News & Analysis as of

Enforcement Actions European Union Germany

White & Case LLP

“Unsubstantiated” suspicious transaction reports

White & Case LLP on

While financial institutions, on the one hand, are in the process of implementing and preparing to apply the fundamental amendments and changes that will take place in upcoming years by the EU AML Package—entering into force...more

A&O Shearman

Carbon fraud is on the rise—but so is the regulatory counteroffensive

A&O Shearman on

At COP29 in Baku, new rules were adopted for carbon markets under Article 6 of the Paris Agreement. These rules are meant to increase the transparency of the country-to-country trading of carbon credits under Article 6.2....more

Axinn, Veltrop & Harkrider LLP

Competition Law Developments in Germany: Three Things We Are Watching

As counsel to global companies, we often guide clients through not just U.S. antitrust issues, but also through a global antitrust landscape. Whether it is a merger or a business practice, it is crucial to understand how all...more

Morgan Lewis

New Procedural Means in Practice: Leading Decision Procedure and Representative Action

Morgan Lewis on

In November 2024, the German Federal Court of Justice made its first decision within the new leading decision procedure, which is intended to simplify mass proceedings. Another new procedural tool is the redress action. In...more

White & Case LLP

Practical and legal implications in Germany following the EU harmonization of enforcement and penalties for sanctions violations

White & Case LLP on

On 24 April 2024, the EU adopted a new directive (Directive (EU) 2024/1226 of the European Parliament and of the Council) which establishes EU-wide rules for defining criminal offences and penalties related to the violation...more

American Conference Institute (ACI)

[Event] 5th Annual European Forum on Global FDI Reviews - June 11th - 12th, Ixelles, Belgium

Hosted by C5 Group, the 5th Annual European Forum on Global FDI Reviews returns for another exciting year with curated programming that provide sessions on the most pressing issues coming across your desk and strategic...more

A&O Shearman

White collar crime enforcement in Germany: trends and developments

A&O Shearman on

German authorities have intensified and accelerated their enforcement activities in 2023, following a slowdown of both investigations and court proceedings during the pandemic. This had led to a surge of dawn-raids in...more

White & Case LLP

The new German competition enforcement act – a true paradigm shift?

White & Case LLP on

On July 6, 2023, the German Parliament passed the 11th amendment to the German Act Against Restrictions of Competition ("ARC"), substantially expanding the Federal Cartel Office's ("FCO") enforcement powers. The reform...more

McDermott Will & Schulte

Are You Ready for the UPC? Act Now to Prepare for Its Opening on June 1

On February 17, 2023, Germany ratified the Agreement on the Unified Patent Court (UPC) and triggered the UPC’s entry into force on June 1, 2023. The UPC will revolutionize patent enforcement across Europe and impact companies...more

Latham & Watkins LLP

German Draft Competition Law Amendment Includes Far Reaching Remedial Powers Absent Actual Infringements

Latham & Watkins LLP on

Under the draft law, the FCO could impose behavioural and structural remedies following a sector inquiry without finding an infringement of German or EU competition law. The German Federal Ministry for Economic Affairs...more

McDermott Will & Schulte

International News: Healthcare - Spotlight on the Industry - May 2021

Sovereign Wealth Fund Investment in the Global Healthcare Industry - Sovereign Wealth Funds (SWF) seek out investments that are resilient, conducive to their aims and objectives, and reasonably free from market...more

K&L Gates LLP

German Supervisory Authority Initiates Post-Schrems II Enforcement Against EU Companies Using U.S. Service Providers

K&L Gates LLP on

The Bavarian Data Protection Authority recently prohibited a European company from using U.S. newsletter provider Mailchimp in a first-of-its-kind decision. Since the Schrems II decision of the Court of Justice of the...more

Epiq

Comply or Get Fined: 2020 GDPR Fines are the Highest on Record

Epiq on

The European Union’s (EU) General Data Protection Regulation (GDPR) has been in effect since May 2018. The law’s goal of protecting EU citizens’ personal information and privacy seems to be coming into fruition. In the past,...more

Hogan Lovells

German court drastically reduces GDPR fine

Hogan Lovells on

Germany has seen a couple of record GDPR fines since the German Data Protection Authorities (DPA) issued their guidance paper on how to measure GDPR fines in October 2019. One of these DPA sanctions was recently subject to...more

Spirit Legal

Tesla to be fined millions: Violation of recycling requirements under German Batteries Act

Spirit Legal on

The German Federal Environment Agency (UBA) intends to fine Tesla in Germany millions of euros. The reason for this is Tesla’s apparent failure to comply with the applicable regulations on taking back and recycling batteries....more

Barnea Jaffa Lande & Co.

H&M Fined EUR 35 Million for Violating Employee Privacy in Germany

Barnea Jaffa Lande & Co. on

In early October, the Data Protection Authority in Hamburg, Germany announced that the clothing retailer H&M committed severe violations of its employees’ privacy. Because of these European General Data Protection Regulations...more

Skadden, Arps, Slate, Meagher & Flom LLP

Antitrust Enforcement Centers on Technology Industry

Antitrust enforcers in the United States and European Union (EU) remained active in 2019, and recent developments at the Department of Justice (DOJ), Federal Trade Commission (FTC), state attorneys general (AG) offices and EU...more

White & Case LLP

DSK Calculation Model

White & Case LLP on

White & Case Technology Newsflash - On 25 May 2018, the European General Data Protection Regulation (GDPR) entered into force. The GDPR is intended to harmonize data protection regulations within the EU, whereby member...more

Robins Kaplan LLP

Financial Daily Dose 12.20.2019 | Goldman nearing $2B deal with DOJ to resolve 1MDB scandal claims

Robins Kaplan LLP on

Goldman Sachs is reportedly in negotiations with federal prosecutors to resolve claims about its role in the Malaysian 1MDB scandal for upwards of $2 billion. A settlement—which “could include a guilty plea from Goldman’s...more

Orrick, Herrington & Sutcliffe LLP

A Survival Guide for GDPR Enforcement Actions from a German Perspective – How to Assess and Mitigate Fines for GDPR Violations

Since the first enforcement actions have been initiated, some with significant fines, many companies may find themselves somewhat at a loss as they may not fully know how to assess the risks involved and how to react should...more

White & Case LLP

GDPR Guide to National Implementation: Germany - A practical guide to national GDPR compliance requirements across the EEA

White & Case LLP on

Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? Old legislation has been updated....more

Cohen & Gresser LLP

Update on the Enforcement and Litigation Issues Arising out of Cum-Ex Trades

Cohen & Gresser LLP on

The shock waves from the German authorities’ tax evasion investigation into cum-ex transactions, a complex form of dividend arbitrage, continue to be felt throughout Europe. A large number of UK and European financial...more

Orrick, Herrington & Sutcliffe LLP

German regulator issues record fine for keeping personal data too long

The Data Protection Supervisory Authority for the state of Berlin (Die Berliner Beauftragte für Datenschutz und Informationsfreiheit, “Supervisory Authority”) recently issued a fine for GDPR violations against Germany’s...more

Latham & Watkins LLP

German Data Protection Authorities Adopt New GDPR Fine Model

Latham & Watkins LLP on

Data protection violations may result in German authorities imposing significantly increased fines. The Conference of the German Data Protection Authorities (DSK) ? the joint body of the German data protection authorities...more

Latham & Watkins LLP

How Are European Supervisory Authorities Exercising Cooperation and Consistency In Practice?

Latham & Watkins LLP on

Recent action by the Hamburg authority may present implications for companies regulated by a lead data protection supervisory authority in Europe. A German supervisory authority has initiated an investigation into Google’s...more

38 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide