European Commission

News & Analysis as of

European Commission Proposes an Anti-Tax Avoidance Directive

The proposed Council Directive marks another, significant, though likely problematic, step towards tackling tax avoidance across Member States. Background - The European Commission (the Commission) has been moving...more

EU-US Data Transfer Privacy Shield: Political Agreement Achieved Regarding “Safe Harbor 2.0”

Significant uncertainty and concern regarding US companies’ ability to process and use personal data received from the EU has loomed since the October 2015 decision by Europe’s highest court invalidating the EU-US Safe...more

Prospectus Directive: The Commission’s Proposal for a New Prospectus Regulation

The European Commission, as part of its Capital Markets Union action plan and its commitment to simplify and harmonize EU laws, on November 30, 2015 adopted a proposal for a new prospectus regulation, intended to replace the...more

Proposal of EU-US Privacy Shield Leaves Businesses in State of Uncertainty

Earlier this week, the European Commission announced that a “political” agreement has been reached on a new framework for data flows from the EU to the US. The announcement highlights a few changes from the old Safe Harbor...more

Safe Harbor is dead, long live Safe Harbor!

News broke late February 2, 2016 that the United States and the European Union Commission have agreed upon a revised and updated version of the U.S.-EU Safe Harbor, providing a new framework for transfers of personal data...more

Safe Harbor 2.0 Agreement Reached; New Program to be Named “Privacy Shield”

On February 2, 2016, the European Commission announced that EU and US officials had reached an agreement to implement a program known as the EU-US Privacy Shield. Privacy Shield is designed to be the successor to the Safe...more

Tentative Agreement on New “Privacy Shield” Framework for Transatlantic Data Flows Reached

On February 2, the United States and the European Commission reached tentative agreement on a new framework for the transfer of personal data between the European Union and the United States called the EU-U.S. Privacy Shield....more

US and EU Reach a Deal to Save Safe Harbor

United States and European Union officials have reached a last-minute agreement in an attempt to salvage the US-EU Data Transfer Safe Harbor, nearly four months after the European Court of Justice issued an opinion...more

EU and U.S. Reach Deal on Safe Harbor for Trans-Atlantic Data Transfers

On February 2, 2016, the European Commission announced that the U.S. and European Union have reached a deal on a new Safe Harbor to replace the old Safe Harbor program that was struck down by the European Court of Justice on...more

EU-US Privacy Shield to Replace Safe Harbor

A new personal data transfer agreement was announced on February 3, 2016 between EU and US authorities: the EU-US Privacy Shield will replace the invalidated Safe Harbor programme. Since the landmark decision of the...more

Prospectus Directive: The Commission’s Proposal for a New Prospectus Regulation

The European Commission, as part of its Capital Markets Union action plan and its commitment to simplify and harmonize EU laws, on November 30, 2015 adopted a proposal for a new prospectus regulation, intended to replace the...more

There's Light at the End of the EU Safe Harbor Tunnel, and It's (Probably) Not an Oncoming Train - M&E Alert

It’s been four long and confusing months since the European Court of Justice (“ECJ”) invalidated the EU-US Safe Harbor Framework on which so many companies relied for transferring data out of the EU and Switzerland and,...more

Alert: What's In A Name? Privacy Shield Replaces Safe Harbor

Until its invalidation in October last year, many businesses relied on the EU-US Safe Harbor framework as a safe passage for transatlantic data flow. After months of negotiating, a new deal has been reached, renamed the...more

Safe Harbor 2.0 Is Here: The Privacy Shield

Two days after the deadline passed for reaching a new data-transfer agreement to replace the U.S.-EU Safe Harbor, the European Commission announced a forthcoming new framework, the Privacy Shield, designed to continue...more

Safe Harbor re-launched as the "EU-U.S. Privacy Shield" – but doubts are already raised that it will live to survive a battle

Following speculation that protracted negotiations had been in vain, an agreement on Safe Harbor has apparently been reached. Dubbed the “EU-U.S. Privacy Shield”, the regime will, subject to approval processes, replace the...more

Political Agreement Reached on US-EU Safe Harbor; Details “Hazy”

According to press reports, European Union and U.S. negotiators in Brussels finalized what is being called a “political agreement” on a new Safe Harbor transatlantic data transfer agreement. European Union justice...more

MLD4: Here at Last: What does it Mean?

After many years of negotiation, the fourth Money Laundering Directive (MLD4) and the accompanying revised Funds Transfer Regulation (FTR2) were adopted in May 2015 and made it into the Official Journal of the EU a month...more

Farewell ‘Safe Harbor,’ Hello ‘Privacy Shield’: Europe and U.S. Agree on New Rules for Transatlantic Data Transfer

After intense negotiations, and after the official deadline had passed on Sunday, 31 January 2016, the United States and the European Union have finally agreed on a new set of rules—the “EU-U.S. Privacy Shield”—for data...more

EU Commission and United States agree on new framework for transatlantic data flows: EU-US Privacy Shield

What follows below is the EU’s press release regarding the agreement on a replacement for the EU-US Safe Harbor. We are working to get details and will schedule a webinar on the new framework shortly....more

EU Commission and United States Agree on New “Privacy Shield” for Trans-Atlantic Data Flow

U.S. and European Commission officials announced on Tuesday that they have reached an agreement in principle on a new EU-U.S. Privacy Shield to permit the flow of data between Europe and the United States. The new deal...more

European Life Sciences Review: Issue 1

Welcome to the first issue of our EU Life Sciences Review . It is produced by our life sciences lawyers in London, Brussels, Frankfurt, Moscow, and Paris and covers some of the most critical developments in the pharmaceutical...more

European Competition Law Newsletter – February 2016

First Fast-Track Competition Claim at UK Competition Appeal Tribunal - On 17 December 2015, the first fast-track competition claim was filed before the UK Competition Appeal Tribunal (CAT) under new rules brought into...more

EU-US Privacy Shield Announced

Today, political agreement has been reached on the new solution to replace the Safe Harbor regime, the so-called “EU-US Privacy Shield”. The College of Commissioners have approved the new framework which, according to the...more

European Commission releases anti-tax-avoidance package – practical takeaways

The European Commission has released its highly anticipated anti-tax-avoidance (ATA) package. The package, released January 28, 2016, contains proposed rules and recommendations to avoid aggressive tax planning within...more

No deal yet on Safe Harbor 2.0!

‘Hot off the press’ as Commissioner Jourova continues to give her statement to the European Parliament: there is no deal yet on Safe Harbor 2.0.  The Commissioner outlined the current state of play on the key...more

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