Sources in this library
The Digital Services Act: Practical Implications for Online Services and Platforms - March 2023
The Digital Services Act (DSA) is a key part of the European Union’s (EU) digital regulation strategy, which seeks to modernise legal frameworks and create a safer and more open digital environment. The DSA entered into force in the EU on 16 November 2022. Whilst a number of provisions took effect on this date (including the provisions empowering the European Commission (Commission) to designate certain entities as “very large online platforms” (VLOPs) and “very large online search engines” (VLOSEs), as well as the obligation on online platforms to publish transparency reports), the majority of the operative provisions will not come into force until 17 February 2024. Please see full Publication below for more information.
Hydrogen in Europe: An update on the RED II Delegated Acts
Any good Shakespearian drama comes in at least five acts. The long-awaited Delegated Acts under Articles 27 and 28 of RED II are no exception. In what could be the fourth act, the Acts were finally adopted by the European Commission on 10 February 2023. Please see Publication below for more information.
- Upcoming FinTech-related Regulatory Developments ' March And April 2023
- Update On Fit For 55 And REPowerEU
- Corporate Sustainability ' Sharing The Green Deal Burden
- EU Announces New Rounds Of Sanctions As Russia's War In Ukraine Marks One Year
- Arbitration In Europe: New Rules On Third-party Litigation Funding
EU Securitisation Regulation: EBA final report on the draft amending RTS on homogeneity standards for STS securitisations published, addressing some of the industry concerns
In February 2023, the European Banking Authority published its final report on the draft amending regulatory technical standards (the draft RTS) relating to the homogeneity requirements for simple, transparent and standardised (STS) securitisations under the EU Securitisation Regulation.
Deal Flow 3.0: European Venture Capital Deal Term Review 2022
Foreword - Despite a shift to economic headwinds, investors injected more than $95B into the European tech market in 2022, the second-largest amount ever. To see how deal terms changed, Orrick developed new technologies and processes to analyse more than 500 transactions we closed for our clients in Europe in 2022 with an aggregate value of more than $12B. 5 Things We Learned About European Tech Deal Terms in 2022 1. Market instability led to a shift towards more investor-friendly terms, including: Founders were required to stand behind warranties in 44% of venture deals despite wide agreement of less need for founders to be financially liable for warranties. We expect this to change now that new British Private Equity & Venture Capital Association (BVCA) model forms in greater circulation confirm a market norm of requiring company-only warranties. Please see full Publication below for more information.
- State Aid: Amendments To The European Commission's Temporary Crisis Framework In The Context Of The Russian Invasion Of Ukraine