News & Analysis as of

European Union

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Bergeson & Campbell, P.C.

EC Adopts REACH Restriction for PFHxA and Related Substances

Bergeson & Campbell, P.C. on

The European Commission (EC) announced on September 19, 2024, that it adopted new measures under the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation to protect human health and the...more

Goodwin

Liquidity Management Under AIFMD2: RTS for Open-Ended Funds

Goodwin on

In our recent alert Loan Origination Under AIFMD2: A Guide, on loan origination under the revised Alternative Investment Fund Managers Directive (AIFMD2), we noted that the European Securities and Markets Authority (ESMA)...more

Conyers

Ten Things You Need To Know About… BVI Economic Substance

Conyers on

The British Virgin Islands (the BVI), along with most other major offshore jurisdictions, has introduced “economic substance” requirements for entities carrying on certain specified activities. This economic substance regime...more

White & Case LLP

High anxiety or real opportunity? Distressed M&A in Europe

White & Case LLP on

The number of distressed deals reaches record highs as challenging market conditions take their toll - European M&A saw a solid uplift in value in the first half of 2024. Western Europe saw US$390 billion of deals—a rise...more

A&O Shearman

FAQs: FCA “home visits”

A&O Shearman on

Post-pandemic most firms have settled into permanent hybrid working arrangements. Two years after the FCA published its statement reminding firms of its ability to visit “any location where work is performed […] including...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

UK Retail Workers Win Landmark Equal Pay Case

Ogletree, Deakins, Nash, Smoak & Stewart,... on

More than 3,500 workers have won a legal fight for equal pay against major UK retailer Next Retail Ltd. Following a six-year legal battle, the Employment Tribunal ruled that Next had failed to demonstrate that the lower basic...more

Jones Day

What Does a New UK Government Mean for Climate Change?

Jones Day on

On July 4, 2024, the UK general election took place, and the Labour Party won with a significant majority. After 14 years of Conservative Party rule, a number of changes are now expected in respect of the UK's position on...more

Moore & Van Allen PLLC

Foreign Institutional Investors Await Italian Government Action on Corporate Governance Reforms

Moore & Van Allen PLLC on

On March 27, 2024, the Italian legislature enacted reforms to attract new investors to the Italian capital markets and improve corporate governance following guidelines issued by former Prime Minister Mario Draghi’s...more

Epiq

The Sedona Conference Commentary on Proportionality in Cross-Border Discovery: A Brief Overview | Epiq

Epiq on

The Sedona Conference (TSC) and its Working Group 6 on International Electronic Information Management, Discovery, and Disclosure recently published their Commentary on Proportionality in Cross-Border Discovery (Commentary)...more

Akin Gump Strauss Hauer & Feld LLP

EU Takes Steps to Develop General Purpose AI Code of Practice

Akin Gump Strauss Hauer & Feld LLP on

Following the publication of the European Union’s Artificial Intelligence Act (AI Act or Act) on 12 July 2024, there are now a series of steps that various EU bodies need to take towards implementation. One of the first key...more

Paul Hastings LLP

Public Company Watch: September 2024

Paul Hastings LLP on

In the September edition of our Public Company Watch, we cover key issues impacting public companies, including updates regarding the most recent amendments to the Delaware General Corporate Law and the EU’s Corporate...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - September 2024 #3

Cadwalader, Wickersham & Taft LLP on

In this week’s edition, we discuss the Swiss Government’s rejection of a landmark ruling that the country had violated the human rights of a group of its citizens by failing to take adequate action on climate change; a report...more

Pillsbury - Global Sourcing Practice

United States, EU and UK Sign Treaty on the Use of Artificial Intelligence

Pillsbury - Global Sourcing Practice on

In a landmark moment for global AI governance, the United States, European Union and United Kingdom have signed the Council of Europe’s framework convention on artificial intelligence and human rights, democracy, and the rule...more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: 6 Steps to Take in 2024

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. The EU AI Act has been formally adopted and the countdown to the start of enforcement has begun. Here are six steps you can take to jump start...more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: Who and What Is Covered?

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. The EU AI Act imposes obligations on providers, importers, distributors and deployers of AI systems and General-Purpose AI Models (GPAIMs). ...more

A&O Shearman

EU Foreign Subsidy Regulation: General Court refuses to suspend EC request for mailboxes located in China

A&O Shearman on

In the context of a dawn raid under the EU Foreign Subsidy Regulation (FSR), the EU General Court (GC) has refused to suspend the European Commission (EC)’s request to access employees’ mailboxes located in China....more

A&O Shearman

Your Data Act queries answered: the European Commission publishes FAQs

A&O Shearman on

On 6 September 2024, the European Commission published a set of frequently asked questions (FAQs) on Regulation (EU) 2023/2854 on Harmonised Rules on Fair Access to and Use of Data (the Data Act). More detail can be found in...more

A&O Shearman

Zooming in on AI – #4: What is the interplay between “Deployers” and “Providers” in the EU AI Act?

A&O Shearman on

One of the key aspects of the EU AI Act (“AI Act”)[1] is linked to the qualification of providers and deployers and the nuances which help distinguish between the two categories of stakeholders. What would this mean in...more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: Application to Open-Source Projects

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. The EU AI Act only regulates certain covered AI-related technologies — AI systems and General-Purpose AI Models (GPAIMs)....more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: What Employers Should Know

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. Employers in the European Union face new compliance obligations under the EU AI Act, a new set of rules that regulates the use of artificial...more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: Key Dates for Compliance

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. The European AI Act has been formally adopted and the countdown to the start of enforcement has begun. ...more

Dechert LLP

Illumina/Grail: EU Court overturns approach to “killer acquisitions”

Dechert LLP on

In a much-anticipated ruling of 3 September 2024, the EU's highest court threw out the policy that the European Commission has been pursuing since 2021, by which it asserted jurisdiction to review so-called “killer...more

Orrick, Herrington & Sutcliffe LLP

The EU AI Act: What Life Sciences and Digital Health Companies Should Know

Orrick, Herrington & Sutcliffe LLP on

This update is part of our EU AI Act Series. Learn more about the EU AI Act here. Life sciences and digital health companies face obligations under the AI Act that vary depending on how they use AI – and the level of risk...more

Mayer Brown

Personal Data Sharing: What Information About Recipients Do We Need to Provide to Individuals Under the GDPR?

Mayer Brown on

Sharing personal data is necessary for most organisations, but it also entails certain data protection risks. Controllers who share personal data with others must, among other obligations, ensure that they comply with the...more

WilmerHale

WilmerHale’s Guide to the EU Data Act - September 2024

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Exactly one year from now, on September 12, 2025, the EU Data Act will enter into application. This new regulation provides harmonized rules on data access, switching cloud providers, and interoperability requirements across...more

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