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EU AI Act Compliance: 10 Key Steps for Providers and Deployers of AI Systems

The European Union’s new AI Act (the Act) went into efect on 1 August 2024. The Act is the first-ever comprehensive law focused on artifcial intelligence and machine learning (collectively, AI). The Act impacts many...more

Global Regulators Issue Joint Statement on Competition in the Generative AI Sector

The European Commission, UK Competition and Markets Authority, US Department of Justice, and US Federal Trade Commission have issued for the first time a joint statement outlining their commitment to working together to...more

The EU AI Act Is Here—With Extraterritorial Reach

Regulation almost always follows innovation, and the AI sector is no exception. The EU’s Artificial Intelligence Act is a world premiere. Published in the EU’s Official Journal on July 12 after many months of intense debate,...more

The EU AI Act is Here: 10 Key Takeaways for Business and Legal Leaders

The European Union’s new AI Act (Act) will come into effect on August 1, 2024. The Act is the world’s first comprehensive artificial intelligence and machine learning (collectively, AI) focused law. It will have a sweeping...more

EU Launches First In-Depth M&A Investigation Under Foreign Subsidies Regulation

The European Commission is inquiring into a United Arab Emirates-based company just months after its first investigations under the Foreign Subsidies Regulation of various Chinese companies participating in EU tenders....more

Corporate Sustainability Due Diligence: CS3D Adopted Against All Odds

The European Union’s controversial and intensely debated Corporate Sustainability Due Diligence Directive (commonly referred to as the CS3D) received final approval by the EU Parliament on April 24, putting an end to the...more

The Wind (Turbines) of Change: Ex Officio Investigation and Dawn Raids Are a New Double First Under the FSR

The Foreign Subsidy Regulation, which went into force on July 12, 2023, is designed to counteract distortions in the European Union’s internal market attributable to financial subsidies given to companies doing business in...more

EU Launches Two More In-Depth Investigations Under Foreign Subsidies Regulation

Just months after its first investigation under the Foreign Subsidies Regulation of Chinese train maker CRRC Corp. (see our LawFlash here), the European Commission has targeted two more companies participating in an EU...more

Sports and EU Law: Madrid Commercial Court to Hear Arguments in European Super League Case

On March 14, 2024, the Madrid Commercial Court will hear the parties’ arguments in the ongoing European Super League (ESL) case following the December 2023 judgment of the Court of Justice of the European Union (CJEU). The...more

EU Launches First In-Depth Investigation Under Foreign Subsidies Regulation

The European Commission launched its first investigation under the Foreign Subsidies Regulation against a Chinese company participating in an EU tender. On February 16, 2024, the European Commission (EC) launched its first...more

EU Foreign Subsidies Regulation: is Your Company Ready?

As of October 12, 2023, notification obligations under the European Union’s (EU’s) groundbreaking Foreign Subsidies Regulation No. 2022/2560 (FSR) have started to apply, with wide-ranging implications for businesses operating...more

New EU Package of Measures Aims to Simplify Merger Review Process

The European Commission (EC) recently adopted a package of measures with the aim of further simplifying its procedures for reviewing concentrations under the EU Merger Regulation (EUMR). The new rules entered into force on...more

Dawn Raid Golden Rules

Don’t obstruct: Be professional and cooperative. Don’t destroy documents or other evidence. Call counsel immediately to protect your rights. Keep a record of what is searched, what is taken, who was involved in...more

Digital Markets: Closing the Regulatory Gap on All Fronts?

The European Commission is opening multiple fronts to adapt and increase regulatory oversight of digital players in the EU Internal Market. At the same time, EU member states such as Germany and France on the one hand, as...more

European Union Moves Toward New Framework for Foreign Subsidies Control

The European Commission has published a White Paper proposing to grant the Commission new enforcement powers to address competition distortions caused by companies operating in, or entering into, the European Union’s Internal...more

Competition Authority Merger Filing Status During COVID-19 (UPDATED)

As governments around the world work to stem the coronavirus (COVID-19) pandemic, merger control authorities in jurisdictions around the globe are adapting their operations and procedures. ...more

Towards a New EU ‘Anti-Subsidy Tool?’

The European Commission (EC) is currently working on legislative proposals (the White Paper) that would grant the EC new enforcement powers to address potential competition distortions caused by companies operating in or...more

COVID-19: The Return of the ‘Comfort Letter’

The European Commission published its first comfort letter in nearly 20 years on April 29, in an effort to foster cooperation among businesses during the coronavirus (COVID-19) pandemic. ...more

COVID-19: EU Issues Temporary Business Cooperation Framework and First ‘Comfort Letter’ in Almost 20 Years

The European Commission has provided antitrust guidance to companies cooperating in response to urgent coronavirus (COVID-19) related matters, particularly in the health sector for critical hospital medicines and medical...more

Competition Authority Merger Filing Status During COVID-19

As governments around the world work to stem the coronavirus (COVID-19) pandemic, merger control authorities in jurisdictions around the globe are adapting their operations and procedures. ...more

EU Adopts First Foreign Direct Investment Regulation

The European Parliament adopted a new regulation on March 19 establishing a bloc-wide framework for the screening by EU member states of foreign direct investment (FDI) into the European Union (the FDI Regulation). The FDI...more

Tackling Nonperforming Loans in Europe

Challenges and recent developments regarding NPLs and the role of EU state aid rules. More than one trillion euros’ worth of nonperforming loans (NPLs) are concentrated in the periphery of the European Union, with banking...more

European Antitrust Merger Enforcement Update

A primer on avoiding procedural breaches in EU Merger Control. The European Commission (Commission) is cracking down on parties that break procedural rules in transactions subject to European Union (EU) merger control. A...more

European Life Sciences Review: Issue 3

Welcome to the third issue of our European Life Sciences Review that covers some of the most critical developments in the pharmaceutical and medical technology sectors in the last month and is produced by our life sciences...more

European Life Sciences Review: Issue 2

Welcome to the second issue of our EU life sciences alerter that covers some of the most critical developments in the pharmaceutical and medical technology sectors in the last month and is produced by our life sciences...more

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