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News and GGI World
Information
for Members Conference
and Friends
of GGI in Buenos
Issue No. 97 | Sept. 2018
© 2018 - GGI Global Alliance
Aires
GGI INSIDER | No. 97 | September 2018
2 CONTACT | EDITORIAL | CONTENT
Editorial
Dear Reader,
Welcome to the autumn issue of also the strong, ongoing contact between close, so elections have been taking
the Insider; we hope you have all had GGI member firms. This is what makes place. Read the results in this issue
a wonderful summer. Within you will GGI so distinctive and successful. Stay and get an overview of the new (or
find another issue with worthwhile informed with this issue on GGI member re-elected) leadership teams, who will
articles from all across the globe. firms’ news and success stories. start their terms in October, directly
GGI member firms have already been You may also look forward to after the GGI World Conference.
active, with more than 30 delegates reading a variety of topic-related Seven Practice Groups have published
joining the GGI Nordic-Baltic Meeting in articles: Annarien Adams looks at Practice Group newsletters – the online
Copenhagen and Malmö. Spending the whether social media affects the going versions are already available on GGI’s
weekend in two different countries made concern of your business and Anna website (member section); some printed
this event very special. Read all about it Reyes reports on the importance of copies will be presented in Buenos
in this issue. We also report on the GGI Search Engine Optimisation (SEO) Aires during the World Conference.
Best Practices & Developing Leaders for accounting firms. Nadja Holzer Ufuk Dogruer reports for the
Conference in Québec City (QC), Canada. compares Asset Deal and Share Deal Auditing, Reporting & Compliance
This year GGI’s Latin-American when buying real estate in Austria, (ARC) Practice Group on ‘Occupational
Regional Conference will be held in while Nataša Krejić updates us on Fraud and Abuse’, Jeffery L. Mowery
October, directly prior to the GGI social security contributions in Bosnia takes a focused approach to
World Conference in Buenos Aires. In & Herzegovina. KC Chia shares accountable growth for the Business
November, we have two further events information on the re-introduction of Development & Marketing (BDM)
waiting for you – the GGI Leadership the Sales and Services Tax (SST) in Practice Group, and Laurie B. Kazenoff
Forum & EasyMeet in Venice, Italy, Malaysia. Prof Robert Anthony shares shares, for the International Taxation
and one week later the GGI German- his opinion on Blockchain – respond Practice Group (ITPG), her knowledge
Speaking Chapter in Budapest, Hungary. to him to let him know your views on of why US Taxpayers may have a nasty
Finally, we will close out the year with the this. Meanwhile, Paulien van Grinten surprise in the 2018 Filing season. Also
GGI Asia-Pacific Regional Conference tells us about a new Dutch employment the Labour Law Practice Group has been
in Phuket, Thailand – replacing the law to repair the flaws of the Work active in contributing an article on Non-
Bali venue this year due to the seismic and Security Act, and David S. Greber Competes Rights in Massachusetts,
activity in the region. You can read points out how the European Union’s jointly written by William P.H. Cary,
all about what to expect during these Privacy Regulation might apply to D. Beth Langley and Bryan Starrett.
events in this issue of INSIDER. US businesses. Julian Rivera also We thank all authors for
We shall also keep you abreast of tackles the subject of ‘Personal Data their interesting articles.
the latest GGI news, such as the most Protection rights’, but he focuses on the We wish you an enjoyable read
recent Accountancy rankings which implementation of different regulations. and look forward to seeing you
firmly positioned GGI in sixth place GGI Practice Groups continue to be again at future GGI events.
worldwide. However, it is not only the active. The terms of the current Global
figures that validate GGI’s success, but Leadership Teams were drawing to a Your GGI Team
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T: +41 44 256 18 18 assumed to be correct; however, to guarantee, the content. This
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W: www.ggi.com a decision, it must be double use only and intended solely and
W: www.ggiforum.com checked. Ratings and assessments exclusively for GGI members.
Contents
3
Contents Diary
EDITORIAL, CONTACT, DISCLAIMER������������������������������������������������������������������������ 02
CONTENTS�������������������������������������������������������������������������������������������������������� 03 ➜ 17-18 October 2018
DIARY����������������������������������������������������������������������������������������������������������������� 03 GGI Latin American
Regional Conference
UPCOMING GGI EVENTS Buenos Aires, Argentina
➜ GGI Latin American Regional and World Conferences,
Buenos Aires, Argentina | 17-21 October 2018���������������������������������������������� 04 ➜ 18-21 October 2018
➜ GGI Leadership Forum & EasyMeet, GGI World Conference
Venice, Italy | 02-04 November 2018������������������������������������������������������������ 06
➜ GGI German Speaking Chapter, Buenos Aires, Argentina
Budapest, Hungary | 09–11 November 2018������������������������������������������������ 08
➜ GGI Asia-Pacific Regional Conference, ➜ 02-04 November 2018
Phuket, Thailand | 29 November-2 December 2018������������������������������������09 GGI Leadership Forum
& EasyMeet
REVIEW OF GGI EVENTS
➜ GGI Nordic-Baltic Meeting,
Venice, Italy
Copenhagen, Denmark & Malmö, Sweden | 07-09 September 2018���������� 10
➜ GGI Best Practices & Developing Leaders Conference, ➜ 09-11 November 2018
Québec, Canada | 20-22 September 2018������������������������������������������������������ 11 GGI German Speaking Chapter
Budapest, Hungary
GGI NEW MEMBER FIRMS��������������������������������������������������������������������������������14
GGI INTERNAL NEWS ➜ 29 November
➜ GGI maintains No. 1 ranking worldwide ������������������������������������������������������17 – 02 December 2018
➜ McCabe Curwood – stronger together�����������������������������������������������������������18 GGI Asia-Pacific
➜ Moritt Hock & Hamroff LLP welcomes Regional Conference
Construction Partner: Robert J. Fryman, Esq.������������������������������������������������18
➜ Multifamily and Commercial Real Estate Finance Team Expands����������������19
Phuket, Thailand
➜ Haynsworth Sinkler Boyd Attorney Named to IFLR1000 United States Guide��20
➜ IP has become one of Israel’s main exports��������������������������������������������������21 ➜ 01-03 February 2019
➜ XLS Partners advises DRIV-LOK in its sale to The Mendota Group����������� 22 GGI PG Chairpersons meeting
Zurich, Switzerland
COMMON INTEREST
➜ Can social media affect the going concern of your business?��������������������� 24
➜ Why Your Accounting Firm Needs SEO��������������������������������������������������������25 ➜ 14-17 February 2019
➜ Asset Deal vs Share Deal when buying real estate in Austria ��������������������� 27 GGI ITPG Global Tax Summit
➜ Social security contributions paid Tel Aviv, Israel
by the employer and the employee in Bosnia & Herzegovina �������������������� 29
➜ The Reintroduction of Sales and Service Tax ���������������������������������������������� 30 ➜ 09-12 May 2019
➜ Blockchain – New packaging for old processes��������������������������������������������32
➜ New Dutch employment law to repair the flaws of the Work and Security Act��� 33
GGI European
➜ Reaching Across the Pond: How the Regional Conference
European Union’s Privacy Regulation Might Apply to Your Business��������� 34 Prague, Czech Republic
➜ The implementation of regulations about Personal Data Protection right����36
➜ 20-23 June 2019
GGI PRACTICE GROUP PAGES
GGI Pan-American
➜ Newly elected Global Leadership Teams�������������������������������������������������������37
AUDITING, REPORTING & COMPLIANCE Regional Conference
➜ Occupational Fraud and Abuse�����������������������������������������������������������������38 Houston (TX), USA
BUSINESS DEVELOPMENT & MARKETING
➜ Taking a Focused Approach to Accountable Growth�������������������������������40 ➜ 05-07 July 2019 (TBC)
INTERNATIONAL TAXATION (ITPG) GGI French-Speaking Chapter
➜ US Taxpayers May Have a Nasty Surprise in the 2018 Filing Season������41 Paris, France
LABOUR LAW
➜ You Have Employees Who Live or Work in Massachusetts, Please refer to our website for
You Need to Relearn Non-Competes Right Now������������������������������������ 42 actualised information and
➜ Seven Practice Group Newsletters fresh from the press������������������������������45 additional events:
www.ggi.com > Events.
