The Dutch government published its response to parliamentary questions on the bill implementing the revised EU Product Liability Directive (Directive (EU) 2024/2853) on 3 September. The new rules must be transposed into Dutch law by 9 December 2026, meaning that the revised product liability regime is only months away from entering into force in the Netherlands.
The new Union Customs Code is not merely a revision of customs procedures. It changes the way businesses, importers, customs representatives and e-commerce platforms will manage the flow of goods into the EU.
On July 1, 2026, the Ukrainian Cabinet of Ministers introduced a new procedure for the export of military goods, dual-use goods, and related technologies via Resolution No. 875.1 The reform intends to provide Ukrainian manufacturers with faster and more transparent access to international markets without jeopardizing Ukraine’s defense interests.2
The Dutch House of Representatives voted to adopt the ACM Call-In Power Act (Wet inroepbevoegdheid ACM, in Dutch) (CPA) on 22 September 2026. This will amend the Dutch Competition Act, granting the Netherlands Authority for Consumers and Markets (ACM) the power to call in transactions that fall below the statutory filing thresholds of the Dutch merger control regime. The amendment will also raise the local turnover filing threshold of the Dutch merger control rules. The CPA now proceeds to the Senate for a vote on its adoption.
Second Circuit Rules That No Suspicion Required before Customs and Border Protection Searches Cell Phones for U.S. Citizens, U.S. Permanent Residents and Other Non-Citizens
The steady grind higher in bond yields worldwide continues to be the central development for financial markets.
Unusually, this move has been stronger so far in the G10 countries than in emerging markets, though this gap is now beginning to close. In another departure from historical experience, equity markets have largely shrugged off the move, with US, European, and Japanese indices still close to record highs. Currency markets have maintained their composure thus far as well, but the dollar has emerged as the clear point of refuge for investors in the wake of the parallel sell off in government bonds globally.
The Senate is back in Washington for its final session week before November’s midterm elections. The House of Representatives is out and is not scheduled to return until November 9th.
On 18 September 2026, the US President signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (the “Act”) into law. The Act is the most comprehensive package of US sanctions and trade measures against Russia enacted in recent history. It also extends the application of the Iran Sanctions Act of 1996 to 2031.
The Federal Reserve’s September meeting delivered an interest rate hike and unmistakably hawkish message last week, making it clear that the central bank is squarely focused on bringing down inflation.
Government bond yields worldwide continued their recent march upwards, now led by the short term, as the Fed, ECB, Bank of Japan and the Bank of England are all suggesting that their tolerance for above-target inflation is wearing thin. Stocks fell, and the US dollar rose against nearly every major currency worldwide. Both traders and economists (ourselves included) are busy revising their policy forecasts higher, and the lack of a resolution to the Iran conflict in the background only adds to the uncertainty.
The Senate returns to Washington for what could be its final working week before the midterm elections. The House of Representatives has already departed for the October recess and won’t reconvene until November.
