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The European Commission's (EC) public consultation on the draft delegated act in relation to access by researches to data from providers of very large online platforms (VLOPs) and very large [...]

On October 2, 2024, the European Commission (the 'Commission') proposed an extra 12 months of phasing-in time for the application of the EU Deforestation Regulation ('EUDR'), one of the EU's [...]

CSRD The EU Taxonomy Regulation, which entered into force in 2020 as a part of the ESG framework adopted within the European Union, created a classification system which defines the [...]

European Commission Imposes Fine for Restrictions on Cross-Border Sales of Clothing On 28 November 2024, the European Commission (EC) announced a fine of [euro]5.7 million on Pierre Cardin and its [...]

1. Governor of the Central Bank of Ireland's observations on the 2024 IMF annual meeting On 31 October 2024, Governor of the Central Bank ('Central Bank'), Gabriel Makhlouf, published a [...]

The redesigned European Long-Term Investment Funds ('ELTIF') framework, commonly referred to as 'ELTIF 2.0,' represents a significant step forward in the EU's efforts to facilitate long-term investments. By broadening the [...]

Corruption impacts every sector, but some areas are particularly vulnerable, especially those handling large public funds or delivering essential services like healthcare. To better understand these vulnerabilities, the European Commission [...]

The compliance deadline for DORA of 17 January 2025 is just over two months away. Despite this, there are several elements which are still subject to ongoing discussion by the [...]

Tough Challenge Ahead for New Commissioner As Margrethe Vestager's term as European Union ('EU') Commissioner for Competition ends, European Commission ('Commission') President Ursula von der Leyen has hinted at important [...]

Late 2022 the European Commission published a legislative proposal regarding VAT in the digital age (the ViDA proposal). On 5 November 2024, the Council of the EU finally reached political [...]

PRIORITIES FOR EU COMMISSIONER- DESIGNATE The European Parliament's meetings with the proposed new EU commissioners are due to take place between 4 and 12 November 2024. The incoming Commission's new [...]

Since mid-October 2023, certain M&A transactions and participations in public procurement proceedings must be notified to the European Commission ('Commission') under the Foreign Subsidies Regulation (Regulation (EU) 2022/2560, 'FSR'). This [...]

Key Takeaways: EU catch-all controls on Non-Listed Cyber-Surveillance Items are complex and far-reaching, therefore requiring EU exporters to conduct careful review and assessment prior to any exports of such items. [...]

On October 16, the European Commission determined that X's online social networking service does not qualify as a core platform service (CPS) under the Digital Markets Act (DMA). This conclusion [...]

On 17 October 2024, the European Commission (EC) published its Fourth Annual Report on the screening of foreign direct investments (FDI) into the Union (Fourth Annual Report), which is an [...]

On 17 October 2024, the European Commission adopted the first Implementing Regulation under the Network and Information Security 2 Directive (EU) 2022/2555 (NIS2), focusing on digital infrastructures and services. The [...]

OFFSHORE WIND ENERGY The European Commission approved a [euro]682 million Belgian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy. The scheme was approved [...]

What You Need to Know > Introduction On August 1, 2024, the European Commission published its draft Guidelines on abusive exclusionary conduct by dominant undertakings. Their adoption would mark the [...]

The European Commission's long-signposted targeted consultation on the functioning of the EU securitisation framework was published yesterday, 9 October 2024. The consultation is very detailed, but the consultation period is [...]

Background of the Corporate Sustainability Due Diligence Directive The Corporate Sustainability Due Diligence Directive (CSDDD) was entered force on 25 July 2024. The purpose of this Directive is to promote [...]

On 27 September 2024, the European Commission ('EC') published draft rules defining 'low-carbon hydrogen' and derivative 'low-carbon fuels' in the EU (the 'Draft Low-Carbon Hydrogen DA'). A public consultation is [...]

What happened? The European Commission's (EC) application of the new Foreign Subsidies Regulation (FSR) has reached another significant milestone. On 24 September 2024, the EC concluded its first ever second [...]

self A regular briefing for the alternative asset management industry. Last week, the European Commission published a report on the future of European competitiveness, prepared by Mario Draghi, a former [...]

Put down the lemonade and break out the pumpkin spice: summer is coming to an end. And while you were in the pool - or maybe just answering emails poolside [...]

Market definition permeates every competition law assessment. It is an essential tool to define competition's boundaries: Who competes with whom? What is a company's market power? Will the merging companies [...]

