Businesses
Here's a look at documents from U.S. and international businesses
Featured Stories
Lynn Linne Receives MSBA Distinguished Service Award
MINNEAPOLIS, Minnesota, June 19 -- Fredrikson and Byron, a law firm, issued the following news on June 17, 2026:
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Lynn Linne Receives MSBA Distinguished Service Award; Jennifer Pusch and Dylan Saul Elected to Tax Section Leadership
Fredrikson shareholder Lynn S. Linne was honored by the Minnesota State Bar Association (MSBA) Tax Law Section at the Annual Judges Conference on June 10, 2026, in St. Paul. Linne, a member of the Section Council since 2017, was presented with the 2026 Jack Carlson Memorial Distinguished Service Award, recognizing her outstanding accomplishments and dedication
... Show Full Article
MINNEAPOLIS, Minnesota, June 19 -- Fredrikson and Byron, a law firm, issued the following news on June 17, 2026:
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Lynn Linne Receives MSBA Distinguished Service Award; Jennifer Pusch and Dylan Saul Elected to Tax Section Leadership
Fredrikson shareholder Lynn S. Linne was honored by the Minnesota State Bar Association (MSBA) Tax Law Section at the Annual Judges Conference on June 10, 2026, in St. Paul. Linne, a member of the Section Council since 2017, was presented with the 2026 Jack Carlson Memorial Distinguished Service Award, recognizing her outstanding accomplishments and dedicationto the tax community. The MSBA Tax Section started the award in 1991 to honor lawyers who exemplify extraordinary tax competence, professionalism and contributions to the tax community.
Linne is a property tax attorney focused on valuation based disputes and property tax exemption matters. She regularly assists clients in reducing assessed values across a wide range of property types, including industrial, office, retail, hotel, and special purpose properties. Linne assists clients with all of their property tax related needs, including valuation appeals, utility property tax appeals, and exemption applications and appeals. She also represents clients in all stages of controversy, including audits, administrative appeals and litigation relating to all state and local tax types. Lynn is licensed in both Minnesota and Wisconsin, and has successfully represented clients before local administrative agencies, the Minnesota Tax Court, the Minnesota Supreme Court, and Wisconsin Circuit Courts. She is also a council member and the past-chair of the Minnesota State Bar Tax Section.
Additionally, Fredrikson shareholder Jennifer R. Pusch was elected chair of the MSBA Tax Section Council, and Fredrikson associate Dylan B. Saul was elected vice chair of the MSBA Tax Section Council.
Pusch advises on energy tax credits, including those impacted by the Inflation Reduction Act and the OBBBA, and advises on state and local taxation of renewable energy projects. Pusch also represents clients in all types of tax disputes and controversies, including federal and state audits, administrative appeals litigation and property tax appeals. Pusch serves clients from a variety of industries including renewable energy development (wind, solar, energy storage, RNG, waste-to-energy, geothermal), construction, manufacturing, computer software, healthcare, restaurants and retail.
Saul has experience conducting legal research and guiding clients through tax disputes and controversies, including audits, administrative appeals and litigation. Among other things, he assists with corporate income and franchise tax disputes, complex SALT matters, offers in compromise, sales and use taxes, and property tax appeals.
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Fredrikson & Byron is a leading Midwest law firm working collaboratively to help businesses achieve their goals regionally, nationally and globally. With a reputation as the firm "where law and business meet," our attorneys bring business acumen and entrepreneurial thinking to work with clients and operate as business advisors and strategic partners as well as legal counselors. The firm's 400+ attorneys serve clients from offices in Minnesota, Iowa, North Dakota, Wisconsin, Mexico and China. Learn more at fredlaw.com or LinkedIn.
