Mason Hayes Curran Investment Funds Update February/March 2012 On 21 December 2011, the Central Bank of Ireland (the “Central Bank”) issued a letter to the industry regarding director appointments via conduit firms. The Central Bank referred to previous correspondence issued to the industry where they advised of their concern that such arrangements may contain unacceptable limitations on the liability of directors and explaining their view that all director appointments must be made directly by the collective investment scheme (the “CIS”) or management company...

Mason Hayes Curran Investment Funds Update In order to provide some guidance to the investment funds industry, the Irish Funds Industry Association, on 13 February 2012, published an Information Note on the Fitness and Probity regime.  The purpose of the Information Note is to provide guidance on: (a) the identification of persons exercising PCF and CF roles in investment companies and management companies which operate on a delegated model basis by outsourcing all their day to day activities to third parties; (b) the level of...

Exceptional commitment to client success Houlihan Lokey is proud to celebrate its 40th Anniversary as an international investment bank, having earned distinction in mergers, acquisitions, financings, financial restructuring, financial opinions and valuations. We would like to thank our clients for their support and congratulate them on their success and growth. Today our commitment to client service drives our business. Our hands-on experience and intellectual rigor have become our calling cards. By combining the access and expertise of an international firm with...

For the first time since, 1990, U.S. Customs and Border Protection (CBP) has revised the Bonded Warehouse Manual for Customs and Border Protection Officers and Bonded Warehouse Proprietors. The Manual is supplementary to the bonded warehouse regulations (19 C.F.R. Parts 19, 144) and is designed to assist in understanding those regulations and bonded warehouse operations in general. The manual now also address duty-free enterprise operations, with limited information on centralized examination stations (CES) and container freight stations (CFS). A copy...

Fulbright Alert -- The Federal Trade Commission ("FTC") just announced increases to the reporting thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"). These changes result from amendments to the HSR Act enacted in 2000 that require the FTC to revise the reporting thresholds annually based on changes in the U.S. gross national product. The increases will apply to all transactions that close after the effective date, which likely will be in late February...

A senior bankruptcy lawyer has joined the international law firm of Fulbright & Jaworski. Ancela R. Nastasi joins Fulbright as the head of the New York office's bankruptcy and insolvency practice group. Her extensive experience includes prominent roles in complex restructuring and chapter 11 cases, including insolvency and bankruptcy related litigation and transactions. Nastasi represents lenders, investors, debtors, chapter 11 trustees and creditors in matters involving myriad industries, including financial services, telecommunications, manufacturing, hospitality and real estate.  "Ancela is an...

EACC member Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP has provided us with an COAC-Parallel-Imports-Directive prepared by the Advisory Committee On Commercial Operations Of Customs And Border Protection (COAC)

From The New York Times By STEPHEN CASTLE BRUSSELS — Croats voted by a two-to-one margin on Sunday to join the European Union, signaling that the bloc retains its allure despite the debt crisis engulfing the euro currency that many of its members use. The state referendum commission said that with almost all the votes counted, about 66 percent in Croatia supported membership, while 33 percent were opposed and 1 percent of the ballots were invalid. The commission put the turnout...