BOOK REVIEW����������������������������������������������������������������������������������������������������50
GGI INSIDER | No. 97 | September 2018
4 UPCOMING GGI EVENTS
Buenos Aires, Argentina | 17-21 October 2018
GGI Latin American Regional
and World Conferences
GGI member host firms Traversoni the conference. A keynote speech Practice Group (ITPG) meeting.
& Bengolea Abogados and Mantelli, will follow to provide our delegates Alan Rajah, new Global Vice Chair
Esnaola S.R.L. look forward to with much to think about. In a panel ITPG, will chair the meeting.
welcoming GGI member firms to their session, delegates will afterwards Several presenters from different
country. In the previous INSIDER explore increasing business countries will keep their colleagues
issue (No. 96, July 2018), we have opportunities between GGI members, updated on the latest developments
already highlighted our keynote discuss how communication could related to international taxation.
speakers for the World Conference. be improved and streamlined and On Friday, further Practice Group
In this article you can read further how interaction between the different meetings follow in two rounds.
details on the Latin American Regional GGI regions could be increased. The Auditing, Reporting &
Conference and stay informed on Don’t miss this session and get Compliance (ARC) Practice Group
Practice Group meeting contents tips for your everyday business. (PG) will hold a joint meeting with
during the World Conference. The Latin American Regional the Global Mobility Solutions (GMS)
The Latin American Regional Conference will be officially closed PG, led by Seres Baum, to discuss
Conference will kick off with a at lunch time. This portion of the how new technologies have brought
reception on Wednesday evening, Conference will be run in Spanish, changes to the every-day life of
17 October, in the Palacio Duhau whereas the rest of the GGI World Accounting and Audit firms and how
Park Hyatt hotel. We are delighted Conference will be run in English only. they may assist clients in Global
to welcome on Friday morning H.E. On Thursday afternoon, the Mobility of Human Resources.
Hanspeter Mock, Ambassador of World Conference officially begins In the Business Development &
Switzerland to Argentina, to open with the International Taxation Marketing (BDM) Practice Group
meeting, chaired by Alan Rajah,
the opportunities of Artificial
Intelligence (AI) will be discussed.
How will AI impact their profession?
Participants will discuss their
experiences, benefits, fears and
concerns during a panel discussion.
Ady Nordman, Global Chair of
the CCIP PG, and his colleague Safi
Riba jointly will chair the Corporate,
Commercial & IP (CCIP) PG meeting
and look behind the scenes of High-
Net-Worth Separation Proceedings.
Riba will take participants on a three-
part journey, beginning with guiding
clients to plunge headfirst into their
own lives to produce relevant, new-
knowledge to help enable them to
correctly map their interests and
rights. Next, Riba will share how to
properly trace assets around the
world by combining legal procedures,
Buenos Aires, La Boca: colourful streets and buildings with shops and restaurants human intelligence and technological
with bright primary colours solutions, which service providers
Contents
5
Waterfront in Puerto Madero with the Puente de la Mujer
should be used and what methods Schwechel (Germany), and Khalifah exchange of ideas among peers,
are effective in each circumstance, Alyaqout (Kuwait), participants are participants will be able to learn Best
jurisdiction and territory. Lastly, Riba going to discuss ideas and measures Practices from each other and find
will examine how best to make use of that should be undertaken to improve better approaches and solutions to
all the new evidence and knowledge the cooperation between GGI managing their respective firms.
accumulated and what to consider members in cross-border cases. Steve McCrindle and Toon
when planning your legal chess- The second round of Practice Hasselman have once again organised
game to achieve the best outcome Group meetings will involve Theodore a very promising and innovative
for your clients taking into account A. Offit, who will discuss Succession Indirect Taxes (IDT) PG meeting, this
commercial and tax aspects. Planning for Firm Management during time with an interactive talk show
Mario Kapp will discuss during the Best Practices for Professional on the ‘Brexit’. Most or all of the
the Debt Collection, Restructuring Services Organisations Practice Group PG meeting participants will have
& Insolvency (DCRI) PG meeting meeting. Panelists will share their clients with business activities in or
cross-border insolvency and experiences in developing succession with EU Member States, or the UK,
restructuring topics. plans based on their firms’ specific or both. But with no agreed trading
Additionally to three presentations management needs and culture. or Customs arrangements in place
from Byron Moldo (USA) Bernhard Through dialogue and a healthy what are their clients to do and what
advice can participants give them?
During the talk show participants
will explore and discuss the
current thinking on VAT and where
appropriate, other Indirect Taxes,
post-Brexit, so that they are informed
and have some knowledge and ideas
of value to take away. Any areas that
have difficulties and/or are unclear will
be noted for post-event investigation,
something Practice Group members
can work on together and exchange
ideas about after the meeting. The talk
show will be followed by a news show
to keep participants updated with
latest developments in the VAT sector.
