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Member News

SEC on Confidentiality Agreements

Keeping its promise announced last year, the Securities and Exchange Commission on April 1, 2015, released a cease-and-desist order ("Order") declaring illegal a publicly traded company's use of a confidentiality agreement that prohibited employees during an internal investigation from discussing—whether inside or outside the company without legal approval—the substance of their interviews involving potentially illegal or unethical conduct by the company or its employees. The SEC also levied a $130,000.00 civil penalty against the company. The SEC Office of the...
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Irish Government Enters the Legal Battlefield in International Fight over Email Disclosure

In the on-going saga that is Microsoft Corporation v. United States of America, the Irish Government (“Ireland”) has made the decision to enter the fray. Late last year, Ireland commenced its own chapter by filing papers to highlight issues of sovereignty and mechanisms for international disclosure. This case, as described in our previous post, centres on the request by US authorities for the disclosure of emails held on Dublin-based servers. The case has attracted many such contributions, particularly from...
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Why Retailers Should Start Thinking Like Netflix

Retailers share a common conundrum. On average, 1% of consumers who visit an online retail website actually purchase a product. This means that 99% of potential shoppers get lost in the Internet ether, according to Oracle. Turning the situation around is easier than you might think. About 45% of Internet users watch at least one video per month indicating that many retailers have a video-centric audience they didn’t even know existed. These dynamics serve as context for a new paper entitled,...
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The Portugal Fashion Industry Gains Momentum, Thanks to Its Design Talent and Textile Manufacturing

It’s a scene that’s all too familiar during certain weeks of the year: fashionable crowds grabbing their seats in venues that range from minimalist to the extremely opulent, models walking down runways in the newest designs. From March 25 through 28, designs that spanned from edgy to elegant were showed in Europe, but it wasn’t in one of Europe’s fashion capitals. The occasion was Portugal Fashion, the country’s own version of fashion week. A fashion scene is brewing there in both...
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Capita Wins Best UCITS Funds Administrator Award

EACCNY member Capita Asset Services has been named 'Best Administrator - UCITS Funds' at the HFM European Services awards, held on 16 April in London. They were also shortlisted for four other awards: Best administrator under $30bn client service, Best administrator under $30bn overall, Most innovative fund administrator under $30bn and Best AIFMD solution. The European Fund and Asset Management Association (EFAMA)'s latest Investment Funds Industry Fact Sheet shows a rise in the sale of UCITS funds in February, with...
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Enhance Employee Skills and Training Programs with CFA Workforce Development Programs

New York State Department of Labor and other agencies pooled resources available through the CFA to support transformative plans to improve business climate and to stimulate job growth. Through the Workforce Development program commercial business and non-profits alike can receive funding to improve skills and enhance training programs. Existing Employee Training New Hire Training Unemployment Worker Training Soft Skills Development Eligible Organizations... Commercial Businesses Non-Profits Industrial Companies Manufacuturers Management Companies                               ... among others Interested in applying for these grants? Contact NYGC Today  Get the expert knowledge, tailored solutions and compliance-friendly advice...
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GRANITO cheeses Colombia

GRANITO, a member of the EACC New York, is pleased to announce its successful introduction of one of the larger players under the umbrella of the Consorzio Parmigiano Reggiano into the Colombia, Latin America Market. Focusing on B2B commerce transactions in order to maximize distribution, GRANITO, in collaboration with its international partner, is now negotiating the exclusive distribution agreement for Parmigiano cheese in the Colombian market. GRANITO welcomes companies wishing to expand their foreign trade to grow globally with them in...
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TREPP Trading Alert: Met Life Investments Signs On for New NJ Headquarters, Will Leave Single Tenant Office Behind ’03 Deal

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...

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