News & Analysis as of

Exemptions European Union

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Targets Reform of the Investment Manager Exemption

On 28 April 2025, the UK government published draft legislative amendments to: - Align the UK’s domestic tax rules on permanent establishments (PE) with the 2017 Organisation for Economic Co-operation and Development (OECD)...more

Mayer Brown Free Writings + Perspectives

Refresher: EU Capital Requirements Directive 6 (“CRD6”) – What Cross-Border Financial Institutions Need to Know

Many US and other non-EU financial institutions which lend or undertake trade finance business on a cross border basis into Europe do so in reliance upon exemptions under local law.  These exemptions typically permit these...more

Warner Norcross + Judd

Tariffs 2.0

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The business world is getting ready for promised tariffs expected as soon as Feb. 1 of this year. Which tariffs will be issued related to which products and countries is unclear at this point. There have been mentions of 25%...more

A&O Shearman

Pensions: what's new this week - January 20, 2025

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Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Government confirms continuation of clearing exemption - ...more

Walkers

Listing Act – Part 1: Prospectus Changes

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EU Listing Act package simplifies listing requirements and post-listing obligations. Targeted amendments to the Prospectus Regulation remove disproportionate complexity but preserve investor protection....more

Goodwin

EU Adopts Cyber Resilience Act for Connected Devices

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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

Akin Gump Strauss Hauer & Feld LLP

The EU Corporate Sustainability Reporting Directive – Draft FAQs and the European Sustainability Reporting Standards

The European Union (EU) Commission has published a draft set of frequently asked questions (FAQs) on the interpretation of certain provisions of the EU Corporate Sustainability Reporting Directive (CSRD) and the first set of...more

Pillsbury Winthrop Shaw Pittman LLP

The EU’s AI Act: A Review of the World’s First Comprehensive Law on Artificial Intelligence and What This Means for EU and Non-EU...

The agreed text of the AI Act was published on July 12, 2024, essentially starting the clock on the legal deadlines contained in it. Its obligations will apply in tiered phases, with the first key obligations being enforced...more

Akin Gump Strauss Hauer & Feld LLP

Delaware Data Protection Act: What Businesses Need to Know

In September 2023, Delaware became the seventh state in 2023 to enact comprehensive privacy law with the Delaware Personal Data Privacy Act (DPDPA), joining Indiana, Iowa, Montana, Oregon, Tennessee and Texas. The DPDPA will...more

Walkers

Transposition of Credit Servicers Directive in Ireland – Overview

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On 29 December 2023, the Minister for Finance signed the European Union (Credit Servicers and Credit Purchasers) Regulations 2023 (the "Regulations") into law, thereby transposing the Directive on credit servicers and credit...more

Barnea Jaffa Lande & Co.

MiCA and Reverse Solicitation

Non-EU or non-MiCA compliant entities that want to offer or provide crypto-asset services to clients in the EU must be aware of the newly drafted guidelines from the European Securities and Markets Authority (ESMA). The...more

McDermott Will & Schulte

Update on Tax, Investment Funds and Real Estate Law - The VAT Exemption for Alternative Investment Funds Is Coming Soon

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Management services for alternative investment funds (AIFs) will be free from value-added tax (VAT) starting in 2024. This is good news for Germany as a fund location because there will finally be alignment with the more...more

BCLP

The only way is up?

BCLP on

We all see inflation rates having one direction only at the moment… Up. And higher inflation rates are bringing price adjustment clauses increasingly into focus in contract drafting. They are an effective means of...more

A&O Shearman

Revised EU rules on horizontal cooperation agreements include guidance on sustainability initiatives, information exchange and...

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On 1 June 2023, the European Commission (EC) adopted revised Horizontal Block Exemption Regulations on research & development agreements (R&D BER) and specialisation agreements (Specialisation BER) (jointly referred to as...more

Morrison & Foerster LLP

Exemptions for Pensions and Intragroup Transactions Extended Under UK EMIR in Further Divergence from EU EMIR

Pension funds and entities with in-scope intragroup OTC derivative transactions will be able to continue to rely on the temporary exemptions from clearing and/or margining requirements under UK EMIR, following the publication...more

BCLP

State aid: European Commission adopts new rules for agriculture, forestry and fishery and aquaculture sectors

BCLP on

The European Commission has revised its state aid rules for the agricultural, forestry and fishery/aquaculture sectors. The revisions relate to: ..the Agricultural Block Exemption Regulation (ABER); ..the Fishery...more

McDermott Will & Schulte

Die Vergütung eines freigestellten Betriebsratsmitglieds

Einvernehmlicher Änderungsvertrag beeinflusst den Kreis der vergleichbaren Arbeitnehmer - Das BAG hat mit Urteil vom 23. November 2022 (Az. 7 AZR 122/22) den Anspruch eines freigestellten Betriebsratsmitglieds auf...more

Hogan Lovells

[Webinar] Mind the vertical gap: An update on the new rules on vertical agreements in the EU and UK - September 29th, 12:00 pm -...

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Join the Hogan Lovells Antitrust and Competition team on Thursday, September 29, 2022 for a discussion on the key recent changes to the vertical agreement block exemptions in both the EU and UK: - Highlighting the key...more

Latham & Watkins LLP

6 Sustainability Takeaways in EU Antitrust & Regulatory - August 2022

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EU Parliament and Council reach agreement on CSRD - European Parliament and European Council | 21 June 2022 - The European Parliament and European Council reached a provisional political agreement on the terms of the...more

Latham & Watkins LLP

Vertical Block Exemption Regulation and Guidelines

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On 10 May 2022, the European Commission (EC) adopted the new Vertical Block Exemption Regulation (VBER), accompanied by the new Guidelines on Vertical Restraints (Vertical Guidelines). The new rules are the result of a...more

WilmerHale

European Commission adopts new Vertical Block Exemption Regulation

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On May 10, 2022, the European Commission adopted the final text of the new Vertical Block Exemption Regulation (VBER) accompanied by the new Guidelines on Vertical Restraints (the VGL), which provide detail on interpretation...more

White & Case LLP

European Commission issues proposed guidance on information exchange in dual distribution relationships

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As part of its review of the EU antitrust rules governing vertical agreements, the European Commission (EC) has published for consultation a draft new section of its Vertical Guidelines, which contains proposed guidance on...more

Butler Snow LLP

U.S. Privacy Law: Past, Present and Future

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Privacy law is a hot topic for legislatures in the United States at both the state and federal levels. With the advent of influential laws from international governments, including the European Union, the lack of significant...more

Goodwin

New Developments on the VAT Exemption for Fund Management Services

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On 17 June 2021, the Court of Justice of the European Union (CJEU) rendered two decisions about the application of the VAT exemption for management services provided in article 135 (1) (g) of the EU VAT Directive and...more

Latham & Watkins LLP

EU Automotive Rules Under Review: Results of the Public Consultation

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The European Commission (EC) has published the results of its public consultation on the review of the Motor Vehicle Block Exemption Regulation (MVBER). Key Points: ..The automotive sector is under surveillance as it has...more

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