The Development: On January 24, 2024, the European Commission ("EC") unveiled a package of five fresh initiatives aimed at strengthening the European Union's ("EU") economic security (the "Package"). This will likely increase...more
For in scope companies, disclosures may be required as early as the reporting period for the 2024 financial year. On 22 December 2023, the Commission Delegated Regulation specifying the first set of European...more
The European Commission has launched a public consultation and a call for evidence seeking opinions on the EU’s intermediary climate targets for 2040. This is a scheduled step in the EU’s ambition to reach net-zero emissions...more
The European Commission has launched a public consultation on its proposal to introduce a new common EU-wide system for withholding tax on dividend or interest payments. The consultation period will end on 26 June 2022....more
The EU Commission published a public consultation based on its initiative to introduce a common EU-wide system for withholding tax on dividend or interest payments, which includes a system for tax authorities to exchange...more
The consultations invite stakeholders’ views on the Environmental Liability Directive and the Waste Framework Directive. In May 2022, the European Commission (Commission) issued public consultations in relation to the...more
The European Commission (“EC”) gets started with its plans to improve toy safety in Europe with a Public Consultation leading the way to a new legislative proposal envisaged for Q4 2022. The new legislation is expected to put...more
According to the European Commission, freedom of expression (one of the pillars of democracy in Europe) is in jeopardy, as governments and private groups increase pressure on the media. The Commission is due to enact a draft...more
The EU Commission opened this afternoon the public consultation on the EU general pharmaceuticals legislation on medicines for human use. This initiative is part of the EU Pharmaceutical Strategy for Europe and calls on...more
The European Union and United Kingdom have each proposed modifications of their antitrust rules on distribution. The proposals diverge significantly on common distribution practices, creating legal challenges for distribution...more
On 18 June 2021, the European Data Protection Board (EDPB) and European Data Protection Supervisor (EDPS) issued a joint opinion on the European Union’s proposed AI Regulation, which was announced earlier this year....more
The Development - ..On 7 June 2021, the European Commission (EC) published a draft Communication on the “Guidelines on State aid for climate, environmental protection and energy 2022” (CEEAG) that will replace the 2014...more
On 5 May 2021, the European Commission ("Commission") issued a proposal for a far-reaching Regulation to tackle foreign subsidies, which, if adopted, will increase the regulatory risk for companies operating or investing in...more
The European Commission has published draft updated standard contractual clauses in light of the Schrems II decision. On 12 November 2020, the European Commission (the Commission) published a draft implementing decision,...more
Key Takeaways - The European Commission has adopted a White Paper with proposals for sweeping enforcement powers to address potential distortive effects of foreign subsidies in the EU. The White Paper suggests that the...more
On 2 June 2020, the European Commission (the Commission) published its inception impact assessment (or roadmap) on the possible adoption of regulation that would introduce a new market investigation tool. This assessment was...more
The EU State Aid regime has long protected the EU internal market from anti-competitive subsidies granted by EU Member States. On 17 June 2020, the European Commission published a White Paper that proposes a new set of tools...more
On 17 June 2020, the European Commission published a White Paper seeking views on three powerful new tools to control the acquisitions and activities of foreign subsidised companies in the EU:1 (i) a general ex post control...more
The European Commission is expected to issue a White Paper on an Instrument on Foreign Subsidies on June 17, as anticipated in its 2020 work program. The Commission's White Paper will address the perception that foreign...more
To meet the ambitious targets set by the UN 2030 Sustainable Development Goals (SDGs), the finance markets must be utilised to a much greater degree to enable sustainable projects and allow access to wider sources of capital....more
The European Commission has launched a consultation to help shape the next Generalised Scheme of Preferences ("GSP") from 2024. Stakeholders have until 3 June 2020 to comment....more
Reducing sources of counterfeit or grey market goods is a perennial challenge for every brand owner. Recent parallel developments in the EU and the US show how legislators are tackling the issue of counterfeit goods on online...more
The consultation provides a key opportunity for market participants to provide feedback on the regime. Key Points: ..The consultation covers a broad range of MiFID topics and, while framed as a questionnaire, contains...more
On February 19, 2020, the European Commission (“EC”) published a series of documents outlining its vision for Europe’s digital future. Amongst these, the EC’s White Paper on Artificial Intelligence: A European approach to...more
The European Commission has published a Communication detailing the Sustainable Europe Investment Plan that will support the European Green Deal Investment Plan. The Communication is accompanied by a proposed Regulation to...more