Member News

Member News
08
Jun
On June 3, 2026, the European Commission (EC) released its first draft of a proposed Cloud and AI Development Act (Proposal or CADA), marking a significant step forward in the EU’s efforts to strengthen its digital infrastructure and reduce strategic dependence on non-EU cloud providers.
Through the Proposal, the EC aims to strengthen EU cloud, AI, and computing capabilities, and introduces criteria to help public-sector bodies assess whether third-party cloud services are sufficiently protected from foreign control. The Proposal lays the groundwork for a...
05
Jun
The national industrial sector recorded 249.8 million square feet of leasing activity in the first quarter, up 14% from a year ago, putting the sector on track for a record year of leasing, according to CBRE.
But absorption, or the leasing of previously vacant space, totaled just 43.2 million sf in the first quarter, well below total leasing volume, suggesting that much of the leasing activity came from tenants renewing leases or moving between buildings rather than expanding their footprints.
At...
05
Jun
Key Points
President Donald Trump’s “Strengthening Customs Enforcement” executive order directs CBP to overhaul customs enforcement, raising IOR eligibility thresholds and bond requirements for all entries.
The executive order draws a bright line between “U.S. IORs” and “foreign IORs,” imposing stricter eligibility, bonding, and informal entry restrictions on foreign IORs and tying benefits to CTPAT validation.
CBP must implement a “good standing” regime and overhaul the IOR registry within 180 days, using compliance history and customs liability payment records...
05
Jun
The Trump administration has recently made several trade policy and tariff litigation announcements affecting companies importing goods into the United States and downstream buyers: (1) the Department of Justice appealed the Court of International Trade (CIT)’s “universal” IEEPA refund order and submitted a filing to the CIT announcing that only unliquidated entries and entries within 90 days post-liquidation would be processed for refunds through the Consolidated Administration and Processing of Entries (CAPE) system; (2) the U.S. Trade Representative (USTR)...
04
Jun
“EU Inc. by its very name speaks the language of investors…” (EU Commissioner Michael McGrath, 18 March 2026).
The European Commission announced its welcome proposal for EU Inc, the centrepiece of its wider plans for a ‘28th regime’, which looks to be a game-changer for European founders, entrepreneurs and investors. The proposal envisages a new (optional) type of corporate vehicle which would benefit from a swift incorporation process, streamlined administration and a ‘digital by default’ set of rules.
At a glance: Key benefits
Underpinned by key principles such as ‘once...
04
Jun
Key Points
USTR has proposed additional Section 301 tariffs of 10 – 12.5% on imports from all 60 economies under investigation for failing to impose and/or enforce forced labor import bans, affecting nearly all U.S. import trade by value.
Companies with global supply chains should immediately model the cost impact of these proposed tariffs across their sourcing footprint and evaluate whether their products may qualify for limited exemptions, including those for Section 232 goods, certain raw materials, and products posing economy-wide...
04
Jun
What happened?
President Trump issued a Proclamation on June 1 further modifying the Section 232 tariff regimes applicable to imports of aluminum, steel, copper, and certain derivative products. The Proclamation establishes a temporary tariff framework, effective June 8, 2026 through December 31, 2027, for certain products identified in Annex I-C, including a generally applicable 25% duty rate, alternative tariff treatment for products from specified trading partners, and special rules for qualifying United States–Mexico-Canada Agreement (USMCA) products.
This Proclamation also lowers the threshold for...
03
Jun
June 2, 2026 – RSM US LLP (“RSM”) - the leading provider of consulting, tax and assurance services for the middle market - is celebrating its 100th anniversary, marking a century of advising middle market businesses through periods of economic, operational and technological change.
In New York and across the region, RSM serves companies that are helping shape the economy and drive growth across industries, reflecting the broader impact of the middle market nationwide.
"A hundred years doesn't happen without extraordinary...
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