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Since the EU's foreign direct investment (FDI) screening regime became effective in 2020, the EU Commission has reviewed over 1,200 FDI transactions notified by EU Member States, although the Commission [...]

DMA will constitute a 'paradigm shift in digital markets,' say rivals. The world's leading tech, ecommerce, and social media companies have until March 7, 2024, to comply with the European [...]

A major update to the EU's Regulation 2015/760 for long-term investment funds ('ELTIF 2.0') applies as from 10 January 2024. It is henceforth worthwhile analyzing the Final Report on the [...]

The European Commission has adopted its first decisions under the Digital Markets Act (DMA), designating each of Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft as 'gatekeepers' with respect to 22 [...]

The Court of Appeal has recently determined an appeal in the FX CPO proceedings, against a first instance decision of the CAT. The proceedings arise from two Settlement Decisions of [...]

As mentioned in a last-minute entry to our June Data Wrap, on 10 July 2023, the European Commission adopted its long-awaited adequacy decision for the EU-US Data Privacy Framework ('DPF'), [...]

One of the main objectives of the Capital Markets Union ('CMU') action plan published in 2020 was to develop and promote retail investment in the EU and to make the [...]

1. Introduction On July 10, 2023, European Commission ('EC') adopted the EU-US Data Privacy Framework ('DPF') for regulating transatlantic data transfers. US and EU share an extensive trade and investment [...]

On 1 June 2023, the European Commission (EC) adopted the revised block exemption regulations on research and development (R&D BER) and specialisation agreements, as well as the revised guidelines on [...]

The European Commission has issued an adequacy decision for the EU-US Data Privacy Framework, allowing for the unrestricted flow of personal data from the EU to US companies participating in [...]

On 28 April 2023 the European Commission ('Commission') put forth a proposal (Link) to revise Directive (EU) 2015/2366 (Payment Services Directive, 'PSD2'), which was adopted on the EU level in [...]

The Commission consultation on CSRD Level 2 measures, detailing the sustainability reporting standards for in-scope companies, closed on 7 July 2023. Level 2 will be finalised in the coming months, [...]

The European Commission has adopted new horizontal guidelines for applying competition law to cooperation agreements between competitors. The horizontal guidelines will enter into force once they are published in the [...]

As of 12 October 2023, the Foreign Subsidies Regulation (FSR) will require businesses intending to undertake substantial mergers and acquisitions (M&A) or participate in major public procurement projects, to submit [...]

The European Commission's Directive on Pay Transparency Measures (the 'Directive') has been formally adopted and published. The Directive enters into force on 6 June 2023 and must be implemented into [...]

European Court of Justice ruling on Super Bock puts an end to the formalistic approach to 'by object' restriction of competition The Portuguese beer brand Super Bock had tried to [...]

On July 4 2023, the European Commission presented a Proposal for a Regulation laying down additional procedural rules relating to the enforcement of the General Data Protection Regulation (GDPR) (the [...]

Every year by the end of Spring, the EU Commission proposes country specific recommendations to the Member States as part of the European Semester. These recommendations will be later discussed [...]

On 1 July 20223 the revised Research & Development Block Exemption Regulation and Specialization Block Exemption Regulation, alongside the revised Guidelines on the applicability of Article 101 of the Treaty [...]

After undergoing an extensive three-year consultation process, the EU Commission's proposal for a regulation on plants obtained by certain new genomic techniques like CRISPR-Cas (the 'Proposal') is finally available for [...]

We are pleased to provide you with this Quarterly EU & Competition Newsletter, which summarises selected key highlights and recent developments in Finnish and EU competition law during the last [...]

On 19 June 2023, the European Commission published the Proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes (hereafter 'FASTER' or 'the Proposal'). With this [...]

Introduction The European Union's Foreign Subsidies Regulation (the FSR) entered into force on 12 January 2023 and creates a new regime aimed at combating distortions of competition on the EU [...]

On 13 June 2023, the European Commission published a draft Implementing Regulation outlining detailed rules for reporting obligations during the transitional period of the EU Carbon Border Adjustment Mechanism (CBAM), [...]

