In a bid to further increase the pressure on Russia, the Council of the European Union has adopted additional measures which have been introduced in its 16th sanctions package. The new measures amending the framework Council...more
On 13 February 2025, the Office of Financial Sanctions Implementation (OFSI) published its assessment of suspected sanctions breaches involving financial services firms since February 2022 (the Assessment). The Assessment...more
On 29 October 2024, the European Union and the UK government finalized the technical discussions on a competition cooperation agreement. This agreement will enable closer cooperation between the UK Competition and Markets...more
12/13/2024
/ Antitrust Provisions ,
Climate Change ,
Competition ,
Competition Authorities ,
Cooperation Agreement ,
Energy Sector ,
EU ,
Financial Services Industry ,
Paris Agreement ,
Popular ,
Public Policy ,
Securitization ,
UK ,
UK Competition and Markets Authority (CMA)
On 18 September 2024, the General Court of the European Union (General Court) largely upheld the fine imposed by the European Commission (Commission) finding that a global tech company had engaged in predatory pricing of its...more
10/28/2024
/ Antitrust Provisions ,
Artificial Intelligence ,
Competition ,
Economic Sanctions ,
Energy Sector ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Markets ,
Financial Services Industry ,
Popular ,
Regulatory Oversight ,
Sustainable Finance ,
Treaty on the Functioning of the European Union (TFEU) ,
Unfair or Deceptive Trade Practices
Antitrust and Competition - The Court of Justice of the European Union Finds That the European Commission Lacks Jurisdiction to Review Transactions That Fall Below the EU and National Merger Filing Thresholds -On 3 September...more
10/9/2024
/ Capital Markets ,
Competition ,
Corporate Governance ,
Corporate Social Responsibility ,
Court of Justice of the European Union (CJEU) ,
Energy Sector ,
EU ,
EUMR ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Merger Controls ,
Mergers ,
Natural Gas ,
Renewable Energy ,
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
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 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)
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)
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 - 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
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)
ECONOMIC AND FINANCIAL AFFAIRS - The Bank of International Settlement’s Group of Central Bank Governors and Heads of Supervision Endorses the Prudential Standard for Banks’ Crypto-Asset Exposures - The Group of Central Bank...more
1/26/2023
/ Banking Sector ,
Court of Justice of the European Union (CJEU) ,
Cryptoassets ,
Cryptocurrency ,
Energy Sector ,
EU ,
European Commission ,
Financial Services Industry ,
Inflation Reduction Act (IRA) ,
Regulatory Oversight ,
Renewable Energy
ANTITRUST AND COMPETITION - EU Foreign Subsidies Regulation Expected to Enter into Force by Mid-2023 - On 28 November 2022, the Council of the European Union adopted the Foreign Subsidies Regulation (FSR), which granted the...more
12/27/2022
/ Artificial Intelligence ,
Capital Markets ,
Capital Markets Union ,
Digital Services ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Financial Services Industry ,
Foreign Subsidies ,
Greenhouse Gas Emissions ,
Online Platforms ,
Regulatory Oversight ,
Reporting Requirements ,
Sustainability
ANTITRUST AND COMPETITION - Commission Adopted the Revised Informal Guidance Notice for Novel or Unresolved Competition Issues - Following a public consultation, the European Commission (Commission) published on 3 October...more
11/4/2022
/ Antitrust Provisions ,
Artificial Intelligence ,
Aviation Industry ,
Competition ,
Corporate Social Responsibility ,
Cryptoassets ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Regulatory Oversight ,
Stablecoins ,
Sustainability
ANTITRUST AND COMPETITION - The European Commission Reviews Its Informal Guidance Notice - On 24 May 2022, the European Commission (Commission) launched a public consultation to gather feedback from interested parties on the...more
7/20/2022
/ Antitrust Provisions ,
Artificial Intelligence ,
Child Abuse ,
Climate Change ,
Competition ,
Cybersecurity ,
Economic Sanctions ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Internet Service Providers (ISPs) ,
Lenders ,
Mergers ,
Online Platforms ,
Treaty on the Functioning of the European Union (TFEU) ,
UCITS ,
Vertical Block Exemption Regulation (VBER)
ANTITRUST AND COMPETITION - The Commission and the German Competition Authority conducted surprise inspections in Germany for suspected abuse of a dominant position in the natural gas sector....more
5/23/2022
/ Antitrust Investigations ,
Antitrust Provisions ,
Competition ,
Digital Currency ,
Digital Marketplace ,
EU ,
Financial Services Industry ,
Germany ,
Green Energy ,
Oil & Gas ,
Online Platforms ,
Personal Data ,
Supply Chain