Practice Groups offer intense work in small groups ...next page
GGI INSIDER | No. 97 | September 2018
6 UPCOMING GGI EVENTS During the Litigation & Dispute participants will spend time sharing closely together in small groups and Resolution (LDR) PG meeting, chaired information from around the get to know fellow GGI members by Dr Gustavo Traversoni, Bill Kelleher world on Real Estate markets and from a different perspective – (USA) will talk on ‘The unique trends. It is also always important while of course gaining new history and purpose of common to consider the effect of changes in and inspiring information. law courts of equity’, Francisco de legislation on Real estate markets Do not miss to visit the colourful la Torre Cuellar (Mexico) will inform and transactions and participants will metropole Buenos Aires and on ‘Shareholder dispute in Mexico’. review some key changes. Attendees explore the Argentinian hospitality Michiel Teekens (The Netherlands) will learn from each others’ first with your GGI counterparts from will keep participants updated on hand experience and knowledge of all over the world. Make use of ‘Enforcements of foreign judgments’, clients‘ transactions in commercial this excellent opportunity to meet and Dr Gustavo Traversoni and residential Real Estate so that with like-minded professionals to (Argentina) will report on ‘Argentina’s everyone will be better informed network, forge new friendships, judiciary system and arbitration rules’. when they are advising clients back exchange views, knowledge and ‘How to optimise enterprise value: in their home countries. The Practice ideas. You certainly also will be Do’s & Don’ts in normalisations’ is Group meeting is also intended to able to catch up with old friends. the topic of the M&A Practice Group be practical with the aim of members As usual, a colourful mixture meeting, led by Tim van der Meer. collaborating on transactions. In of optional and social events During this session attendees will order to promote this there will also will round off the conference. discuss widely used and less known be time as usual to share Real Estate GGI members yet to register for normalisations applied by M&A investment opportunities which both conferences may still do dealmakers. Tips and tricks that will may be of interest to other Practice so, although space is now quite change the way participants look Group members and their clients. limited. Please use the online at earning capacity and value of a On Saturday morning some registration link at www.ggi.com company for the rest of their life. promising workshops have been (Member Login > Events). The At the Real Estate Practice Group scheduled – another splendid detailed conference programmes Meeting, organised by Paul Simmons, opportunity to work intensively are also available on the website. Venice, Italy | 02-04 November 2018 GGI Leadership Forum & EasyMeet For the first time in Europe we with plenty of networking and also psychologist and completed an will offer this conference format, learning with/from each other with MBA before joining a boutique combining a meeting for junior regards to business development. strategy firm specialising in aligning professionals and associates of Keynote speaker William Johnson strategy, structure and behaviours. GGI member firms (EasyMeet) and has been advising professional In 1990 William began training a Best Practices styled meeting services firms on aligning behaviours consultants in IBM in basic (Leadership Forum) for experienced with strategy for over 25 years. His consultancy skills and behaviours senior managers. GGI member firm interest in learning theories and and his clients now include some Dalla Libera, based in Padova, will applications began when he was of the world’s leading consulting kindly host this new conference. commissioned in the Fleet Air Arm and professional services firms Following the format of the of the Royal Navy, where after front and also global organisations North American Best Practices & line service he became involved in (including telecoms, FMCG, Developing Leaders Conference, aircrew training. On leaving the Royal technology and pharmaceutical this event promises to be a weekend Navy he trained as an organisational companies) looking to adopt the Contents
7
best practices and behaviours from
the world of professional services.
William is a Chartered Occupational
Psychologist and an Associate Fellow of
the British Psychological Society, with
an MA in Psychology from The Queen’s
College Oxford, an MBA from Warwick
Business School, and he is a graduate
of Harvard’s ‘Leading Professional
Service Firms’ programme.
During this GGI event, William will
work with both groups of participants
to enable the leaders (current and
future) of GGI’s member firms to define
the core behaviours that differentiate
their own firms and to develop and
refine these behaviours, so they can
model them in every interaction with
the client. Participants will learn and
practise the behaviours that will enable
them to communicate more effectively,
form relevant, challenging points Venice, Italy
of view, offer insight, create impact,
generate status and above all, illustrate we also have an incredible sightseeing
significant value in every single contact programme to explore this charming
with the firm’s prospective and current city. But best of all, you will get to stay
clients. In short, participants will define at one of the nicest hotels in Venice –
how to ‘live the firm’s brand’ in every the San Clemente Palace Kempinski.
interaction with prospective clients. Located on a private island only seven
The session will also provide minutes away from Piazza San Marco,
an introduction to storytelling and you will find that this is the hotel
outline the key role that it can play to that will make you fall in love with
uniquely position each GGI member Venice all over again if the tourists
firm in the mind of their clients. In on the main island have become a
the professional services sector, in little too intense in recent years.
which every firm can look very similar, If you have time to extend your
and in which technical competence is stay in this fairy-tale city, you might
now a prerequisite not a differentiator, have the pleasures of la bella vita (the
being able to tell your firm’s story beautiful life) that locals know very
effectively is more critical than ever. well: the wake-up call of gondoliers
A professional services firm’s ‘brand’ William Johnson calling ‘Ooooeeeee!’, a morning
is a shortcut for people to know what spritz in a sunny campi (square),
to expect from that firm. It is ‘the for the Stars – Developing as Future lunch in a crowded bacaro (bar) and
stories that people tell each other Leaders within GGI’, led by Sander fuchsia-pink sunsets that have sent
about the firm’ or ‘the way people think van der Does and Rikesh Patel, and centuries of artists mad. Venice’s
about the promise the firm makes’ or ‘Personal Development within a amazing collection of world-famous
‘the things they say about your firm Smaller Professional Services Firm’, museums and the 118 islands offer
when you’re not there’. For this reason, a roundtable session to see how plenty for your eyes to feast on.
‘storytelling’ must play a significant what paths are available for career GGI members who have not yet
role in the business development development within GGI member done so are invited to register online,
strategy of professional services firms. firms, led by Michael Reiss von using the registration link provided
There will be many opportunities Filski) in order to explore future within the internal area of our website
during this event for participants to career options not only within their www.ggi.com (Member Login >
network and learn from each other, respective firms, but also within GGI Events > Upcoming Events).
with sessions also offered for our the broader GGI umbrella. The draft conference programme
more junior members (e.g. ‘Reach Adjacent to the main programme, is also available on the website.