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Original text here: https://www.fredlaw.com/news-lynn-linne-receives-msba-distinguished-service-award-jennifer-pusch-dylan-saul-elected-to-tax-section-leadership
[Category: BizLaw/Legal]
Littler Issues Commentary: Labor & Employment World Cup 2026 - Two Host Nations, Two Approaches to Workforce Mobility
SAN FRANCISCO, California, June 19 -- Littler, a law firm, issued the following commentary on June 18, 2026, by associate Josue Ramon Miranda Reyes and partner Yusra Siddiquee:
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Labor & Employment World Cup 2026: Two Host Nations, Two Approaches to Workforce Mobility
At a Glance
What happens when different sports cultures and legal frameworks converge on the same global stage? Our Labor & Employment World Cup 2026 series aims to find out. Think of this less as a head-to-head match and more as a conversation between host cities and national teams--each shaped by distinct approaches to competition
... Show Full Article
SAN FRANCISCO, California, June 19 -- Littler, a law firm, issued the following commentary on June 18, 2026, by associate Josue Ramon Miranda Reyes and partner Yusra Siddiquee:
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Labor & Employment World Cup 2026: Two Host Nations, Two Approaches to Workforce Mobility
At a Glance
What happens when different sports cultures and legal frameworks converge on the same global stage? Our Labor & Employment World Cup 2026 series aims to find out. Think of this less as a head-to-head match and more as a conversation between host cities and national teams--each shaped by distinct approaches to competitionand the rules of the workplace. For employers operating across borders, it helps to see how these systems intersect. With a presence in both regions, Littler is well positioned to help navigate where those perspectives meet or diverge.
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Kickoff: Meet Team Canada on Home Soil
Canada's men's national soccer team has undergone a clear evolution in both style of play and international reputation over the past decade. Historically viewed as hardworking but defensively oriented, Canada has transformed into a more dynamic, transition-focused team built on pace, athleticism, and attacking intent. The emergence of high-profile players competing in top European leagues has accelerated this shift, allowing Canada to play with greater confidence in possession while remaining dangerous on the counterattack.
This shift in playing style has also reshaped Canada's footballing identity. Where the program once struggled for consistent results and global visibility, recent qualification successes and competitive performances have elevated expectations. Canada is no longer seen as a peripheral participant but as a rising football nation with credible ambitions.
Fan culture around the Canadian national team has grown in parallel with its on-field success. Supporters' groups are increasingly visible and organized, contributing to a lively and inclusive matchday atmosphere. Reflecting Canada's broader multicultural fabric, the fan base brings together diverse football traditions and styles of support, creating an environment that is both globally influenced and distinctly Canadian.
Like Canada, Mexico enters the tournament both as a host nation and with a team that carries national pride and heightened expectations.
Kickoff Continues: Meet Team Mexico on Home Soil
Mexico is now the first country to host three men's FIFA World Cups, having previously hosted the tournament in 1970 and 1986 before welcoming the world back in 2026 alongside Canada and the United States. Despite 17 World Cup appearances and only five absences, one shadow still follows the team: Mexico has never reached the semifinals. However, this time the story started on a better foot. Prior to this tournament, Mexico had played seven opening matches without a single win. With its 2-0 victory over South Africa on June 11, 2026, however, the team is off to a much-improved start.
Mexico's history includes icons like Rafael Marquez and Javier "Chicharito" Hernandez, but today there's no single global star wearing the green jersey. Still, this squad blends experience with fresh energy, and that mix has the fans believing this could be the year Mexico finally goes further.
Football occupies a unique place in Mexican culture. Few examples capture that passion better than Mexico City Stadium (usually known as Estadio Azteca), which was packed with roughly 87,000 fans for the June 11 opener, even though resale tickets hit up to $10,000 USD - $174,000 MX pesos per seat. That contrast hits hard in a country where the daily minimum wage in the central region is just $315 MX pesos./1 Likewise, Mexico has been a great host for national teams that have set up their training bases there for the duration of the tournament, such as Iraq in Tijuana or South Korea in Guadalajara. These cities offer a wide range of cultural and culinary experiences, not to mention populations who are generally kind and welcoming to visitors.
The Rulebook: Cross-Border Workforce Mobility and Immigration
Beyond their different football history, Canada and Mexico also offer distinct legal and regulatory environments for employers. Those differences are particularly evident in the area of workforce mobility, where each country has developed its own framework for managing the movement of talent across borders.
