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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 -
DLA Piper

Navigating AI Liability Risks

DLA Piper on

Our webinar explored liability that can be incurred from the creation use or deployment of AI systems and raised some important questions around the current and future regulatory landscape applicable to AI and liability. We...more

Littler

Belgium: New Rules Apply in the Brussels Capital Region Regarding International Mobility

Littler on

The rules on the employment of third-country nationals (which apply regionally) were recently amended in the Brussels Capital Region by an ordinance issued on February 1, 2024, and its implementing decree on May 16, 2024. The...more

BCLP

The EU’s Digital Operational Resilience Act 2022/2554 (DORA)

BCLP on

Long IT sub-contracting chains can make it hard for financial institutions to understand the vulnerabilities in their IT estate and the location of key functions (where these may be located in entities who do not have a...more

Akin Gump Strauss Hauer & Feld LLP

The EU Corporate Sustainability Reporting Directive – Draft FAQs and the European Sustainability Reporting Standards

Akin Gump Strauss Hauer & Feld LLP on

The European Union (EU) Commission has published a draft set of frequently asked questions (FAQs) on the interpretation of certain provisions of the EU Corporate Sustainability Reporting Directive (CSRD) and the first set of...more

Sheppard Mullin Richter & Hampton LLP

Brazil’s Data Protection Authority Issues Rules Clarifying Data Transfers

Sheppard Mullin Richter & Hampton LLP on

Wondering what the requirements are for transferring personal information out of Brazil? Under the country’s Data Protection Law, extra-territorial transfers of personal information are regulated in much the same way as in EU...more

Walkers

Pillar Two - Global Minimum Taxation and Ireland

Walkers on

The Irish Pillar Two rules apply to in-scope entities for accounting periods commencing on or after 31 December 2023. Following the GloBE Rules and the EU's Minimum Tax Directive, the rules introduce a minimum effective tax...more

American Conference Institute (ACI)

Developments in Global Sanctions Compliance with a Focus on Russia, Belarus and China

American Conference Institute (ACI) on

Sanctions imposed by the United States, the United Kingdom, and the European Union against Russia, China, and other parts of the world are fast-evolving. Such geopolitical shifts are creating new risks and placing further...more

Bergeson & Campbell, P.C.

EC Adopts REACH Restriction for PFHxA and Related Substances

Bergeson & Campbell, P.C. on

The European Commission (EC) announced on September 19, 2024, that it adopted new measures under the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation to protect human health and the...more

Goodwin

Liquidity Management Under AIFMD2: RTS for Open-Ended Funds

Goodwin on

In our recent alert Loan Origination Under AIFMD2: A Guide, on loan origination under the revised Alternative Investment Fund Managers Directive (AIFMD2), we noted that the European Securities and Markets Authority (ESMA)...more

Conyers

Ten Things You Need To Know About… BVI Economic Substance

Conyers on

The British Virgin Islands (the BVI), along with most other major offshore jurisdictions, has introduced “economic substance” requirements for entities carrying on certain specified activities. This economic substance regime...more

White & Case LLP

High anxiety or real opportunity? Distressed M&A in Europe

White & Case LLP on

The number of distressed deals reaches record highs as challenging market conditions take their toll - European M&A saw a solid uplift in value in the first half of 2024. Western Europe saw US$390 billion of deals—a rise...more

A&O Shearman

FAQs: FCA “home visits”

A&O Shearman on

Post-pandemic most firms have settled into permanent hybrid working arrangements. Two years after the FCA published its statement reminding firms of its ability to visit “any location where work is performed […] including...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

UK Retail Workers Win Landmark Equal Pay Case

Ogletree, Deakins, Nash, Smoak & Stewart,... on

More than 3,500 workers have won a legal fight for equal pay against major UK retailer Next Retail Ltd. Following a six-year legal battle, the Employment Tribunal ruled that Next had failed to demonstrate that the lower basic...more

Jones Day

What Does a New UK Government Mean for Climate Change?

Jones Day on

On July 4, 2024, the UK general election took place, and the Labour Party won with a significant majority. After 14 years of Conservative Party rule, a number of changes are now expected in respect of the UK's position on...more

Moore & Van Allen PLLC

Foreign Institutional Investors Await Italian Government Action on Corporate Governance Reforms

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On March 27, 2024, the Italian legislature enacted reforms to attract new investors to the Italian capital markets and improve corporate governance following guidelines issued by former Prime Minister Mario Draghi’s...more

Epiq

The Sedona Conference Commentary on Proportionality in Cross-Border Discovery: A Brief Overview | Epiq

Epiq on

The Sedona Conference (TSC) and its Working Group 6 on International Electronic Information Management, Discovery, and Disclosure recently published their Commentary on Proportionality in Cross-Border Discovery (Commentary)...more

Akin Gump Strauss Hauer & Feld LLP

EU Takes Steps to Develop General Purpose AI Code of Practice

Akin Gump Strauss Hauer & Feld LLP on

Following the publication of the European Union’s Artificial Intelligence Act (AI Act or Act) on 12 July 2024, there are now a series of steps that various EU bodies need to take towards implementation. One of the first key...more

Paul Hastings LLP

Public Company Watch: September 2024

Paul Hastings LLP on

In the September edition of our Public Company Watch, we cover key issues impacting public companies, including updates regarding the most recent amendments to the Delaware General Corporate Law and the EU’s Corporate...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - September 2024 #3

Cadwalader, Wickersham & Taft LLP on

In this week’s edition, we discuss the Swiss Government’s rejection of a landmark ruling that the country had violated the human rights of a group of its citizens by failing to take adequate action on climate change; a report...more

Pillsbury - Global Sourcing Practice

United States, EU and UK Sign Treaty on the Use of Artificial Intelligence

Pillsbury - Global Sourcing Practice on

In a landmark moment for global AI governance, the United States, European Union and United Kingdom have signed the Council of Europe’s framework convention on artificial intelligence and human rights, democracy, and the rule...more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: 6 Steps to Take in 2024

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. The EU AI Act has been formally adopted and the countdown to the start of enforcement has begun. Here are six steps you can take to jump start...more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: Who and What Is Covered?

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. The EU AI Act imposes obligations on providers, importers, distributors and deployers of AI systems and General-Purpose AI Models (GPAIMs). ...more

A&O Shearman

EU Foreign Subsidy Regulation: General Court refuses to suspend EC request for mailboxes located in China

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In the context of a dawn raid under the EU Foreign Subsidy Regulation (FSR), the EU General Court (GC) has refused to suspend the European Commission (EC)’s request to access employees’ mailboxes located in China....more

A&O Shearman

Your Data Act queries answered: the European Commission publishes FAQs

A&O Shearman on

On 6 September 2024, the European Commission published a set of frequently asked questions (FAQs) on Regulation (EU) 2023/2854 on Harmonised Rules on Fair Access to and Use of Data (the Data Act). More detail can be found in...more

A&O Shearman

Zooming in on AI – #4: What is the interplay between “Deployers” and “Providers” in the EU AI Act?

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One of the key aspects of the EU AI Act (“AI Act”)[1] is linked to the qualification of providers and deployers and the nuances which help distinguish between the two categories of stakeholders. What would this mean in...more

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