GGI INSIDER | No. 97 | September 2018
8 UPCOMING GGI EVENTS
Budapest, Hungary | 09–11 November 2018
GGI German Speaking Chapter
This year the GGI German-
Speaking Chapter will be held in
November in Budapest, kindly
hosted by GGI member firm Kovács
Réti Szegheõ Attorneys-at-Law. This
event is run fully in German.
Two fascinating keynote
speakers have confirmed their
attendance at our event:
Our first speaker, Dr Markus Krall,
has over 25 years of experience in
the financial industry, having held
consultant and senior management
roles with a focus on banking,
insurance and regulatory issues.
He advises banks, governments
and supranational organisations. Dr Barbara Kolm Dr Markus Krall
In 2017, he published the famous
bestseller ‘Der Draghi-Crash’, about market and liberal ideas, she accepted a long time, is the mission of the
monetary policy in Europe. He an invitation to join the F. A. v. Hayek Institute. She concentrated her
frequently writes and speaks about Institute in fall 2000. She expanded work on three fields of interest.
the consequences of our monetary, the activities of the Institute and
economic and social policies. restructured them by laying emphasis First: classic think-tank-work
Our second speaker, Dr Barbara on fundraising, reorganising and and publishing, e.g. the Institute
Kolm, is currently the President of the by making more people acquainted publishes ‘The National Library
Friedrich August v. Hayek Institute, as with the Institute. The revival of the of Austrian Economics’.
well as Founder and Director of the Austrian School of Economics in its Second: teaching and students´
Austrian Economics Center (AEC). native country, where it had meanwhile activities. The Institute takes
Having always been interested in free been forgotten and neglected for pride in the world´s first
endowed Hayek chair, held by
Prof Watrin, followed by Prof
Vanberg and Prof Vaughn et al.
Third: events, such as workshops,
international conferences, and
discussion sessions with the
goal of enlightening the public
and promoting the ideas of
free market economics.
Dr Kolm is a frequent speaker on
public policy related issues, especially
on deregulation and competition
topics, and Austrian Economics
at universities and international
conferences. She is a member of
the Board of Business Consultants
of the Austrian Federal Economic
Chamber, responsible for new market
Budapest, Hungary approaches and questions of training
Contents
9
and a Member of the Mont Pélerin however, during the capital’s ‘golden been a Budapest experience since
Society. She is President of the age' in the late 19th century, most of the time of the Romans. The choice
European Center of Economic Growth. what you see today was built. There's of bathhouses is generous – you
The speeches at this event will no a lot more to Hungarian food than can choose among Turkish-era, art
doubt stimulate intense discussions, goulash, and it remains one of the nouveau and modern establishments.
and act as a sound base for networking most sophisticated styles of cooking in This event will no doubt
with our German-speaking members. Europe. Also do not miss the chance be one to remember.
Join this event and exchange business to try Hungary's excellent wines – from GGI members who have not yet
opportunities with your GGI fellows. Eger's complex reds and Somló’s done so are invited to register online,
A well-planned sightseeing flinty whites to honey-sweet Tokaj. using the registration link provided
programme to discover the beauties If you have some extra time, you within the internal area of our website
of Budapest is certainly not missing. might also want to visit one of the www.ggi.com (Member Login >
Architecturally, the city is a treasure fabulous hot springs - the city is GGI Events > Upcoming Events).
trove, with many baroque, neoclassical, blessed with an abundance of them. The draft conference programme
Eclectic and art nouveau buildings, As a result, ‘taking the waters’ has is also available on the website.
Phuket, Thailand | 29 November–02 December 2018
GGI Asia-Pacific
Regional Conference
Once again, our plans to hold the
GGI Asia-Pacific Regional Conference
in Bali have been foiled. With the
recent seismic activity in the region,
GGI has taken the decision to
postpone the event in Bali to 2019
and to pull forward the event planned
in Phuket, Thailand, to this year.
The JW Marriott Phuket Resort
& Spa will provide the backdrop to
our relocated Asia-Pacific Regional
Conference. It’s a beautiful beachfront
location on Mai Khao Beach, with
lush gardens and fabulous pools.
The event will be hosted by our
GGI member firms in Thailand:
Dherakupt International Law Office, Phuket, Thailand
MBMG Group and Strategy613.
There are a good few Practice the micro-website for the event). Online registration is available,
Groups already scheduled to take All attendees are also invited to using the registration link to the
place, and regional members are provide Workshop suggestions to micro-website provided within the
more than welcome to contact the Linda Soriton, Head of Conferences internal area of the GGI website
Practice Group Chairpersons in & Events at GGI, that may be of www.ggi.com (Member Login >
order to become more involved in general interest to everyone. GGI Events > Upcoming Events).
the actual programme (Practice We hope that you will be able The draft conference programme
Group Chairpersons are listed on to join us at this year’s event. is also available on the website.
GGI INSIDER | No. 97 | September 2018
10 GGI EVENTS REVIEW Copenhagen, Denmark & Malmö, Sweden | 07-09 Sept. 2018 GGI Nordic-Baltic Meeting Much has been made recently of the Danish word ‘hygge’. There is no one English word to describe it but it encompasses a feeling of cozy contentment and well-being through enjoying the simple things in life. This national obsession with all things cozy is credited as one of the reasons why Denmark comes in at the top, if not near the top, of the list of world’s happiest countries, despite their infamously miserable winters. Certainly, our Danish host firms, Lou (prounounced ‘low‘ as in ‘blow‘) Advokatfirma and Dansk Revision managed to create a hyggelig atmosphere at our event. Lars Berg Dueholm, Carsten Palsgaard and Anders Mortensen introduced their firms and their country to the 30+ delegates in a most delightful way, which somehow also managed to Participants of the GGI Nordic-Baltic Meeting posing in Malmö in front of the Øre- include a video of a Danish politician’s sund Bridge rebuff to an American news anchor’s misconceptions about Denmark. Affairs, European department, year was able to give us an update Due to a last-minute cancellation of currently works in the Nordic-Baltic on his thoughts in the form of a a Keynote Speaker, we were especially section of the European Department, presentation on ‘Brexit – two years fortunate to have been able to have with responsibility for foreign policy on. Deal or no deal?’ Essentially, it can a Norwegian save the day. Jan Ole cooperation between the Nordic and go either way and it’s still anyone’s Gudmundsen, a senior adviser in Baltic states. He spoke at this same guess as to what will finally happen. the Norwegian Ministry of Foreign event two years ago in Oslo, and this Following lunch, the group The Øresund Bridge is the longest combined road and rail bridge in Europe and connects two major metropolitan areas: Copen- hagen, the Danish capital, and the Swedish city of Malmö Contents
11
were taken on a boat tour by the
Copenhagen Port Authority, who have
reclaimed a lot of land in the inner
harbour and transformed these into
beautiful, modern residential and
commercial areas. The amount of
building work going on in the city
was quite astounding, with many
of the new apartments offering
stunning views of the waterways.
