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 -

EU Banking & Finance Regulatory Newsletter

by Dentons on

As the EU celebrated Europe Day on 9 May, numbers have been a pervasive theme during recent months, both in terms of what has been achieved during 2017 and 1Q 2018 and policymakers’ plans on the way forward. Notably, April...more

The eData Guide to GDPR

by Morgan Lewis on

The EU General Data Protection Regulation (GDPR) goes into force on May 25, 2018, and the effect is going to be felt all over the world. Companies with operations within the EU, or that process the data of any individuals...more

The Three Pillars of GDPR – Security (No. 2)

by Ward PLLC on

There are 72 hours to go until GDPR Day (#privmas), and you can almost feel CISOs hoping that, if there’s going to be a breach, it happens today and not on Monday. We noted once before that Andrea Jelinek, chair of the (very...more

European Commission Adopts Delegated Legislation on Central Contact Points for AML/CTF Purposes

by Shearman & Sterling LLP on

The European Commission has adopted a draft delegated regulation under the Fourth Money Laundering Directive. The draft regulation sets out Regulatory Technical Standards on the criteria that EU Member States should use when...more

Financial Stability Board Consults on Reporting on the Use of Compensation Tools to Address Misconduct Risk

by Shearman & Sterling LLP on

The Financial Stability Board has published proposed Recommendations for consistent national reporting of data concerning the use of compensation tools to address misconduct risk in significant financial institutions. The FSB...more

European Banking Authority to Provide Technical Advice on Implementation of Final Basel III Reforms

by Shearman & Sterling LLP on

The European Banking Authority has announced that the European Commission had requested technical advice on implementing the final Basel III reforms into EU law. The Basel Committee on Banking Supervision published the final...more

EU to Reactivate 1996 Blocking Regulation Against US Sanctions on Iran

by WilmerHale on

On Friday, May 18, the EU Commission launched the formal process to reactivate a 1996 trade defense law in response to the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) on Iran's nuclear program. Once...more

UK Parliamentary Report Published on the Impact of Brexit on the Pharmaceutical Sector

by Hogan Lovells on

The Business, Energy and Industrial Strategy Committee, a parliamentary select committee, has published a report on the consequences of Brexit on the UK pharmaceutical industry. ...more

Following a cyber attack, IoT device manufacturers, data controllers, and sellers could face liability under the EU’s Product...

by Hogan Lovells on

Advancements in technology may provide consumers with a continuous stream of upgraded products, but they’re also proving that current security and privacy regulations fall short within the Internet of Things (IoT)....more

GDPR Enforcement Begins Friday: 4 Things You Need to Know

by Lathrop Gage on

What is the GDPR? The GDPR is the European Union’s General Data Protection Regulation, a comprehensive set of strict privacy laws and regulations. The EU passed GDPR in 2016, but granted a two-year grace period which ends...more

GDPR’s Most Frequently Asked Questions: What Is the Article 29 Working Party?

Answer: The Article 29 Working Party is the name of an advisory body established in 1996 by Article 29 of Directive 95/46/EC. The role of the Working Party is to provide independent counsel to the European Commission on...more

The EU General Data Protection Regulation

by Snell & Wilmer on

This Friday is the deadline for General Data Protection Regulation (“GDPR”), yet many companies are still in the process of planning for compliance. Companies not able to meet the deadline may want to consider,...more

GDPR: The EU’s New Data Protection Laws Are You Ready?

by Shearman & Sterling LLP on

The EU’s General Data Protection Regulation Comes Into Effect on 25 May 2018. Any company anywhere in the world which holds personal identifying information about EU resident private individuals will be impacted....more

Key Regulatory Developments in the EU

by Dentons on

We present you with the selection of key regulatory developments in the European Union....more

GDPR’s Most Frequently Asked Questions: Does a Company’s Reason for Processing Information Impact Whether It Must Fix Errors?

The European Union's General Data Protection Regulation ("GDPR") is arguably the most comprehensive - and complex - data privacy regulation in the world. As companies prepare for the GDPR to go into force on May 25, 2018,...more

Key Regulatory Developments in Germany

by Dentons on

We present you with the selection of key regulatory developments from Germany....more

EU responds to US re-imposition of sanctions on Iran

by White & Case LLP on

The European Union has announced a package of measures in response to the re-imposition of US secondary sanctions on European persons and companies with dealings with Iran....more

Global merger control: Innovation in merger control

by White & Case LLP on

The European Commission is increasingly concerned that market consolidation will harm innovation and has changed dramatically the way it examines the impact of mergers on innovation. Merging parties should be prepared for it....more

Locked Box Lands in the US

by Latham & Watkins LLP on

In the US, unlike in Europe, deals are traditionally transacted on the basis of closing accounts, with adjustments made post-closing for working capital, indebtedness, cash, and transaction expenses. This is now changing....more

DSM Watch: EU Copyright reform – where do we stand?

by Hogan Lovells on

Reform of EU copyright is the core of the Commission’s Digital Single Market strategy. Various legislative initiatives have been proposed but the “heart” of the reform is without a doubt the proposal for a new copyright...more

France adopts new Order n°2018-341 implementing UPC system

by Hogan Lovells on

On 10 May 2018, France’s Journal Officiel published "Ordonnance n° 2018-341 du 9 mai 2018" (the "Order") on the European patent with unitary effect and the unified patent jurisdiction. ...more

U.S. Companies With Global-Reach Take Note: GDPR Is On The Fast-Approaching Horizon

by SmithAmundsen LLC on

On May 25th, a monumental data-breach land shift will occur. As the U.S. kicks-off Memorial Day celebrations, residents of the European Union will enjoy the first days of enforcement of the EU’s General Data Protection...more

The Legal Angle(s) on GDPR - Popular Reads for May 2018

by JD Supra Perspectives on

A look at some of the most well-read GDPR-related posts on JD Supra, covering implications for M&A, blockchain, retail, investigation, litigation, and more....more

Key Privacy Requirements of the GDPR for U.S. Companies (Part 2)

In Part I of this series, we provided information about whether the GDPR applies to your U.S.-based business. In this article, we will explain the key privacy requirements of the GDPR. The GDPR is, at its heart, a regulation...more

Here Comes The GDPR – US Companies, Make Sure You’ve Got It Covered

Way back on August 17, 2017 (seems like a lifetime ago), we brought you information regarding the European General Data Protection Regulation (“GDPR”) and its impact on those doing business in the EU. And now, guess...more

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