News & Analysis as of July 24, 2025

European Union › European Council

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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 -

Stop the Clock Directive Grants Delays in Corporate Sustainability Reporting and Due Diligence

Latham & Watkins LLP on 4/15/2025

The European Council has approved the Directive, which offers a temporary relief to companies facing requirements under the CSRD and CSDDD....more

Council of the European Union Adopts Revised EMIR 3 Package

A&O Shearman on 12/4/2024

The Council of the European Union has adopted the Regulation amending the European Market Infrastructure Regulation, the Capital Requirements Regulation, and the Money Market Funds Regulation as regards measures to mitigate...more

ESG Ratings Regulation progresses – asset managers to keep watch

Proskauer - Regulatory & Compliance on 11/11/2024

The European Council of the European Union has on 8 November published the text of the Regulation on the transparency and integrity of environmental, social and governance (ESG) rating activities (the “Regulation”). The...more

EU Adopts Cyber Resilience Act for Connected Devices

Goodwin on 10/15/2024

On October 10, 2024, the European Council officially adopted the Cyber Resilience Act (CRA), a regulation designed to ensure that products with digital features are secure to use and resilient against cyber threats, and that...more

AI Act Published - What’s Next?

Goodwin on 7/19/2024

The EU Artificial Intelligence (AI) Act is set to become the world’s first comprehensive regulation on AI. After extensive negotiations, the European Parliament, Commission, and Council reached a political agreement on the AI...more

AIFMD II: Timeline to Implementation

Walkers on 4/16/2024

In March, the Council of the European Union published the Alternative Investment Fund Managers Directive (AIFMD II), aimed at harmonising the rules on delegation, reporting and liquidity management, together with bringing in...more

EU Reaches Provisional Agreement on Forced Labour Regulation

Latham & Watkins LLP on 3/25/2024

The proposed regulation would ban forced labour-made products from the EU market, affecting companies’ supply chains and requiring compliance checks. On 5 March 2024, the European Parliament and European Council...more

EU Member States Reach Agreement on Corporate Due Diligence Directive

Latham & Watkins LLP on 3/18/2024

Following extended negotiations, the directive was endorsed with a significantly narrower scope that would reduce the number of companies affected. On 15 March 2024, EU Member States endorsed the Belgian Presidency’s...more

The EU AI Act Passes Another Hurdle Towards Becoming Law

Wilson Sonsini Goodrich & Rosati on 3/14/2024

On March 13, 2024, the European Parliament (EP) approved the latest draft of the European Union’s (EU) Artificial Intelligence Act (AI Act). Following this vote, the text will be sent to the Council of the EU (Council) for...more

European Parliament and Council Reach Political Agreement on Right to Repair Directive

Latham & Watkins LLP on 2/13/2024

The directive aims to reduce waste and bolster the repair sector. On 2 February 2024, the European Parliament (Parliament) and European Council (Council) reached a provisional deal on a directive promoting the repair of...more

Three Trends in AI Regulation in 2023 — AI: The Washington Report

Mintz - Antitrust Viewpoints on 12/28/2023

Welcome to this week’s issue of AI: The Washington Report, a joint undertaking of Mintz and its government affairs affiliate, ML Strategies. The year 2023 has been a significant one for artificial intelligence and AI...more

Navigating the New Era: European Union Reaches Milestone Deal on AI Regulation

NAVEX on 12/15/2023

In a historic move, European legislators made significant progress in defining the trajectory of artificial intelligence (AI) by striking a political agreement on extensive and ethical regulations for AI use. As outlined in...more

Political Deal on the EU AI Act: A Milestone but the Journey Continues

Akin Gump Strauss Hauer & Feld LLP on 12/14/2023

A ground-breaking, first of its kind, sector agnostic, comprehensive law regulating Artificial Intelligence (AI) was agreed in the European Union on Friday, 8 December 2023, between the European Parliament, Commission and...more

European Union Agrees to Terms of Artificial Intelligence Act

McDonnell Boehnen Hulbert & Berghoff LLP on 12/11/2023

After two-and-a-half years of negotiation disrupted by the rise of generative models, the European Parliament and the European Council have reached a provisional understanding of how artificial intelligence (AI) should be...more

The EU Platform Workers Directive: a further step forward

Ius Laboris on 7/5/2023

The European Council has agreed its position on the long-awaited Platform Workers Directive. Here we explain what has been agreed, who will count as a platform, and the way ahead. The Platform Workers Directive just...more

Durchsetzung von EU-Sanktionen – bald neue Befugnisse für die Europäische Staatsanwaltschaft?

Morrison & Foerster LLP on 2/14/2023

Jüngere Entwicklungen in der Europäischen Union („EU“) sowie politische Forderungen deuten darauf hin, dass die strafrechtliche Verfolgung von Sanktionsverstößen in der EU weiter intensiviert und gegebenenfalls sogar...more

European Parliament and European Council Reach Provisional Agreement on Carbon Border Adjustment Mechanism

Latham & Watkins LLP on 12/16/2022

The CBAM would seek to mitigate carbon leakage through the imposition of a levy on carbon-intensive imports into the EU, while free allowances under EU ETS would be phased out. On 13 December 2022, negotiators from the...more

European Council Adopts Negotiating Position on Corporate Sustainability Due Diligence Directive

Latham & Watkins LLP on 12/2/2022

The Council’s position includes a number of differences from the European Commission’s original proposal, including in relation to the requirement to diligence the broader value chain. On 30 November 2022, the European...more

You Better Watch Out: A New EU Corporate Sustainability Reporting Directive is Seeing the Day

Paul Hastings LLP on 7/26/2022

On June 21, 2022, the Council of the European Union (“European Council”) and European Parliament (“Parliament”) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (“CSRD”). A copy of...more

The EU Digital Markets Act – The Holy Grail of Big Tech Regulation?

Morrison & Foerster LLP on 7/19/2022

On July 18, 2022, the European Council formally adopted the “Regulation on contestable and fair markets in the digital sector”, also referred to as the “Digital Markets Act” or “DMA”. This marks the final step for this new...more

European Parliament and Council Reach Political Agreement on CSRD

Latham & Watkins LLP on 6/24/2022

The Corporate Sustainability Reporting Directive expands the existing sustainability reporting requirements and brings more companies under its scope. On 21 June 2022, the European Parliament and European Council reached...more

Corporate Aviation: Impact of Sanctions in Response to Russia's Invasion of Ukraine

Miller Canfield on 3/7/2022

In the wake of Russia's military invasion of Ukraine, several countries, starting with the 27 member states of the European Union and followed by the United States, Canada, Switzerland and Norway, have implemented...more

Update: COVID-19 Entry Restrictions to the European Union Relaxed

Morgan Lewis on 7/7/2020

We have summarized recommendations made by the European Council for an easement of restrictions for certain residents from July 1, 2020. The European Council has recommended that from July 1, 2020, EU countries allow entry...more

Blowing the whistle on inadequate protections: How does the new EU Whistleblower Directive improve on existing legislation?

White & Case LLP on 11/27/2019

'Whistleblower' is a widely used term. However, what it means and the protections a whistleblower might receive are by no means universal. Whistleblowers have been a regular presence in the news over recent years, from...more

Foreign Direct Investment Regulations Update: Australia, China, EU, Germany, UK and US

White & Case LLP on 4/29/2019

This Alert provides an update with respect to foreign direct investment ("FDI") regimes in certain key jurisdictions since the Firm's comprehensive FDI Guide, National Security Reviews 2018, was published in November 2018....more

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