Canada
From a Canadian perspective, cross-border worker mobility is governed by a structured, rules-based immigration system designed to balance economic needs with domestic labour protections. Employers seeking to bring foreign workers into Canada must navigate a framework that distinguishes between various categories of temporary work authorization. Certain options are facilitated by international free trade agreements, such as the Canada-United States-Mexico Agreement (CUSMA), which enables streamlined entry for specific classes of professionals. Others require a Labour Market Impact Assessment (LMIA), a process intended to confirm that hiring a foreign worker will not adversely affect opportunities for Canadian workers.
While transparent in principle, this system can be administratively complex in practice. Employers must carefully assess the appropriate work authorization category, ensure that the role aligns with regulatory definitions, and prepare detailed supporting documentation. Even where LMIA exemptions are available, eligibility criteria are applied rigorously, and processing timelines may vary. As a result, cross-border workforce planning, particularly for multinational organizations, requires advance coordination and a strong understanding of Canada's immigration framework to minimize delays and operational disruption.
A key pathway within this framework is the intracompany transfer (ICT) category, which is widely used by multinational employers to deploy talent across borders. This LMIA-exempt category allows organizations to temporarily transfer executives, senior managers, and employees with specialized knowledge from a foreign affiliate to a Canadian entity. Although the ICT category offers a relatively efficient route for mobility, it is supported by detailed evidentiary requirements. Employers must demonstrate a qualifying corporate relationship between entities and establish the employee's role, experience, and level of expertise. Canadian authorities closely scrutinize whether a position meets the applicable definitions, requiring clear, well-documented evidence.
Compliance obligations extend beyond entry into Canada. Employers must adhere to the terms set out in work permits, including job duties, compensation, and work location. Canadian regulators actively enforce these requirements through inspections and audits, with the authority to impose administrative penalties, restrict program access, and publicly list non-compliant employers. This enforcement environment has prompted many organizations to adopt more robust internal compliance systems to monitor and manage their foreign workforce.
Finally, Canada's immigration regime operates alongside a decentralized employment law system, in which most workplace standards are governed at the provincial level. Employers must therefore ensure that foreign workers are treated in accordance with applicable provincial legislation relating to wages, hours of work, and occupational health and safety. Taken together, Canada's approach reflects a cautious but well-regulated model of labour mobility, one that provides clear pathways for accessing global talent, while requiring careful attention to legal, procedural, and operational compliance.
Mexico
Like Canada, Mexico maintains a comprehensive legal framework governing foreign workers. However, recent workforce mobility discussions have increasingly centered on a different category of cross-border talent: remote workers and digital nomads.
In Mexico, cross-border labor mobility is currently a controversial issue within the country due to a phenomenon that has gained relevance over at least the last ten years: "digital nomads" who live and work in the country from home, often without paying taxes and in many cases without a work visa. Immigration to Mexico exploded with the onset of the 2020 COVID-19 pandemic, which pushed many jobs across sectors to become remote. In addition, the balance between cost and quality of life, proximity to countries like the United States and Canada, and minimal time zone differences, encouraged a wave of foreigners to settle permanently in Mexico.
According to data provided by the Mexican Government itself, living in Mexico City is more affordable in terms of basic needs, healthcare, mobility, education, and social life. Specifically, the average monthly rent is lower than many comparator cities (e.g., Lisbon, Portugal: $3,495 USD monthly; Madeira, Portugal: $1,992 USD monthly; Bangkok, Thailand: $1,886 USD monthly; Canggu, Bali: $1,872 USD monthly; as compared to Mexico City, Mexico: $1,823 USD monthly)./2
This should come as no surprise, since Mexico City is the largest metropolitan area in the Western Hemisphere, and given the country's capital infrastructure and the variety of services, culture, and entertainment. Because of this, Mexico has become a major destination for people around the world who want to work from home. However, labor mobility has also brought negative effects to the country, such as gentrification and informal migration.
