On June 24, 2024, the European Union adopted its 14th sanctions package (implemented by EU Regulations 2024/1745 and 2024/1739). While the focus of this package was to curb the violation and circumvention of sanctions through...more
7/8/2024
/ Asset Freeze ,
Divestment ,
Energy Sector ,
Enforcement ,
EU ,
Exports ,
Financial Services Industry ,
Russia ,
Sanctions ,
Transportation Industry ,
UK ,
Ukraine
From June 20, 2024, EU companies with a presence in Russia will no longer be able to rely on the “partner countries” exemption and will be required to obtain, or rely on, a licence to provide business services and/or software...more
6/7/2024
/ Economic Sanctions ,
EU ,
France ,
General Licenses ,
Germany ,
Italy ,
Member State ,
Russia ,
Sanctions ,
Technology Sector ,
UK ,
Ukraine
The European Union and the United Kingdom continue to tighten sanctions against Russia, particularly in the wake of the second anniversary of Russia’s invasion of Ukraine and the sudden death of Russian opposition leader...more
4/8/2024
/ Asset Freeze ,
Economic Sanctions ,
EU ,
Foreign Policy ,
Imports ,
International Trade ,
Popular ,
Russia ,
Sanctions ,
UK ,
Ukraine
In this dynamic global landscape, investors have always been required to make savvy, smart choices. This requires navigating through the intricate web of bilateral treaty protection, exploring the vital role these agreements...more
12/20/2023
/ Acquisitions ,
Bilateral Investment Treaties ,
Buyers ,
Carve Out Provisions ,
Cross-Border Transactions ,
Energy Sector ,
EU ,
Financial Regulatory Reform ,
Foreign Investment ,
Foreign Subsidiaries ,
Foreign Subsidies ,
Healthcare ,
Hedging ,
International Trade ,
Investment ,
Investors ,
Jurisdiction ,
Life Sciences ,
Mergers ,
Regulatory Agenda ,
Sellers ,
Sports ,
Technology Sector ,
UK
A recent decision from the European Court of Justice (ruling C-106/22) has significant impact on EU foreign investment screening mechanisms....more
On February 8, 2023, the French Senate voted for the adoption of the Renewable Energy Acceleration Bill (Projet de loi relatif à l’accélération de la production d’énergies renouvelables) which was first introduced in...more
On 9 September 2022, the Foreign Direct Investment Office of the Ministry of Economy (the FDI Office) issued guidelines on foreign investment control....more
The Russian invasion of Ukraine has triggered swift international retribution. Global powers—including the European Union (EU), the United Kingdom (UK) and the United States (US)—have announced sanctions as the crisis in...more
2/25/2022
/ Asset Freeze ,
Cyber Attacks ,
Economic Sanctions ,
EU ,
European Commission ,
Executive Orders ,
General Licenses ,
Human Rights ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Trade Bans ,
UK ,
Ukraine
Exploring Similarities and Differences -
Fifth-generation technology, known as “5G,” is causing unprecedented upheaval in the telecommunications landscape in France and around the world. Faced with this revolution, and the...more
Since it first went into force in 2009, the European Union’s regulation on the export control of dual-use items has undergone several updates to account for emerging technological and other challenges, including cybersecurity...more
After reinforcing its control over foreign direct investments over the past year, the European Commission adopted on 5 May 2021 a draft regulation that aims to close a regulatory loophole by addressing distortions of...more
On 15 December 2020, the French administrative court specified who bears the responsibility to prove that two plant protection products are deemed identical, even in their packaging boxes, in the context of submitting an...more
2/10/2021
/ Biocides ,
Burden of Proof ,
EU ,
Food Products . ,
France ,
Hungary ,
International Trade ,
Permits ,
Plant Protection Act ,
Product Packaging ,
UK
The Legal Impact in Europe on Pharmaceutical and Medical Device Companies -
The current crisis mode has triggered legal and commercial issues that affect the pharmaceutical and medical device industry across...more
