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New York Law Journal

Germany Tightens Rules on Foreign Investments. What Are the Implications?

Anahita Thoms writes that on July 12, Germany tightened its control over acquisitions of domestic companies by foreign investors by introducing amendments to the Foreign Trade and Payments Ordinance. As a result the German Federal Ministry for Economic Affairs and Energy can now block certain acquisitions more easily based on security reasons, which aligns Germany more closely to the regime in the United States.
6 minute read

New York Law Journal

DFS Approves Banking Development District in Oneida County

The New York Dept. of Financial Services announced that it has approved a new banking development district in Oneida County to expand banking in the low income community.
2 minute read

Daily Business Review

Greenberg Traurig Team Races Against Irma to Close $475M Offering

Attorneys were on a tight timetable on a stock offering with the hurricane approaching Florida, and they made backup arrangements to keep the transaction on track.
4 minute read

Connecticut Law Tribune

State-Subsidized Segregation in Connecticut

Although our governments no longer demand segregation, housing assistance continues to confine low-income people of color to the low opportunity areas of Connecticut.
4 minute read

Daily Report Online

Small Businesses Begin Filing Class Actions Against Equifax

Consumers aren't the only ones suing over the Equifax data breach: Small businesses, including a law firm and a credit union, want to recoup financial losses tied to the massive cyberattack.
5 minute read

New York Law Journal

State Orders Payday Lender, Collector to Forgive $12M in Debt

A settlement between the New York state Department of Financial Services and a payday loan debt collector and a loan servicer requires them to forgive $12 million in debt for New York consumers.
7 minute read

Legaltech News

Small Businesses Begin Filing Class Actions Against Equifax

A law firm and a credit union want to recoup financial losses tied to the massive cyberattack.
5 minute read

New York Law Journal

Treatment of Make-Whole Premiums in Bankruptcy: A Bondholder Perspective

Courts have generally found that make-whole provisions do not provide for the payment of unmatured interest, nor are they unenforceable liquidated damages provisions. It would behoove the court in 'Ultra Petroleum' to continue the precedent on these issues, because failure to do so would call into question the ever-important principle that when evaluating documents governed by New York law, courts will generally defer to the mutual intent of the parties as manifested within the four corners of the document.
7 minute read

Daily Business Review

Wall Street Exhales After Venezuela Makes Another Bond Payment

Investors in Venezuelan securities are breathing a sigh of relief after the government once again made good on its promise to pay foreign bondholders.
4 minute read

Legaltech News

EU Financial Market Compliance a Matter of What, Not If, Technology Can Help

The new MiFID II regulation, set to go into effect January 3, looms for financial organizations that have yet to figure out how they will retain business…
5 minute read

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