European Union

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... more +
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 -
News & Analysis as of

Article 29 Working Party Discusses the Right to be Forgotten

On 18 September 2014, the European Union’s Article 29 Data Protection Working Party published a press release outlining its recent plenary session discussions on the so-called “right to be forgotten” or “de-listed.”...more

ICA approves commitments in relation to the supermarket alliance

On 4 December 2013 the Italian Competition Authority (ICA) opened an investigation into one of the Italian largest joint purchasing groups, Centrale Italiana....more

Misleading and aggressive commercial practices: new rights of consumer redress

Executive summary: ..From 1 October 2014, consumers will have a new right of direct action against traders who engage in misleading or aggressive commercial practices...more

JRC Report Assesses Experiences with the EC Recommendation on the Definition of Nanomaterial

The European Commission’s (EC) Joint Research Center (JRC) has published a report entitled Towards a review of the EC Recommendation for a definition of the term “nanomaterial” -- Part 2: Assessment of collected information...more

Update on ESMA Clearing Obligations for Credit Default Swaps

On September 24, the European Securities and Markets Authority (ESMA) published on its website the public responses to its Consultation Paper on the draft regulatory standards (RTS) for Clearing Obligation No. 2 concerning...more

Financial Regulatory Developments Focus - October 2014

In this issue: - Derivatives - Bank Prudential Regulation & Regulatory Capital - Recovery & Resolution - Financial Market Infrastructure - Funds - Enforcement - People...more

Class Actions Enter into Force in France as of 1st October 2014

The French Government decree allows accredited consumer associations to launch class actions. On 24 September 2014, the French Government enacted a decree implementing the class action mechanism created by the “Loi...more

Carbon Matters - Autumn 2014 (Global)

IN THIS ISSUE: - EU Emissions Trading System Update - New Energy Savings Opportunity Scheme. Do You Need To Comply? - EU Bio Fuels Agreement Reached - Underground Drilling Access: Consultation And Fracking...more

Privacy & Cybersecurity Update - September 2014

In This Issue: - Home Depot Data Breach — Lawsuits, Calls to Action and Lessons Learned - Skadden Participates in FBI Cyber-Intelligence Workshop - FTC Explores Impact of ‘Big Data’ on American...more

Employment Law in Switzerland

Switzerland is a democratic country with a population of almost 8 million people, located in the heart of Europe and comprised of 26 cantons, also known as districts, that operate utilizing three official languages: French,...more

FIFA to ban third-party ownership of players.

Following a meeting of the FIFA Executive Committee on 26 September 2014, FIFA President Sepp Blatter has confirmed that the controversial practice of third-party ownership of players will be banned in future....more

EC publishes Standardisation Guidelines for cloud sector

In November 2012, the European Commission published a Communication on Cloud Computing intended to ‘unleash the potential of cloud computing in Europe.’ Twenty months later, the Commission has begun to deliver on its key...more

Basel III Framework: Liquidity Coverage Ratio (US Implementation)

The three US bank regulatory agencies issued a final regulation implementing the Basel III Liquidity Coverage Ratio (LCR) which requires banking organizations to maintain a minimum amount of liquid assets in order to meet...more

Achieving Justice And Human Rights In An Era Of Climate Disruption – New IBA Report

On 22 September 2014, the International Bar’s Association task force on Climate Change Justice and Human Rights released its new report Achieving Justice and Human Rights in an Era of Climate Disruption in the wake of the UN...more

Belgium: Gaming Commission calls for blacklisting of free gambling apps

In today’s Belgian national media, the Belgian Gaming Commission has pleaded to restrict the offering of free gambling applications (“apps”) which allow persons to gamble for free on their mobile device. The Commission for...more

Supreme Court Considers Whether A Bribe Or Secret Commission Received By An Agent Is The Property Of The Principal

In HR European Ventures LLP & ors v Cedar Capital Partners LLC [2014] UKSC 45, 16 July 2014, the Supreme Court held that bribes and secret commissions, received by an agent, should be treated as the property of the principal...more

Orrick's Financial Industry Week in Review

ESAs' Joint Committee Publishes Report on Risks and Vulnerabilities in the EU Financial System - On September 22, the Joint Committee of the European Supervisory Authorities (ESAs) published its bi-annual report on the...more

U.S. Treasury Department Takes Action to Slow (But Not Stop) Corporate Inversions: A Summary for Executives

What is an inversion? An inversion is a transaction that results in an existing U.S. company becoming a foreign company or becoming a subsidiary of a foreign parent. Historically, inversions involved U.S. companies...more

EU court validates Danish online gaming regime

The EU General Court upheld the Danish gambling regime providing for a different tax treatment between online gaming and land based gaming putting an end to a long legal battle that had side effects also in other...more

Decree “Sblocca Italia”: News On The Matter Of Lease

Following its publication in the Official Gazette on September 13, 2014, the Law Decree September 12, 2014 no. 133 “Urgent actions for the opening of construction sites, the realization of public infrastructures, the digital...more

United States to Develop National Action Plan on Responsible Business Conduct

On September 24, at a meeting of the Open Government Partnership at the United Nations, President Obama announced that the U.S. Government would develop a national action plan to promote responsible business conduct. The...more

Netherlands: Games of Chance Authority prepares a directive on promotional games of chance

Recently, the Dutch Games of Chance Authority (“KSA”) approached several parties to provide input for the identification of existing uncertainties in the Code of Conduct for Promotional Games of Chance (“Code”). In reply to...more

Procurement Pulse - September 2014

For some time now, Procurement Pulse has been tracking the development of the 2014 EU procurement directives. They came into force on 17 April 2014, and EU member states have until 17 April 2016 to implement them into...more

How EU data protection laws impact cross-border FCPA investigations

EU data protection laws apply to "personal data" in the broadest sense. For instance, a business email sent by an employee from the office constitutes "personal data" as long as the email directly or indirectly identifies an...more

VAT Alert: Cross-Border Supplies Of Services Made To VAT Grouped Branches: Skandia America Corp. (USA), filial Sverige (C-7/13)

For VAT purposes, a supply of services from the headquarters of a company to its branch is generally not subject to VAT. This is well-established, and was confirmed in the Court of Justice of the European Union (the "Court of...more

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