In the evening, although it was
dinner, we were offered a proper,
traditional Christmas Day lunch
at esplanaden 48. No words can
describe how much food was on
offer and how delicious everything
was. Served in an informal buffet
manner, delegates were able to
mingle continuously while trying Boat tour by the Copenhagen Port Authority
to fill their plates inconspicuously
for the second or even third time. of the city to his office, where he not a castle and some fishmonger
The next morning, Saturday, the only explained the specialist services shops, through an area of urban
group started off at a rather decent provided by his firm but also the regeneration and finally ending
hour to Malmö. Crossing the Øresund Swedish concept of ‘fika’. Swedish at the ‘Twisting Torso’ building.
Bridge, the bus took the group to people – often described as distant, After a few gin and tonics, dinner
another unforgettable lunch experience calm and unsocial – seem to really was served in the Kitchen & Table
at Restaurant Sture, a Michelin-guide love this coffee break that is more Restaurant by Marcus Samuelsson.
restaurant that opened for lunch about socialising than about coffee. The restaurant and sky bar offered
especially for GGI. The food? Just wow! Sadly, there wasn’t much time beautiful views of the setting sun;
After lunch, local host Per-Ola for ‘fika’ as the group were taken on bringing a touch of melancholy as it
Bergqvist from Foyen Law Firm an almost-running tour of Malmö, dawned on everyone that it was the
guided the group through the streets through the old city centre, past end of a most wonderful weekend.
Québec, Canada | 20-22 September 2018
GGI Best Practices
& Developing Leaders
Conference
Whether by train, plane or 2018. Who knew Québec would prove and disembark a couple of planes
automobiles, over 60 participants to be a rather difficult destination before finally getting on one without
came together in Québec for the GGI to get to?! But nothing would stop worrisome warning lights for the
Best Practices & Developing Leaders these determined participants, pilots. Their efforts to get to Québec
Conference on 20-22 September including some who had to embark ...next Page
GGI INSIDER | No. 97 | September 201812 GGI EVENTS REVIEW
Regular speaker Jonathan Fitzgarrald provided food for thought with his speech on 'Powerful Persuasion'
were nothing short of heroic. Phoenix & Von Gontard P.C., St Louis,
On the first afternoon, participants MO, USA) discussed getting ‘The
who arrived early were able to choose Biggest Bang for Your Buck’, before we
between the Auditing, Reporting & heard from Jonathan once again about
Compliance Practice Group led by how ‘People are Watching’ and what
Jeffrey A. Ford (Grossman Yanak & you can do to stand out considering
Ford LLP, Pittsburgh, PA, USA) or a impressions are often formed in less
Foodie Tour of the city. Randy Crabtree, than one quarter of one second.
from sponsor firm Tri-merit LLP, Following a brief lunch, the
also ran a short session to provide group of participants split into
‘Updates on Specialty Tax Services’. two separate separate groups.
In the evening, the full complement The Developing Leaders group
of participants gathered together for heard from Rebeca Watson (Welborn
a Welcome Reception & Dinner in Sullivan Meck & Tooley, P.C., Denver,
the Frontenac Room of the hotel, the CO, USA) about how to become a
Hotel Fairmont Chateau Frontenac professional fixture in the community,
(also known as the most-photographed before heading off to a sugar shack
hotel in the world). GGI Founder and for a few lumberjack games. Sadly,
Vincent Girard, host firm Stein Monast Chairman, Claudio G. Cocca, provided the weather turned out greyer and
LLP, kindly welcomed all participants a warm GGI welcome as the guests wetter than planned. However, there
enjoyed views of the city was still much fun to be had axe-
and the St Lawrence River. throwing, bear-catching, chain-sawing,
On Friday morning, spoon-playing, maple taffy-eating,
Vincent Girard, from and beer-tasting. The women (ok,
host firm Stein Monast so maybe just Mags Leddy from
LLP, kindly welcomed GGI’s Boston office) also managed
everyone to his hometown to show the men up when it came to
before GGI friend and sawing wood in the quickest time.
regular speaker, Jonathan While the Developing Leaders were
Fitzgarrald, spoke about off on their afternoon adventure,
‘Powerful Persuasion’, the Best Practices group listened
providing insights into to Ed Winslow (Brooks, Pierce,
the different kinds of McLendon, Humphrey & Leonard,
decision-makers and how LLP, Greensboro, NC, USA), Harvey
Claudio G. Cocca provided a warm GGI welcome dur- to approach each type. Sorensen (Foulston Siefkin LLP,
ing the Welcome Dinner Tony Soukenik (Sandberg Wichita, KS, USA) and Brian Smith
Contents13
Rebecca Watson engaging with Developing Leaders
(Freeborn & Peters LLP, Chicago, Managing Partner at Stein Monast creating a focused, engaged and
IL, USA) discuss ‘The Aging of LLP, welcomed all of the guests to capably-led workforce is one of the
Professionals and What can be this private club and provided a brief best things a firm can do for its bottom
Done to Stop It‘. This Workshop was history of how it came into existence, line. In the final session, Timothy
originally presented in Vienna at the in the 19th century, following the Lynch (Offit Kurman Attorneys at Law,
GGI World Conference 2017 but it was custom of the British elite to frequent Washington, DC, USA), Nick Nicholson
interesting enough then to run once private clubs. This Club offered a high (Haynsworth Sinkler Boyd, P.A.,
again here in Québec. Guest speaker standard of excellence and in the past Greenville, SC, USA) and Reid Phillips
Danielle Robitaille then talked about was frequented by the likes of Winston (Brooks, Pierce, McLendon, Humphrey
how artificial intelligence will affect Churchill, Charles Lindberg, Marshall & Leonard, LLP, Greensboro, NC, USA)
bankers, lawyers and accountants. Ferdinand Foch and the Prince of discussed the evolution of their firms.