5/27/2020
/ Coronavirus/COVID-19 ,
Cybersecurity ,
Data Protection ,
EU ,
European Commission ,
European Competition Network (ECN) ,
Exports ,
Force Majeure Clause ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Imports ,
Intellectual Property Protection ,
Manufacturers ,
Medical Devices ,
Pharmaceutical Industry ,
Remote Working ,
UK ,
Wine & Alcohol
The Conseil d’Etat recently ruled on disclosure requirements for transactions by foreign investment funds. In a separate case, the French Ministry of Finance issued a verbal notice rejecting a US company’s proposed...more
On 19 March 2020, the European Commission adopted a temporary framework that allows Member States to grant certain State aid to businesses to help them face the economic and financial consequences of the Coronavirus...more
3/27/2020
/ Coronavirus/COVID-19 ,
EU ,
European Commission ,
Federal Funding ,
Federal Loans ,
France ,
Member State ,
Relief Measures ,
Small and Medium-Sized Enterprises (SMEs) ,
State Aid ,
Treaty on the Functioning of the European Union (TFEU)
The EU Medical Device Regulation goes into application on 26 May 2020, with the In Vitro Diagnostic Medical Device Regulation set to follow on 26 May 2022. These new Regulations bring sweeping changes to the market clearance...more
2/3/2020
/ Cybersecurity ,
EU ,
EU Directive ,
Information Technology ,
Life Sciences ,
Medical Devices ,
New Regulations ,
Pharmaceutical Industry ,
Popular ,
Regulatory Standards ,
Risk Assessment ,
Software
Dated 31 December 2019, the legislation updates and elucidates the process for obtaining foreign investment authorisations in France. The new provisions go into effect on 1 April 2020....more
A new legislative bill, known as the “Plan d’action pour la croissance et la transformation des entreprises” (Action plan for company growth and transformation - the PACTE bill), is currently under discussion in the French...more
McDermott's EU Competition Annual Review summarizes key developments in the EU competition rules. During the previous year, several new regulations, notices and guidelines were issued by the European Commission. There were...more
Enforceable in all EU member states on 25 May 2018, the General Data Privacy Regulation will require action by organisations both inside and outside the European Union to ensure compliance with this far-reaching privacy legal...more
In Depth -
UK Withdrawal Process -
The United Kingdom will continue to be an EU member until procedures are completed for exiting the European Union, which is likely to be a long process. Under EU Treaty rules,...more
7/8/2016
/ Alternative Investment Fund Managers Directive (AIFMD) ,
BEPS ,
Counterparties ,
Energy Sector ,
EU ,
EU Passport ,
EU Single Market ,
European Commission ,
European Economic Area (EEA) ,
European Union Trade Mark (EUTM) ,
Financial Institutions ,
Force Majeure Clause ,
Free Trade Agreements ,
Global Marketplace ,
Intellectual Property Protection ,
Member State ,
Mergers ,
MiFID II ,
One-Stop Shop ,
Pharmaceutical Industry ,
Popular ,
Private Equity ,
Referendums ,
Renewable Energy ,
State Aid ,
Takeovers ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA) ,
Unitary Patent ,
Value-Added Tax (VAT) ,
Withholding Tax ,
WTO
Law no. 2011-2012 of 29 December 2011, also known as the French Sunshine Act, introduced into French law disclosure obligations imposed on health care companies (HCC). The French Medical Board and a nonprofit organisation...more
In This Issue:
- Regulatory Authorities
- Energy
- Public Economy Law
- Contracts
- Public Health
- Comparative Law
- Excerpt from Regulatory Authorities:
French...more
In This Issue:
- Regulatory Authorities
- Energy
- Public Economy Law
- State Aid
- Contract
- Public Health
- In Brief
- Excerpt from Regulatory Authorities:
French Competition...more
After World War II, works of art suspected of having been stolen by the Nazis were listed on a special registry called the Musées Nationaux Récupération (MNR registry), and stored in French museums until they could be...more