The EU’s 14th “package” of sanctions against Russia introduces anti-circumvention measures targeting the non-EU subsidiaries of EU entities and creates new restrictions, including on LNG.
This Client Alert is published in...more
On 5 July 2024, the final text of the Corporate Sustainability Due Diligence Directive (CSDDD) was entered into the Official Journal of the EU. The CSDDD will enter force on 25 July 2024. This marks the final key step in the...more
7/15/2024
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
EU Directive ,
Member State ,
Reporting Requirements ,
Supply Chain ,
Sustainability ,
Sustainable Business Practices
The criminal liability of the absorbed company is transferred to the absorbing company, regardless of the corporate form of the company involved in the merger by absorption.
In a ruling handed down on May 22, 2024, 1 the...more
The new Directive (EU) 2024/1226 defines criminal offences and penalties for breaches of EU sanctions. This Client Alert summarises key provisions and implications for businesses.
This Client Alert is published in the...more
The UK’s latest sanctions affect multiple areas and actors, including Turkish, Chinese, and Dubai-based entities alleged to support Russian military activities.
This Client Alert is published in the context of ongoing...more
The EU’s 12th and 13th “packages” of sanctions on Russia cancel a significant exemption, ban the provision of certain software systems, and impose multiple other measures.
This Client Alert is published in the context of...more
4/26/2024
/ Economic Sanctions ,
Enterprise Management Incentive (EMI) ,
EU ,
European Economic Area (EEA) ,
Exports ,
Foreign Nationals ,
Imports ,
Professional Services Contract ,
Russia ,
SaaS ,
Technology Sector
Two decisions handed down in quick succession by the Paris and Toulouse Courts of Appeal highlight the complex interplay between interests at stake in each case.
Both of the judicial decisions in question concerned...more
Amid the continued expansion of the right to evidence, the court reversed its previous position that evidence obtained through unfair methods was inadmissible.
When asked to re-examine the relationship between the right...more
The Paris Judicial Court handed down the first ruling on the legal compliance of a vigilance plan.
On 15 January 2024, the Paris Court of Appeal announced the creation of a chamber dedicated to emerging litigation, in...more
As the first EU country to transpose the CSRD into national law, France will gradually replace the EFPD with sustainability reporting under the new directive.
The Corporate Sustainability Reporting Directive (the CSRD)...more
The new measures bar the import of iron or steel products processed in countries other than Russia but incorporating Russian-origin iron or steel components. The measures form part of a series of significant sanctions updates...more
The French High Authority for Transparency in Public Life aims to clarify the system for lobbyists and provide a more accurate view of lobbying activity, in order to enable further structural changes.
On July 3, 2023, the...more
New measures expand existing sanctions and export controls, including by restricting medical item exports and targeting Russia’s architecture and engineering sectors.
This Client Alert is published in the context of...more
New announcements and rules expand the scope of existing sanctions and export controls on Russia.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham’s...more
3/16/2023
/ Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Embargo ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
General Licenses ,
Infrastructure ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Pipelines ,
Russia ,
SDN List ,
Ukraine
The guidelines provide useful insights into the mechanism of settlement agreements in criminal cases, and supersede previous guidelines published on June 26, 2019.
Article 22 of Law No. 2016-1691 of December 9, 2016...more
2/9/2023
/ Civil Monetary Penalty ,
Corporate Crimes ,
Corruption ,
Criminal Prosecution ,
Deferred Prosecution Agreements ,
Enforcement Actions ,
Environmental Violations ,
France ,
New Guidance ,
Settlement Agreements ,
Tax Evasion ,
White Collar Crimes
The price cap operates as an exemption to the ban on transportation of Russian seaborne crude oil to other countries.
This Client Alert is published in the context of ongoing developments and should be read in conjunction...more
12/12/2022
/ Crude Oil ,
Economic Sanctions ,
EU ,
G7 ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Russia ,
Safe Harbors ,
UK ,
Ukraine
Companies operating in France should implement or adapt their reporting mechanisms to comply with the new requirements.
On 1 September 2022, new protections for whistleblowers in France entered into force. The protections...more
The EU has issued its eighth “package” of sanctions measures on Russia. Meanwhile, US agencies have issued guidance on “secondary” sanctions enforcement, designated additional SDNs, and restricted further exports to Russia —...more
10/12/2022
/ Asset Freeze ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
Foreign Policy ,
Foreign Relations ,
Imports ,
Military Conflict ,
Oil & Gas ,
Russia ,
SDN List ,
State-Owned Enterprises ,
Ukraine
Various sanctions may apply against DASPs and token issuers that operate in France in contravention of applicable rules.
France was a pioneer in establishing a legal framework for the regulation of digital assets and...more
The EU’s “maintenance and alignment” sanctions target additional Russian persons, enhance existing sanctions, and implement new prohibitions - including on the import of Russian gold.
This Client Alert is published in the...more
The ban hits new investment in Russia and certain professional services, while also restricting imports of Russian oil, coal, and gold and exports of key industrial goods.
This Client Alert is published in the context of...more
The new measures against Russia’s ally largely parallel the UK’s sanctions against Russia itself.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with Latham’s...more
The measures prohibit gold imports and add new SDN, Entity List, and asset freeze designations.
This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham &...more
7/5/2022
/ Asset Freeze ,
Belarus ,
Belarus Sanctions ,
Biden Administration ,
Economic Sanctions ,
Export Controls ,
General Licenses ,
Japan ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Trade Restrictions ,
UK ,
Ukraine
In our 11th year of writing and publishing The Energy Regulation and Markets Review, the most pressing global concerns are inflation, supply chain concerns, the Ukraine war and continuing effects from the covid-19 pandemic....more
6/24/2022
/ Climate Change ,
Commodities ,
Energy Market ,
Energy Sector ,
Environmental Policies ,
EU ,
Infrastructure ,
Nuclear Power ,
Oil & Gas ,
Paris Agreement ,
Regulatory Requirements ,
Renewable Energy ,
Russia ,
Technology ,
Transmission Planning ,
Ukraine
A new decree and a ministerial order strengthen cooperation between French ministries, reflecting the government’s desire to monitor more closely certain foreign discovery requests.
Overview -
Originally enacted in...more