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New Regulations European Union

Pillsbury Winthrop Shaw Pittman LLP

The Challenge Organizations Face to Become DORA Compliant Is Not to Be Underestimated

With the DORA compliance deadline on the horizon at the start of 2025, EU financial entities should be engaging in both internal and external preparations to meet their new regulatory obligations. The EU Digital...more

Goodwin

EU Adopts Cyber Resilience Act for Connected Devices

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On October 10, 2024, the European Council officially adopted the Cyber Resilience Act (CRA), a regulation designed to ensure that products with digital features are secure to use and resilient against cyber threats, and that...more

BCLP

Commission's First Decision Under the Foreign Subsidies Regulation Authorising a Concentration Subject to Conditions

BCLP on

On 24 September 2024, the European Commission adopted its first decision under the Foreign Subsidies Regulation (“FSR”)....more

McDonnell Boehnen Hulbert & Berghoff LLP

AI News Roundup – California AI bill vetoed, new ChatGPT features, Meta’s video generation AI model, and more

To help you stay on top of the latest news, our AI practice group has compiled a roundup of the developments we are following...more

McDermott Will & Emery

Reciprocal Jurisdiction Reinsurers: Where Are They Now?

McDermott Will & Emery on

In September 2017, the European Union and the United States executed a bilateral treaty called the US-EU Covered Agreement, which for the first time ever permitted US ceding insurers to receive 100% credit on their statutory...more

Proskauer - Regulatory & Compliance

European Commission issues warnings to EU Member States who failed to implement the CSRD  

The deadline for EU member states (‘‘Member States’’) to implement the Corporate Sustainability Reporting Directive (“CSRD”) into national laws was 6 July 2024. Under EU infringement procedures, the European Commission...more

DLA Piper

European Union Deforestation Regulation: What US Companies Should Know

DLA Piper on

Due diligence requirements under the Regulation on Deforestation-Free Products (EUDR) will apply starting on December 30, 2024, setting in motion a landmark regulation to prevent products linked to deforestation and forest...more

Goodwin

The Publication of the CSSF’s Annual Report 2023

Goodwin on

On September 19th, 2024, the CSSF published its 2023 annual report, highlighting key regulatory challenges, particularly in the realm of crypto-assets following the implementation of the Markets in Crypto-Assets Regulation...more

McDermott Will & Emery

Illumina/GRAIL: European Court of Justice Annuls the Commission’s Approach

In a spectacular turn, on September 3, 2024, the Court of Justice (CJEU), constituted as the grand chamber, overturned the ruling of the General Court (GC) and annulled the decision made by the Commission to accept requests...more

NAVEX

EU Regulations: The New Frontier for Business

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The European Union is a hotbed of regulatory activity, with new laws and directives constantly reshaping the business landscape. These changes can seem overwhelming, but understanding them is vital for any company operating...more

White & Case LLP

Moving on up: Europe’s CLO market is making a strong comeback

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The first half of 2024 has been a bumper year for European Collateralized Loan Obligations and a mix of market and legislative catalysts could push the second half into record-breaking territory The European Collateralized...more

Goodwin

The Rapid Rise of AI, in Five Charts

Goodwin on

With remarkable speed, AI has evolved from an intriguing concept into a practical business tool that is drawing large investments and more regulatory oversight. The launch of generative AI (GenAI) tools in late 2022 helped...more

Coblentz Patch Duffy & Bass

2024 Mid-Year Privacy Report - A Comprehensive Look at New Developments in Data Privacy Laws

Introduction - 2024 has been another big year for privacy. Several new state privacy laws are going into effect, with several more coming in 2025, while a federal privacy law continues to be discussed that would further...more

WilmerHale

European Union AI Act Published in the Official Journal - Critical Milestones on the Road to Full Applicability

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The EU Artificial Intelligence (AI) Act was published in the Official Journal of the European Union on July 12, 2024, as “Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down...more

White & Case LLP

Long awaited EU AI Act becomes law after publication in the EU’s Official Journal

White & Case LLP on

On 12 July 2024, the European Union's Artificial Intelligence Act, Regulation (EU) 2024/1689 ("EU AI Act") was published in the EU Official Journal, making it the first comprehensive horizontal legal framework for the...more

Proskauer - Regulatory & Compliance

Regulation Round Up - June 2024

Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in June 2024: 28 June PRIIPs Regulation: The Joint Committee...more

Jones Day

EU Corporate Sustainability Due Diligence Directive

Jones Day on

On April 24, 2024, the European Parliament voted to adopt the Corporate Sustainability Due Diligence Directive ("CS3D"). As described in a recent Jones Day Alert, this followed the Council of the European Union ("the...more

BCLP

The European Union Against Deforestation: the Companies Concerned Still Have 8 Months to Take Action

BCLP on

On December 30, 2024, the European regulation of May 31, 2023 on deforestation will come into force in all EU countries. The aim of these new rules, which are designed to combat the phenomenon of imported deforestation, is to...more

Mayer Brown

EU AI Act Adopted

Mayer Brown on

On May 21, 2024, the last missing approval for the EU AI Act was given by the European Council. The text of the law is final and will be published in the coming days. Here we summarize key points as well as note potential...more

McDermott Will & Emery

Solar package I: Overview of the Main New Solar Regulation in Germany

McDermott Will & Emery on

The waiting has come to an end: after the German Federal Government adopted the first draft of the Solar Package I in August 2023 and a small selected part of Solar Package I already entered into force in December 2023, the...more

Jenner & Block

Client Alert: Corporate Sustainability Due Diligence Directive: Five Key Questions Answered

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On April 24, 2024, the European Parliament approved the Corporate Sustainability Due Diligence Directive (CS3D). The directive, which must be formally endorsed by the Council of the European Union (EU) before officially...more

Walkers

Transposition of Credit Servicers Directive in Ireland – Overview

Walkers on

On 29 December 2023, the Minister for Finance signed the European Union (Credit Servicers and Credit Purchasers) Regulations 2023 (the "Regulations") into law, thereby transposing the Directive on credit servicers and credit...more

K&L Gates LLP

UK and EU Sanctions Update–April 2024

K&L Gates LLP on

The following alert provides an update on recent sanctions developments, including: The publication of the UK government’s first sanctions strategy. The announcement of over 50 new sanctions. Measures to strengthen the Oil...more

Nelson Mullins Riley & Scarborough LLP

[Webinar] Global Impact: Adapting to the EU Artificial Intelligence Act - May 7th, 10:00 am - 11:00 am EDT

Please join Nelson Mullins and Pinsent Masons for a joint webinar discussing the EU Artificial Intelligence Act, the impact it will have on U.S. and European entities, and insights on how to comply with these regulations in...more

A&O Shearman

Employee risk considerations for private capital investors

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Employee activism is increasingly becoming a focal point within the private equity sector, as employees leverage their voice to influence company policies and practices. This shift towards a more vocal workforce has prompted...more

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