The notification obligations set out in the EU Foreign Subsidies Regulation (FSR) became applicable about a year ago. High value M&A transactions and government calls for tender now need to be notified to the European Commission before they can be finalized. What lessons can be learned from the application of the FSR to date? Has
EU Implements Long-Awaited “14th Round” of Sanctions Against Russia, Further Targeting Circumvention, LNG and the Transportation Sector
An overview on new Russian sanctions and export controls issued by the European Union, focusing on anti-circumvention measures and the Russian financial, military, and LNG industries.
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Navigating Compliance: Preparing for the EU Corporate Sustainability Due Diligence Directive
The Corporate Sustainability Due Diligence Directive represents a significant step in aligning corporate activities within sustainable and ethical practices, reinforcing the EU’s commitment to environmental and human rights standards.
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Making the EU Courts More Efficient for Trade-Related Decisions
In recent years, the number of cases brought before the Court of Justice of the European Union (CJEU) has significantly increased. To address this, the European Council has adopted changes that should give the CJEU considerably more flexibility in how it handles certain preliminary ruling requests, and in particular those relating to international trade issues.
The EU CBAM Transitional Period Begins: A Practical Guide for EU Importers
What You Need to Know
New EU/UK Restrictions on Russian-origin Iron and Steel Products
From September 30, 2023, new EU and UK sanctions will come into effect targeting the imports of specified iron and steel products which are processed in third countries and incorporate Russian-origin iron and steel inputs. Importers will need to declare upon import whether the imported goods are compliant (and be prepared to provide evidence demonstrating
Reforming the Union Customs Code: a proposal from the European Commission towards harmonizing European Union customs digitalization
What You Need to Know
EU restrictive measures against Iranian Unmanned Aerial Vehicles
On July 25, 2023, the EU published in its Official Journal two legal acts aimed at strengthening EU sanctions in the context of Russian-Ukrainian war, by sanctioning Iran, a third country that helps Russia. The measures are designed to tackle the production of Iranian Unmanned Aerial Vehicles (UAVs), which are used in combat by Russian
EU Considers Adding More Teeth to Sanctions Enforcement with Adoption of Draft Law Criminalizing Sanctions Evasion
Key Takeaways
AG Tamara Capeta Calls for the Extension of the EU FDI Screening Regulation Scope Ahead of the Regulation’s Revision
Tamara Capeta, Advocate General of the Court of Justice of the European Union, has given her opinion regarding the scope of the EU Foreign Direct Investment Screening Regulation. AG Capeta considers the Regulation to cover not only acquisitions by foreign (non-EU) investors, but also the acquisition of one EU undertaking by another, if the acquirer