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Member News
Member News
21
Aug
Key Points:
President Trump suspended additional ad valorem duties of up to 50% on certain Canadian imports under Section 338 of the Tariff Act of 1930 for three days, shifting the effective date from August 19 to August 22, 2026, covering the alcoholic beverages, dairy, and motor vehicles sectors.
Companies with Canadian supply chain exposure in the Covered Sectors should monitor developments closely, as ongoing negotiations may result in further presidential action — including an extension, permanent revocation, or imposition of...
21
Aug
The European Union has laid the foundations for a new system for health data. After years of political wrangling, the European Health Data Space (“EHDS”) Regulation has now entered into force. This creates a framework to improve access to electronic health data and facilitate its use for research, innovation and regulatory purposes across the EU.
For life sciences companies, universities, NHS partners, CROs and technology transfer offices, this is not simply a regulatory change. It has the potential to change...
20
Aug
With highly contested midterm elections less than three months away, investment advisers must be aware of, and pay close attention to, the Securities and Exchange Commission’s (SEC) pay-to-play rule governing their business, SEC Rule 206(4)-5. The rule provides that when investment advisory firms and their covered associates make political contributions to certain candidates, the firms are prohibited from providing services for compensation to the governmental entities that the candidates can control or exert influence over. The rule also prohibits...
19
Aug
Key Points
The New York Limited Liability Company Transparency Act (NYLTA), effective January 1, 2026, applies exclusively to LLCs formed under the laws of a foreign country that are authorized to do business in New York — all U.S.-formed LLCs are exempt from its beneficial ownership information (BOI) reporting requirements.
Foreign LLCs authorized to do business in New York before January 1, 2026, must file an initial BOI Disclosure Report or Attestation of Exemption by December 31, 2026; those...
19
Aug
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...
18
Aug
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...
18
Aug
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...
18
Aug
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...