Member News

Member News, News, Trade & TTIP Related

Barnes & Thornburg | The False Claims Act’s New Frontier: $549.5 Million Customs Fraud Settlement Signals Continued Enforcement Shift

Highlights The $549.5 million Perfectus Aluminum settlement is more than ten times larger than the previous record for a customs-related False Claims Act (FCA) resolution and the latest in a string of major cases involving Chinese imports. The U.S. Department of Justice (DOJ)'s new Corporate Enforcement Policy creates a 120-day clock. Once a whistleblower reports internally, the company has 120 days to self-disclose or lose eligibility for a presumptive declination of prosecution. A single customs fraud scheme can simultaneously...

Read more

Member News, News

Troutman Pepper Locke | Policymakers Consider Temporary Pause on AI Data Center Construction: What Stakeholders Need to Know

Data center developers and hyperscalers are racing to build artificial intelligence (AI) infrastructure and data centers across the United States. In response, federal and state policymakers have introduced legislative measures targeting rising electricity costs, grid strain, environmental impacts, and AI-driven job losses. The most aggressive of these is a moratorium on data center construction. On March 25, 2026, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez announced the Artificial Intelligence Data Center Moratorium Act. The act would impose a nationwide halt on constructing or...

Read more

Member News, News

Offit Kurman | Pre‑Launch Trademark Risk: What In‑House Counsel Should Address Before Product Launch

Most trademark problems do not begin with a refusal from the USPTO or a cease-and-desist letter from a competitor. They begin much earlier during product development and brand naming, often before legal is meaningfully involved. For in-house counsel, pre-launch trademark risk is less about technical doctrine and more about process. Decisions made under time constraints, reliance on incomplete clearance signals, selection of legally weak brands, and launching without a filing strategy all narrow options later and increase the cost of correction. The companies that encounter the most difficult trademark...

Read more

Member News, News

RSM | Cybersecurity Challenges for Financial Services Organizations

Key takeaways Data is increasingly shared across vendors and cloud environments, expanding the attack surface. Organizations should embed cybersecurity resilience into their enterprise risk management framework. Improving third-party risk oversight and building a culture of shared accountability can help.   Financial services organizations continue to be among the industries most targeted for cyberattacks. Banks, lenders, investment firms and payment processors sit at the intersection of sensitive data, global money movement and critical infrastructure, making them attractive targets for cybercriminals, hacktivists and...

Read more

Member News, News

Anchin | Goals, Glory, and Taxes: Foreign Athletes Face U.S. Tax Implications for World Cup 2026

The 2026 FIFA World Cup, taking place this summer across the United States, Canada, and Mexico, will capture global attention with its exciting matches, heated rivalries, and memorable moments. However, the tournament also brings challenges off the field that players have to navigate. While athletes focus on the games at hand, they also work with their advisors to address a complex web of international tax obligations—particularly nonresident players who have the potential to earn income from participation bonuses and other...

Read more

Member News, News

Arendt | ESMA Publishes Results of Common Supervisory Action on MiFID II Sustainability Aspects

On 6 May 2026, the European Securities and Markets Authority (ESMA) published a Public Statement presenting the results of its Common Supervisory Action (CSA) on the integration of sustainability into firms' suitability assessments and product governance processes and procedures under MiFID II. Background In October 2023, ESMA launched the CSA with national competent authorities (NCAs) to assess the progress made by investment firms and credit institutions in applying the key sustainability requirements introduced under the MiFID II Delegated Acts (CDR (EU) 2021/1253 and...

Read more

Member News, News, Trade & TTIP Related

Troutman Pepper Locke | Phase One IEEPA Tariff Refunds Are Hitting Bank Accounts: What Importers Should Do Now and Implications for the Secondary Market in Refund Rights

Following the U.S. Supreme Court’s invalidation of the Trump administration’s tariff program under the International Emergency Economic Powers Act (IEEPA), U.S. Customs and Border Protection (CBP) has moved quickly to operationalize what may become one of the largest tariff refund processes in recent history. On April 20, 2026, CBP launched new functionality in the Automated Commercial Environment (ACE) Portal, through the Consolidated Administration and Processing of Entries (CAPE) framework, to support the submission and administration of valid IEEPA tariff refund claims. In CSMS #68536553, CBP also...

Read more

Member News, News, Trade & Tariffs

CLA | IC‑DISCs: Explore the Benefits for Privately Held Manufacturers Who Export

For privately held manufacturers who export, IC‑DISCs are one of the rare tax strategies that are long‑standing and stable. Privately held manufacturers often compete globally while managing a far different set of pressures than large public or private‑equity–backed companies. One way to create a business advantage is tax strategies increasing cash flow and reducing owner-level taxes. One such tax strategy relevant to export‑oriented manufacturers is the Interest Charge - Domestic International Sales Corporation (IC‑DISC), which can generate current-year, permanent tax savings...

Read more

Member News, News

Trepp | Data Center Sector’s Growth Comes with Challenges

The data-center sector's rapid growth is colliding with mounting challenges around power, community opposition, concentration, and underwriting risk. Those were among the key takeaways at last week's Trepp Connect conference hosted by Trepp Inc. in Midtown Manhattan's Rockefeller Center. It's hard to believe that a sector with a 1% vacancy rate and a global inventory that is expected to nearly double in the next five years could be facing so many uncertainties, but they seem to continue to mount. Those uncertainties...

Read more

Member News, News, Trade & TTIP Related

Jaguar Freight | Capacity Crunch

In this week’s Roar: Tariffs back in the news, the April Logistics Manager’s Index, China’s declining air export volumes, tariff refunds on the way, and the cost of AI. A federal trade court (CIT) has ruled that President Trump’s 10% global tariffs were unlawful because they exceeded the authority granted under Section 122 of the Trade Act of 1974. This follows the earlier decision against Trump’s tariffs imposed under emergency powers laws. While the administration is expected to appeal, the ruling currently blocks...

Read more