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COVID-19 Key EU Developments, Policy & Regulatory Update No. 66

Competition - European Commission comments on the future of competition policy - On 29 October 2021, Executive Vice-President and Competition Commissioner Margrethe Vestager provided remarks on the future of competition...more

COVID-19 Key EU Developments, Policy & Regulatory Update No. 65

Competition - European Commission ramps up combat against cartels, including reigniting dawn raids - On 22 October 2021, Executive Vice-President and Commissioner for Competition Margrethe Vestager highlighted the...more

COVID-19 Key EU Developments, Policy & Regulatory Update No. 64

European Commission adopts Communication on Energy Prices to tackle exceptional rise in energy prices - On 13 October 2021, the Commission adopted a Communication on Tackling Rising Energy Prices: a Toolbox for Action and...more

COVID-19 Key EU Developments, Policy & Regulatory Update No. 63

State Aid - European Commission consults on proposed amendments to General Block Exemption Regulation - On 6 October 2021, the Commission opened its consultation with Member States and interested parties to comment on...more

COVID-19 Key EU Developments, Policy & Regulatory Update No. 62

European Commission consults Member States on future of State aid Temporary Framework - On 30 September 2021, the Commission launched its consultation with Member States on a draft proposal to prolong the State aid...more

COVID-19 Key EU Developments, Policy & Regulatory Update No. 61

European Commission releases State of the Union 2021 report, including on COVID-related State aid - On 15 September 2021, the Commission published the State of the Union 2021 report on the Commission’s work and...more

European Public Prosecutor's Office Begins its Work Defending EU Financial Interests

On June 1st, 2o21,the European public prosecuters office, the European Union's new arm to combat fraud, became operational. The key elements of the new Public Prosecutor's Office are as follows...more

Climate Change Litigation Bombshell: Dutch Lower Court Orders Royal Dutch Shell to Reduce CO2 Emissions

The Ruling: On May 26, 2021, the Hague District Court ("Court") issued a ruling ordering Royal Dutch Shell Plc ("RDS"), the parent company of the Shell group with its registered office in the Netherlands, to ensure that the...more

Additional Changes in German Foreign Direct Investment Control

The 17th amendment to the German Foreign Trade and Payment Ordinance ("AWV") adopted by the federal government on April 27, 2021, included—compared to the original draft—a number of changes relevant to M&A transactions with a...more

JONES DAY TALKS®: Navigating Sanctions and Export Controls: A Guide for EMEA Businesses  [Audio]

In this recap of a recent Jones Day client-focused webinar, partners Harriet Territt, Eva Monard, Sean Boyce, and Rick van 't Hullenaar review 2020's critical developments in U.S., EU and UK sanctions and export controls that...more

Germany to Further Tighten its Foreign Direct Investment Control Law

The changes will expand the notification requirements for tech-related transactions significantly. The German federal government published a draft 17th amendment to the Foreign Trade and Payment Ordinance ("AWV"), which is...more

2020 Anti-Money Laundering Year in Review

2020 witnessed a flurry of anti-money laundering activity, with the issues and developments continuing to be global in scope. In the United States, suspicious activity reports, outlining transactions involving terrorism...more

New Guidance for Dutch Prosecutor on the Investigation and Prosecution of Foreign Corruption

On October 1, 2020, the new Instruction on the Investigation and Prosecution of Foreign Corruption for the Dutch Public Prosecution Service ("DPPS") entered into force, indicating certain factors that play a role in...more

New Instruction Guides the Dutch Prosecutor on How to Handle Large Settlements

On September 4, 2020, a new Instruction for the Dutch Public Prosecution Service ("DPPS") entered into force, setting a framework for offering large settlements to defendants. Main Elements of the Instruction - The...more

UK Launches Independent Sanctions Policy With Focus on Human Rights Violations

The Situation: On 6 July 2020, the United Kingdom announced its first set of independent sanctions, following its departure from the European Union. The new sanctions focus on individuals and entities identified by the UK...more

Foreign Direct Investment Screening in Europe and the Middle East

One effect of the COVID-19 pandemic has been to accelerate the implementation of new or stricter controls on inward-bound foreign direct investment activity ("FDI"), particularly in the European Union. For example, in March...more

Dutch Government Plans Retroactive Foreign Investment Screening in View of COVID-19 Crisis

Proposed retroactive application could expose investments made as from June 2, 2020, to ex post scrutiny. On June 2, 2020, the Dutch Government ("Government") announced that it plans to apply a proposed comprehensive...more

United Kingdom Tightens Foreign Direct Investment Controls in Response to the COVID-19 Pandemic

The Situation: The UK Government has expanded the scope of the UK's foreign direct investment ("FDI") screening controls to include businesses responding to the COVID-19 pandemic. In addition, the UK has lowered the...more

European Commission Proposes European AML Supervisor and Single Rulebook

The Situation: The European Commission issued an Action Plan on Anti-Money Laundering/Combating the Financing of Terrorism ("AML/CFT") in response to recent money laundering scandals and concerns of an increase in crime due...more

Trade Controls in the EU: COVID-19 Measures at a Glance

In response to the novel coronavirus ("COVID-19") pandemic, the European Union ("EU"), various Member States and the United Kingdom have adopted trade control measures aimed at avoiding shortages and ensuring the availability...more

Coronavirus: The Impact on Employers Throughout Europe

The novel coronavirus (COVID-19) outbreak, first identified in Wuhan, China, has spread beyond China's borders to dozens of countries, infecting tens of thousands of people and causing a mounting number of fatalities....more

The Netherlands Adopts Business and Human Rights Legislation to Combat Child Labor

The Situation: On November 13, 2019, the Child Labor Due Diligence Act ("Act") was published in the Dutch Government Gazette. The law introduces a duty of care for companies to prevent the supply of goods or services which...more

European Commission Takes Steps Toward More Aggressive Approach to EU Sanctions - The European Commission ("EC") has transferred...

The EU-wide sanctions program used to fall squarely within the responsibility of the EU High Representative for Foreign Affairs and Security ("EUHR"), currently Josep Borrell. Among the EUHR's responsibilities is the proposal...more

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