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 summarised the highlights of this edition below. CJ judgment on whether Belgium correctly implemented the CFC rules under the ATAD (Commission v Belgium, C-524/23) On 26 February 2026, the Court of Justice (CJ), delivered its judgment in the case Commission v Belgium (Case C‑524/23). The case concerns the alleged failure by the Kingdom of...

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The U.S. is one of the most attractive places in the world to do business. It’s home to a massive, high-spending consumer base, cutting-edge innovation hubs, and plenty of room for growth. But it’s also a market that comes with tough competition, complex regulations, and high operating costs. If you're entering the U.S. market, it's important to go in with a clear picture of both the upside and the hurdles. U.S. Market Opportunities  1. Access to a Massive Consumer Base The U.S. continues...

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On February 25, 2026, the European Commission (the "Commission") and the United Kingdom (UK) signed the EU-UK Competition Cooperation Agreement ("the Agreement"). This is the first agreement supplementing the post-Brexit 2020 EU-UK Trade and Cooperation Agreement providing for specific cooperation in the area of competition enforcement. The EU had already entered into similar agreements with other jurisdictions. However, the Agreement has a distinguishing feature: it does not only regulate the mechanics of cooperation between the Competition and Markets Authority (CMA) and the Commission, but also regulates...

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Blog | On 4 March 2026, the European Commission published its long-awaited proposal for a Regulation establishing a framework of measures for the acceleration of industrial capacity and decarbonisation in strategic sectors (Industrial Accelerator Act or IAA). The proposal is accompanied by a press release, Q&A, and factsheet. The IAA is deliberately wide-ranging, seeking to cover competitiveness, decarbonisation, supply-chain resilience, foreign investment, and territorial industrial policy within a single framework. Key takeaways Strategic industrial and decarbonisation projects would benefit from...

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The article in brief: Contingent consideration, especially earnouts, helped sustain M&A deal momentum in 2025 amid macroeconomic uncertainty. Earnouts are expanding beyond the life sciences sector, with shorter performance periods and increasingly ambitious payout hurdles. As deal structures become more customized, valuation methodologies are evolving to keep pace with growing complexity. How 2025’s Market Cycle Influenced Earnout Activity M&A deal activity in 2025 unfolded in two distinct phases. Early in the year, shifting trade policy, uneven macroeconomic data, and persistent inflation...

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Key insights While commercial real estate construction is slowing due to high costs and labor shortages, data centers remain a bright spot because of accelerating AI‑driven demand. The pace of computing innovation could outstrip the useful lives of today’s designs. AI hardware, density patterns, and power requirements are evolving quickly, creating real risk current data center layouts and systems may not align with future needs. Just as America’s shopping malls lost value when consumer behavior changed, data centers could...

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Patent eligibility under 35 U.S.C. § 101 continues to be one of the most challenging aspects of U.S. patent prosecution, particularly for software- and AI-driven inventions. While the legal framework has long been shaped by judicial exceptions and evolving case law, recent developments at the USPTO and the Patent Trial and Appeal Board (PTAB) suggest a meaningful shift in how eligibility is being evaluated. This article highlights key trends shaping § 101 analysis today and outlines practical considerations for innovators...

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