The afternoon session ended with Wales (the future King George V). This was a wonderful Conference
a Benchmarking Review led by Ted Saturday morning kicked off with in an intimate setting. These smaller
Offit (Offit Kurman Attorneys at Law, Bill Purk (Purk & Associates, P.C., St events allow participants to meet
Washington, DC, USA) and Michael Louis, MO, USA) and Rebecca Watson each other not just once, but two,
Malloy (JTaylor, Fort Worth, TX, USA). discussing the many things their firms three or even more times. We look
In the evening, the group were do to retain their staff before guest forward to planning another fantastic
fortunate to be able to dine in the speaker Richard Hadden, in his talk event next year in Wichita, KS, as
Cercle de la Garnison de Québec (the ‘Contented Cows Give Better Milk’, we celebrate together with Foulston
Garrison Club of Québec). Jean Brunet, showed – with many examples – how Siefkin their 100th anniversary.
Lumberjack games at a Sugar Shack
GGI INSIDER | No. 97 | September 201814 NEW MEMBER FIRMS
Australia Croatia Hungary
Kelly+Partners Corporate Advisory INFOKORP BPiON Services Ltd.
Level 53, MLC Centre, Savska 106 Révész utca 27-29
19 Martin Place 10000 Zagreb 1138 Budapest
NSW 2000 Sydney Croatia Hungary
Australia
T: +612 9233 8866 T: +385 1 2221 200 T: +36 70 679 02 79
E: brendan.lyons F: +385 1 6112 574 E: bela.kakuk@bpion.com
@kpcorporateadvisory.com.au E: biljana.svaljek@infokorp.hr W: www.bpion.com
W: www.kpcorporateadvisory.com.au W: www.infokorp.hr
Company language: Company languages: Company languages:
English Croatian,English English, Hungarian
Contact person: Contact person: Contact person:
Brendan Lyons Biljana Svaljek Béla Kakuk
Services: Services: Services:
M&A Advisory, Corporate Finance Advisory, Auditing & Accounting, Advisory, Auditing & Accounting,
Tax Tax
Brendan Lyons Biljana Svaljek Béla Kakuk
WE WISH TO EXTEND A VERY WARM WELCOME TO OUR NEW DISTINGUISHED MEMBERS.
Contents15
Kuwait Slovakia Uruguay
Al-Yaqout Legal Group MAREK PARTNERS s.r.o. AMP & Associates
Mishal Tower - 8 & 9 Floors Sharq, Mudroňova 51 World Trade Center, Montevideo
Jaber Al-Mubarak Street 811 03 Bratislava Luis Alberto de Herrera 1248
Kuwait City Slovakia Torre III – Piso 16 – Oficina 1676
Kuwait 11300 Montevideo
Uruguay
T: +965 22250210 T: +421 2 5441 8894 T: +598 2 628 41 20
F: +965 22250212 F: +421 2 5441 8889 E: tatiana.rado@ampfas.com
E: khalifah@alyaqoutlg.com E: lubomir.marek@marek.sk W: www.ampfas.com/index.php/en/
W: www.alyaqoutlg.com/home.html W: www.marek.sk
Company languages: Company languages: Company languages:
Arabic, English English, Slovak English, Spanish
Contact person: Contact person: Contact person:
Khalifah Al-Yaqout Dr Lubomir Marek Tatiana Rado
Services: Services: Services:
Advisory, Law Firm Services Law Firm Services M&A Advisory, Corporate Finance
Khalifah Al-Yaqout Dr Lubomir Marek Tatiana Rado
WE WISH TO EXTEND A VERY WARM WELCOME TO OUR NEW DISTINGUISHED MEMBERS.
GGI INSIDER | No. 97 | September 201816 NEW MEMBER FIRMS
United States United States
Hollinden | marketers+ strategists Purk & Associates, P.C.
2426 Bartlett Street, Suite B 1034 S. Brentwood Blvd.,
Houston, TX Suite 2000
USA Saint Louis, MO 63117
USA
T: +1 713 520 5532 T: +1 314 884 4000
F: +1 713 5205605 F: +1 314 884 4001
E: christine@hollinden.com E: jpurk@purkpc.com
W: www.hollinden.com W: www.purkpc.com
Company language: Company language:
English English
Contact person: Contact person:
Christine Hollinden Jennah Purk
Services: Services:
Advisory Advisory, Auditing & Accounting,
Corporate Finance
Searching for
GGI member
firms all over
the world?
Visit ggi.com!
Christine Hollinden Jennah Purk
WE WISH TO EXTEND A VERY WARM WELCOME TO OUR NEW DISTINGUISHED MEMBERS.
Contents17
Top International Networks and Associations 2017
Source: Accountancy Age
GGI maintains No. 1
ranking worldwide
According to the latest 2018 associations carried out by largest multidisciplinary organisation
Survey of Networks, Alliances and Accountancy, based in London, worldwide. As a true Swiss institution,
Associations by Accountancy Age, firmly positions GGI Geneva we will continue growing and
GGI is number one in the list of Group International (www.ggi. setting standards that underline
Associations and Alliances worldwide. com) sixth place in the world. high quality and professionalism.’
Accountancy Age, a trade magazine As the biggest global Published for over 120 years,
for accountants and financial staff multidisciplinary alliance, Zurich- Accountancy magazine (https://www.
in the UK, is a respected source for based GGI’s cumulated fee income accountancydaily.co) is essential
news and analysis. Launched in 1969 has reached USD 5.374 billion. GGI reading for the profession and is the
with a circulation of over 60,000 in currently has over 815 offices in only independent print magazine
print over the years, it became an more than 120 countries and a total covering the accounting profession,
online-only publication from May professional staff of 28,007 that with no affiliations with professional
2011 delivering up-to-the-minute takes care of the accounting, legal, institutes or regulatory bodies. Every
news to the finance community, taxation and consulting matters of year the magazine publishes an
having 256,000 subscribers. its growing international clientele. annual survey of the top international
The latest annual survey of Michael Reiss von Filski, Global CEO networks and associations. You can
international networks and of GGI, said ‘We are proud to be the read the full articles on www.ggi.com.
GGI INSIDER | No. 97 | September 201818 GGI INTERNAL NEWS
McCabe Curwood
– stronger together
McCabes have made a bold 300 people. The new firm has
move and merged with another expertise across both commercial
Australian-based law firm Curwoods and insurance business lines.
Lawyers to create a new entity Managing Principal Andrew Lacey
called McCabe Curwood. said that the merger provides them
McCabe Curwood boast a with added strength in the Australian
strong cohort of 24 Principals and legal market place, in which they
an overall firm size of just under intend to grow a national footprint.