On 24 May 2023, the European Commission (the 'Commission') adopted and published its retail investment strategy ('RIS') a key tenet of its Capital Markets Union Action Plan (the 'CMU Action [...]

On 13 June the European Commission (the Commission) published a new package of measures to bolster the EU sustainable finance framework. Its aim is to: 'ensure that the EU sustainable [...]

UK CMA Blocks, EU Approves Microsoft's Proposed Acquisition of Activision Blizzard Microsoft's high-profile proposed acquisition of Activision Blizzard has been undergoing merger control review in numerous jurisdictions around the world. [...]

The European Supervisory Authorities (ESAs) have submitted final draft regulatory technical standards (RTS) to the European Commission setting out ESG disclosures for STS securitisations (both non-ABCP traditional and on-balance sheet) [...]

Digital technologies continue to transform the way creative content is produced, distributed and accessed, and one of the most affected sectors is the printed publication industry. To illustrate, the results [...]

On April 20, 2023, the European Commission adopted a new merger control simplification package to further simplify its procedures for reviewing mergers. This package is expected to bring significant benefits [...]

On 17 May 2023, the European Commission published the proposal for an ambitious and comprehensive reform of the EU Customs Union. The European Commission considers these reforms necessary to create [...]

Byline: Emily Rauhala and Beatriz Ríos BRUSSELS - The European Commission banned staffers Thursday from using the Chinese-owned social media app TikTok on their work devices over security concerns, following [...]

The EU Commission is proposing to modernise and simplify the framework for retail investment across the different sectors of the financial services industry, namely asset management, banking and insurance. On [...]

As part of its EU Retail Investment Strategy, the EU Commission is proposing targeted amendments to the PRIIPs KID aimed at improving the information disclosed within it. On 24 May [...]

On April 28, 2023, the European Commission and the European Investment Bank (EIB) announced their intention to jointly provide [euro]18 billion in funding to finance projects covering climate action, clean [...]

On April 21, 2023 the European Commission approved a [euro]401 million scheme proposed by the Czech Republic to promote green district heating from renewable energy and waste heat. The scheme [...]

Background We recently published an alert in relation to the European Commission's legislative proposals to replace the current EU regulatory framework for all medicines (including those for rare diseases and [...]

OUR INSIGHTS AT A GLANCE Following the adoption of the Council Directive on ensuring a global minimum level of taxation for multinational and large-scale domestic groups ('Pillar 2'), the European [...]

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 [...]

On 5 April 2023, the European Commission ('EC') published its long-awaited Q&A document clarifying key points relating to the Sustainable Finance Disclosure Regulation ('SFDR'), in particular regarding the definition of [...]

Introduction: the hidden cost of data In today's information-based economy, businesses increasingly find themselves transferring data containing personal information to or from vendors. As laws are enacted to control how [...]

On 22 March 2023 the European Commission published a proposal for a Directive on Green Claims affecting commercial communications that associate products/services with environmental or ecological benefits. The proposal complements [...]

To help organizations stay on top of the main developments in European digital compliance, Morrison Foerster's European Digital Regulatory Compliance team reports on some of the main topical digital regulatory [...]

From New York to London, Paris and Milan, a colour that tends to make a regular resurgence on spring and summer runways is a classic fresh green. Who could forget [...]

It has now been just over a year since the European Commission adopted its landmark proposal to introduce corporate environmental and human rights due diligence obligations. We report on how [...]

Background As readers will be aware, on 7 December 2022, the European Commission published a package of proposals seeking to develop the EU's Capital Markets Union (CMU), including a proposal [...]

UK says deal would hurt competition as US and EC investigate. Following its Phase 1 investigation, the UK Competition and Markets Authority (CMA) determined Broadcom Inc.'s acquisition of VMware, Inc., [...]

On March 14, the European Commission (EC) announced a proposal to 'revise the rules for electricity market design and for improving the EU protection against market manipulation in the wholesale [...]

On 16 March 2023, the European Commission (EU Commission) published its Critical Raw Materials Act Proposal (the Proposal). This is proposed legislation aimed at securing access for the European Union [...]

In advance of the imminent application deadline of 25 June 2023, the Irish government has initiated the Representative Actions for the Protection of the Collective Interests of Consumers Bill (Bill) [...]