As recommended by the European Commission, most, but not yet all, European Member States are cautiously easing down the implemented restrictions and are set to reopen their borders on 15 June, just ahead of the summer season...more
Antitrust and Competition - The Failing Firm Defense in the Face of the COVID-19 Outbreak - As the COVID-19 pandemic causes commercial and financial difficulties, an increasing number of transactions may involve companies in...more
Following the European Union (EU) Member States’ transposition deadline of the Fifth Anti-Money Laundering Directive (5AMLD) into national law on 10 January 2020, the European Commission (Commission) issued an action plan...more
On March 25, 2020, the Commission issued guidelines concerning foreign direct investment (“FDI”) and free movement of capital from non-EU countries (the “Guidelines”). The Guidelines provide helpful guidance to EU Member...more
ANTITRUST AND COMPETITION - The European Commission To Pursue Its Existing Doctrine On The Application Of Essential Facilities Theory To Dominant Digital Platforms - In the official statement issued by Executive...more
On April 15, the European Commission (“Commission”) published, in cooperation with the president of the European Council, Charles Michel, a European road map to phase out containment measures adopted across member states...more
Antitrust and Competition -
The Court of Justice of the EU Upholds the Commission’s Powers to Impose High Fines on Companies that “Jump the Gun” -
On March 4, 2020, the Court of Justice of the EU (“CJEU”) dismissed the...more
The COVID-19 outbreak is affecting businesses in the European Union (“EU”) in many different ways. Recognizing the scale of the impact, the Commission Executive Vice-President Margrethe Vestager, in charge of competition,...more
In the framework of its ambitious European Green Deal, the European Commission (“the Commission”) unveiled on 11 March its new Circular Economy Action Plan (“the Action Plan”). The detailed plan is designed to refocus the...more
On 4 March 2020, the European Commission (the Commission) launched a public consultation on the future European Climate Pact and simultaneously unveiled a key element of the European Green Deal, the long awaited proposal for...more
On 19 February, the European Commission (“the Commission”) unveiled a Communication setting out its strategy for “Shaping Europe's digital future” (“the Communication”)....more
On 29 January, the European Commission (“the Commission”) adopted its 2020 Work Programme, which sets out the most important initiatives the new Commission intends to undertake in its first year of office....more
ANTITRUST AND COMPETITION -
EU Competition Commissioner Vestager Will Also Be Responsible For Coordinating The EU Digital Agenda -
Last month, Margrethe Vestager was confirmed as Competition Commissioner for the next five...more
The European Commission unveiled its much-awaited European Green Deal, which will provide the EU with an industrial policy aiming at a net-zero emissions goal by 2050 and at enshrining climate neutrality into law....more
ANTITRUST AND COMPETITION -
French And German Competition Authorities Publish Joint Study On Potential Competition Concerns Raised By The Use Of Algorithms -
On November 6, the French competition authority (Autorité de la...more
ANTITRUST AND COMPETITION -
The EU General Court Adopts The First Two Judgements On The Content Of Tax Rulings -
On 24 September 2019, the General Court of the European Union (General Court) adopted two judgments...more
INSTITUTIONAL DEVELOPMENTS -
The New European Commission -
Nearly two months after presenting her Political Guidelines for the next European Commission, Ursula von der Leyen, President-elect of the new Commission, on 10...more
Our original political update was going to be more general in nature covering the turbulent state of British politics and the UK Prime Minister's "Do or Die" determination to leave the EU on 31 October with or without a deal....more
INSTITUTIONAL DEVELOPMENTS -
EU Institutions Move Forward With The Selection Of Their Leaders For The New Legislative Cycle -
On 2 July 2019, the European Council, which gathers Heads of State or Government of the 28 EU...more
INSTITUTIONAL DEVELOPMENTS -
The New European Parliament: More Fragmentation, Ad Hoc Coalitions, And Greener Policies?
The results of the May 2019 European Parliament (“EP”) elections resulted in a more complex European...more
6/27/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Banking Sector ,
Banks ,
Breweries ,
Cartels ,
Cross-Border Transactions ,
EIOPA ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Exports ,
Financial Institutions ,
Fines ,
MiFID II ,
Online Platforms ,
Plastics ,
Regulatory Agenda ,
Treaty on the Functioning of the European Union (TFEU)
ANTITRUST AND COMPETITION -
The European Commission Imposes Another Significant Fine On A Company For Negligently Providing Incorrect Information During The Merger Proceedings -
On 8 April 2019, the European Commission...more
On 2 April 2019, the European Commission announced the launch of the European Forum for Innovation Facilitators (“EFIF”). The EFIF will serve as a joint platform designed to foster collaboration and experience sharing among...more
Defence and Security -
Establishment of the European Defence Fund -
On 20 February 2019, the European Parliament and the Council of the EU reached a partial political agreement on the European Defence Fund (the “EDF”)....more
On 21 March 2019, the Regulation establishing a new framework for the screening of foreign direct investments (“FDI”) into the European Union (“EU”) on grounds of security or public order was published and becomes applicable...more
Antitrust and Competition -
EU Cartel Damages: Advocate General says that liability in cartel damages cannot be avoided through corporate restructuring -
On 6 February 2019, Advocate General Nils Wahl found in his...more