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The EU proposes to ban Russian gas

In accordance with the EU’s plan to achieve full energy independence from Russia, the European Commission (“Commission”) has, on May 6, 2025, unveiled the Repower Roadmap.1Under the terms of this proposal, imports of Russian...more

Widening the sanctions net in uncertain times: latest developments in the U.S., EU, and U.K.'s sanctions targeting Russia

In the context of the third anniversary of Russia’s invasion of Ukraine, the U.S., EU, and U.K. continue to implement new measures to stifle Russia’s war efforts. The Biden administration continued to escalate sanctions...more

EU Omnibus and the CSRD – Ten burning questions on the Commission’s proposals

The European Commission formally adopted its proposals for amending the Corporate Sustainability Reporting Directive (“CSRD”) in late February 2025, as part of its highly anticipated sustainability Omnibus package. In this...more

Foreign investment control regimes reach far and hit hard

Foreign investment (FDI) screening regimes continued to present challenges for dealmakers. We saw tough intervention in key jurisdictions. New and expanding rules added to regulatory burden. Overall, most deals are cleared...more

Carbon fraud is on the rise—but so is the regulatory counteroffensive

At COP29 in Baku, new rules were adopted for carbon markets under Article 6 of the Paris Agreement. These rules are meant to increase the transparency of the country-to-country trading of carbon credits under Article 6.2....more

The Simplification Revolution and the Omnibus: What’s Next for EU Sustainability Reporting and Disclosure?

More competitiveness, more coherence and less administrative burden – these are key political priorities for the new European Commission (the Commission) which took office last December. One of the earliest moves under the...more

The EU Corporate Sustainability Due Diligence Directive is final: how can companies prepare?

This is an update to previous bulletins on the Corporate Sustainability Due Diligence Directive (CS3D) which we published in June and September 2024. In a decisive move that marks a new chapter for corporate...more

Key biodiversity developments and COP16

In this article, we provide an overview of country-led and private sector-driven key developments surrounding the recent United Nations Biodiversity Conference (COP16). The world is progressively recognizing that biodiversity...more

New York Climate Week: TFMR event explores perspectives on accelerating decarbonization

We were delighted to host the U.K. Transition Finance Market Review’s (TFMR) flagship event at New York Climate Week, in partnership with the City of London Corporation who host the TFMR secretariat. The session offered a...more

Increased Focus on Forced Labor in the US and EU

U.S. Customs authorities impounded thousands of vehicles, showing risks to imports linked to forced labor. The U.S. government detained thousands of luxury vehicles deemed to contain a small electronic component sourced from...more

Will sustainability reporting and disclosure requirements improve ESG and financial performance?

Sustainability reporting and disclosure can bring many benefits, including greater transparency and increased accountability. But unless coupled with, and closely tied to, the implementation of a clear business strategy for...more

Delivering Net Zero by 2050: the $200 trillion opportunity

Until now, however, no comprehensive estimate existed of the of that opportunity, (or, to put it another way, the size of the financing gap between committed spending and the investment needed to deliver Net Zero by 2050...more

Greenwashing in sustainable finance – key takeaways from EU developments

There are useful takeaways for EU and non-EU firms arising from the European Supervisory Authorities’ (ESA) latest thinking on greenwashing. In June 2023, the ESAs issued progress reports examining greenwashing risks and...more

Global sanctions on Russia accelerate focusing on sanctions circumvention and Russia responds

G7 governments continue to seek ways to increase the effectiveness of their sanctions on Russia by clamping down on sanctions circumvention....more

European Commission draft EU climate law key part of wider Green Deal.

On 4 March 2020, the European Commission (the Commission) published a draft EU climate law, along with inception impact assessments for an EU carbon border adjustment mechanism and revisions to the Energy Taxation Directive....more

Consultation on update of the Commission’s “Blue Guide” on EU product rules

The European Commission has invited stakeholders to comment on issues that should be included in the next update of the Blue Guide on the implementation of EU product rules (the Blue Guide). The invitation can be found here....more

1/15/2020  /  EU , EU Directive , European Commission

Vienna Deal Brings Iran In From The Cold

After months of wrangling, a deal has finally been reached allowing Iran to develop a peaceful domestic nuclear programme with the lifting of economic and financial sanctions.This is on the strict proviso that Iran does not...more

New EU sanctions in relation to Ukraine

On July 18, 2014, the European Council adopted Regulation (EU) No 783/20141 which expanded the scope of individuals, entities and bodies who could be added to the list of sanctions targets. Those materially or financially...more

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