News & Analysis as of

European Union › Penalties

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 -
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

Skadden, Arps, Slate, Meagher & Flom LLP

Corporate Sustainability Due Diligence Directive: What Companies in Germany Need To Know

Skadden, Arps, Slate, Meagher & Flom LLP on

The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD or Directive) entered into force on July 25, 2024, establishing a framework for companies to address risks and adverse impacts on human rights and...more

White & Case LLP

Time to get to know your supply chain: EU adopts Corporate Sustainability Due Diligence Directive

White & Case LLP on

After a two-and-half-year legislative journey, the EU's Corporate Sustainability Due Diligence Directive ("CSDDD"), has been formally adopted, and was published in the EU Official Journal on 5 July 2024.1 It will come into...more

Foley Hoag LLP - Global Business and Human...

New E.U. Forced Labor Law and the Global Effort to Prevent Forced Labor in Corporate Supply Chains

Foley Hoag LLP - Global Business and Human... on

On April 23, 2024, the European Parliament adopted, by an overwhelming 555-6 majority, a landmark law that will establish a sweeping and forceful regulatory regime to prohibit any products made using forced labor from being...more

American Conference Institute (ACI)

U.S. Implications of the EU AI Act

American Conference Institute (ACI) on

The European Union (EU) is leading the global charge with AI regulations. U.S. companies are not beyond their regulatory reach, however, and should be preparing their AI risk mitigation efforts accordingly....more

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

The EU’s NIS2 Directive: Covered Entities, Compliance Monitoring, Risk Management, Incident Reporting, and Penalties

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

In response to the increasing number of cyberattacks and the acceleration of digital transformation across sectors, the European Union has revised and improved its Network and Information Security (NIS) Directive. The...more

White & Case LLP

AI Watch: Global regulatory tracker - Singapore

White & Case LLP on

Singapore's AI frameworks guide AI ethical and governance principles, with existing sector-specific regulations addressing AI risks. Laws/Regulations directly regulating AI (the “AI Regulations”) Currently, there are...more

A&O Shearman

U.K. consumer enforcement overhaul

A&O Shearman on

The Digital Markets, Competition and Consumers Act 2024 will result in a landmark overhaul of the U.K. consumer protection regime. It will dramatically increase the Competition and Markets Authority (CMA's) enforcement powers...more

Akin Gump Strauss Hauer & Feld LLP

EU Ratifies Pioneering Artificial Intelligence Legislation

Akin Gump Strauss Hauer & Feld LLP on

On May 21, 2024, the European Union finalized the adoption of the groundbreaking EU Artificial Intelligence Act, a comprehensive and sector-agnostic legislation that extends globally. This 420-page Act aims to regulate the...more

White & Case LLP

Practical and legal implications in France following the EU harmonization of enforcement and penalties for sanctions violations

White & Case LLP on

On 24 April 2024, the EU adopted a new directive (Directive (EU) 2024/1226 of the European Parliament and of the Council) which establishes EU-wide rules for defining criminal offences and penalties related to the violation...more

Mintz

European Central Bank to Impose Fines on Banks for Failure to Address Climate Change

Mintz on

It has been reported that the European Central Bank will be imposing fines on as many as four lenders due to “not meeting deadlines set by the ECB for assessing their exposure to climate risks.” Specifically, ECB regulations...more

Allen Barron, Inc.

