21 Aug
Member News, News

CMS | The European Health Data Space: Are Your Collaboration Agreements Future Proof?

The European Union has laid the foundations for a new system for health data. After years of political wrangling, the European Health Data Space (“EHDS”) Regulation has now entered into force. This creates a framework to improve access to electronic health data and facilitate its use for research, innovation and regulatory purposes across the EU. For life sciences companies, universities, NHS partners, CROs and technology transfer offices, this is not simply a regulatory change. It has the potential to change...

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21 Aug
Financing for Development/UN SDG's, News

World Bank | World Bank’s USD 7-Year Sustainable Development Bond Meets Strong Demand from High-Quality Investors

WASHINGTON, D.C., August 18, 2026 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 4 billion benchmark bond that matures in August 2033. With more than 150 investor orders, the transaction attracted over USD 11 billion in high-quality investor orders, primarily driven by bank treasuries, central banks/official institutions, and asset managers. The lead managers are Bank of America, Morgan Stanley, Nomura, and TD Securities. The bond pays a semi-annual coupon of 4.50%, offers a spread...

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20 Aug
Member News, News

FBT Gibbons | It’s Election Season: Investment Advisers Beware of the SEC Pay-to-Play Rule

With highly contested midterm elections less than three months away, investment advisers must be aware of, and pay close attention to, the Securities and Exchange Commission’s (SEC) pay-to-play rule governing their business, SEC Rule 206(4)-5. The rule provides that when investment advisory firms and their covered associates make political contributions to certain candidates, the firms are prohibited from providing services for compensation to the governmental entities that the candidates can control or exert influence over. The rule also prohibits...

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20 Aug
Chapter News, News, Trade & TTIP Related

Eurostat | Euro Area International Trade in Goods Surplus €8.6 bn

€3.9 bn surplus for EU Euro area The first estimates of euro area balance showed a €8.6 bn surplus in trade in goods with the rest of the world in June 2026, compared with + €4.8 bn in June 2025. The euro area exports of goods to the rest of the world in June 2026 were €272.5 billion, an increase of 14.4% compared with June 2025 (€238.2 bn). Imports from the rest of the world stood at €264.0 bn, a rise of 13.1% compared with June 2025...

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19 Aug
Member News, New York Related News, News

Troutman Pepper Locke | From Broad to Barely There: The NYLTA’s Dramatic Scope Reduction

Key Points The New York Limited Liability Company Transparency Act (NYLTA), effective January 1, 2026, applies exclusively to LLCs formed under the laws of a foreign country that are authorized to do business in New York — all U.S.-formed LLCs are exempt from its beneficial ownership information (BOI) reporting requirements. Foreign LLCs authorized to do business in New York before January 1, 2026, must file an initial BOI Disclosure Report or Attestation of Exemption by December 31, 2026; those...

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19 Aug
Member News, News

A&L Goodbody | Asset Management & Investment Funds: EU & International Developments – July 2026

ESMA CSA on the risk management function The European Securities and Markets Authority (ESMA) launched a Common Supervisory Action (CSA) on the risk management function of UCITS management companies and alternative investment fund managers (AIFMs) across the European Union. The CSA will be conducted throughout 2026 and 2027, in close collaboration with national competent authorities (NCAs). The objective of the CSA is to assess how market participants comply with key risk–related provisions under the UCITS and AIFMD frameworks. The focus will be on...

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18 Aug
Member News, News

Ashurst Perkins Coie | Transcending Borders: Employee Mobility Issues for Multinational Employers

What you need to know Where an organization wishes to engage or move personnel overseas, the most common structures include: Using an employer of record (EoR); Having the employee work remotely under the home country employment contract; Engaging personnel under an alternative working arrangement (e.g., as a contractor); Seconding personnel to a local entity; and Putting an employee on a leave of absence or the home country employment ceasing to operate and employing them with the local entity. Each of these...

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18 Aug
Member News, News

Offit Kurman | AI, Data Breaches, and an Old Lesson from the Law of Bailment

OpenAI recently disclosed that, during testing of one of its frontier artificial intelligence models, AI agents working to solve assigned tasks found ways to access the internet and ultimately infiltrate the systems of another AI company, Hugging Face. They did so through pathways OpenAI's developers never intended them to reach. The incident quickly dominated technology and cybersecurity headlines. It also prompted OpenAI to send two of its security engineers to Black Hat USA 2026, one of the cybersecurity industry's...

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18 Aug
Member News, News, Trade & TTIP Related

Fox Rothschild | White House Targets Tariff-Dodging Transshipment with Heightened Enforcement

A report says companies are routing billions of goods from high-tariff countries like China through countries like Mexico, Vietnam and Malaysia. Key Points A White House report pegs tariff-evading transshipment at least $34.2 billion annually and names several countries as primary conduits for Chinese goods entering the U.S. under false origin claims. Customs and Border Protection is deploying an AI-powered enforcement system that cross-references origin declarations, routing data, and component sourcing to flag evasion at scale. Companies should review country-of-origin...

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18 Aug
Chapter News, News

ECB | The AI Boom: Rational Enthusiasm or the Next Dot-Com Bubble?

Blog | The rise of AI has driven a blistering rally in the tech sector, bringing stock market valuations to levels last seen during the dot-com bubble. Although AI is reshaping the economy, do today’s high valuations bear the risk of an abrupt and painful setback in the euro area? Valuations on the US stock market, as measured by the CAPE ratio, are currently close to their historical peak. Euro area equity valuations have also risen, albeit to a lesser extent...

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