowledge and technical skills. Here is the full explanation. Portolanos excellence in the TMT sector is also shown through 11 individual or firm-wide shortlists. Furthermore, Portolano Cavallo won in 2 categories at the European Women in Business Law Awards 2014, by Euromoney Legal Media Group’s: •    Best firm in Italy, for the third year in a row •    Best National Firm for Talent Management, European award, for...

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Please join the Trade Commission of Spain in New York, a EACCNY Member, for a celebration of Foods & Wines from Spain. This is the second edition of Spain's Tapas Trail, to be held from 14 to 21 July 2014 in New York. This year 25 Spanish restaurants in New York will participate. The restaurants will offer a special menu which comprises a tapa and a glass of Spanish wine for $ 10. Our sponsors for this event are Freixenet, Olives...

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EACCNY Member Granito Advisory Services is pleased to announce that its CEO, Ruthann Granito, is the winner of the prestigious Golden Apple - Mela D'oro  2014 Award for her commitment on an  international basis to women  in leadership roles. The award was created by the Honorable Lella Golfo, now world famous for causing the laws within Europe to change and require equality for women to sit on Boards of publically traded companies. This pre-eminent Award commenced in 1989 in memory of Marisa Bellisario, a former...

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According to June servicer data, the $84.8 million Bryant Park Hotel loan was resolved this month for a $25.7 million loss. The hotel was sold out of foreclosure for $65 million to the controlling class using a fair value purchase option according to a Barclays research note. An appraisal done this past February valued the midtown Manhattan hotel at $71 million. Repayment of fees, interest shortfalls, and advances totaled $6 million, and the remaining $59 million paid down the A-3 tranche of JPMCC 2007-CIBC18. The...

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