27 Feb
Member News, Trade & TTIP Related

AlixPartners | 2025 Container Shipping Outlook: Navigating the crosscurrents

Well, that was unexpected. With some 3 million 20-foot-equivalent units (TEU) in new capacity poised to come online in 2024, after 3 years of controlled capital spending, carriers went into the year anticipating a reversion to the chronic overcapacity that has long weighed on the industry’s profitability. But market fundamentals changed drastically in November 2023, when Houthi rebels in Yemen launched a campaign of attacks on Red Sea shipping. Virtually overnight, 7-8% of global capacity was diverted as Red Sea...

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27 Feb
Member News

Mason Hayes & Curran | TUPE: Top Tips for Transferors and Transferees

TUPE regulations impose strict responsibilities and obligations on both the transferor (outgoing employer) and the transferee (incoming employer). Our Employment Law & Benefits team reviews the key aspects of TUPE and shares practical tips to help employers stay compliant. What you need to know The law governing the transfer of undertakings (TUPE) is complex and involves a number of obligations for both the transferor and transferee. Transferors and transferees must engage in a statutory information and consultation process with representatives...

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26 Feb
Chapter News, Trade & TTIP Related

European Commission | Speech by Commissioner Šefčovič at the American Enterprise Institute event on ‘EU-US Cooperation on Trade and Economic Security’

"Check against delivery" Thank you for your warm welcome and for hosting this timely discussion. It has been almost exactly a year since I last visited Washington, D.C. In fact, I realised that I have been here every February since 2022 – when Russia invaded Ukraine –each time marking a significant moment in our relationship. This year is no different, as I am here to address a critical issue: the U.S. administration's proposal to impose tariffs on EU exports. This has sparked concerns...

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26 Feb
Chapter News

European Commission | Speech by President von der Leyen at the Munich Security Conference 2025

“Check against delivery” Bundespräsident Steinmeier, Ministerpräsident Söder, Excellencies, Ladies and Gentlemen, Like so many of you, I have been coming here for many years. From the times when it was an exclusively transatlantic audience to today, when we see political, business and thought leaders from right across the world. This is a testament not only to the great success of the Munich Security Conference. But it also reflects on how the rest of the world impacts our security and our transatlantic relationship. Our task here...

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26 Feb
Member News

PwC | Restructuring 2025 outlook

Executive summary Elevated interest rates helped push Chapter 11 bankruptcy filings to their highest level in eight years in 2024 and we expect the high volume of restructurings to continue through the first half of 2025. Over the last two years, higher borrowing costs eroded capital and liquidity from many companies. The Federal Reserve’s pivot in the back half of 2024 likely came too late for some of those companies. We’re also seeing signs of softening consumer spending, especially in sectors such as...

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26 Feb
Chapter News

Financial Stability Board | FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: February 2025

To G20 Finance Ministers and Central Bank Governors, The outlook for the global economy is characterised by shifting financial conditions and geopolitical uncertainty. Against this backdrop, it is important that we remain attentive to global financial stability, which is indispensable for economic growth. Under the G20’s leadership, and working through our members, the FSB has developed extensive reforms in recent years to enhance resilience by addressing key financial system vulnerabilities. When fully implemented, the reforms will contribute to a financial...

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25 Feb
Member News

Arendt | AED expands supervisory measures for unregulated AIFs

The AED has expanded its AML/CFT reporting obligations to encompass all unregulated alternative investment funds (AIFs), in addition to introducing a new deadline. Unregulated AIFs must act immediately to ensure their compliance. Introduction The Administration de l’Enregistrement, des Domaines et de la TVA (AED) has expanded  AML/CFT reporting obligations for the 2024 financial year. Previously, only Reserved Alternative Investment Funds (RAIFs) were required to submit an RC report by the end of May. This requirement now applies to all funds under AED...

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25 Feb
Member News

Wilson Sonsini | New BIS Rule Expands Export Controls and Due Diligence Requirements for Advanced Computing Integrated Circuits

As part of its ongoing efforts to thwart China's development of advanced computing technologies, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) issued an interim final rule (the IFR) last month that both broadens the export licensing requirements for certain advanced computing integrated circuits (ICs) and imposes new due diligence requirements on front-end fabricators and outsourced semiconductor assembly and test companies (OSATs). While the IFR has been in effect since its publication date on January 16,...

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25 Feb
Member News

Linklaters | U.S. M&A Newsletter — February 24, 2025

CTA is Back On – Filings due March 21st On February 17, 2025, the U.S. Federal District Court for the Eastern District of Texas issued a stay of the Court’s January 7, 2025, order that had granted relief of enforcement of the Corporate Transparency Act (“CTA”) and its implementing regulation, the beneficial ownership information reporting rule (“BOI Reporting Rule”). The decision effectively reinstates reporting companies’ obligations to file beneficial ownership information reports (“BOIRs”) under the CTA. In responding to the...

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25 Feb
Chapter News

IMF | How AI Can Help Both Tax Collectors and Taxpayers

Blog post by Thomas Cantens, Herve Tourpe | New generative AI tools can redefine the relationship between governments and citizens, but strong leadership and safeguards are fundamental. New technologies have the potential to improve the relationship between governments and citizens. Tax portals, customs IT systems and online services have simplified interactions with public authorities, reduced bureaucratic hurdles, and increased transparency. Now, generative artificial intelligence (GenAI) is emerging as the next transformative force. Known for its ability to understand and produce human...

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