Antitrust and Competition - The European Commission Opens an Investigation into Alleged Market Allocation and No-Poach Agreements in the Online Food Delivery Sector - On 23 July 2024, the Commission opened an antitrust...more
9/4/2024
/ Antitrust Investigations ,
Clean Energy ,
Energy Sector ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Economic Area (EEA) ,
No-Poaching ,
Product Labels ,
Regulatory Oversight
A new and powerful wave of “greenwashing” bans will sweep the European Union (EU) shortly. The EU’s Green Claims Directive and Greenwashing Directive (together, the Green Directives) are key legislative tools being introduced...more
8/5/2024
/ Climate Change ,
Compliance ,
Corporate Governance ,
Corporate Social Responsibility ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Greenwashing ,
Marketing ,
Member State ,
Misleading Impressions ,
Product Labels ,
Sustainability
Antitrust and Competition - The European Commission to Take Action to Address Territorial Supply Constraints - On 24 May 2024, the EU Commissioner for Competition, Margrethe Vestager, announced that the European Commission...more
7/29/2024
/ Competition ,
Cross-Border ,
Economic Sanctions ,
Electric Vehicles ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Financial Services Industry ,
Imports ,
Innovative Technology ,
Manufacturers ,
Member State ,
Non-Bank Lenders ,
Regulatory Oversight ,
Sustainability ,
Trade Relations
Antitrust and Competition - The European Commission Approves Plan to Unwind a Completed Transaction in the Early Cancer Detection Sector - On 12 April 2024, the European Commission (Commission) approved the plan to unwind a...more
6/7/2024
/ Digital Services ,
Economic Sanctions ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
EU ,
EUMR ,
European Commission ,
Financial Services Industry ,
Fossil Fuel ,
Investment ,
Member State ,
Mergers ,
Methane ,
Online Marketplace ,
Online Platforms ,
Popular ,
Retail ,
Risk Assessment ,
Risk Mitigation ,
Sustainability ,
Sustainable Business Practices
The Council of the European Union adopted a regulation on the reduction of methane emissions in the energy sector (Regulation). Methane is the second-biggest cause of climate change after carbon dioxide, and in the short term...more
6/5/2024
/ Compliance ,
Energy Sector ,
EU ,
European Commission ,
Fossil Fuel ,
Green Deal ,
Importers ,
Methane ,
New Legislation ,
Oil & Gas ,
Regulatory Oversight ,
Reporting Requirements
Antitrust and Competition - European Commission Charges Company with Providing Incorrect, Incomplete, and Misleading Information During a Merger Control Proceeding - On 19 March 2024, the European Commission (Commission) sent...more
5/17/2024
/ Animal Health ,
Biologics ,
Capital Markets ,
Competition ,
Economic Sanctions ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Financial Services Industry ,
Hazardous Substances ,
Human Rights ,
Investigations ,
Manufacturers ,
Merger Controls ,
Mergers ,
Misleading Statements ,
PFAS ,
Popular ,
Regulatory Oversight ,
Risk Assessment ,
Russia ,
Sustainability ,
Whistleblowers
Antitrust and Competition - The European Commission Fines Apple EUR 1.8 billion for Abusing Its Dominant Position in the Music Streaming Sector - On 4 March 2024, the European Commission (Commission) fined Apple EUR 1.8...more
3/29/2024
/ Anti-Competitive ,
Antitrust Provisions ,
Apple ,
Artificial Intelligence ,
Competition ,
Cyber Threats ,
Cybersecurity ,
Economic Sanctions ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Fund Managers ,
Importers ,
Investment Funds ,
Machine Learning ,
Manufacturers ,
Member State ,
Small and Medium-Sized Enterprises (SMEs) ,
Sustainability ,
Treaty on the Functioning of the European Union (TFEU)
Introduction - On 5 March, the European Commission (Commission) adopted the European Defence Industrial Strategy (EDIS) and proposed a regulation establishing the European Defence Industry Programme (EDIP)....more
Antitrust and Competition - The European Commission Carried Out Unannounced Inspections in the Tires Sector - On 30 January 2024, the Commission conducted dawn raids at the premises of several companies active in the tires...more
3/5/2024
/ Artificial Intelligence ,
Competition ,
Compliance ,
Derivatives ,
Disclosure Requirements ,
EMIR ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Forced Labor ,
Imports ,
International Labor Organization (ILO) ,
Machine Learning ,
Manufacturers ,
Regulatory Oversight ,
Risk Assessment ,
Risk Management ,
Transparency ,
Treaty on the Functioning of the European Union (TFEU)
On 24 January 2024, the European Commission (Commission) published its Economic Security Package, which introduces five new initiatives with the aim to increase the European Union’s economic security, including: The proposal...more
Antitrust and Competition - The European Court of Justice Held Rules Set by Sports Governing Bodies Must Comply With EU Competition Law - On 21 December 2023, the European Court of Justice (ECJ) held in a preliminary ruling...more
2/13/2024
/ Competition ,
Corporate Social Responsibility ,
Digital Services ,
Economic Sanctions ,
Electricity ,
Energy Sector ,
EU ,
European Commission ,
European Court of Justice (ECJ) ,
Fédération Internationale de Football Association (FIFA) ,
Financial Services Industry ,
Insurance Industry ,
Member State ,
Online Platforms ,
Penalties ,
Regulatory Requirements ,
Sports ,
Sustainability ,
Treaty on the Functioning of the European Union (TFEU)