Are you Thinking of Moving to Another Country - A Few Things to Consider

Allen Barron, Inc. on

Are you thinking of moving to another country? Over the past decade, a record number of U.S. citizens have decided to live and work abroad. There are many issues you may not have considered that will impact any decision to...more

Akin Gump Strauss Hauer & Feld LLP

Final Approval of Ground-breaking EU AI Act

Akin Gump Strauss Hauer & Feld LLP on

On 21 May 2024 the Council of the European Union (EU) announced the final approval of the landmark EU Artificial Intelligence Act (AI Act or Act). As previously highlighted (see our December 2023 alert), the AI Act is a first...more

White & Case LLP

Practical and legal implications in Spain following the EU harmonization of enforcement and penalties for sanctions violations

White & Case LLP on

On 24 April 2024, the EU adopted a new directive (Directive (EU) 2024/1226 of the European Parliament and of the Council) which establishes EU-wide rules for defining criminal offences and penalties related to the violation...more

Sheppard Mullin Richter & Hampton LLP

Walking the Tightrope: EU’s Sanctions Enforcement Directive Puts Violators on Notice

Sheppard Mullin Richter & Hampton LLP on

In a bold move to tighten its sanctions enforcement, the EU rolled out Directive 2024/1226, establishing minimum rules for defining criminal offenses and penalties related to the violation of EU sanctions. Effective May 19,...more

White & Case LLP

EU establishes harmonized enforcement and penalties for sanctions violations

White & Case LLP on

The EU has adopted a new directive which establishes EU-wide rules for defining criminal offences and penalties related to the violation of EU sanctions. A stricter regulatory environment and closer scrutiny is expected as...more

White & Case LLP

AI Watch: Global regulatory tracker - European Union

White & Case LLP on

The EU introduces the pioneering EU AI Act, aiming to become a global hub for human-centric, trustworthy AI. Laws/Regulations directly regulating AI (the “AI Regulations”) The primary legislative proposal for regulating...more

Proskauer - Regulatory & Compliance

EU Corporate Sustainability Due Diligence Directive over the line – with extra-territorial reach

Proskauer - Regulatory & Compliance on

After political to-and-fro for over two years, the EU Corporate Sustainability Due Diligence (“CS3D”) made it over the line on 24 April 2024 with the European Parliament formally approving it. We set out the headline...more

King & Spalding

EU Council Approves Corporate Sustainability Due Diligence Directive

King & Spalding on

On 15 March 2024, the European Council approved the Corporate Sustainability Due Diligence Directive (“CSDDD” or “Directive”). If approved by the European Parliament and entered into force, the CSDDD will require large EU and...more

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

European Parliament Adopts Artificial Intelligence Act

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

On March 13, 2024, European Union policymakers finally passed the long anticipated Artificial Intelligence Act (AI Act), the world’s first comprehensive artificial intelligence (AI) legislation, providing employers with...more

NAVEX

The EU Corporate Sustainability Due Diligence Directive – March 2024 Update

NAVEX on

Just when the corporate world was getting a handle on the Corporate Sustainability Due Diligence Directive (CSDDD), the goalposts have moved again. The CSDDD has faced a rollercoaster of revisions over the past two years, but...more

Goodwin

Series 1 - The World’s First AI Regulation Is Here

Goodwin on

Yesterday, March 13, 2024, the European Parliament approved the EU Artificial Intelligence Act (“AI Act”), a sweeping AI governance framework which presents the first comprehensive law in the world aimed at ensuring AI...more

Mayer Brown

Teeth Can Bite: Towards Harmonized Rules on EU Sanctions Criminal Enforcement

Mayer Brown on

On March 12, 2023, the European Parliament ("EP") formally endorsed the adoption of a Directive defining criminal offences and penalties for the violation of European Union ("EU") restrictive measures, colloquially known as...more

Woods Rogers

EU AI Act Will Be World’s First Comprehensive AI Law

Woods Rogers on

On March 13, 2024, the European Union’s parliament formally approved the EU AI Act (pdf), making it the world’s first major set of regulatory ground rules to govern generative artificial intelligence (AI) technology. The EU...more

Dechert LLP

Exploring DORA’s ICT Risk Requirements: Key Issues for Asset Managers

Dechert LLP on

DORA became law in December 2022 but provides for a grace period until 17 January 2025 for organisations to put in place the necessary measures to comply. The new rules will require engagement from both an operational and...more

128 Results
 / 
View per page
Page: of 6
Next »

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide