- 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
Reforming the Union Customs Code: a proposal from the European Commission towards harmonizing European Union customs digitalization
By Vassilis Akritidis & Oleksii Yuzko on
Posted in European Union (EU), Union Customs Code
- Key takeaway #1 The European Commission has proposed reforming the Union Customs Code to strengthen the legal framework for customs and bring it into line with recent changes in IT technologies and e-commerce while improving the harmonization of EU customs rules.
- Key takeaway #2 In principle, customs digitalization should be
Sanctions/Export Highlights [As of June 23, 2022]
Posted in Uncategorized
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…