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EDUCATES

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TRANSATLANTIC NEWS

Chapter News, News

European Parliament | Digital Markets Act: MEPs Want Stronger Enforcement Amid External Pushback

The Digital Markets Act (DMA) is a key instrument to improve market openness and fairness, competition, and user choice in the EU New challenges posed by generative AI and cloud services need to be addressed External pressure must not compromise the EU’s sovereignty and autonomy to define its rules Effective and proportionate fines essential to ensure deterrence and safeguarding DMA’s effectiveness MEPs are pushing for the Commission’s timely and effective enforcement of the EU’s Digital Markets Act and closer...
Chapter News, News, Trade & TTIP Related

European Commission | EU-Mercosur Interim Trade Agreement Starts to Provisionally Apply

On 1 May, the EU-Mercosur Interim Trade Agreement (ITA) will start being provisionally applied. This will allow EU producers, exporters, and farmers to start reaping the benefits of this deal as of day one.  The provisional application of the ITA will create new opportunities, supporting the exports of industrial goods, services, and agri-food products to Argentina, Brazil, Paraguay and Uruguay. It will immediately remove or drastically reduce tariffs on key exports such as cars, pharmaceuticals, and foresee a first tariff...
Chapter News, News, Trade & TTIP Related

IMF | Global Disruptions Are Testing How the World Moves Goods and People

Blog | Shipping and flight disruptions highlight new fault lines in the global economy and their costs for growth and livelihoods. The war in the Middle East has severely disrupted maritime and air traffic, damaging infrastructure and interrupting transport corridors that are critical for global energy and goods. Even in the best case, there will be no neat and clean return to the way things were. The Chart of the Week illustrates one reason for concern. In the Red Sea, attacks on shipping that began...
Chapter News, News, Trade & TTIP Related

OECD | Critical Raw Materials Face Rising Export Restrictions, Increasing Risks to Global Supply Chains

Several key minerals that are essential inputs for digital and renewable energy technologies face high exposure to export restrictions, and the number of restrictions continues to rise, a new OECD report finds. The annual update of the OECD Inventory of Export Restrictions on Critical Raw Materials tracks export restrictions and supports analysis of their impact on availability, prices and global supply chains. The OECD continues to monitor these measures over time. The latest edition, which analyses measures implemented through the end of 2024, shows...
Chapter News, News

European Commission | Proposal of a Plan for Simpler, Clearer and Better Enforced EU Rules

The European Commission today presented its plan to modernise EU lawmaking, ensuring that laws are clearer, simpler, more efficiently enforced, based on solid evidence and better aligned with the needs of citizens and businesses. Ursula von der Leyen, President of the European Commission, said: "Europe needs clear and coherent legislation that fully responds to the needs of our citizens and businesses. Today, we deliver our plan to make EU lawmaking more efficient, more effective, and more transparent. We will apply simplicity by...
Chapter News, News

World Bank | Middle East War to Spark Biggest Energy Price Surge in Four Years

Commodity prices forecast to rise by 16% this year, fueling inflation and slowing growth.  Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group's latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals. The shock will have serious implications for job creation and development, the analysis indicates. Attacks...

UPCOMING EACC EVENTS

WEBINAR | Quarterly EU Economic Update: This Time Is Different - Europe Builds on its Foundations for Stability and Growth

President Trump’s decision to attack Iran has the potential to transform the Middle East – but at least in the short-term has led to sharply higher energy prices. But unlike in 2022, when Russia’s invasion of Ukraine triggered an energy crisis, this time Europe is much better prepared. The EU has greatly expanded its use of renewable energy, has diversified its suppliers of oil and natural gas, and has upgraded its domestic energy infrastructure.

    PARTNER EVENTS

    Strengthening Risk, Controls, and AI Governance for Law Firm Leadership

    Hosted by Anchin | As firms work more closely with banks, clients, and other third parties, expectations around internal controls and IT security are becoming increasingly interconnected. Security reviews today extend well beyond technical safeguards to evaluate the strength of underlying operational and financial controls. Gaps in these areas can expose firms to heightened risk, regulatory scrutiny, and operational inefficiencies.

