Member News, News

Pepper Hamilton Client Alert: Déjà Vu All Over Again: FINRA to Focus on Conflicts of Interest Regarding the Sale of Complex Financial Products in the Wake of the Financial Crisis

The Financial Industry Regulatory Authority (FINRA) has announced it will be looking closely at potential conflicts of interest and financial incentives tied to the sales of complex financial products by major brokerages. The regulator also is looking at conflicts and incentives at broker-dealers that develop and sell certain complex products. FINRA has already commenced a sweep of firms to review how they identify and manage these conflicts of interest. As noted in a recent Wall Street Journal column, these initiatives...

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Chapter News, New York Related News, News

New York City Economic Development Corporation Accepting Nominations for Third Class of “NYC Venture Fellows”

Prestigious Year-Long Fellowship Program, Created in Partnership with Fordham University, Connects Entrepreneurs from Around the World with Mentors from Leading Companies. Previous Fellows Include Prominent NYC Start-Up Companies Foursquare, Etsy, and Warby Parker. New York City, October 11, 2012 – New York City Economic Development Corporation (NYCEDC) today announced that nominations are open for the third class of NYC Venture Fellows, a year-long fellowship program to establish the next generation of global entrepreneurs in New York City. Originally established in 2010 by...

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Chapter News, News

EU NEWSBRIEF: Mission Growth: EU Reinforces Industrial Policy

The European Commission announced today priorities to boost industry growth in Europe, rebuild a climate of confidence and entrepreneurship, and to ensure the long-term competitiveness and sustainability of Europe's industry. "We cannot continue to let our industry leave Europe," said European Commission Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship. "Our figures are crystal clear: European industry can deliver growth and can create employment... By working together and restoring confidence, we can bring back industry to Europe." The reinforced industrial...

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Member News, News

Trusts and Estates Law Firm McManus & Associates Wins Global Award for Asset Protection

Corporate Intl Magazine Names McManus & Associates Firm of the Year for Asset Protection Law in New Jersey. Corporate Intl Magazine has chosen McManus & Associates, a Tri-State area-based trusts and estates law firm, as the winner of the 2012 Corporate Intl Magazine Global Award for Asset Protection Law, Firm of the Year in New Jersey. The nomination, research and judging process took a full 12 months. Established in 2005, Corporate Intl is one of the leading monthly titles for business...

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Chapter News, News

Judge issues first ruling expanding whistleblower protections under Dodd-Frank

Published on September 28, 2012 by Pat Dulnier at BankCreditNews (BCN) A U.S. district judge’s ruling in the Kramer v. Trans-Lux case on Tuesday may expand whistleblower protections under the 2010 Dodd-Frank Act. Kramer filed a whistleblower suit against Trans-Lux Corporation following his termination after the company’s board of directors and the Securities and Exchange Commission were notified that his supervisors were violating pension plan rules, costing taxpayers millions of dollars. Judge Stefan R. Underhill ruled earlier this week that part of...

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Member News, News

Arendt & Medernach continues its international expansion with the opening of a Moscow representative office.

Luxembourg, 9 October 2012 Arendt & Medernach has today announced the opening of a new representative office in Moscow. The Moscow office will be headed by Max Kremer, Banking & Financial Services Partner and will be assisted by a local team that is fluent in Russian. The Moscow office continues Arendt & Medernachs international expansion the firm already has offices in Brussels, New York, London, Dubai and Hong Kong. The Moscow office will liaise with the head office in Luxembourg,...

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Member News, News

Round Table Conference on the new Dutch Flex-BV Act

It is our pleasure to invite you to a Round Table Conference on the new Dutch Flex-BV Act, to be held on Thursday, November 1, 2012 co-sponsored by EACCNY member Stibbe. On October 1, 2012, the so-called Flex-BV Act has entered into force, implementing important changes to the Dutch law applicable to private companies with limited liability (‘BVs’) like yours. With the ease and flexibility created by the Flex-BV Act, the Netherlands will strengthen its position as the European jurisdiction...

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Chapter News, News

Speech by Bundesbank Board Member Dr. Andreas Dombret

The US Representative office of the German Central Bank provided us with a speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank: "Business models and the banking sector seen in terms of financial stability" The presentation was delivered at the 16th Banking Symposium of the European Center for Financial Services “Profile and profitability – Are banks’ business models in transition?” Note: In his speech, Mr. Dombret outlines how banks’ business models shifted away from traditional commercial banking...

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