The Trepp CMBS delinquency rate continued to race lower in October, falling below the 8% level for the first time since early 2010. October marks the fifth consecutive month of rate improvement. Over the course of the month, the rate dropped 16 basis points, bringing the delinquency rate for US commercial real estate loans in CMBS to 7.98%. The Trepp delinquency rate has dropped 236 basis points since the summer of 2012 when the rate reached an all-time high of...

Granito Corporate Advisory, a EACCNY member, has expanded its reach within commercial transactions with the addition of  Dr. Marco Trabucchi,  GRANITO's new head of its Fiscal and Commercial Division. Dr. Trabucchi is an accountant and auditor of large and medium companies With a long experience in the administrative and fiscal reorganization of companies  in extraordinary transactions such as mergers, demergers and transformation, he has a particular focus on those activities that have cross-border profiles and with respect to which complex...

The Central Bank of Ireland (the “Central Bank”) has set 21 February 2014 as the latest date for receipt of applications from AIFMs wishing to be authorised before the end of the transition period on 22 July 2014. On 15 May 2013, the Central Bank announced that it was accepting applications for Alternative Investment Funds (“AIFs”) and Alternative Investment Fund Managers (“AIFMs”) under the Alternative Investment Fund Managers Directive (the “AIFMD”). This has enabled AIFs and AIFMs wishing to avail of...

Take Care - EMIR impacts Cayman Funds: As managers of Cayman Funds are coming to grips with the reporting requirements of AIFMDi, a second wave of European legislation, namely EMIR, approaches the Cayman Islands. EMIRii will have to be navigated by Cayman Funds trading derivatives both with European Union counterparties, and, in certain circumstances, even when trading with non-European Union counterparties. Although the provisions of EMIR principally impact European entities which are financial counterpartiesiii ("FCs") and non-financial counterpartiesiv ("NFCs") as...

BOS GmbH Best Of Steel of Germany, is bringing its portable steel storage containers to the U.S. market. Quick Build containers travel flat packed and can be assembled easily without tools in just minutes. Containers come in six different sizes and can be accompanied with numerous accessories, including electric package (electric outlet and light), access ramp, shelving systems, and racks to support tools, clothing or cable/hose. For the past two years BOS has partnered with TK Markets in the Finnish, Swedish,...

SEC Hits the ‘Reset Button’ on Failure to Supervise Liability for Legal and Compliance Personnel Friday, October 18, 2013 | This article originally appeared in the October 2013 issue of NSCP Currents. The U.S. Securities and Exchange Commission (SEC) – quietly, and with little fanfare – released an informal statement of policy in the form of frequently asked questions (FAQ), in which it addressed its recent case against Ted Urban.1 In doing so, the SEC shed light on when and how...

GRANITO's Team recently won the bid with BIC Sardinia to write and design a special section of the Sardinia's portal "Sardegna Impresa e Sviluppo", that will be dedicated entirely to internationalization. BIC Sardinia is the in-house agency of the Region of Sardinia to promote local growth and development. There are more than 160 Business Innovation Centers active in Europe, coordinated by EBN (the European BIC Network) as an European center for excellence in innovation, incubation and entrepreneurship. BIC operates as part...

Littler Joins with Godoy Córdoba Abogados and BDS Asesores to Further Global Reach; Enhances Ability to Serve Multinational Clients Seeking Labor and Employment Solutions Throughout Latin America. Littler Mendelson, P.C. (Littler), the world’s largest employment and labor law firm representing management, will combine with Colombian law firm Godoy Córdoba Abogados and Costa Rican law firm BDS Asesores under the name “Littler Global.” Effective October 1, Littler’s expansion into Central America and further development in South America solidifies its position as...