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Member News
Member News
03
Jun
BOS Container USA Inc. together with its sister company TK Markets Finland Oy have released a new website. The new release acts as a comprehensive list of our current dealership network, a portal for more information on our best selling Quick Build –container, as well as covers the rest of the BOS' product range from warehouses to container warehouses to mobile boxes. Expanded picture gallery introduces various products in use. Visit www.boscontainer.com or email orders@boscontainer.com.
28
May
In recent years Irish airline Ryanair has been involved in numerous legal battles against so-called ‘screen scrapers’ across Europe. ‘Screen scraping’ is the manner in which some price-comparison websites automatically collect and compare data from various service providers’ websites without such service providers’ consent.
This practice has led to litigation across Europe. In this most recent decision, the Irish Supreme Court confirmed that the Irish Courts have jurisdiction to deal with alleged screen scraping of the Ryanair site. This decision,...
27
May
A spin-off occurs when a company identifies a division or subsidiary of the company and separates it by creating a newly independent company. For a publicly traded company, this typically involves the parent company (the “Parent”) distributing shares of the subsidiary or division (“SpinCo”), usually resulting in the existing shareholders receiving a pro rata ownership share in each company.
In 2014, more than 80 spin-offs were announced, a record high over the past five years. As shown in the chart, the number of announced spin-offs has exceeded that of...
21
May
According to a story by Lois Weiss of the New York Post, 100 Wall Street has been sold for $275 million, or $528 per square foot, to Cornerstone Real Estate Advisors. The property backs a $115.8 million loan that makes up 6.3% of LBUBS 2007-C6. For CMBS investors, the takeaways are that the credit enhancement for the deal will improve and that the loan can prepay freely now, 13 months before its June 2016 maturity date. The article states that the deal will close this summer.
The A-4 bond will be...
21
May
For various reasons, relating to the typical Italian SMEs nature and to the market structure, the financial requirements of Italian SMEs have traditionally been satisfied by bank financing. Law decree No. 83 of 2012 (“Development Decree”) marks an attempt to provide an alternative source of financing for SMEs, through recourse to the debt capital market. The Decree has expanded the opportunities to resort to capital market for Italian privately held companies, taking away restrictions set forth by corporate law...
21
May
Last week, we looked at the requirements for apps submitted to the Apple App Store. In this week’s post, we review the licence agreement and the various legal obligations placed on app developers. These obligations also create potential pitfalls in the development and publication of apps, including around the app terms, the app’s use of location services and general compliance with local laws.
Requirements in the license agreement
Aside from the Apple review guidelines, app developers are also subject to legal...
20
May
NEW YORK, NY- DS-Concept USA, a leading provider of international trade finance to the small and mid-market, has appointed Bryan Maloney to oversee business development activities in the western region of the US. As the Vice President of Business Development for DS-Concept USA, Bryan is based in Los Angeles and specializes in structuring supply chain finance and factoring programs for small and middle market companies globally.
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DS-Concept Pakistan Announces $50 Million in Recent Transactions
Karachi, Pakistan- DS-Concept Pakistan has announced $50 million inclosed...
18
May
According to May remittance data received late last week, the $38.95 million The Mill loan was sent to special servicing. The loan is backed by a 111,393 square-foot office in Greenwich, Connecticut. The note makes up 1.2% of the collateral behind JPMCC 2007-LD11.
When the loan was securitized in 2007, the office property was 100% occupied. As of 2013, it was 91% occupied. However, the occupancy rate fell to 70% in 2014, and the DSCR dropped with it. The DSCR was 1.09x in 2013, but that...
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