The new edition of the EU Tax Alert is available. With this publication we would like to keep you informed about the latest developments on EU tax law. We have summarized the highlights of this edition below. European Commission opens public consultation on possible recast of the DAC On 16 December 2025, the European Commission opened a public consultation on a possible legislative proposal to recast the Directive on Administrative Cooperation (2011/16) (DAC). The consultation targets a broad range of stakeholders...

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Overview The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently announced an $11.5 million settlement of an enforcement action against a U.S.-based private equity and infrastructure investment firm (the firm) for violations of U.S. sanctions in connection with an investment indirectly backed by a sanctioned individual. The action provides important guidance on OFAC’s expectations regarding ownership, control, and indirect involvement by sanctioned persons, as well as the limits of relying on outside counsel when material facts are not...

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The European General Product Safety Regulation (EU) 2023/988 ("GPSR") is applicable since 13 December 2024. It applies to all types of non-food consumer products. The regulation acts as a sort of safety net for gaps in consumer protection in product-related harmonisation legislation. Economic operators must comply with numerous new requirements for handling digital product information, e-commerce, marketplace regulation and recall management. For products that are not harmonised at European level, it also comprehensively determines the requirements for product safety. The...

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It's no secret that the outlook among professionals in the commercial real estate industry is brighter today than it was a year ago. Lenders are more readily lending: Banks are back in the game, CMBS bond spreads have tightened, issuance volumes are higher than they've been since the Global Financial Crisis, investor interest has increased, and the prognosis for property fundamentals has markedly improved. That's not to say that everything will be smooth sailing over the next 12 months. We're...

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