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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24 Feb
Chapter News

ECB | Critical input disruptions – mapping out the road to EU resilience

by Dennis Essers, Laura Lebastard, Michele Mancini, Ludovic Panon and Jacopo Timini | Using firm-level data for five EU Member States we study how disruptions to the supply of foreign critical inputs (FCIs) might affect value added. Our findings suggest a 50% reduction in imports of FCIs from China and China-aligned countries would lead to transitory value added losses in manufacturing of about 2-3%, with significant variation across firms, sectors, regions and countries. This has implications for the wider economy, growth and price stability. Global disruptions...

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24 Feb
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – A temporary reprieve from tariffs, the impact of a Russia-Ukraine peace agreement, stable air freight rates, details from a key ATA index, and AI’s role in supply chain decision-making.

US importers are getting a reprieve from tariffs with major trade partners, but the looming threat of more tariffs has shippers biding time by continuing to frontload. A surge in imports is keeping trans-Pacific container rates high despite the usual seasonal slowdown. The increased demand for shipping capacity is impacting market rates and logistics planning. Carriers are benefiting from stronger than expected volumes, while shippers try to deal with cost fluctuations and disruptions. The general uncertainty around future tariffs has...

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21 Feb
Chapter News

ECB | Those who work less worry more: the effect of lower workloads on consumption

Blog post by Pedro Baptista, Colm Bates, António Dias da Silva, Maarten Dossche and Marco Weissler | Euro area firms hold on to their workforce, despite poor economic conditions. For a significant share of workers this means a lower workload than usual. In turn, many put more money aside as they worry about job security and wages, as the ECB Blog shows. When the economy slows down, so does labour productivity. This link is often attributed to the role of...

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21 Feb
Member News

CLA | A New Chapter for Clean Energy Credits: The Section 45Y and 48E Transition

As of January 1, 2025, many clean energy credits have transitioned to a new statutory and policy framework focusing on “technology-neutral” facilities.   Recent final regulations under Sections 45Y and 48E have addressed many questions organizations voiced regarding the transition to the new rules.  The transition may present challenges for organizations as they work through the technical and practical aspects of the new framework.  A new statutory framework for clean energy tax credits To make clean energy tax credits more technology-neutral,...

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21 Feb
Chapter News

IMF | Foreign Direct Investment Increased to a Record $41 Trillion

India, Mexico, Brazil, and some other major emerging economies recorded strong growth, while the United States continued to extend its lead as the top destination for direct investment Global foreign direct investment grew again in 2023 after declining the previous year. Inward direct investment climbed $1.75 trillion, or 4.4 percent, reaching a record $41 trillion, according to the IMF’s latest Coordinated Direct Investment Survey, which provides detailed information on direct investment positions between countries. FDI rose in most regions, with Central and...

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21 Feb
Chapter News

The Financial Stability Board appoints new members to its Taskforce on Legal, Regulatory and Supervisory matters

The LRS Taskforce in its new composition will continue to provide a forum for engagement between public- and private-sector experts to support the G20 Roadmap for enhancing cross-border payments. The Financial Stability Board has renewed the composition of its Taskforce on Legal, Regulatory, and Supervisory matters (LRS Taskforce). The Taskforce aims to strengthen collaboration between the public sector and senior managers from the private sector to support the G20 Roadmap for enhancing cross-border payments. Following a public call for nominations for senior private-sector...

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