Informal migration impacts the Mexican economy, since the digital nomad does not contribute to the Mexican Social Security Institute (IMSS) or pay taxes such as Income Tax (ISR). The process any foreigner is supposed to follow when immigrating to Mexico, in broad terms, requires obtaining a work permit from the National Immigration Institute through either an employment-offer visa or a temporary resident visa with work authorization. Benefits must be agreed in writing in the individual employment contract with the employer, and by law they have the same rights and benefits as any Mexican employee. For employers, the only additional condition set by the Federal Labor Law is that each workplace must have at least 90% Mexican employees.
The legal framework for cross-border labor mobility in Mexico is regulated by the Political Constitution of the United Mexican States, the Federal Labor Law, the Migration Law, and internationally through the T-MEC (also known as the USMCA or CUSMA, as noted above)/3 signed with Canada and the United States. Taken together, these offer extensive regulation for any foreigner who wants to work in the country. However, the notable challenge that government authorities are now facing is how to bring digital nomads into compliance with Mexican law.
On the Global Field: Closing Thoughts
On the pitch, Canada and Mexico will pursue the same objective to advance as far as possible in the tournament on home soil. Off the pitch, cross-border talent deployment, immigration compliance, and workforce planning remain critical issues for employers operating in Canada, Mexico, and beyond.
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See Footnotes
1/ Redaccion (2026, May 6). Por que los boletos del Mundial 2026 generaron criticas? El FINANCIERO, available at https://www.elfinanciero.com.mx/deportes/mundial-2026/2026/05/06/fifa-defiende-el-precio-de-los-boletos-del-mundial-2026-los-compran-en-reventa-y-mas-caros/.
2/ Agencia Digital de Innovacion Publica. (s/f). Nomadas Digitales. Gobierno de la Ciudad de Mexico, available at https://digitalnomads.cdmx.gob.mx/es/.
3/ T-MEC, USMCA, and CUSMA all refer to the same trade agreement that replaced the North American Free Trade Agreement (NAFTA) in July 2020.
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Authors
Josue Ramon Miranda Reyes
Associate
Mexico City
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Yusra Siddiquee
Partner
Toronto
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Original text here: https://www.littler.com/news-analysis/asap/labor-employment-world-cup-2026-two-host-nations-two-approaches-workforce
[Category: BizLaw/Legal]
Hughes Hubbard & Reed Wins Summary Judgment for Brightwood Capital
NEW YORK, June 19 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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Hughes Hubbard Wins Summary Judgment for Brightwood Capital
Highlights
* Won summary judgment dismissing all claims in dispute over ~$253.5M continuation fund transaction.
* Court held alleged pre-closing payment was not a material breach and did not cause deal failure.
* Secured complete victory following earlier denial of plaintiff's preliminary injunction.
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Hughes Hubbard secured summary judgment for private investment firm Brightwood Capital in litigation brought by specialist credit investor
... Show Full Article
NEW YORK, June 19 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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Hughes Hubbard Wins Summary Judgment for Brightwood Capital
Highlights
* Won summary judgment dismissing all claims in dispute over ~$253.5M continuation fund transaction.
* Court held alleged pre-closing payment was not a material breach and did not cause deal failure.
* Secured complete victory following earlier denial of plaintiff's preliminary injunction.
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Hughes Hubbard secured summary judgment for private investment firm Brightwood Capital in litigation brought by specialist credit investorBanner Ridge Partners arising from a roughly $253 million continuation fund transaction.
Banner Ridge filed suit in 2024 in New York Supreme Court, New York County, alleging that Brightwood breached an agreement under which Banner Ridge would invest up to $253.5 million in a continuation vehicle transaction. The vehicle was designed to allow investors in older Brightwood funds either to exit their positions or roll their investments into a new fund.
Banner Ridge claimed, among other things, that Brightwood improperly funded an initial pre-closing payment to selling investors using alternative funding sources, rather than Banner Ridge's committed capital, and that this conduct breached the parties' agreement and deprived Banner Ridge the opportunity to participate in the transaction.
The court rejected those claims, holding that the challenged payment was not a material breach and did not cause the transaction to fail. Instead, the court found that a separate commercial issue unrelated to the alleged breach prevented the parties from closing by the contractual deadline, after which Brightwood validly terminated the agreement.
