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Member News
Member News
21
Apr
For owners of CSFB 2003-C5 bonds, the deal just got a lot more interesting. It was reported today that Metlife Investments will be moving its 850 employees to a new, yet-to-be-constructed office in New Jersey. The firm plans to move 2.5 miles away from its current office to a four-story complex on Whippany Road in Morristown, which will be developed by Vision Real Estate Partners and Rubenstein Partners.
MetLife Investments is currently located at 10 Park Avenue in Hanover Township, New Jersey. MetLife is the sole tenant in the 154,766 square-foot building...
21
Apr
On April 16, the Senate Finance Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.) and House Ways and Means Chairman Paul Ryan (R-Wis.) introduced bipartisan Trade Promotion Authority (TPA) legislation ((Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (S-995))).
To see a copy of the full bill and summary, click here. A companion House bill is expected shortly. TPA is the first step necessary to finalize the Trans Pacific Partnership (TPP) (11 countries) and European Union Free Trade...
09
Apr
The NYS Energy Research and Development Authority has created programs that offer incentives for both new construction and existing facilities that meet specific energy efficiency standards. Additionally, the NY Power Authority is offering lower cost electricity to businesses and Not-for-Profit Corporations that plan to expand operations in the State.
PROGRAM DETAILS:
New Construction Program (NCP):
Provides technical assistance and financial incentives for energy-efficient electric equipment installations in new and substantially renovated commercial and industrial buildings. Up to $16M in funding available.
Eligibility:
• New...
09
Apr
The Article 29 Working Party (“WP29”), supported by data protection authorities and other national regulators, recently undertook an EU-wide ‘cookie sweep’. This review concerned nearly 500 websites and spanned 8 Member States.
It was aimed at investigating the use of cookies, the level of information provided and the control mechanisms in place. This ‘sweep’ found a spectrum of compliance, resulting in some interesting statistics. While Ireland was not on the list, the review serves as a reminder of the focus...
09
Apr
EACC Member DS Concept Announces Over $150 Million in Global Deals This March.
Deals in Europe include:
$20,000,000 for Spanish Food Distributor
A Spanish food distributor has signed a factoring agreement with DS-Concept to support their growing exports to the EU. With the increased working capital, the company expects $20 million in factored volume for 2015.
€ 2,000,000 for Bulgarian Textiles Supplier
A Bulgarian textiles supplier exporting to Germany has signed a factoring agreement with DS-Concept with an expected annual factoring volume of € 2 million.
€ 1,000,000...
07
Apr
By Pia Padfield, Associate in the London Office of Ogletree Deakins
Spring is always a time for new beginnings; the end of the financial year and the start of a new one, election time and the clocks moving forward for daylight savings time. In the UK, Spring also heralds new changes in Employment and Data Protection law. Below are some of the key changes to UK employment law to be aware of.
Shared Parental Leave
New rights came into force on 1...
02
Apr
Following the decision of Europe’s top court, the Court of Justice of the European Union (“CJEU”) to strike down the Data Protection Directive (the “Directive”) in 2014, national governments have been in flux as to the status of legislation they introduced to transpose the Directive.
An Opinion from the European Parliament’s Legal Services, which has been obtained and published online by various privacy advocacy groups, sets out specific guidance that the EU must follow if it intends to legislate again...
31
Mar
Over the past decade, in a trend that has caused concern among many U.S. employers, denial rates for high-skilled foreign national employee transfer visa petitions have increased substantially. In fact, according to a recent report from the National Foundation for American Policy, the denial rate for L-1B high-skilled international transfer visas increased to an historic high of 35 percent in FY 2014. This represents more than a fivefold increase in denial rates since FY 2006, though there was no...
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