Business law

Windward Provides Danske Bank with AI Solution for Optimizing Sanctions Compliance and Maritime Trade Finance

Tuesday, November 24, 2020 - 12:00pm

Windward's AI-based predictive intelligence solution will enable Danske Bank to employ dynamic risk profiling and to efficiently integrate the latest automated risk-based maritime compliance solutions to more efficiently comply with and manage increasing sanctions risks and regulations.

Key Points: 
  • Windward's AI-based predictive intelligence solution will enable Danske Bank to employ dynamic risk profiling and to efficiently integrate the latest automated risk-based maritime compliance solutions to more efficiently comply with and manage increasing sanctions risks and regulations.
  • The global financial sector is under pressure to increase due diligence and efforts against financial crimes, sanctions, and money laundering.
  • "Financial institutions are some of the most heavily regulated in the world," said Amalie Korning Wedege, Head of Sanctions Compliance at Danske Bank.
  • To meet regulatory expectations, we are enhancing our efforts to improve business operations, reduce risk, and improve compliance across maritime financial trade using Windward's AI solution."

Windward Provides Danske Bank with AI Solution for Optimizing Sanctions Compliance and Maritime Trade Finance

Tuesday, November 24, 2020 - 12:00pm

Windward's AI-based predictive intelligence solution will enable Danske Bank to employ dynamic risk profiling and to efficiently integrate the latest automated risk-based maritime compliance solutions to more efficiently comply with and manage increasing sanctions risks and regulations.

Key Points: 
  • Windward's AI-based predictive intelligence solution will enable Danske Bank to employ dynamic risk profiling and to efficiently integrate the latest automated risk-based maritime compliance solutions to more efficiently comply with and manage increasing sanctions risks and regulations.
  • The global financial sector is under pressure to increase due diligence and efforts against financial crimes, sanctions, and money laundering.
  • "Financial institutions are some of the most heavily regulated in the world," said Amalie Korning Wedege, Head of Sanctions Compliance at Danske Bank.
  • To meet regulatory expectations, we are enhancing our efforts to improve business operations, reduce risk, and improve compliance across maritime financial trade using Windward's AI solution."

SHAREHOLDER ALERT: WeissLaw LLP Reminds UROV, CIT, HLIX, and CBLI Shareholders About Its Ongoing Investigations

Tuesday, November 24, 2020 - 1:31am

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors ofUrovant Sciences Ltd. (NASDAQ: UROV)in connection with the proposed interested-party acquisition of the company by Sumitovant Biopharma Ltd., UROV's majority shareholder that currently owns 72% of the company's outstanding common shares.

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors ofUrovant Sciences Ltd. (NASDAQ: UROV)in connection with the proposed interested-party acquisition of the company by Sumitovant Biopharma Ltd., UROV's majority shareholder that currently owns 72% of the company's outstanding common shares.
  • Under the terms of the acquisition agreement, the company's shareholders will receive only $16.25 in cash for each share of UROV common stock that they own.
  • If you own UROV shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/urov/
    WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CIT Group Inc. (NASDAQ: CIT)in connection with the proposed acquisition of the company by First Citizens BancShares, Inc. ("FCNCA").
  • Under the terms of the agreement, CIT shareholders will receive 0.0620 shares of FCNCA common stock for each share of CIT common stock that they own, representing implied per-share merger consideration of $33.88 based upon FCNCA's November 20, 2020 closing price of $546.43.

COPT Appoints Todd Hartman as Chief Operating Officer

Monday, November 23, 2020 - 9:16pm

Corporate Office Properties Trust (COPT or the Company) (NYSE:OFC) announces the appointment of Todd Hartman as Executive Vice President and Chief Operating Officer, effective November 30, 2020.

Key Points: 
  • Corporate Office Properties Trust (COPT or the Company) (NYSE:OFC) announces the appointment of Todd Hartman as Executive Vice President and Chief Operating Officer, effective November 30, 2020.
  • Mr. Hartman is an established commercial real estate executive with over 25 years of experience in asset management, property management and leasing, corporate operations, and corporate strategy.
  • His strong leadership skills and deep experience at both the property and corporate levels make him an ideal fit for our Company.
  • Mr. Hartman received his Masters of Business Administration and a Bachelors degree in Engineering from The Ohio State University.

Why Do Business Owners Sense They Are Playing Checkers in a Chess World?

Monday, November 23, 2020 - 3:35pm

Traditional sales and marketing generated sales are very important to a business's health, but it's no longer enough to remain viable in many industries.

Key Points: 
  • Traditional sales and marketing generated sales are very important to a business's health, but it's no longer enough to remain viable in many industries.
  • Businesses today face the triple vice of rapid technological advancement, talent wars and increasing competition.It's true that companies must grow or die - there is forward or backward, but nostanding stillany business.
  • Edward Valaitis said: "Why leave all the upside on the table for the investors that may acquire your business one day?"
  • Edison Avenue provides Business Sale, Business Valuation and Growth Strategy Consulting services.

Equiem Launches First-to-Market Leasing Dashboards to Help Landlords Monitor and Retain Tenants

Monday, November 23, 2020 - 1:55pm

Equiems new Leasing Dashboards are designed to help owners segment and profile individual tenants, understand their past behaviours, anticipate their future needs and formulate tailored engagement strategies aimed at long-term retention.