The firm previously defeated Banner Ridge's motion for a preliminary injunction and, on June 10, prevailed on summary judgment, securing dismissal of all of Banner Ridge's claims with prejudice.
Fara Tabatabai led the Hughes Hubbard team, which included Dan Weiner and Chuck Samuelson.
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Featured Lawyers
Fara Tabatabai
Partner
Locations
New York
fara.tabatabai@hugheshubbard.com
+1 (212) 837-6296
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Daniel Weiner
Partner
Locations
New York
Miami
Daniel
daniel.weiner@hugheshubbard.com
+1 (212) 837-6874
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Chuck Samuelson
Partner
Locations
New York
chuck.samuelson@hugheshubbard.com
+1 (212) 837-6454
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Original text here: https://www.hugheshubbard.com/news-insights/news/hughes-hubbard-wins-summary-judgment-for-brightwood-capital
[Category: BizLaw/Legal]
FirstEnergy Announces Senior Leadership Appointments in Business Transformation, Ethics & Compliance and Security
AKRON, Ohio, June 19 -- FirstEnergy issued the following news release on June 18, 2026:
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FirstEnergy Announces Senior Leadership Appointments in Business Transformation, Ethics & Compliance and Security
Antonio Fernandez appointed Vice President of Business Transformation; Deandra Williams-Lewis named Vice President and Chief Ethics & Compliance Officer; Brian Harrell assumes additional role of Chief Privacy Officer
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FirstEnergy Corp. (NYSE: FE) today announced a series of senior leadership appointments that underscore a commitment to operational excellence, integrity and data protection.
After
... Show Full Article
AKRON, Ohio, June 19 -- FirstEnergy issued the following news release on June 18, 2026:
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FirstEnergy Announces Senior Leadership Appointments in Business Transformation, Ethics & Compliance and Security
Antonio Fernandez appointed Vice President of Business Transformation; Deandra Williams-Lewis named Vice President and Chief Ethics & Compliance Officer; Brian Harrell assumes additional role of Chief Privacy Officer
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FirstEnergy Corp. (NYSE: FE) today announced a series of senior leadership appointments that underscore a commitment to operational excellence, integrity and data protection.
Aftera comprehensive external and internal search process, Antonio Fernandez has been named Vice President of Business Transformation, starting June 28, reporting to Jon Taylor, Senior Vice President and Chief Financial Officer.
In this role, Fernandez will lead a team focused on enhancing performance, simplifying processes, improving efficiency and supporting execution of key strategic priorities.
"Antonio's leadership experience, enterprise perspective and proven track record of delivering results make him uniquely qualified to lead this function," said Brian X. Tierney, Board Chairman, President and CEO of FirstEnergy. "His ability to drive meaningful change and develop strong teams will be instrumental as we continue to strengthen how we operate and deliver value."
Fernandez brings five years of exceptional leadership as FirstEnergy's Vice President and Chief Ethics & Compliance Officer, during which he strengthened and advanced the company's Ethics & Compliance program, reinforced a culture of integrity and accountability, and enhanced risk management and compliance capabilities.
Before FirstEnergy, Fernandez held senior ethics, compliance, privacy and legal roles at Public Service Enterprise Group, GE Power, Florida Power & Light and Pacific Gas and Electric Company. He began his career in the Honors Program at the United States Nuclear Regulatory Commission Office of the General Counsel.
Succeeding Fernandez, Deandra Williams-Lewis has been appointed Vice President and Chief Ethics & Compliance Officer, beginning June 28. She will report to Hyun Park, Senior Vice President and Chief Legal Officer, and to the Audit Committee of the Board of Directors.
In her new role, Williams-Lewis will lead FirstEnergy's Ethics & Compliance function, overseeing ethics and compliance risks, guiding policies, procedures and controls, and ensuring effective issue management and reporting across the company. She will continue to strengthen the company's culture of integrity and accountability.
Williams-Lewis most recently served as Director, Ethics & Compliance and Chief Privacy Officer for FirstEnergy, where she played a key role in advancing the company's ethics, compliance and privacy programs. She has broad leadership experience in ethics, compliance, privacy, corporate services and business operations, with prior roles at ReliabilityFirst, GE Lighting, KPMG, BearingPoint, Altos Federal Group and Maxim Healthcare.
