In early March the European Council and Parliament reached a provisional agreement on a new EU regulation concerning forced labour in supply chains. The European Parliament has approved the English-language text of a proposed...more
The below alert provides a high-level overview of several measures recently adopted by the European Union (the “EU”) targeting Russia and Belarus, which include: (1) A new Russia sanctions regime, adopted on 27 May 2024,...more
On 24 April 2024, the European Union adopted a directive criminalizing the following sanctions violations: The directive brings significant changes to EU sanctions enforcement by harmonising the rules on the violation of EU...more
The new EU notification requirements relating to transfers of funds out of the EU by EU entities with a certain level of direct or indirect Russian ownership enters into force soon. The reporting obligation has a broad scope,...more
As of 1 March 2024, a licence will be required to export technologies relating to quantum computers, and advanced electronic components such as semiconductors, from France to non-EU countries....more
A final decision with respect to the location of the new EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (“AMLA”) is expected on 22 February 2024, but it’s clear that AMLA, which the European...more
France is currently strengthening its foreign direct investment (“FDI”) screenings regime. In addition to the new resources allocated to the Government unit in charge of the French FDI laws, the French government adopted, on...more
The French Minister of Economy formally notified, under Article L151-3 of the Monetary and Financial Code, its decision not to authorise a foreign investment by a U.S. company on 6 October 2023. Notably the target was not a...more