      MEMBER NEWS

      Member News, News

      McCann Fitzgerald | Navigating Legal Privilege when Using Generative AI

      Lawyers, both in-house and in private practice are making growing use of generative AI in the delivery of legal services.  This had led to the creation of a whole new category of documents, in the form of prompts and AI outputs.  Such documents, as with any others, may be subject to disclosure in legal proceedings, unless protected by privilege. Recent rulings on both sides of the Atlantic have highlighted the growing tensions between the use of generative AI tools and...
      Member News, News

      Tarter Krinsky & Drogin | Structuring U.S. Acquisitions for European Investors

      For European investors eyeing the U.S. market with an acquisition, the “Stock vs. Assets” debate is more than just a legal technicality; it dictates your future liability profile and tax efficiency. Whether you acquire shares of stock directly through a European legal entity (“European Entity”) or utilize a Delaware “Newco” to buy assets, your choice should align with your long-term risk tolerance and exit strategy. In our new alert, we outline two different acquisition scenarios, highlighting the benefits, opportunities, and...
      Member News, News

      A&L Goodbody | Asset Management & Investment Funds: EU & International Developments – April 2026

      European Commission adopts RTS under EU Ratings Regulation The European Commission adopted two draft Delegated Regulations supplementing the ESG Ratings Regulation. The European Securities and Markets Authority (ESMA) consulted on the draft RTS in May 2025. Draft Delegated Regulation with regard to RTS specifying the measures and safeguards to be implemented by ESG rating providers to separate their ESG rating activities from their other activities Draft Delegated Regulation with regard to RTS specifying the elements of ESG rating products to...
      Member News, News

      VRC | 1Q 2026 Update: Middle Market Credit Spreads, Required Returns

      Price discovery emerges as AI and geopolitical volatility cloud the inflation and rate outlook.  The article in brief: •  Heightened volatility in early 2026, driven by AI-related disruption concerns and geopolitical developments, pushed credit markets back into price discovery mode. •  Primary market activity slowed late in the quarter, while secondary spreads widened, particularly for technology and software-exposed credits. •  Despite near-term uncertainty, lender demand remains strong, and the market backdrop continues to favor high-quality borrowers, with higher risk premiums for AI-, tariff-,...
      Member News, News

      Practus LLP | The New ETF Frontier: Digital Assets, Tokenization, and the Regulatory Tightrope

      Innovation is Easy. Approval is Not Digital assets are having a moment. But for ETF sponsors, in addition to the underlying product innovation, there is still the need to concurrently navigate the regulatory gauntlet of custody, valuation, market integrity and compliance. Formerly fringe, digital assets are firmly implanted in the product pipeline. Even with investor demand rising, many digital asset ETF concepts don’t fail in design – they stall in regulatory review. We’ve worked alongside sponsors on first-of-their-kind cryptocurrency and blockchain-based...
      Member News, News, Trade & TTIP Related

      Thompson Hine | Commerce Adds Duty-Free Tariff Code for Section 232 Goods Containing No Aluminum, Steel, or Copper

      On April 27, 2026, the Department of Commerce (“Commerce”) published a Federal Register notice adding a duty-free code in the Harmonized Tariff Schedule of the United States (“HTSUS”) with retroactive effect to cover goods subject to the Section 232 aluminum, steel, or copper tariff regimes that do not, in fact, contain these metals.  This new provision, subheading 9903.82.01, applies retroactively to April 6, 2026, the effective date of Proclamation 11021, which overhauled the Section 232 aluminum, steel, and copper tariff regimes (see Update of...

      Latest & Leading

      EACCNY Team returns from Meetings with EU Commission & EU Parliament in Brussels

      We had very fruitful discussions about the future of transatlantic trade, EU-US relations and various other issues that affect businesses on both sides of the Atlantic. The fact remains that Europe and the United States are each others most important trading partners.

       

       

      Member Spotlight

      ICT America (Ex ICT Lions /Lion’s Courage Corporation) is a U.S.-based accounting and advisory firm and the American arm of ICT Europa Group, an established international financial services organization with over 160 professionals serving more than 300 clients globally. Through its integrated structure, it combines U.S. market expertise with scalable international delivery. The firm provides end-to-end financial, accounting, and tax support to U.S. and international businesses, with a strong focus on companies operating across borders, including U.S.–Europe transactions and structures. Its core services include Accounting & Bookkeeping, Corporate Tax Compliance, Transfer Pricing, Payroll & Workforce Support, Outsourced CFO/Advisory, Cross-Border Structuring. ICT America operates under ISO 9001 and ISO 27001 standards and maintains substantial professional liability insurance, ensuring a high level of quality, security, and reliability for clients.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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