Additionally, Brian Harrell, Vice President and Chief Security Officer, will assume the additional role of Chief Privacy Officer. In this expanded capacity, Harrell will lead the company's privacy program and continue to enhance the protection of sensitive customer and employee information. He brings extensive expertise in security, risk management and regulatory compliance to the role.
Before joining FirstEnergy, Harrell held senior security leadership roles at Avangrid Energy, Duke Energy and the North American Electric Reliability Corporation, building deep expertise in cybersecurity, physical security, privacy, resilience and critical infrastructure protection.
"These leadership changes reflect the depth of talent across our organization and our focus on positioning FirstEnergy for long-term success," Tierney added. "We are confident Antonio, Deandra and Brian will continue to make a meaningful impact as they take on these important responsibilities."
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FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X @FirstEnergyCorp.
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Original text here: https://www.firstenergycorp.com/content/fecorp/newsroom/news_articles/FirstEnergy-announces-leadership-appointments-in-business-transformation-ethics-compliance-and-security.html
[Category: BizEnergy]
Barnes & Thornburg Assists Western Kentucky University in Transformative Housing Initiative
INDIANAPOLIS, Indiana, June 19 -- Barnes and Thornburg, a law firm, issued the following news release:
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Barnes & Thornburg Assists Western Kentucky University in Transformative Housing Initiative
Barnes & Thornburg acted as counsel to Western Kentucky University for the first phase of a multiyear housing transformation initiative at the university's campus in Bowling Green, Ky.
The project will modernize campus living at the university through the acquisition and renovation of substantially all of the university's existing housing assets, the demolition of select legacy facilities, and
... Show Full Article
INDIANAPOLIS, Indiana, June 19 -- Barnes and Thornburg, a law firm, issued the following news release:
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Barnes & Thornburg Assists Western Kentucky University in Transformative Housing Initiative
Barnes & Thornburg acted as counsel to Western Kentucky University for the first phase of a multiyear housing transformation initiative at the university's campus in Bowling Green, Ky.
The project will modernize campus living at the university through the acquisition and renovation of substantially all of the university's existing housing assets, the demolition of select legacy facilities, andthe development of a new approximately 1,009-bed semi-suite style residence hall and dining facility on the university's campus. Upon completion, the university will have a capacity of approximately 4,452 residential beds. The redevelopment and renovation work is expected to be completed by summer 2028, with the new housing facility scheduled to open ahead of the fall 2028 semester.
The project is being financed with over $330 million in tax-exempt and taxable bonds issued on June 11, 2026, by the Kentucky Bond Development Corporation on behalf of a borrower created by the Collegiate Housing Foundation. The project will be developed by a subsidiary of Gilbane Development Company and will be managed by Inwood Management.
Barnes & Thornburg's P3 practice, nationally ranked by Chambers USA, regularly advises on the development, delivery, and financing of student housing projects and programs, and is viewed as a national leader in the P3 delivery of student housing, energy, and other social and civil infrastructure.
The Barnes & Thornburg team was led by partners Steve Park and John Smolen.
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Original text here: https://btlaw.com/en/insights/news/2026/barnes-thornburg-assists-western-kentucky-university-in-transformative-housing-initiative
[Category: BizLaw/Legal]
Adriatic Gate Container Terminal Strengthens Far East Connection With MSC's Mainline Phoenix Service
MANILA, Philippines, June 19 -- International Container Terminal Services, a developer, manager and operator of container terminals serving shipping industry, issued the following news release:
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Adriatic Gate Container Terminal strengthens Far East connection with MSC's mainline Phoenix service
Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.'s (ICTSI) operation in Croatia, is expanding its connectivity to the Far East with the start of Mediterranean Shipping Company's Phoenix service at the Port of Rijeka.
The arrival of the service marks another
... Show Full Article
MANILA, Philippines, June 19 -- International Container Terminal Services, a developer, manager and operator of container terminals serving shipping industry, issued the following news release:
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Adriatic Gate Container Terminal strengthens Far East connection with MSC's mainline Phoenix service
Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.'s (ICTSI) operation in Croatia, is expanding its connectivity to the Far East with the start of Mediterranean Shipping Company's Phoenix service at the Port of Rijeka.
