The European Commission intensified its focus on semiconductors by proposing the EU Chips Act on February 8, 2022. President of the European Commission Ursula von der Leyen calls it a "game changer". The proposed Act contains...more
The Court of Justice of the EU has interpreted for the first time the Blocking Regulation. The ruling confirms that it is possible to terminate contracts with a US designated person without providing reasons. However, in...more
In its First Annual Report on the EU Foreign Direct Investment (FDI) Screening Regulation and Member States’ individual screening mechanisms, the European Commission takes stock of the first year of implementation of the new...more
The U.S. and the EU have announced a settlement regarding the U.S. Section 232 duties on European steel and aluminum products. As part of that settlement, the U.S. Department of Commerce (Commerce) announced that the 25...more
11/8/2021
/ Aluminum Sales ,
EU ,
Imports ,
Section 232 ,
Steel Industry ,
Supply Chain ,
Tariff Rate Quota (TRQ) ,
Tariffs ,
Trade Relations ,
US Trade Policies ,
WTO
On 22 September 2021, the European Commission (“Commission”) published its legislative proposal (“GSP Proposal”) for the EU new Generalised Scheme of Preferences (“GSP”) which is due to expire on 31 December 2023. The GSP...more
The EU CBAM proposal signals a transformation of the European carbon pricing regulations. U.S. businesses with significant European operations, or with operations in emissions-intensive, trade-exposed industry sectors, should...more
Following the release of the European Commission’s proposal for a Carbon Border Adjustment Mechanism (“CBAM Proposal”) on 14 July 2021 as part of the “Fit for 55” legislative package aimed at reducing the EU’s greenhouse gas...more
After journey of over four years, the EU adopted Regulation (EU) 2021/821, recasting the Dual-Use Regulation. The new rules will enter into force on 9 September 2021 and will entail stricter catch-all controls on non-listed...more
The European Union and the United Kingdom have each significantly expanded the scope of their sanctions against Belarus in response to the forced Ryanair aircraft landing in May. The new measures adopted target a significant...more
8/17/2021
/ Belarus ,
Belarus Sanctions ,
Dual Use Goods ,
Economic Sanctions ,
EU ,
European Investment Bank (EIB) ,
Export Controls ,
Exports ,
Military Goods ,
Popular ,
UK
On 7 December 2020, the EU adopted a global human rights sanctions regime. No individuals have been designated yet. Going forward, this means that companies should ensure that they conduct sanctions screening on all...more
The European Parliament, the European Commission, and the Council of the European Union (EU) reached an agreement on a revised Trade Enforcement Regulation to strengthen the protection of the EU trade interests in World Trade...more
11/3/2020
/ Bilateral Agreements ,
Corporate Counsel ,
Enforcement Guidance ,
EU ,
European Commission ,
European Parliament ,
Legislative Agendas ,
Trade Policy ,
Trade Relations ,
Trade Retaliation ,
WTO
The long-awaited application of the European Union (EU) Regulation on a framework for the screening of foreign direct investment (FDI) in the EU started yesterday, 11 October 2020. It is still early days to anticipate how the...more
Beset by ongoing tariff wars, Brexit fallout, heightened sanctions, and other geopolitical tumult, global value chains now face a deeply uncertain trade environment....more
Governments all over the world are continuing to take steps to strengthen their powers to intervene in foreign direct investments ("FDI") into their countries. These changes come at a time of increased scrutiny of foreign...more
On 29 June 2020, the final rule expanding the military end user/user controls (MEU) issued by the Bureau of Industry and Security (BIS) went into effect. On 26 June 2020, BIS issued an FAQs guidance document that provides...more
On 29 June 2020, the Council of the European Union have included eleven officials in the list of natural and legal persons, entities and bodies subject to asset freezing measures and a travel ban. ...more
On 4 May 2020 the Council of the European Union have included six Nicaraguan officials in the list of natural and legal persons, entities and bodies subject to asset freezing measures and a travel ban....more
On 28 April the U.S. Commerce Department, Bureau of Industry and Security published two final rules and a proposed rule amending the Export Administration Regulations that will further restrict and regulate transactions...more
The EU has extended the export restrictions on certain items of Personal Protective Equipment (PPE) for a further period of 30 days.
On 24 April, the European Commission (Commission) extended the export controls on PPE...more
The Belgian federal agency for medicines and health products (AFMPS or FAGG) provides that Belgium acts as a logistical platform for certain medicinal products....more
Following requests from numerous Member States, on 3 April the European Commission (“Commission“) adopted Commission Decision (EU) 2020/491 (“the Decision“), which provides for relief from import duties and VAT for goods...more
The Daily Report is a compilation of COVID-19 (coronavirus) news briefs from around the world to help life sciences and health care companies stay current in this challenging time.
...more
4/9/2020
/ Duties ,
EIOPA ,
EU ,
Food and Drug Administration (FDA) ,
Imports ,
Life Sciences ,
Medical Devices ,
Medical Supplies ,
Moratorium ,
Over The Counter Drugs (OTC) ,
Personal Protective Equipment ,
Relief Measures ,
Tariffs ,
Value-Added Tax (VAT)
The disruption linked to COVID-19 already affects the global economy significantly, including M&A transactions in Europe and across the globe. On the regulatory side, many deals face challenges caused by national authorities'...more
In response to the global outbreak of the COVID-19 virus, the EU and various member states have taken measures to ensure continuity of supply of personal protective equipment (PPE) and address shortages of healthcare...more
Dutch competition authority imposes fine on company for deleted chat messages during a dawn raid -
The Dutch competition authority (“ACM“) recently confirmed that the obligation to cooperate fully with an inspection/during...more
3/23/2020
/ Antitrust Provisions ,
BSA/AML ,
Competition ,
Competition Authorities ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Federal Trade Commission (FTC) ,
Hart-Scott-Rodino Act ,
Monopolization ,
Threshold Requirements