It has been some time already since the EU Digital Services Act (Regulation 2022/2065, DSA) was published, and since then, the discussions about Very Large Online Platforms (VLOPs) and Very Large Online Search Engines...more
1/3/2024
/ Compliance ,
Data Protection ,
Digital Marketplace ,
Digital Service Providers ,
Digital Services ,
E-Commerce ,
EU ,
European Commission ,
Online Platforms ,
Regulatory Standards ,
Search Engines ,
Transparency
Introduction - The Corporate Sustainability Due Diligence Directive (CS3D or Directive) is a mandatory framework of rules for companies that operate in the European Union (EU) and exceed certain revenue and employee...more
Antitrust and Competition - European Commission Approves Consolidation in the Ground Transportation Sector Subject to Remedies - The companies are two global suppliers of signalling systems for mainline and urban railway...more
12/7/2023
/ Big Tech ,
Competition ,
Court of Justice of the European Union (CJEU) ,
Economic Sanctions ,
EU ,
European Commission ,
Financial Services Industry ,
Foreign Direct Investment ,
Foreign Investment ,
Member State ,
Online Platforms ,
Payment Systems ,
Popular ,
Public Policy ,
Railways ,
Reporting Requirements ,
Sustainability ,
Transportation Industry ,
UK Competition and Markets Authority (CMA)
Antitrust and Competition - European Commission Prohibits US$1.7 Billion Merger in Online Travel Agency Sector - On 25 September 2023, the European Commission (Commission) prohibited, under Council Regulation (EC) No 139/2004...more
10/27/2023
/ Acquisitions ,
Carbon Emissions ,
Competition ,
Digital Marketplace ,
EU ,
European Commission ,
Foreign Direct Investment ,
Member State ,
Mergers ,
Popular ,
Semiconductors ,
Supply Chain ,
Sustainability ,
Technology Sector
ANTITRUST AND COMPETITION - The European Commission’s Merger Simplification Package Enters Into Force - On 20 April 2023, the European Commission (Commission) adopted a new legislative package that entered into force on 1...more
10/2/2023
/ Antitrust Provisions ,
Competition ,
Court of Justice of the European Union (CJEU) ,
Digital Marketplace ,
Economic Sanctions ,
EU ,
European Commission ,
Financial Services Industry ,
General Data Protection Regulation (GDPR) ,
Investment Funds ,
Mergers ,
Regulatory Oversight ,
Reporting Requirements ,
Sustainability
ANTITRUST AND COMPETITION - The Court of Justice Overturns the General Court’s Judgment Annulling the European Commission’s Prohibition Decision in the Telecom Sector - On 13 July 2023, the European Court of Justice (ECJ) set...more
8/3/2023
/ Antitrust Provisions ,
Capital Markets ,
Competition ,
Economic Development ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Court of Justice (ECJ) ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Foreign Subsidies ,
Merger Controls ,
Mergers ,
Sustainable Finance ,
UK
On 14 June 2023, the European Parliament (Parliament) plenary voted on its position on the Artificial Intelligence Act (AI Act), which was adopted by a large majority, with 499 votes in favor, 28 against, and 93 abstentions....more
On 24 May 2023, the European Commission (Commission) adopted the Retail Investment Strategy as part of its 2020 capital markets union action plan. The primary objective is to reinforce investor protection within the European...more
ANTITRUST AND COMPETITION - New Dawn Raids in the Luxury and Fashion Sector in the European Union - On 18 April 2023, the European Commission (Commission) conducted unannounced inspections (i.e., dawn raids) at the premises...more
6/7/2023
/ Antitrust Provisions ,
Artificial Intelligence ,
Aviation Industry ,
Digital Services ,
Disclosure Requirements ,
Energy Sector ,
EU ,
European Commission ,
Fashion Industry ,
Machine Learning ,
Online Platforms ,
Popular ,
Retail Investors ,
Risk Management ,
Search Engines ,
Transportation Industry
In the last couple of years, the European Union has announced and adopted a wave of sustainability initiatives that will have significant implications for European and global companies across all industries. Among other...more
ANTITRUST AND COMPETITION - The European Commission Releases the Article 102 TFEU Package to Ensure Greater Legal Certainty on Exclusionary Abuses of Dominance - Article 102 of the Treaty on the Functioning of the European...more
5/8/2023
/ Antitrust Provisions ,
Competition ,
Energy Sector ,
EU ,
European Commission ,
Financial Services Industry ,
FinTech ,
Green Infrastructure ,
Member State ,
Renewable Energy ,
Sustainability ,
Treaty on the Functioning of the European Union (TFEU)
On 16 March 2023, the European Commission (Commission) published two proposals to facilitate the twin green and digital transition: a Critical Raw Materials Act (CRMA) and a Net-Zero Industry Act. The CRMA is intended to...more
Antitrust and Competition - Global Dawn Raids Signal Increased Antitrust Enforcement to Uncover Potential Cartel Behavior in the Fragrance Industry - On 7 March 2023, the European Commission (Commission), the United...more
3/31/2023
/ Antitrust Provisions ,
Competition ,
ECON ,
Energy Efficiency ,
Energy Sector ,
Enforcement Actions ,
EU ,
European Commission ,
Financial Markets ,
Greenwashing ,
Infrastructure ,
Regulatory Oversight ,
Renewable Energy
Antitrust and Competition - Consultation on the European Commission’s Proposal for a Temporary Crisis and Transition Framework - On 1 February 2023, member states of the European Union received a consultation on a draft...more
3/1/2023
/ Antitrust Provisions ,
Aviation Industry ,
Competition ,
Distributors ,
ECON ,
Energy Sector ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
Foreign Subsidies ,
Green Deal ,
Technology Sector