NEW YORK, NY, USA - The 2016 Member Seminar, held October 16-18 in New York City, drew 116 participants, of which 97 were WTC delegates representing 67 World Trade Centers. This year’s Member Seminar was focused on engaging and activating our Members, new and old, with the focus of strengthening our network through knowledge and education, and most importantly, through networking. WELCOME COCKTAILS The Seminar began with the Welcome Cocktails, where Members had the opportunity to reconnect with their peers over light...

AlixPartners announces new ownership structure to support long-term growth CDPQ, PSP Investments, Investcorp and Jay Alix to acquire ownership stakes from CVC Capital Partners AlixPartners employees will continue to have a significant ownership stake New York – 7 November, 2016 – AlixPartners, the global advisory firm, today announced a group led by the firm’s founder, Jay Alix, and three leading global investors, has agreed to acquire ownership stakes in the business from CVC Capital Partners (“CVC”). The transaction values AlixPartners...

DKMS Global Ambassador & Co-Founder, Katharina Harf and longtime supporter Charlotte Santo Domingo co-hosted DKMS’ highly anticipated Halloween benefit, The Blood Ball, last night at Diamond Horseshoe in Times Square. Amidst the 500 guests enjoying the party, Event Chair Santo Domingo expressed how much their support makes a difference. “By being here tonight, we are joining the fight to delete blood cancer once and for all. DKMS has made incredible strides over the years, registering nearly 7 million donors worldwide! But...

On October 27, 2016, the New York City Council approved a bill that would establish protections for freelance workers.  It is expected that Mayor Bill de Blasio will sign the bill into law in the near future. The bill, entitled “Establishing Protections For Freelance Workers,” defines a freelance worker as a single person, or an entity composed of no more than one person (whether incorporated or using a trade name), that is retained as an independent contractor to perform services...

Last week, the EU Commission proposed to extend the scope of the EU hybrid mismatch rules by way of an amendment to the EU Anti Tax Avoidance Directive (the "ATAD"; see our Tax Alert of 23 June 2016 for further background. Under the proposed amendments to the EU hybrid mismatch rules, in contrast to the current scope, they will also apply to hybrid mismatches with third countries. Furthermore, the rules will apply to inter alia permanent establishment mismatches, dual resident mismatches...

October 28, 2016 – New York – More than any other country, American consumers make purchases that cater to risk-taking, adventure and personal values, according to global research by HSBC. This structural shift among US consumers’ purchasing habits is prompting companies to re-think existing marketing and business strategies. According to the HSBC Future of Consumer Demand report, changing demographics and consumer behavior will present new opportunities for savvy American companies in the coming decades whilst posing threats to traditional business...

CHICAGO – Stout Risius Ross, Inc. (Stout), a global advisory firm, is pleased to announce a new Legal Management Consulting service to assist corporate legal departments in optimizing their practices. Stout welcomes to the firm Jim Mitchell and Stacie Neeter, who will lead the new line of business as Managing Directors. Mr. Mitchell and Ms. Neeter bring to Stout more than 25 and 15 years’ experience, respectively, including long tenures at Arthur Andersen and Huron Consulting Group. The vast majority...

The Trepp CMBS Delinquency Rate continued its climb in October. The rate began to rise in March as loans from the 2006 and 2007 vintages started to reach their maturity dates, which has caused the reading to move higher in seven of the last eight months. The delinquency rate for US commercial real estate loans in CMBS is now 4.98%, an increase of 20 basis points from September. Over $1.9 billion in CMBS loans became newly delinquent last month, one...