In July 2025, the European Competition Commission imposed a EUR 489,000 fine on Alchem International Pvt. Ltd. and its Hong Kong subsidiary for their involvement in a pharmaceutical cartel involving the active ingredient used...more
8/7/2025
/ Anti-Competitive ,
Antitrust Violations ,
Cartels ,
Civil Monetary Penalty ,
Competition Authorities ,
Enforcement Actions ,
Enforcement Priorities ,
EU ,
European Commission ,
Israel ,
Manufacturers ,
Pharmaceutical Industry ,
Subsidiaries ,
Supply Chain
The “What’s Good for Europe Is Good for Israel” reform came into effect at the beginning of 2025, with considerable. This reform allows importers to import diverse products to Israel in a new standardization track, based on...more
7/14/2025
/ Advertising ,
EU ,
Importers ,
Imports ,
Israel ,
Manufacturers ,
Marketing ,
Ministry of Economy ,
Regulatory Reform ,
Regulatory Requirements ,
Trade Policy
EU foreign ministers have decided to explore the possibility of cancelling the EU-Israel Association Agreement due to allegations that the war in Gaza is raising doubts concerning Israel’s commitment to the safeguarding of...more
The executive order signed by United States President Joseph Biden in February 2024 states that the violence being committed by Israeli settlers has reached intolerable levels; poses a serious threat to peace, security, and...more
2/23/2024
/ Banks ,
Biden Administration ,
Canada ,
Compliance ,
Economic Sanctions ,
EU ,
Executive Orders ,
Financial Institutions ,
FinCEN ,
Foreign Policy ,
France ,
Human Rights ,
Iran Sanctions ,
Israel ,
Israel/Palestine ,
Middle East ,
Military Conflict ,
Nonbank Firms ,
North Korea ,
Popular ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Risk Management ,
UN Security Council ,
United Nations
On July 13, 2022, the European Parliament and the European Council agreed on a new regulation concerning “foreign subsidiaries that distort the European market.” Their agreement is the final stage prior to voting on the...more
8/9/2022
/ Controlled Foreign Corporations ,
EU ,
European Commission ,
Foreign Corporations ,
Foreign Subsidiaries ,
Free Trade Agreements ,
Funding Arrangements ,
Government Investigations ,
Israel ,
Member State ,
Proposed Regulation ,
Regulatory Authority ,
Reporting Requirements ,
Subsidies
The White House has announced it is imposing a new round of “severe and immediate sanctions” on Russia. The announcement states the United States is taking this action together with its partners in the G7 and the European...more