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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18 Aug
Chapter News, News

IMF | The Cost of Geoeconomic Coercion

Governments have good reasons to use tariffs or sanctions for geopolitical purposes but should consider the trade-offs. Governments worldwide increasingly are using economic policies, such as export bans, financial sanctions, and trade tariffs, to achieve noneconomic goals. The benefits of these geoeconomic policies can be significant, accomplishing a geopolitical purpose without threatening, or using, military force—and without the high human and economic costs of war. Perhaps the world should welcome this. Yet coercive policies can be costly for nations that impose...

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17 Aug
Member News, News, Trade & TTIP Related

Troutman Pepper Locke | Cleared for Tariffs: What the New Section 232 Drone Tariffs Mean for the UAS Industry

Key Points A presidential proclamation issued August 13, 2026, imposes Section 232 tariffs of 100% on high-risk UAS and docking stations, and 25% on consumer and commercial drones under 25 kg, effective September 3, 2026.  Reduced tariff caps of 15% (EU, Japan, South Korea, Taiwan, Switzerland, Liechtenstein) and 10% (UK) apply only where importers certify that “substantially all” critical components originate from qualifying countries — a standard Commerce has not yet defined.  The Proclamation’s onshoring program allows companies that...

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17 Aug
Member News, News

IPTI | Property Tax in the News – August 2026

IPTI’s usual monthly newsletter – the “President’s Message” – contains, inter alia, some summarised news articles from around the world. This IPTI publication – “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles – from North America, Europe and around the globe – can be found in...

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17 Aug
New York Related News, News

PKF O’Connor Davies | NYC Pied-à-Terre Surcharge May Proceed for Now Following Appellate Stay

Key Takeaways An appellate stay allows New York City to continue the pied-à-terre surcharge rollout while litigation over the implementation process remains unresolved. The surcharge targets qualifying non-primary residences, with exemption applications due Sept. 18, 2026, for owners who received city notices. Property owners and boards should preserve notices, document primary residence status and seek counsel when surcharge eligibility or property identification is uncertain. A New York State Supreme Court justice in Staten Island issued a temporary restraining order on...

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17 Aug
Member News, News, Trade & TTIP Related

Jaguar Freight | The Cost of Transit

In this week’s Roar: Asia–U.S. East Coast box rates, jumping the queue at the Panama Canal, port congestion across Asia, falling air cargo demand in Europe, and AI’s role in overcoming supply chain hurdles. A geopolitical perfect storm of sorts has led Asia–U.S. East Coast box rates to a new high for the year, while pushing West Coast rates up 11% since the start of the month. Despite the perceived state of the economy, not to mention geopolitical volatility and the ongoing instability...

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