CBRE Global Investors Germany GmbH has acquired a portfolio of three logistics assets in Germany from an Austrian fund for almost EUR 62 millions. The logistics assets in Bingen, Kassel and Ennigerloh were bought on behalf of a separate account client from an open-ended fund managed by Raiffeisen Capital Management. They will be added to the four properties acquired earlier by CBRE Global Investors Germany GmbH for the same client. The three properties total 74,000 sqm and are let to Metro (Bingen), Volkswagen (Kassel) and B Logistik (Ennigerloh) on a 8.4 year weighted average lease term. More…
Monthly Archives: September 2014
LPA Lefèvre Pelletier & associés advises CBRE Global Investors Germany GmbH again with the acquisition of a portfolio of three logistics assets in Germany
Co-authored by Ted A. Gehring.
On April 17th, 2012, we blogged about a malicious prosecution claim brought against Latham & Watkins in Los Angeles Superior Court. The suit alleged that the Plaintiffs, William Parrish and Timothy Fitzgibbons, were former officers and shareholders of Indigo Systems Corporation, which was purchased by FLIR Systems, Inc. in 2004. From 2004 to 2006 the Plaintiffs worked for FLIR, leaving in 2006 to start their own business. FLIR retained Latham and sued them for, among other things, misappropriation of trade secrets. The trial court denied FLIR’s request for a permanent injunction, found FLIR brought the trade secrets action in bad faith, and awarded attorney’s fees and costs of $1,641,216.78. The trial court’s decision was affirmed on appeal. FLIR Systems, Inc. v. William Parrish, et al., 174 Cal.App.4th 1270 (2009).
ASEAN Economic Community
ASEAN Collective Investment Scheme
Singapore’s Monetary Authority, Malaysia’s Securities Commission, and the Securities and Exchange Commission of Thailand announced that the ASEAN Collective Investment Scheme (CIS) framework is now operational between the three countries. Fund managers and retail investors in the three countries can buy and sell mutual funds issued in any of the three countries and have a direct channel for cross-border distribution of the funds in these three markets. Under the CIS, funds will not have to be structured for each individual country and can be easily registered for the three countries. The CIS will allow investors and fund managers to leverage and benefit from the region’s combined GDP of US$2.4 trillion. More…
The Illinois Wage Payment and Collection Act was amended to regulate the use of payroll cards.
A “payroll card” is a card provided to an employee by an employer or other payroll card issuer as a means of accessing the employee’s payroll card account.
A “payroll card account” is an account that is directly or indirectly established through an employer and to which deposits of a participating employee’s wages are made. More…
A party’s internet activity may affect whether the party is subject to a court’s jurisdiction.
Advanced Tactical Ordnance Systems, LLC v Real Action Paintball, Inc., 751 F.3d 796 (7th Cir. 2014), was a trademark infringement action, brought by Advanced Tactical against Action Paintball, Inc., and its president, K.T. Tran.
A PepperBall is a ball filled with a pepper-spray-like irritant. Police departments, private security firms, and similar organizations use these items. More…
Healthcare Alert: Deadline is fast approaching for business associate agreements to comply with HIPAA’s Omnibus Rule
Many organizations (e.g., business associates, covered entities, contractors/vendors of business associates) have updated their business associate agreements to comply with HIPAA’s Omnibus Rule. However, many organizations still have not. Please be aware that all business associate agreements must be brought into compliance with the HIPAA Omnibus Rule by Sept. 22, 2014.
Whether you are a covered entity who deals with business associates or a business associate who provides services to covered entities, you should review all of your business associate arrangements to confirm that you have written business associate agreements in place that comply with the HIPAA Privacy and Security Rules, as updated by the Omnibus Rule. Start this process by identifying all of your business associate contractor/vendor relationships and, if you are a business associate, any contractor/vendor relationships you have which involve your disclosure of protected health information (PHI).
Come, Make in India
The Prime Minister has given a new slogan to the country – Come, Make in India – and he has actually told the world out there that he is very serious about making India a manufacturing hub.
“Be it plastics or cars or satellites or agricultural products, come make in India,” the prime minister said, repeating his government’s resolve to step up manufacturing. “We should dream of ‘Made in India’ products across the world.We need to encourage the manufacturing sector.We need to channelise the strength of the youth through manufacturing,” the prime minister stressed. “Manufactured goods should have zero defect as also zero effect on environment,” he added. More…
It’s been a busy couple of weeks in the trade policy “space” (to use the cliché) and it is very clear that Governments here and overseas are placing an increased focus on customs reform as part of a global push on trade facilitation and de – regulation, even though the Protocol on adoption of the WTO Trade Facilitation Agreement was not adopted by the deadline of 31 July 2014. In a related topic, a number of studies have recently been released which emphasise the need to improve the use of Free Trade Agreements (“FTA“) and for Governments to adopt measures to assist in that process. More…
COSL has asked industry and consumer groups for feedback on proposed changes to the way they deal with credit repair agencies and other representatives of consumers who ‘behave badly’.
COSL is concerned that some credit repair agencies target consumers in financial distress and charge them significant fees to access services that consumers can access without charge. More…