News & Analysis as of July 24, 2025

European Commission

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

EU Omnibus updates – Corporate Sustainability Reporting Directive (CSRD) “quick fix” amendments adopted by European Commission

Hogan Lovells on 7/15/2025

On 11 July 2025, the European Commission adopted a targeted “quick fix” for companies currently reporting under the Corporate Sustainability Reporting Directive (“CSRD”). The “quick fix” will apply to companies that started...more

Uneven Stop-the-Clock Provisions Throughout Europe on Sustainability Reporting

Jones Day on 6/13/2025

As discussed in a previous article, the European Union is seeking to "bring competitiveness and climate goals together," and therefore launched a reform package—the Omnibus package—regarding sustainability reporting and...more

EU Commission Publishes The Risk Classification Under The EUDR

Jones Day on 5/28/2025

On May 22, 2025, the EU Commission adopted an implementing regulation to the EU's Deforestation Regulation ("EUDR") in which it identified the risk classification of countries as “low, standard or high risk” required under...more

ROPES & GRAY CSRD TRANSPOSITION TRACKER

Ropes & Gray LLP on 5/23/2025

Reporting obligations under the European Union’s Corporate Sustainability Reporting Directive are created under EU member state national legislation adopted pursuant to the CSRD. We have again updated our tracker to reflect...more

Germany's new chancellor, Friedrich Merz, calls for the repeal of the CSDDD

Jones Day on 5/13/2025

Germany's new chancellor, Friedrich Merz, called for the repeal of the CSDDD during his inaugural visit to the European Commission on May 9, 2025. German public television quoted him as follows: “The permanent solution to...more

Placing products on the market in Germany (EU): What you need to know about the new Product Liability Directive

Hogan Lovells on 12/11/2024

The updated Directive aims to modernize the existing liability regime, in particular in the light of past and future technological developments as well as the challenges faced by plaintiffs in proving a claim. According to...more

EU AI Act: Key Points for Financial Services Businesses

Goodwin on 8/12/2024

The European Union (EU) Artificial Intelligence Act (AI Act), Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence and amending...more

New EU Cyber Rules: Implementation of NIS2 in the EU Member States

Mayer Brown on 8/5/2024

The Network and Information Security 2 Directive (EU) 2022/2555 ("NIS2") entered into force on 16 January 2023. NIS2 sets cyber rules for organizations whose services are considered essential or important for maintaining...more

European Commission Report on EU Whistleblowing Directive

A&O Shearman on 7/10/2024

The European Commission has published a report on the implementation and application of the EU Whistleblowing Directive. The Directive aims to guarantee a high level of balanced and effective protection for persons who report...more

Directive on Cross-Border Law Enforcement Access to Bank Account Registries Published in Official Journal of the European Union

A&O Shearman on 7/3/2024

Directive (EU) 2024/1654 has been published in the Official Journal of the European Union, amending Directive (EU) 2019/1153 regarding access by competent authorities to centralized bank account registries through the...more

Council of the European Union Agrees Negotiating Mandate on Retail Investment Package

A&O Shearman on 6/18/2024

The Council of the European Union has announced that it has agreed its negotiating position on the retail investment package and published the relevant texts. The package consists of an amending Directive, known as the...more

Platform workers: towards a European agreement on the employment presumption

White & Case LLP on 4/10/2024

On March 11, 2024, an agreement around a draft directive to strengthen the protection of digital platform workers in Europe was approved by twenty-five Member States. For the time being, France and Germany are opposed to the...more

Third Time's a Charm: EU Moves to Approve the Sustainability Due Diligence Directive

Jones Day on 3/20/2024

The Council of the European Union ("EU") approved the Corporate Sustainability Due Diligence Directive ("CS3D") on March 15, 2024. The CS3D contains due diligence and governance obligations that will have an extensive impact...more

EU takes important step on supply chain due diligence

Ius Laboris on 1/30/2024

The European Commission and European Parliament recently reached agreement on the details of a new Corporate Sustainability Due Diligence Directive. The Directive will require large organisations to implement due diligence...more

December 2023: The month that changed the product safety and liability landscape in Europe

Hogan Lovells on 12/22/2023

December 2023 was an intense month for the European product safety and liability landscape, with updates by the EU legislator on three important pieces of legislation in recent weeks. For the time being, most UK product...more

Your Questions, Answered. What you Need to Know About the EU Whistleblower Protection Directive.

NAVEX on 11/17/2023

Before we dive in, there were several questions from our audience inquiring about country specific whistleblower protection requirements. For more information related to each EU Member State’s adoption of the Directive, visit...more

EU Parliament's Committees vote on the proposal for a revision of EU product liability law

Hogan Lovells on 10/13/2023

A joint Committee of the European Parliament consisting of the Internal Market and Consumer Protection Committee (“IMCO”) and the Committee on Legal Affairs (“JURI”) approved their position on the European Commission's...more

EU Commission Proposes New Late Payment Regulation – Evolution or Revolution of the EU Late Payment Regime?

Sullivan & Worcester on 9/28/2023

On 12 September 2023, the European Commission proposed a new EU Regulation on combatting late payments in commercial transactions which will revise and replace EU Directive 2011/7/EU (the Late Payment Directive). The...more

Investor Groups Raise Concerns Over European Sustainability Reporting Standards

Cadwalader, Wickersham & Taft LLP on 9/20/2023

On July 31, 2023, the European Commission adopted the long-anticipated European Sustainability Reporting Standards (ESRS) for use by all companies subject to the Corporate Sustainability Reporting Directive (CSRD). The...more

Commission proposal for a new European legal framework for GMOs

A&O Shearman on 9/8/2023

In its two Confédération Paysanne decisions (cases C-528/161 and C-688/21), the Court of Justice of the European Union limited the exclusion of plants and products obtained by new genomic techniques (NGTs) from the...more

EU Commission Adopts Final Sustainability Reporting Rules

Cadwalader, Wickersham & Taft LLP on 8/17/2023

On July 31, 2023, the European Commission announced its adoption of the European Sustainability Reporting Standards (ESRS) for companies subject to the Corporate Sustainability Reporting Directive (CSRD). The long-awaited...more

Implementation of the Credit Servicers Directive in Germany: A game-changer in the NPL-market

White & Case LLP on 8/4/2023

The Directive (EU) 2021/2167 sets out a harmonized regulatory framework for services in relation to non-performing loans and has to be implemented by Member States by 29 December 2023. In Germany, the draft bill of the Credit...more

Consumers Accuse European Airlines of Greenwashing, Claiming “Green” Air Travel Does Not Exist

Cadwalader, Wickersham & Taft LLP on 7/11/2023

On June 6, 2023, the BEUC and 23 of its member organizations from 19 countries filed a complaint with the European Commission and relevant consumer protection agencies pursuant to Directive 2005/29/EC, accusing 17 European...more

The EU Sustainable Finance Package: key points for private fund managers

Goodwin on 6/21/2023

On 13 June the European Commission (the Commission) published a new package of measures to bolster the EU sustainable finance framework. Its aim is to: “ensure that the EU sustainable finance framework continues to...more

Green Claims update - Green Claims Directive Proposal - Sustainable Products Regulations

Hogan Lovells on 6/21/2023

The European Commission has presented its long-awaited proposal for a Directive on substantiating environmental claims on March 22, 2023 which is intended to apply to all voluntary green claims covering not only texts, but...more

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