Mr Lacey further noted: ‘The
commercial side of the firm is strong,
and we have a platform for growth
that will allow us to continue to focus
on and partner with our clients.
When you combine the two
practices, we have an insurance group
GGI member firm and a government group that has
McCabe Curwood the depth and strength to provide Andrew Lacey
Law Firm Services clients with a full range of legal
Sydney, Australia services and the advantage of scale.’ in the next twelve months.
T: +61 4 18448 570 McCabe Curwood are in advanced Mr Lacey remarked, ‘our focus is
W: www.mccabecurwood.com.au stages of discussions for expansion on the client and how we can best
Andrew Lacey into Brisbane, Queensland and service their needs. By merging we
E: andrew.lacey also into Melbourne, Victoria have been able to give our employees a
@mccabecurwood.com.au and Perth, Western Australia challenging but rewarding environment
with an announcement expected that is geared for growth.’
Moritt Hock & Hamroff LLP
welcomes Construction
Partner: Robert J. Fryman, Esq.
GGI law firm of Moritt Hock & the firm's Garden City office. strong construction practice’, stated
Hamroff has announced that Robert ‘Robert's outstanding reputation Marc Hamroff, managing partner
J. Fryman has joined the firm as a and 20 plus years of experience as a at Moritt Hock & Hamroff. ‘We are
partner in its Construction practice leader in the construction law sector delighted to welcome Robert to the
group. Mr Fryman will reside in will further enhance our already firm as we continue to grow the scope
Contents19
of our practice on Long Island, in claims and disputes, performance
New York City and nationwide.’ and payment bond disputes,
Mr Fryman concentrates his completion/takeover agreements
practice on construction and surety and indemnity/salvage actions. Mr
law representing owners, developers, Fryman's transactional experience
general contractors, specialty trade includes commercial and residential
subcontractors, design professionals development contract preparation,
and sureties in all aspects from review, negotiation and counseling
contract negotiations and development of clients in contract performance
through construction administration, and administration matters, aided
claims, disputes and litigation. He by the unique perspective of having
has successfully litigated matters successfully litigated and resolved
in state and federal courts, at trials claims and disputes arising in
and on appeals, in public and private these types of matters. His broad
improvement construction projects, experience and depth of knowledge
of the construction, development and Robert J. Fryman
surety industries enable him to guide
GGI member firm his clients through the negotiation School of Law. Prior to joining the firm,
Moritt Hock & Hamroff LLP and resolution of disputes and he was a partner in the construction
Law Firm Services claims between owners, construction practice at Westermann Sheehy
Garden City (NY), New York (NY), managers, contractors, subcontractors, Keenan Samaan & Aydelott LLP.
USA sureties, obligees and indemnitors Moritt Hock & Hamroff LLP,
T: +1 516 873 2000 and in successfully representing with offices on Long Island
W: www.moritthock.com clients before administrative tribunals and in Manhattan, provides
Robert J. Fryman and in alternative dispute resolution a wide range of legal services
E: rfryman@moritthock.com proceedings. Mr Fryman earned his to businesses, corporations
Juris Doctorate from Hofstra University and individuals worldwide.
Arrivals of Shannon E. Cook and William J. Straus
Multifamily and
Commercial Real Estate
Finance Team Expands
GGI member firm Moss & Barnett, A projects to secondary market investors year law students at Mitchell Hamline
Professional Association is pleased to Fannie Mae and Freddie Mac. Prior to College of Law. Shannon received her
announce the expansion of the firm's joining Moss & Barnett, Cook was an J.D. from William Mitchell College of
Multifamily and Commercial Real Estate attorney at a boutique business law firm, Law, where she earned her Law and
Finance team with the arrivals of lawyers focusing on real estate, tax, and related Business Certificate, and her B.S. from
Shannon E. Cook and William J. Straus. litigation matters. She is an active the University of Minnesota-Twin Cities.
The firm now has 20 lawyers serving member of the Minnesota State Bar Straus represents life insurance
real estate finance clients nationwide. Association and the Hennepin County companies, banks, and other financial
Cook represents lenders who originate Bar Association. She is also a Mitchell institutions in connection with the
and sell loans secured by multifamily Mentor, advising and assisting first ...next page
GGI INSIDER | No. 97 | September 201820 GGI INTERNAL NEWS
origination and servicing of mortgage
loans secured by multifamily housing
projects, retail centres, office buildings,
industrial facilities, and other types
of commercial real estate. He also
represents clients on the closing
and sale of loans to agency investors
Fannie Mae and Freddie Mac on the
secondary mortgage market. Prior
to joining Moss & Barnett, Straus
worked in the commercial mortgage
lending department of a Fortune 500
company. He received his J.D., with
distinction, from the University of
Nebraska College of Law and his B.S., Shannon E. Cook William J. Straus
summa cum laude, from St. Cloud State
University. During law school, Bill was a services we can provide to our clients.’ including market rate housing, targeted
Senior Member of the Nebraska Moot affordable housing, senior housing,
About the Multifamily
Court Board, received the Business student housing and manufactured
Transactions Certificate, and won housing – serving as counsel nationally
and Commercial Real
the McGrath North Mullin & Kratz to Freddie Mac Seller/Servicers and
Excellence in Legal Writing Award. Fannie Mae DUS Lenders, where
Estate Finance Team
Tim Gustin, Chairman of the firm, knowledge and experience with the
said, ‘We are excited Shannon and lending programmes of these providers
Bill have joined our Multifamily and is essential for legal representation.
Commercial Real Estate Finance Practice The Multifamily and Commercial
Group. Shannon offers a unique practice Real Estate Finance Team advises
perspective, with both transactional a full range of private and publicly GGI member firm
and litigation experience, in real owned providers of commercial real Moss & Barnett
estate as well as on tax and corporate estate debt, including mortgage banks, Law Firm Services
matters. Bill brings not only legal, but investment advisors, life insurance Minneapolis (MN), USA
business experience from his prior companies, and community, regional T: +1 612 877 5409
work for an institutional commercial and money centre banks, throughout the W: www.lawmoss.com
real estate lender. Together, they add US on commercial real estate lending Tim Gustin
to the diversity of experience of our investments. The team has particular E: tim.gustin@lawmoss.com
attorneys and enhance the level of depth in multifamily housing finance –
Haynsworth Sinkler Boyd
Attorney Named to IFLR1000
United States Guide
GGI member firm Haynsworth International Financial Law Review to the world’s leading financial and
Sinkler Boyd attorney Randy 1000 United States guide. This is corporate law firms, has ranked
Epting has been named to the the first time IFLR1000, the guide law firms and attorneys at a state
Contents21
level since its inception in 1987.
