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European Commission

DLA Piper

EU AI Office Publishes a First Draft of the General-Purpose AI Code of Practice

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On November 14, 2024, the EU AI Office published a first draft of the General-Purpose AI Code of Practice (draft Code), the first of four drafting rounds that will conclude in April 2025....more

A&O Shearman

EDPB adopts EU-U.S. DPF report, issues Biometrics Guidelines mandate and other updates

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On November 5, 2024, the European Data Protection Board (EDPB) issued its first report under the EU-U.S. Data Privacy Framework (DPF) and released a statement on the access to data for law enforcement. Both documents were...more

A&O Shearman

European Commission publishes first report on adequacy decision of the EU-US DPF

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On October 9, 2024, the European Commission (the Commission) published a report on the first periodic review of the adequacy decision of July 10, 2023. This decision determined that the EU-U.S. Data Privacy Framework (the...more

Baker Botts L.L.P.

Questions & Unsatisfactory Answers: The European Commission publishes guidance on the importer requirements of the EU Methane...

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Today, the European Commission published the document “Questions and answers on importer requirements of EU Methane Regulation (EU) 2024/1787” (the “Methane Q&A”). In short, the Methane Q&A is an attempt, but an insufficient...more

Wilson Sonsini Goodrich & Rosati

European Antitrust Bimonthly Bulletin – September/October 2024

The "European Antitrust Bimonthly Bulletin" breaks down the major antitrust developments in Europe during the past two months into concise and actionable takeaways....more

Latham & Watkins LLP

European Parliament Votes to Postpone Deforestation Regulation to 2025 and Proposes Additional Amendments

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The vote follows the European Commission’s proposal to delay application of the regulation by one year. On 14 November 2024, the European Parliament (Parliament) voted in favour of the European Commission’s (Commission) ...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Seeks To Simplify ESG Reporting Obligations

A new initiative to consolidate various European Union environmental, social and governance (ESG) reporting obligations into a single regulation aims to simplify the regulatory landscape and enhance the EU’s competitiveness....more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday November 18

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November 15, 2024- The Federal Reserve Board published the November 2024 Supervision and Regulation Report. November 15, 2024- The Federal Reserve Board released the G.17 industrial production and capacity utilization...more

Goodwin

Celltrion Launches STEQEYMA (ustekinumab) in Germany and the Netherlands

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As we previously reported, this August the European Commission granted approval for Celltrion’s STELARA biosimilar, STEQEYMA. Earlier this month, Celltrion launched STEQEYMA in both Germany and the Netherlands....more

Proskauer - Regulatory & Compliance

ESMA’s 2024 Enforcement Priorities: Spotlight on Sustainability and EU Taxonomy Compliance

On 24 October 2024, the European Securities and Markets Authority (“ESMA“) released its 2024 European Common Enforcement Priorities (“ECEP“) for corporate reporting, drawing particular attention to sustainability and...more

Foley Hoag LLP

Actualités en matière de lutte contre la corruption en France et en Europe

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Deux études particulièrement intéressantes ont récemment été publiées par l’Agence Française Anticorruption (l’AFA) et la Commission européenne dans le domaine de la lutte contre la corruption. La première étude publié...more

WilmerHale

The UK-EU Competition Cooperation Agreement: Closer Apart?

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At the end of 2020, the United Kingdom (UK) and the European Union (EU) signed the EU-UK Trade and Cooperation Agreement (TCA), which both parties then ratified in 2021. As to antitrust cooperation, the agreement emphasized...more

Foley & Lardner LLP

EV and EV-Infrastructure Deployment Encounters Regulatory, Political, and Market Challenges in 2024: Hitting Speed Bumps or...

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The road to electrified mobility has been a tumultuous one for automakers, battery-electric vehicle (EV) infrastructure developers, and their supporting industries. Global EV technologies and trends are evolving rapidly,...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: A Guide to Solvency II – Chapter 14: The SFCR and Other Public Reporting

The SFCR and Other Public Reporting - Introduction - The Solvency II regime, as legislated in the Solvency II Directive and elaborated upon in Chapter XII of the EU Commission Level 2 Delegated Regulation (2015/35), is...more

Latham & Watkins LLP

EU Commission Suggests Potential Consolidation of ESG Reporting Frameworks in 2025

Latham & Watkins LLP on

The announcement follows declarations to simplify regulatory frameworks for businesses, and an overall drive to increase competitiveness in Europe. On 8 November 2024, European Commission President Ursula von der Leyen...more

Smith Gambrell Russell

Stockholm Chamber of Commerce Amends Policy on Seat Selection in Intra-EU Arbitrations to Help Ensure Enforceability of Awards

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On November 5, 2024, the Stockholm Chamber of Commerce Arbitration Institute (“SCC”) announced an important change to its policy regarding seat selection “to make every effort to ensure an arbitral award rendered under the...more

A&O Shearman

Zooming in on AI #11: EU AI Act – What are the obligations for the limited-risk AI systems

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The EU Artificial Intelligence Act (“AI Act”) exemplifies a highly advanced risk-based approach to European regulation. One of its distinguishing features is the detailed classification of various risk levels associated with...more

Proskauer Rose LLP

A Step Closer to CSRD’s Non-EU Group Reporting Standards

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On 30 October 2024, the Corporate Sustainability Reporting Directive ("CSRD") standards for global groups with a significant European footprint took a notable public step forward. The European Financial Reporting Advisory...more

A&O Shearman

European Supervisory Authorities Publish Joint Report on Principal Adverse Impacts Disclosures under the EU Sustainable Finance...

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The European Supervisory Authorities have published their third annual report on disclosures of principal adverse impacts under the EU Sustainable Finance Disclosure Regulation. The report assesses both entity and...more

Dechert LLP

Dechert Cyber Bits - Issue 65

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Four Companies Settle SEC Allegations for “Misleading Cyber Disclosures” Regarding SolarWinds - On October 22, 2024, the Securities and Exchange Commission (“SEC”) announced settlements with four companies for alleged...more

Foley & Lardner LLP

What Every Multinational Company Should Know About . . . Dawn Raids

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In today’s regulatory landscape, dawn raids — surprise, on-the-spot government inspections — have become increasingly prevalent, especially in Europe, Asia, and South America, where regulatory scrutiny is intensifying. In the...more

Beveridge & Diamond PC

Circular Economy: The European Commission Adopts New Ecodesign Requirements

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On November 5, President Donald Trump was elected President-elect for a second time. We anticipate that President Trump’s upcoming term will usher significant shifts in U.S. environmental and natural resource law and policy,...more

A&O Shearman

EU Commission issues EUR462.6 million antitrust fine in landmark decision on ‘divisionals game’ and disparagement

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On October 31, 2024, the European Commission (EC) fined Teva Pharmaceutical Industries Limited and Teva Pharmaceuticals Europe BV (Teva) EUR462.6 million for abusing a dominant position in several EU Member States on the...more

A&O Shearman

European Securities and Markets Authority Consultation on Technical Advice under the Prospectus Regulation and Call for Evidence

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The European Securities and Markets Authority has published a consultation paper on draft technical advice under the EU Prospectus Regulation and a call for evidence on prospectus liability. The consultation recommendations...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday November 6

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November 5, 2024 - The Office of Inspector General of the Federal Reserve Board published a report entitled “2024 Audit of the Board's Information Security Program.” November 5, 2024 - The Office of Inspector General of...more

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