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European Commission

White & Case LLP

EU agrees a delay to the application of the Deforestation Regulation

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In December 2024, representatives from the European Commission, Council of the EU and Parliament agreed a compromise that will delay the application of the Deforestation Regulation by 12 months....more

A&O Shearman

European Commission writes to EU authorities on the interplay between crypto asset and payment services regulations

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The European Banking Authority has published a letter from the European Commission (dated December 6, 2024) to the EBA and the European Securities and Markets Authority regarding the interplay between Markets in Crypto Assets...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday December 20

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December 19, 2024- The U.S. Department of the Treasury released a report following the issuance of its 2024 Request for Information on the Uses, Opportunities, and Risks of Artificial Intelligence in Financial Services,...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday December 19

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December 18, 2024- The Federal Open Markets Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent. The Board of Governors of the Federal Reserve System...more

Akin Gump Strauss Hauer & Feld LLP

Merging Networks, Diverging Practices: The CMA’s Gamble on Investment Promises & Price Caps in Vodafone/Three

Following an in-depth Phase II review process lasting almost 14 months from when the CMA launched its preliminary invitation to comment, on 5 December 2024, the CMA conditionally approved the combination of the parties’ UK...more

Hogan Lovells

Draft Commission Notice regarding EU Taxonomy delegated acts published

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The European Commission has published a Draft Commission Notice in respect of the delegated acts to the EU Taxonomy. These are intended to clarify particular technical screening criteria in relation to (i) economic...more

Proskauer - Regulatory & Compliance

ESMA Consults on Open-Ended Loan Originating AIFs

On 12 December 2024, the European Securities and Markets Authority (“ESMA”) published a consultation paper (“Consultation”) on draft regulatory technical standards relating to open-ended loan originating AIFs under the...more

Proskauer - Regulatory & Compliance

Sustainability-related disclosures for all funds proposed by EU Platform on Sustainable Finance

On 17 December 2024, the EU Platform on Sustainable Finance (the “Platform”), an advisory body to the European Commission (the “Commission”), has published a briefing note to the Commission, outlining their proposals for a...more

WilmerHale

Supervision and Enforcement of the European Union’s AI Act

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This blog post introduces the universe of European and national authorities and other relevant actors in the area of supervision and enforcement of the European Union’s Artificial Intelligence Act (AI Act) and provides a...more

BCLP

The New European Commission - Teresa Ribera Takes Charge of Competition

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The new European Commission, under Ursula von der Leyen for a second term, kicked off on 1 December 2024. Teresa Ribera is the new head of European Competition Policy....more

BCLP

EU Deforestation Regulation (EUDR): New Timeline and Guidance for Compliance

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The EU Deforestation Regulation (EUDR) imposes strict conditions on operators and traders who intend to place products composed of certain commodities (i.e. cattle, cocoa, coffee, palm oil, rubber, soy and wood) on the EU...more

Mayer Brown

Europe Daily News, 16 December 2024

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COMPETITION - Commission clears acquisition of I.D.C. by Valeo Foods (M.11725) - Midday Express...more

Ropes & Gray LLP

Australia’s Privacy Reforms: Claus for Concern?

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In the six years since the EU’s General Data Protection Regulation (“GDPR”) took effect, governments around the world have updated their data protection laws to reflect the seismic changes in data processing that were created...more

Skadden, Arps, Slate, Meagher & Flom LLP

CMA’s Growth Agenda: UK Competition Authority May Loosen Position on Merger Remedies

The United Kingdom’s Competition and Markets Authority (CMA) will, in the new year, launch a review of its approach to merger remedies which could lead to a shift away from its long-standing preference for structural...more

A&O Shearman

European Commission Publishes Draft FAQs on EU Taxonomy Regulation

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The European Commission has published a draft notice containing a set of FAQs on the interpretation and implementation of certain legal provisions of the EU Taxonomy Environmental Delegated Act, the EU Taxonomy Climate...more

Akin Gump Strauss Hauer & Feld LLP

EU Forced Labour Regulation Is Now Adopted: What Does It Mean?

On 12 December 2024, the Regulation (EU) 2024/3015 on prohibiting products made with forced labour on the Union market and amending Directive (EU) 2019/1937 (the Regulation) was published in the European Union (EU) Official...more

Cooley LLP

Navigating the New European Commission’s M&A Landscape: What In-House Counsel Need To Know

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As the new European Commission (EC) assumes office for the 2024 – 2029 term, in-house legal counsel across industries must brace for an evolving regulatory environment that promises to influence the landscape of mergers and...more

Cooley LLP

2025 and Beyond – Are You Remaining Compliant With the EU Carbon Border Adjustment Mechanism?

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EU Regulation 2023/956 on the Carbon Border Adjustment Mechanism (CBAM) was introduced to make sure importers of certain goods into the European Union bear similar carbon costs as if they were produced inside the EU and...more

Orrick, Herrington & Sutcliffe LLP

EU Inc. Envisions New Startup Structure

A petition calling for a new pan-European corporate structure for startups has been sent to the EU Commission with 13K+ signatures. “We managed to make this an urgent matter in Brussels,” petition backers said. “Now we need...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - December 2024 - Mercosur-EU – A New Potential Powerhouse in Trade Blocs if Ratified

After 25 years of negotiations, the European Union and the Southern Common Market, commonly known as Mercosur, comprised of Brazil, Argentina, Uruguay, and Paraguay, signed a free trade agreement. I think this, among many...more

McDermott Will & Emery

The EU Corporate Sustainability Reporting Directive: What Non-EU Multinational Companies Need to Know

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Although political sentiment against mandatory sustainability reporting by business entities has grown in Europe (similar to the anti-ESG backlash in the United States), the European Commission (EC) has not backed down. On...more

A&O Shearman

EDPB calls for alignment between GDPR and EU digital legislation; adopts draft Guidelines on data transfers to third country...

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On December 2 – 3 2024, the European Data Protection Board (EDPB) met for its 99th plenary session. It subsequently issued several documents, one of which calls for the need for greater alignment between the GDPR and EU...more

Alston & Bird

D-Day for the EU Cyber Resilience Act

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Our Privacy, Cyber & Data Strategy Team discusses the new Cyber Resilience Act (CRA) that affects manufacturers and distributors of connected devices that are in use anywhere in the European Union....more

A&O Shearman

Implementing Regulation on Standard Templates for the Register of Information

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The European Commission rejected the European Supervisory Authorities' draft ITS in September on the basis that financial entities should have the choice of using either EU unique identifiers or legal entity identifiers. The...more

Ropes & Gray LLP

New Year’s Resolutions: What 2025 Holds for AI Regulation

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On 30 November 2022, OpenAI made its ChatGPT generative artificial intelligence chatbot publicly available. In the two years since, its unprecedented growth has fostered a dramatic shift in public attention to and interest in...more

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