The settlement mechanism, which has been applied as an alternative by the European Commission since 2008, was incorporated into our legislation in 2020 through Article 43, titled 'Initiating an Investigation, [...]

LEGISLATION Execution of Deeds During COVID-19 lockdowns there was a temporary measure to facilitate the execution of instruments under seal on separate counterparts. It is now planned to reinstate this [...]

KEY TAKEAWAYS: On 19 July 2024, the European Commission (the 'Commission') adopted a delegated regulation and accompanying annexes containing its regulatory technical standards ('RTS') supplementing Regulation EU 2015/760, as amended [...]

In the recent years we have seen exponential increases in the amount of fines imposed by the European Commission (Commission) for infringements of competition rules, fines in the range of [...]

On 24 July 2024, the European Securities and Markets Authority ('ESMA') published an opinion on the sustainable finance regulatory framework (the 'ESMA Opinion'), which outlines the ESMA's long-term vision for [...]

In Short The Situation: The European Commission ('EC') has released its first guidance on assessing market distortions under the Foreign Subsidies Regulation ('FSR'). The Result: The Commission Staff Working Document [...]

Following recent developments in European regulatory and customs legislation, this update discusses three developments and their relevance to the automotive sector, namely the introduction of provisional countervailing duties on battery [...]

A 2020 review of the Consumer Credit Directive (2008/48/EC) ('CCDI') by the European Commission (EC) found that CCDI has been only partially effective in ensuring a high level of consumer [...]

In May 2024 Commission published a policy brief on 'Antitrust in Labour Markets'. Policy brief details the current antitrust enforcement efforts in the labour markets. Beyond just a mere policy [...]

ANTITRUST AND COMPETITION The European Commission to Take Action to Address Territorial Supply Constraints On 24 May 2024, the EU Commissioner for Competition, Margrethe Vestager, announced that the European Commission [...]

The European Long-Term Investment Fund ('ELTIF') is an EU fund product regime designed to provide long-term stable returns by investing primarily in long-term investments, such as loans, infrastructure and private [...]

Background The European Commission has taken another step towards meeting its green transition goals by adopting a new framework for implementing sustainability requirements for a wide range of products. Under [...]

On June 24, 2024, the European Commission ('Commission') decided to impose a fine of [euro]15.9 million on International Flavors & Fragrances Inc. and International Flavors & Fragrances IFF France SAS [...]

1. APPROACHING DEADLINES 2. UCITS & AIFMD 2.1 ESMA publishes Call for Evidence on the review of the UCITS Eligible Assets Directive On 7 April 2024, ESMA published a call [...]

The European Commission warned in September 2022 that 'the next winters - not just this one - will be difficult, make no mistake about that'.1 In this article, Joe Perkins [...]

In recent years, competition authorities in the US have focused quite heavily on tackling anti-competitive practices in labour markets, and have taken several actions on this front. In terms of [...]

What should be the role of runner-up evidence in bidding analysis when assessing mergers? The European Commission discussed this issue extensively in the GE/Alstom case, and various of its subsequent [...]

Dawn raids are back - and they're bigger and bolder than ever before. Authorities are now copying personal electronic devices and seizing information from social media accounts, visiting individual homes, [...]

The European Commission announced on 30 April 2024 that EU consumer authorities (the CPC Authorities), coordinated by the Commission, have sent letters to 20 airlines identifying several types of potentially [...]

Since March 7th, all core platform services that the European Commission has designated as gatekeepers under the Digital Markets Act (DMA) so far, must comply with the DMA's obligations and [...]

What You Need to Know Key takeaway #1 Joint purchasing arrangements between competitors can lead to beneficial outcomes such as better prices and greater product variety for consumers. However, businesses [...]

On 9 April 2024, the Commission announced a new investigation under the Foreign Subsidies Regulation ('FSR') to examine whether foreign subsidies distort competition in the European wind power market. Although [...]

'NBFIs and capital markets...play a pivotal role in fostering the diversity of financial markets structure and contributing to the resilience of the financial system through private risk sharing and reduced [...]

The European Union may restrict visa-free travel for citizens of non-member states that offer citizenship to investors, grants visas and residence permits. In a recent report, the European Commission (EC) [...]

Introduction On 7 May 2024, ESMA published a call for evidence on the review of the UCITS Eligible Assets Directive1 (Call for Evidence). Given that the responses received to its [...]