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European Commission Penalties

Skadden, Arps, Slate, Meagher & Flom LLP

Corporate Sustainability Due Diligence Directive: What Companies in Germany Need To Know

The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD or Directive) entered into force on July 25, 2024, establishing a framework for companies to address risks and adverse impacts on human rights and...more

American Conference Institute (ACI)

U.S. Implications of the EU AI Act

The European Union (EU) is leading the global charge with AI regulations. U.S. companies are not beyond their regulatory reach, however, and should be preparing their AI risk mitigation efforts accordingly....more

Akin Gump Strauss Hauer & Feld LLP

EU Ratifies Pioneering Artificial Intelligence Legislation

On May 21, 2024, the European Union finalized the adoption of the groundbreaking EU Artificial Intelligence Act, a comprehensive and sector-agnostic legislation that extends globally. This 420-page Act aims to regulate the...more

Goodwin

Series 1 - The World’s First AI Regulation Is Here

Goodwin on

Yesterday, March 13, 2024, the European Parliament approved the EU Artificial Intelligence Act (“AI Act”), a sweeping AI governance framework which presents the first comprehensive law in the world aimed at ensuring AI...more

Mayer Brown

Teeth Can Bite: Towards Harmonized Rules on EU Sanctions Criminal Enforcement

Mayer Brown on

On March 12, 2023, the European Parliament ("EP") formally endorsed the adoption of a Directive defining criminal offences and penalties for the violation of European Union ("EU") restrictive measures, colloquially known as...more

Dechert LLP

Exploring DORA’s ICT Risk Requirements: Key Issues for Asset Managers

Dechert LLP on

DORA became law in December 2022 but provides for a grace period until 17 January 2025 for organisations to put in place the necessary measures to comply. The new rules will require engagement from both an operational and...more

K&L Gates LLP

Brussels Regulatory Brief: Winter 2023-2024

K&L Gates LLP on

Antitrust and Competition - The European Court of Justice Held Rules Set by Sports Governing Bodies Must Comply With EU Competition Law - On 21 December 2023, the European Court of Justice (ECJ) held in a preliminary ruling...more

Akin Gump Strauss Hauer & Feld LLP

Political Deal on the EU AI Act: A Milestone but the Journey Continues

A ground-breaking, first of its kind, sector agnostic, comprehensive law regulating Artificial Intelligence (AI) was agreed in the European Union on Friday, 8 December 2023, between the European Parliament, Commission and...more

King & Spalding

New European Batteries Regulation Has Been Adopted

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The European Union (EU) published its new Batteries Regulation on July 28, 2023. The long-awaited text, presented for the first time by the EU Commission in late 2020 and subject to negotiations since then, contains a...more

McDermott Will & Emery

Euro Vision on Corruption: All Singing from the Same Song-Sheet? Proposals for a New Anti-Corruption Legal Framework in the EU:...

McDermott Will & Emery on

On 14 September 2022, the President of the European Commission, Ursula Von Der Leyen, announced the Commission’s commitment to “update the EU’s legislative framework on anti-corruption to better prevent and fight corruption...more

Perkins Coie

Europe Seeks to Tame Artificial Intelligence with the World’s First Comprehensive Regulation

Perkins Coie on

In what could be a harbinger of the future regulation of artificial intelligence (AI) in the United States, the European Commission published its recent proposal for regulation of AI systems. The proposal is part of the...more

Bracewell LLP

EU Mandatory Environmental and Human Rights Due Diligence Law – What You Need To Know

Bracewell LLP on

On Wednesday, March 10th, the European Parliament voted by an overwhelming majority for the adoption of a binding EU law that requires companies to conduct environmental and human rights due diligence along their full value...more

Alston & Bird

Take Steps Now as EU Human Rights Diligence Requirements Take Form

Alston & Bird on

As promised just six months ago, the European Union has drafted a proposal to require companies to perform environmental and human rights due diligence in supply chains. Our Environment, Land Use & Natural Resources Group...more

White & Case LLP

Foreign Investments in France: new legislation expands and strengthens the national security review mechanism (Updated)

White & Case LLP on

New legislation broadens the scope of foreign investments control review in France and reinforces the sanctions in case of infringement. As a next step, French authorities are likely to adopt new regulations by the end of...more

Proskauer Rose LLP

Regulation Round Up - August 2017

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2 August - The UK Competition and Markets Authority announced a consultation on proposed revisions to its published guidance on penalty setting in Competition Act 1998 cases....more

Foster Garvey PC

OTA & Travel Distribution Update - April 7th, 2017

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Below please find this week’s OTA & Travel Distribution Update for the week ending April 7, 2017. The recently released European Commission’s report on the hotel industry headlines this week’s Update. - European...more

Proskauer Rose LLP

Regulation Round Up - February 2017

Proskauer Rose LLP on

The FCA and PRA announced changes to enforcement process with the aim of strengthening the transparency and effectiveness of enforcement decision-making processes. Some of the changes have already come into force, the rest...more

King & Spalding

Digesting the €13 Billion Apple-EU Tax Ruling

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King & Spalding experts assess what international businesses need to be aware of following the EC's ruling on State Aid in the Apple case - Partners in King & Spalding’s tax department have shared their perspectives and...more

King & Spalding

EU tax ruling levies €13 billion state aid penalty on Apple

King & Spalding on

On 30 August 2016, Ireland was ordered by the EC to recover up to €13 billion from Apple on the basis that tax arrangements implemented between Apple and Ireland, originally in 1991, amounted to the provision of unlawful tax...more

McDermott Will & Emery

General Court of the EU Dismisses Trioplast Application Seeking Reimbursement of Interest Paid for Being Late in Paying Cartel...

McDermott Will & Emery on

With a judgment handed down on 12 May 2016 (Case T-669/14, Trioplast Industrier AB v. European Commission), the General Court of the European Union (GCEU) dismissed an action brought by Trioplast Industrier AB (Trioplast...more

Orrick - Finance 20/20

ESMA Final Report on Technical Advice on Delegated Acts Required Under the CSDR

Orrick - Finance 20/20 on

On August 5, 2015, the European Securities and Markets Authority (ESMA) published its final report (ESMA/2015/1219) setting out technical advice to the European Commission on delegated acts required by the Regulation on...more

Dechert LLP

UK Data Protection Regulator ICO Flexes Power to Impose Fine - Sony Fined for Data Breach

Dechert LLP on

Introduction - On 24 January 2013, the UK Information Commissioner’s Office (ICO) served Sony Computer Entertainment Europe Limited (“Sony”) with a monetary penalty of £250,000 following a serious breach of data security...more

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