On July 16, 2020, the Court of Justice of the European Union (the CJEU) issued its judgment in the long-running Schrems litigation (the Schrems II decision), holding that the EU-U.S. Privacy Shield entered into between the EU...more
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
On 15 October 2014 the European Banking Authority (“EBA”) issued a report on the use of role-based fixed allowances by various financial institutions within the European Union (“EU”) affected by the EU bonus ratio cap....more
There has been no shortage of press coverage about the lack of employment diversity in the financial services sector. Now, both the US Congress and the European Union have taken action in an attempt to remedy historical...more
On 27 February 2013 the European Union (“EU”) reached a provisional deal on imposing a cap on the variable remuneration that can be paid by financial institutions in the EU. If, as expected, this provisional deal is formally...more