Key Points: 
  • Equiems new Leasing Dashboards are designed to help owners segment and profile individual tenants, understand their past behaviours, anticipate their future needs and formulate tailored engagement strategies aimed at long-term retention.
  • Every time a tenant uses an Equiem product the data is anonymized, synthesized and presented to the property manager, owner and/or leasing team in detailed feeds on the new Leasing Dashboards, said Gabrielle McMillan, CEO of Equiem.
  • The data can easily be sliced to provide insights that help owners build tailored retention strategies for each individual tenant.
  • Landlords and leasing teams armed with this level of detailed data will undoubtedly fare better during lease negotiations throughout this difficult cycle.

DGAP-News: SLOVENSKÉ ENERGETICKÉ STROJÁRNE a. s.: NOTIFICATION OF CONVOCATION OF EXTRAORDINARY GENERAL MEETING

Monday, November 23, 2020 - 9:01am

c) Shareholder has the right to participate in and vote at general meeting, to request at general meeting information and explanations regarding matters of the Company or matters of persons controlled by the Company relating to the subject-matter of general meeting and submit proposals.

Key Points: 
  • c) Shareholder has the right to participate in and vote at general meeting, to request at general meeting information and explanations regarding matters of the Company or matters of persons controlled by the Company relating to the subject-matter of general meeting and submit proposals.
  • At the same time, upon petition of the shareholders, the court determines the chairman of the general meeting who will preside the general meeting until the chairman of the general meeting is appointed.
  • If the court authorizes shareholders to convene the general meeting, the expenses of court proceedings and of general meeting shall be borne by the Company.
  • Board of Directors of SLOVENSK ENERGETICK STROJRNE a.s.
    Annex to notification of convocation of EGM: Template proxy

Schulte Roth & Zabel Presents Its 11th Annual Shareholder Activism Conference

Thursday, November 19, 2020 - 11:28pm

Schulte Roth & Zabel (SRZ), a market-leading law firm serving the financial services industry, is hosting its 11th Annual Shareholder Activism Conference today.

Key Points: 
  • Schulte Roth & Zabel (SRZ), a market-leading law firm serving the financial services industry, is hosting its 11th Annual Shareholder Activism Conference today.
  • The virtual event spotlights prominent players in the shareholder activism space, including activist investors, advisers and proxy advisory firms.
  • Ele Klein and Marc Weingarten, SRZ partners and co-chairs of the firms global Shareholder Activism Group, are spearheading the annual event.
  • We are proud to present our 11th Annual Shareholder Activism Conference, said David Efron, SRZ co-managing partner and co-head of the Investment Management Group.

Frontier Communications Prices $1.55 Billion First Lien Secured Notes Offering and $1.00 Billion Second Lien Secured Notes Offering

Thursday, November 19, 2020 - 11:25pm

Frontier Communications Corporation (OTC: FTRCQ) (Frontier Communications) announced today that it has priced its previously announced offering of $1.55 billion aggregate principal amount of First Lien Secured Notes due 2028 (the First Lien Secured Notes) and $1.00 billion aggregate principal amount of Second Lien Secured Notes due 2029 (the Second Lien Secured Notes and, together with the First Lien Secured Notes, the Notes) in a private transaction.

Key Points: 
  • Frontier Communications Corporation (OTC: FTRCQ) (Frontier Communications) announced today that it has priced its previously announced offering of $1.55 billion aggregate principal amount of First Lien Secured Notes due 2028 (the First Lien Secured Notes) and $1.00 billion aggregate principal amount of Second Lien Secured Notes due 2029 (the Second Lien Secured Notes and, together with the First Lien Secured Notes, the Notes) in a private transaction.
  • The Second Lien Secured Notes will bear interest at 6.75% per year and will be sold at a price equal to 100% of the principal thereof.
  • The settlement of the Notes is expected to occur on or about November 25, 2020, subject to customary closing conditions.
  • Frontier Communications has no obligation to update or revise these forward-looking statements and does not undertake to do so.

DGAP-News: Michael Eberhardt to become new CEO of SNP SE - Dr. Michael Drill as Chairman of the Board of Directors elected

Thursday, November 19, 2020 - 7:02pm

Michael Eberhardt to become new CEO of SNP SE - Dr. Michael Drill as Chairman of the Board of Directors elected

Key Points: 
  • Michael Eberhardt to become new CEO of SNP SE - Dr. Michael Drill as Chairman of the Board of Directors elected
    The issuer is solely responsible for the content of this announcement.
  • Michael Eberhardt to become new CEO of SNP SE - Dr. Michael Drill as Chairman of the Board of Directors elected
    Heidelberg, November 19, 2020: The Board of Directors of SNP Schneider-Neureither & Partner SE decided in its meeting today to appoint Michael Eberhardt as the new CEO with effect from December 1, 2020.
  • "In Michael Eberhardt, we have been able to recruit a proven IT expert and a very experienced manager for this role," says Dr. Michael Drill, Chairman of the Board of Directors of SNP SE.
  • The Board of Directors also elected Dr. Michael Drill as the new Chairman of the Board in this meeting.