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TRANSATLANTIC NEWS
12
Dec
Governing Council endorses recommendations of High-Level Task Force on Simplification, which include:
reducing the number of elements in the risk-weighted and leverage ratio framework
introducing a materially simpler prudential regime for smaller banks, which expands on the existing EU regime
introducing a European governance mechanism that takes a holistic view of the overall level of capital
finalising the savings and investment union – including completion of the banking union – to foster cross-border integration and allow for more efficient...
12
Dec
The Commission welcomes today's decision by EU Member States to introduce a €3 customs duty per item on e-commerce parcels valued below €150, starting in July 2026. The new duty will help protect the competitiveness of European businesses by levelling the playing field between e-commerce and traditional retail.
Given the rapid increase in e-commerce goods being imported into the EU, the Commission and Member States have together acknowledged the need for an urgent solution, which will bridge the gap until the setting up of the EU Customs Data Hub in 2028, as part of the EU customs reform.
The Council and the Commission are working to enable the implementation of...
11
Dec
The Council’s presidency and the European Parliament’s representatives reached today a provisional political agreement on the revision of the foreign direct investment (FDI) screening regulation. The updated framework aims to strengthen the EU’s ability to identify, assess and address risks posed by certain foreign investments, while preserving the openness to global trade and investment.
The revised regulation builds on the functioning of the current FDI screening framework, which is key to safeguarding public order and security across the EU. The agreement strengthens the...
09
Dec
Remarks by Olivér Várhelyi, Commissioner for Health and Animal Welfare of the European Commission at the conclusion of an Implementation Dialogue on import controls with stakeholders.
Thank you, thank you very much.
And thank you very much for showing interest.
As you know, food safety is central to my mandate as European Commissioner for Health and Animal Welfare.
We have a very extensive and robust body of legislation in this area to safeguard animal health and welfare, but also when it comes to plant...
09
Dec
by Piero Cipollone and Valdis Dombrovskis.
The ECB plans to prepare for the potential issuance of the digital euro by 2029, assuming the European co-legislators adopt the necessary regulation by 2026. Preparatory steps, including pilot exercises and initial transactions, could begin as early as mid-2027.
From barter to coins to banknotes to cards, the payment systems Europeans have relied on have never stopped evolving. Throughout history, innovations have made these systems increasingly sophisticated, efficient and convenient. Today, technology is transforming our...
08
Dec
The EU and Canada reinforced their cooperation and reaffirmed shared interests to boost competitiveness, innovation and economic resilience during the first Digital Partnership Council held today in Montreal, Canada. The Council took place back-to-back with the G7 Industry, Digital and Technology Ministerial meeting, hosted by Canada.
Both the EU and Canada have launched strategies to strengthen their competitiveness and digital sovereignty and reiterated the importance of supporting companies, especially small and medium-sized (SMEs), with smart regulations.
Co-chaired by Executive Vice-President of...
UPCOMING EACC EVENTS
11
Feb
Following up on last year’s debate on new tariffs and other transatlantic challenges instituted by the Trump Administration, this year’s panel will revisit the evolving landscape of U.S. trade policy. With the Supreme Court’s upcoming ruling on IEEPA reshaping presidential authority, questions loom over how far executive power can be extend into trade matters that normally require congressional approval. Also, back in play is the future of the USMCA and agreement negotiated during the first Trump Administration.
PARTNER EVENTS
16
Dec
Hosted by Bennett Jones | The reality is setting in that our trade relationship with the U.S. is altered durably and that many of the tenets of the economic strategy that we pursued since the days of the original Canada-U.S. Free Trade Agreement and the Washington Consensus no longer hold. Shifting geopolitics are forcing a re-assessment of the means to safeguard our national security and sovereignty. AI is emerging as a powerful disruptive force in every corner of the economy, from energy to finance.
MEMBER NEWS
12
Dec
Executive Summary
Foreign investors entering the U.S. market face compressed timelines, intense competition, and exacting diligence. Intellectual property — patents, trademarks, trade secrets, and copyrights — is a core asset of a foreign investor’s business in the U.S. that increases valuation of the U.S. entity. Yet, many foreign investors prioritize setting up a U.S. entity or other structures, selecting the physical location of a U.S. office or manufacturing site, or applying for work visas or handling other immigration matters over...
12
Dec
On 2 December 2025, the EU reached an agreement on anticorruption rules to harmonise the approach taken across all Member States. This agreement forms the foundation of a future EU Directive.
Luxembourg is among the countries perceived as the least corrupt according to Transparency International (score of 81/100, ranking 5th in the world in 2024) and has ratified the main international conventions (UN, OECD, Council of Europe). However, behind these reassuring indicators, weaknesses persist as national legislation remains fragmented and is...
11
Dec
On December 2, 2025, the Court of Justice of the EU (CJEU) in X v Russmedia Digital SRL (C-492/23), ruled that the operator of an online marketplace, as a data controller, is responsible for the processing of personal data contained in advertisements published on its platform, and cannot rely on the hosting liability safe harbor to avoid responsibility for General Data Protection Regulation (GDPR) infringements arising from unlawful processing.
The decision departs from long-standing case law on the liability of hosting service...
11
Dec
What happened?
Treasury and the IRS on December 4 issued three Notices—2025-75, 2025-77, and 2025-78—providing early guidance on several international tax provisions enacted as part of the One Big Beautiful Bill Act (the Act or OBBBA).
Notice 2025-75 announces the intent to issue proposed regulations implementing the transition rule under Section 70354(c)(2) of the Act. The transition rule affects how Section 951(a)(2)(B) reductions apply for certain dividends paid by controlled foreign corporations (CFCs) in tax years beginning before January 1, 2026.
...
10
Dec
The big news in the mergers and acquisitions world late last week was Netflix Inc.'s agreement to buy Warner Bros. Discovery Inc. in a deal valued at $82.7 billion.
The acquisition would create an entertainment behemoth, if it passes regulatory muster. Netflix would come to own the Sopranos, Big Bang Theory, and Game of Thrones franchises. More importantly to those in the commercial real estate world, it would assume Warner's studio movie-making chops. And that’s where the potential headaches come up.
Warner has been among...
10
Dec
Artificial intelligence (AI) has dramatically expanded the toolkit available for reverse engineering, and in-house counsel might wish to take note. Reverse engineering is the process of discovering otherwise nonpublic information about a product by examining the public-facing product. Reverse engineering has always presented a risk, but rapidly-evolving technology is expanding the scope of what can be reverse-engineered. Now, AI enables reverse engineering in previously-impossible ways. What once required specialized expertise and significant time investment can now be accomplished in...
The EACCNY’s Transatlantic Resilient Infrastructure Alliance (TRIA) met in New York City on September 22nd, 2025 on the margins of Climate Week NYC 2025.
TRIA is a joint initiative of the European Investment Bank (EIB) and the EACCNY, that brings together public and private funding and expertise to develop global infrastructure projects.
The EU/US Trade and Investment Relationship at a glance:
1. The EU is the most important trade and investment partner for the US
2. The United States exported $609 billion in goods and services to the EU
3. European Union companies investment in the US is worth $2.4 trillion
Other EACC Chapters
EACCNY Presidential Circle and Platinum Members
