News & Analysis as of September 25, 2024

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

EU Council Agrees on Final Anti Tax Avoidance Directive

Proskauer - Tax Talks on 6/24/2016

We wrote in February (European Commission Publishes Anti Tax Avoidance Package) about the draft EU Anti Tax Avoidance Directive (“ATAD”). On 21st June 2016, the EU Council agreed on the final text of the ATAD and it will...more

European Parliament Adopts Final Text of Benchmark Regulation

Orrick - Finance 20/20 on 5/13/2016

On May 3, 2016, the Council of the EU published the text of the proposed Regulation on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds (Benchmark...more

EU Data Protection Regulation – Did you know there’s an app for that?

Mintz - Privacy & Cybersecurity Viewpoints on 8/6/2015

As EU data protection watchers know, the draft General Data Protection Regulation (which has been around long enough to be universally referred to by its acronym, GDPR) exists in three major versions, with a fourth version...more

AIFMD: ESMA Recommends the First Wave of Non-EU Countries to Obtain a Europe-Wide Marketing Passport

Foley Hoag LLP on 8/5/2015

On July 30, 2015, the European Securities and Markets Authority (ESMA) released its advice to the European Parliament, Council of the European Union and the European Commission on the application of the passport to non-EU...more

EU Data Privacy Updates

Proskauer - Privacy & Cybersecurity on 6/24/2015

A brief rundown of developments in recent weeks in the area of EU data protection law: - EU Data Protection Regulation - On Monday, June 15, the EU Council (comprised, for purposes of data protection reform, of...more

EU Reaches Milestone Towards the Adoption of Revised Data Protection Framework

Wilson Sonsini Goodrich & Rosati on 6/16/2015

On June 15, 2015, the Ministers of Justice of all 28 European Union member states, sitting as the Council of the EU (Council), reached a crucial agreement for the future EU data protection legal framework. Much work still...more

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