The arrival of the service marks anothermilestone in the development of Rijeka as a strategic Adriatic gateway.
The Phoenix service introduces a new direct, continuous maritime mainline connection between the Adriatic, Eastern Mediterranean and key ports in the Far East. It strengthens access to major manufacturing and consumer markets while enhancing supply chain efficiency for regional importers and exporters.
"We are grateful to MSC for their trust in AGCT as one of their main gateway terminals in the Adriatic. With this addition, AGCT now has two weekly direct services coming from the Far East to best serve not only Croatia, but also key landlocked markets in Southeast and Central Europe," said Inigo Mendibe, AGCT chief executive officer.
The service rotates through the following ports: Busan - Ningbo - Shanghai - Shekou - Singapore - Ashdod - Haifa - Trieste - Koper - Rijeka - Ashdod - Singapore - Busan.
Initially deploying 8,000 TEU- to 11,000 TEU-capacity ships, the service is evolving toward larger 13,000+ TEU tonnage, further enhancing capacity on the Asia-Adriatic trade lane.
The Phoenix service, which not only strengthens the Port of Rijeka's global connectivity but also consolidates AGCT's position as a key Adriatic hub within MSC's global network, made its inaugural call at AGCT on June 2 with the arrival of the MSC AGAMEMNON VIII.
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Original text here: https://www.ictsi.com/press-releases/adriatic-gate-container-terminal-strengthens-far-east-connection-mscs-mainline
[Category: BizIndustrial Materials]
A&O Shearman Advises Santander UK on GBP1.4 Billion UK RMBS Portfolio Transaction
LONDON, England, June 19 -- A and O Shearman, a law firm, issued the following news:
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A&O Shearman advises Santander UK on GBP1.4 billion UK RMBS portfolio transaction
A&O Shearman has advised Santander UK on a GBP1.4bn provisional portfolio RMBS transaction backed by UK residential mortgages, which closed on June 17, 2026.
This transaction builds on the success of Frontier 2025-1 and marks another successful trade for Santander UK involving the sale of a substantial portfolio of non-performing and re-performing loans including both buy-to-let and owner-occupied loans, underlining the
... Show Full Article
LONDON, England, June 19 -- A and O Shearman, a law firm, issued the following news:
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A&O Shearman advises Santander UK on GBP1.4 billion UK RMBS portfolio transaction
A&O Shearman has advised Santander UK on a GBP1.4bn provisional portfolio RMBS transaction backed by UK residential mortgages, which closed on June 17, 2026.
This transaction builds on the success of Frontier 2025-1 and marks another successful trade for Santander UK involving the sale of a substantial portfolio of non-performing and re-performing loans including both buy-to-let and owner-occupied loans, underlining thebank's continued commitment to balance sheet optimization.
Bank of America arranged the transaction and acts as risk retention holder. Bank of America and Banco Santander acted as joint lead managers.
The notes comprise a Class A NRR Loan Note together with Class A-G Notes, a Class Z Note, a Class X Note, RC1/RC2 Certificates and Class S Certificates.
"This transaction not only demonstrates the ongoing effectiveness of Santander UK's balance sheet management strategy, but also highlights the strength of our collaborative approach and deep expertise in advising on high-value, complex structured finance transactions. Building on the success of the Frontier 2025-1 transaction, this trade is a testament to the market's continued confidence in Santander UK assets. We are proud to have played a central role in its completion," said partner Salim Nathoo.
The A&O Shearman team was led by partner Salim Nathoo alongside senior associate Graeme MacDonald. The deal team at Santander UK was led by Valentina di Vito, legal advisory and structuring, Jamie Adams, senior manager and Jasmine Panesar, funding manager.
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URL: Santander UK
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Original text here: https://www.aoshearman.com/en/news/ao-shearman-advises-santander-uk-on-gbp1-4-billion-uk-rmbs-portfolio-transaction
[Category: BizLaw/Legal]