Randy has been rated as
Highly Regarded in M&A in
South Carolina. He has been lead
counsel in transactions ranging GGI member firm
in size from USD 1 million to Haynsworth Sinkler Boyd, P.A.
more than USD 550 million. Advisory, Corporate Finance,
The IFLR1000 United States guide Fiduciary & Estate Planning,
contains rankings from 25 key state Law Firm Services, Tax
jurisdictions. Rankings are primarily Charleston (SC), Bethlehem (SC),
based on transactional evidence and Columbia (SC), Florence (SC),
client and peer feedback. Categories Greenville (SC), Khayelitsha (SC),
include banking, capital markets, M&A Myrtle Beach (SC), USA
and restructuring and insolvency. T: +1 803 540 7808
Haynsworth Sinkler Boyd provides Randolph B. Epting W: www.hsblawfirm.com
business, litigation and financial legal Randolph B. Epting
services to national and international the largest law firms in South Carolina E: repting@hsblawfirm.com
clients. Founded in 1887, it is one of with more than 115 attorneys.
IP has become one
of Israel’s main exports
By Ady Nordman California-based corporation bought
Israeli Orbotech corporation, of which
Digital Medicine, Blockchain, technology can be found in almost
Fintech, Medical Devices, Cannabis, any smartphone or tablet in the world;
Software, Cyber, Storage, Energy, AI, the Australian company Aristocrat
Auto-tech, Food-tech, Chemistry, Life purchased Israeli gaming company
Sciences, Smart Cities – these are only Plarium with the intention to become
some of the industries patents were a global leader in social gaming for
drafted for this past year in Israel. USD 3.4 billion; Mexichem, a Mexico-
based company primarily engaged in
Having received the latest results the production of plumbing fixtures,
from Israel’s leading ranking completed the acquisition of a 80%
companies, Dun’s 100 and Coface stake in Netafim, an Israeli worldwide
BDI, GGI member firm Soroker leader of irrigation equipment
Agmon Nordman, Advocates & Sharone Godesh for USD 1.895 billion; US Giant,
Patent Attorneys, has once again International Flavors & Fragrances
secured their place in Israel’s of-art inventions. Patents have Inc. (IFF), acquired Frutarom, an
top ten IP and Patent firms. become associated with money, Israeli company specialising in the
Over the past two decades, and successfully developing your production and distribution of extracts
intellectual property has become intellectual property portfolio can (and for flavour and fragrance, in a deal
one of Israel’s main exports. It’s does!) lead to unbelievable results in valued at approximately USD 7.1
easy to understand why – as a some cases. Just recently, numerous billion; and the Mobileye acquisition
Tech Nation, with few natural Israeli companies have been involved earlier this year by Intel is valued at
resources, Israel is leading the way in some of the largest purchases in USD 15 billion. Since January 2018,
with highly sophisticated and state- the world: KLA-Tencor, an American 58 Israeli entities were purchased
GGI INSIDER | No. 97 | September 201822 GGI INTERNAL NEWS for approximately USD 6.25 billion. 30% of Israeli companies listed on diverse patent attorneys and agents These deals alone accentuate the the stock exchange and is valued who boast a long list of industries importance of a highly experienced at 80% of all their total assets. and submissions in Israel, Singapore, and capable patent agent, as Soroker Agmon Nordman’s USA & anywhere else that the none of these deals would have focus on Israel’s prime strength client requests, or is recommended gone through without sound and in leading technology has proven to protect their IP through the well-maintained IP portfolios. itself year after year. Celebrating 20 firm’s vast global IP network. Ms Sharone Godesh, Patent years in 2019, and offering services Soroker Agmon Nordman continue Department Head at Soroker beyond IP, primarily in complex civil to lead in creativity having released an Agmon Nordman, is well aware of and commercial litigation, Soroker original introductory video – please her team’s crucial role in the firm’s Agmon Nordman remain certain visit their website: www.ip-law.legal to client’s success: ‘A good patent that superior intellectual property watch and to learn more about their attorney, could mean the difference services, from trademark protection office, and stay tuned for their 20- between protection of your patent to the drafting of an inventor’s idea, year anniversary campaign in 2019! and total loss of its value.’ is the future of our global economy. In June 2018, the USPTO Godesh further adds that her announced their 10th million patent department’s consultant role to GGI member firm application, only three years after inventors is like no other. Their Soroker Agmon Nordman they were at nine million and six ability to turn an inventor’s idea, Advocates & Patent Attorneys years since they had reached eight and often theory, into a commercial Law Firm Services million – so there is no doubt that valuable asset is at the heart of all Herzliya (Tel Aviv), Israel the world’s rate of applying for they do. This can only be successfully T: +972 9 950 70 00 patents is climbing. As such and done through clear and open W: www.ip-law.legal not surprisingly, Israel is rated 5th communication directly between Ady Nordman in the world in patents per capita, the inventor and her team. Godesh E: nordman@ip-law.legal and intellectual property comprises leads a team of highly qualified and XLS Partners advises DRIV-LOK in its sale to The Mendota Group GCG member firm XLS Partners, distributors. Founded in 1936, DRIV- headquartered in Sycamore, Illinois. Inc., an independent investment LOK manufactures over 2,000 SKUs The Mendota Group, based in banking firm providing M&A advisory, comprising spring pins, grooved pins, Madison, Wisconsin, focuses on capital raising and debt advisory dowel pins, barbed pins and more, private investments to support services, is pleased to announce and specializes in manufacturing ownership transition and growth that its client, DRIV-LOK, has been engineered, application-specific opportunities. The Mendota Group acquired by The Mendota Group, in ‘specials’ as well as standard parts acquired DRIV-LOK in partnership with partnership with Capital for Business through stocking distributors. St. Louis-based Capital for Business and Konza Valley Capital, Inc. (KVCI). With more offerings than any other and Kansas City-based KVCI. DRIV-LOK is the preferred brand press-fit fastener manufacturer, ‘XLS’s in-depth understanding of for the broadest range of press-fit DRIV-LOK offers customers our business combined with its well- fastening and joining components flexibility without bias on the best executed process, marketing efforts for the leading OEMs and fastener fastening solution. DRIV-LOK is and fastener industry experience Contents
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