06 Jul
Member News, News

Trepp | The 13 Colonies Have a New Battle on Their Hands: Office Distress

About 250 years after the original 13 colonies declared their independence from England, their commercial real estate markets are facing a very different battle: CMBS office delinquencies. Office distress is not evenly distributed across our nation's first 13 states. Only four states with CMBS office exposure posted delinquency rates below the national average of 16.75%. Connecticut recorded the highest CMBS office delinquency rate among the states at 52.63%, with 13 properties carrying delinquent loans that have a balance of $730 million....

Read more

06 Jul
Member News, News, Trade & TTIP Related

Jaguar Freight | Death, Taxes…and Higher Prices

In this week’s Roar: The end of the USMCA, ocean carriers are increasing capacity, updates to the tariff refund portal, top supply chain technology trends, and amending the Direct Air Waybill Framework. The U.S. has declared that it won’t extend the USMCA, which will trigger a 10-year countdown for the North American Trade Pact to expire in 2036. The move launches a six-year review at a time when U.S. officials are pushing for tougher regional content rules and new trade protections....

Read more

02 Jul
Chapter News, News, Uncategorized

IMF | Tokenization Can Change the World’s Financial Architecture

Policy choices will determine whether tokenized finance strengthens or fragments the financial system. Tokenization is often described as a technological upgrade enabling faster settlement, cheaper payments, and programmable assets. But it is a lot more. When financial assets and liabilities move onto shared digital ledgers, the structure of the financial system itself changes. Processes that today occur sequentially — execution, clearing, settlement —can now happen simultaneously, governed by software rather than institutional processes. Risk could migrate away from the balance sheets...

Read more

02 Jul
New York Related News, News

Grassi | New York State Budget Bill Passed with Numerous Changes

New York’s recently enacted Fiscal Year 2027 State Budget, signed into law on May 28, 2026, approved significant tax law changes for both personal and business taxes. Although the Bill preserves NY’s business tax rates, several major law changes could meaningfully impact 2025 tax returns and prospective tax planning. Below is a summary of the key provisions. RATES REMAIN UNCHANGED New York’s personal income and business tax rates remain unchanged in the Bill. The 7.25% corporate franchise rate on business income...

Read more

01 Jul
Member News, News

Trepp | No Taxation Without Data-Center Regulation

While no tea has been thrown into any harbors just yet, local communities throughout the country have been increasingly pushing back on data-center developments. In fact, a panelist at Trepp Connect (in NYC) in May noted that community pushback is the greatest challenge that data-center developers are facing today. Last year, at least 25 data-center projects throughout the country were canceled because of local resistance, a quadrupling of the number of projects that were canceled in 2024, according to Newmark. Communities oppose...

Read more

01 Jul
Member News, News, Trade & TTIP Related

Jaguar Freight | Headlines for Q3 2026: A Reopened Strait, More Tariff Changes, and Defining a Path Forward

Global Ports The Headlines: Even with the shaky MOU agreement in place, the impacts of the Strait of Hormuz closure are likely to take months to work through global ocean networks. But that is not the only ‘hotspot’ impacting ports. The Panama Canal terminal dispute remains an active geopolitical issue, with Panama’s takeover of the Balboa and Cristóbal ports contributing to regional tensions and the broader U.S.-China trade disagreements that have affected shipping operations around the world. What’s Important: Two of the world’s...

Read more

01 Jul
Chapter News, News

OECD | The Research and Innovation Workforce Continues to Expand Across the OECD

Across the OECD area, the share of science and engineering professionals reached 3.7% of the workforce in 2024; information and communication technology (ICT) professionals grew to 3.1%. R&D personnel in turn rose to almost 1.6%. The professional science, technology, engineering and mathematics (STEM)  workforce has continued to grow across OECD and EU economies, according to the latest data from the Research and Innovation Careers Observatory (ReICO). The share of science and engineering (S&E) professionals rose from 3.2 to 3.7% of total employment across...

Read more

01 Jul
Member News, News

Laura Devine | Developments in US Immigration Policy: Update on H‑1B Fee Litigation, Travel Restrictions, and Adjustment of Status Guidance

Recent litigation and policy changes reshape key aspects of US immigration, but uncertainty remains. US immigration policy has undergone a series of notable developments in recent months, particularly in relation to the $100,000 H‑1B visa fee, the administration’s vetting framework associated with Executive Order 14161, and updated USCIS guidance on adjustment of status. While these measures initially introduced significant challenges for employers, subsequent litigation and policy clarifications have begun to reshape how they are applied in practice, offering limited clarity...

Read more

30 Jun
Chapter News, News, Trade & TTIP Related

European Commission | Questions and Answers on Implementing the EU’s Steel Regulation: the Tariff Quota Distribution for Steel Imports

What quotas have been put in place on steel imports into the EU and whom do they concern? The EU's steel measure, which enters into application on 1 July 2026, reduces duty-free imports of 26 categories of steel products into the EU by an average of 47% as compared with the quotas under steel safeguard. As of 1 July 2026, a total of 18.3 million tonnes of steel will be allowed to enter the EU duty-free each year. Today's implementing...

Read more

30 Jun
Member News, News

Loyens & Loeff | EU Connect Snippet: The Future of the European Banking Sector is Entering a New Phase

The current European banking framework is largely the result of reforms introduced after the 2008 financial crisis. Over the past fifteen years, the EU has developed a single rulebook and strengthened its supervisory and resolution architecture, most notably through the Banking Union. These reforms were designed to enhance resilience, support financial stability and enable more effective crisis management across the Union. Those objectives have broadly been achieved. EU banks now operate with stronger capital and liquidity positions, and the framework...

Read more

‹1234›»