31 Mar
Member News

Linklaters | Corporate Transparency Act Only Applies to Non-U.S. Companies?

U.S. M&A Newsletter On March 21, 2025, the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule that eliminates the requirement for U.S. companies and U.S. persons to submit their beneficial ownership information reports (“BOIRs”) to FinCEN under the Corporate Transparency Act’s (“CTA”) implementing regulations. Under the interim final rule, the definition of a “reporting company” now exclusively means companies that were formed under the laws of a foreign country that have...

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31 Mar
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Fees on Chinese-built vessels, a NEW 25% tariff, preparing for more D&D, changes to the NMFC, and a C grade for US infrastructure.

The U.S. Trade Representative (USTR) previously proposed hefty fees on Chinese-owned and Chinese-built vessels that enter U.S. ports, hoping to impact China’s dominance in global shipbuilding and logistics. Industry stakeholders are speaking out, including the National Retail Federation and major importers, strongly oppose the plan, warning of higher costs, supply chain disruptions, and port congestion. And if that isn’t bad enough, critics also warn that instead of boosting U.S. shipbuilding, it will simply shift cargo to Canadian ports. Some industry experts...

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28 Mar
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Canada Imposes 25% Retaliatory Surtax on Certain US Goods

By Sabrina A. Bandali, Alison FitzGerald, George Reid, Jessica Horwitz, Andrei Mesesan and Quinn Scarlett, Bennett Jones LLP This blog was published on March 5, 2025, and is accurate as of that date. The tariff landscape is evolving quickly. Please contact one of the authors or a member of the Bennett Jones International Trade and Investment group for the most up-to-date guidance on US tariffs and Canadian surtaxes. On February 1, 2025, US President Donald Trump issued an Executive Order announcing a 25% tariff on...

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28 Mar
Chapter News

European Commission | EU to invest €1.3 billion in artificial intelligence, cybersecurity and digital skills

The Commission will allocate €1.3 billion for the deployment of critical technologies that are strategically important for the future of Europe and the continent's tech sovereignty through the Digital Europe Programme (DIGITAL) work programme for 2025 to 2027 adopted today. The work programme focuses on the deployment of Artificial Intelligence (AI) and its uptake by businesses and public administration, cloud and data, cyber resilience and digital skills. More specifically, key priorities under the DIGITAL work programme include: Improving the availability and accessibility of generative...

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28 Mar
Chapter News

ECB | AI can boost productivity – if firms use it

Blog post by Antonin Bergeaud, Guzmán González-Torres Fernández, Vincent Labhard and Richard Sellner We constantly hear of exciting new ways AI tools can help to tackle economic problems and the productivity gains they bring. However, benefits can only materialize when firms actually use AI. This post is part of a miniseries related to the ECB conference “The Transformative Power of AI”, on 1-2 April 2025, bringing together researchers, practitioners, and policymakers. Learn more here. Though economists have attempted to quantify the potential economy-wide productivity...

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28 Mar
Member News

Vulcan View: The latest EU developments 24 March – 28 March

EU presents 47 Strategic Projects to secure critical raw materials The European Commission announced on Tuesday (25 March) a landmark initiative to secure the EU’s access to critical raw materials, selecting 47 Strategic Projects under the newly implemented Critical Raw Materials Act (CRMA). This initiative aims to reduce reliance on imports and strengthen the EU’s capacity to extract, process, and recycle resources vital for green technologies, defence, and digital industries. Spanning 13 EU member states—including Germany, France, Spain, and Sweden—the projects will focus...

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28 Mar
Member News

Offit Kurman | Why U.S. Residents Owning Foreign Homes Need a U.S. and a Foreign Will

By Diane K. Roskies, Partner Offit Kurman In today’s highly mobile world, it is increasingly common for U.S. citizens and permanent residents to own homes abroad. These properties may have been acquired as vacation homes, inherited from parents who remained in their home countries or maintained as dual residences for work, particularly by executives of international corporations. Even after retirement, many individuals choose to retain their non-U.S. homes. In my practice, I have encountered all these scenarios involving U.S. persons...

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27 Mar
Member News

GreenbergTraurig | CTA UPDATE: FinCEN Issues Interim Final Rule Exempting Domestic Companies and US Beneficial Owners From Reporting Requirements

Go-To Guide: Domestic companies and their beneficial owners are now exempt from the requirement to file beneficial ownership information (BOI) reports, or to update or correct previously filed BOI reports. Foreign reporting companies that do not qualify for an exemption must report BOI by April 25, 2025, but need not report their U.S. beneficial owners. The Financial Crimes Enforcement Network (FinCEN) is soliciting public comments on the interim final rule and intends to issue a final rule later this...

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27 Mar
Chapter News

European Commission | Press remarks by President von der Leyen on the first 100 days of the 2024-2029 Commission

Good afternoon everyone. On Tuesday, we will mark 100 days since the College of Commissioners took office. 100 days since 1 December that feel like a lifetime ago. The world around us is changing at lightning speed. Geopolitical shifts are shaking alliances. Decades-old certainties are crumbling. And we still have a brutal war raging at our borders. Despite these turbulent times, this Commission has hit the ground running. From day one, we stayed the course that we had laid out...

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26 Mar
Member News

Bannockburn Global Forex | Softer CPI Weighs on Sterling, Ahead of Budget Statement

Overview:  Uncertainty over next week's US tariff announcement continues weigh on markets and undermines near-term conviction. The dollar is mostly consolidating against the G10 currencies. Sterling is the heaviest, off about 0.3% after a soft CPI report and ahead of the Spring Budget Statement. The dollar bloc and Norwegian krone are the strongest. Among emerging market currencies, the Mexican peso roughly 0.25% loss puts it at the bottom of the performers today. The beaten-up Turkish lira is practically flat, but...

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