Member News

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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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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25 Mar
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Steel and Aluminum Tariffs Now – What Comes Next?

By Susan Kohn Ross, Partner, MITCHELL SILBERBERG & KNUPP LLP Uncertainty and Impact on Compliance Keeping up with the ongoing changes and impact from tariffs continues to be wrought with challenge.  The latest pronouncements on steel and aluminum have not offered improved clarity, only additional questions. Working closely with your trade team is as critical as ever to get assistance in interpreting executive orders and guidance updates by President Trump and Customs and Border Protection. Recap of Steel and Aluminum Tariffs Canada Mexico China/Hong Kong As of...

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25 Mar
Member News

Berkowitz Pollack Brant | Understanding the Corporate Restructuring Side of FIRPTA

By Joel G. Young, JD, LLM With the complexity of the U.S. tax code, foreign persons may inadvertently trigger a withholding tax on the sale or disposition of U.S. real estate even when they are party to an otherwise tax-free reorganization. It is important for foreign individuals to understand the nuances of the Foreign Investment in Real Property Act (FIRPTA) and the ways in which they may avoid FIRPTA withholding tax on these and other types of transactions. The U.S. generally...

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24 Mar
Member News

EIB | President Calviño on artificial intelligence: “In Europe we race as a team”

EIB Group President Nadia Calviño addressed this year's edition of Journée de l'Économie focusing on the AI technologies. Thank you very much for the opportunity to share some thoughts with you on an issue that I am quite interested in, where we are all extremely interested in. But not only my current position as president of the European Investment Bank, but also as my previous position as vice president of the government of Spain and minister for economy and digitalization. Normally, people have...

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24 Mar
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – A Suez Canal update, turbulence in air cargo, trade compliance, tariffs and uncertainty for manufacturers, and the top tech trends of 2025.

Renewed hostilities in the Red Sea mean hopes are fading for container lines when it comes to resuming Suez Canal transits. Yemen’s Houthi rebels launched missile and drone attacks on U.S. warships following American airstrikes in Yemen. The President justified the strikes, saying he’s protecting Red Sea shipping, although experts link them to pressure on Iran. The Houthis also vowed to resume attacks on Israel-linked vessels. MSC CEO Soren Toft continues to reiterate that the Suez Canal remains unsafe, and...

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22 Mar
Member News

Ogletree Deakins | DEI Executive Orders “Unblocked” | EEOC Issues Technical Assistance on DEI

Key Developments from Washington, D.C. DEI EOs “Unblocked.” T. Scott Kelly and Zachary V. Zagger have the details on a decision by the U.S. Court of Appeals for the Fourth Circuit that will allow the federal government to enforce its DEI-related executive orders (EO) (EO 14151 and EO 14173) while a decision on the merits awaits appeal. This means that the federal government can once again, for example, require federal contractors to certify that they do not operate diversity, equity, and inclusion (DEI) programs...

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21 Mar
Member News

Panitch Schwarze | Experts Must Understand Their Sources of Supporting Information

Damages experts have been known to rely upon many sources of information in preparing their positions regarding how much to award in damages/royalties. However, a recent U.S. district court decision cautions that a damages expert must understand their sources of information. By extrapolation, this should apply to any expert witness. In a Memorandum Opinion issued on March 14, 2025, Judge Richard Andrews of the U.S. District Court for the District of Delaware ruled that the defendant’s damages expert opinion should...

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21 Mar
Member News

Vulcan View: The latest EU developments 17 March – 21 March

European Commission unveils its White Paper on Defence to rearm the EU On Wednesday, 19 March, the European Commission unveiled its White Paper on Defence, setting out a vision to rearm Europe by ensuring the European defence industry can produce at the requested speed and volume; and facilitating rapid deployment of military troops and assets across the EU. The White Paper introduces plans for a true European defence union in which EU countries will remain in charge of defence, while benefiting from added EU benefits to strengthen...

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