EU

Subscribe to EU

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.

Click here to continue reading the full version of this alert.

The Council of the European Union and the European Parliament have reached a provisional deal on regulations banning forced labor in European Union supply chains. The legislative proposal supports the EU’s goals of prohibiting the use of forced labor in manufacturing, applying to both manufacturing within Europe and also to goods imported from abroad. This…

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…

What You Need to Know

  • Key takeaway #1 As of October 12, 2023, companies active in the EU have to notify foreign financial contributions (FFCs) received from third countries to the Commission, when they engage in large M&A transactions or participate in high-value public procurements. Pending the Commission’s review of such notifications, a standstill obligation
…

New UK Sanctions: The UK announced a new tranche of restrictions on June 22, 2022, which became effective on Thursday, June 23, 2022.  As summarized on the UK government’s website, the latest prohibitions include the following:

Export Restrictions

Prohibitions on the export, supply and delivery, making available and transfer (as well as related technical…