JD Supra European Union

Law Firm

Latest documents

• UK Regulators Acknowledge European Systemic Risk Board Recommendation on Financial Institution Distributions

  The Bank of England and U.K. Prudential Regulation Authority have publicly acknowledged the ESRB's Recommendation on the restriction of distributions during COVID-19...

• European Systemic Risk Board Announces Further Actions to Combat Impact of COVID-19

  The European Systemic Risk Board has announced a series of further actions designed to combat the impact of COVID-19 on European financial markets. The actions relate to the five priority areas already identified by the ESRB as requiring particular focus in the context of the COVID-19 pandemic, as follows...

• Financial Government Support Measures Related to COVID-19 for European Corporates

  The economic crisis caused by the spread of the coronavirus triggered an unprecedented response from European governments to support their economies with various measures of support.
 
 This overview summarizes the various support initiatives that have been made available for companies in Europe's most important jurisdictions. Covering seven countries (Germany, United Kingdom, France, the Netherlands, Spain, Belgium, and Italy), we highlight the amount of funds made available, eligibility criteria, how to apply, and what process needs to be followed. It is intended as a high-level overview for companies with operations in one or more of those European countries listed.
 
 Please see full White Paper below for more information.

• UPDATE: Council Of The European Union Announced Its List Of “Safe Countries”

  On Tuesday, June 30, 2020, the Council of the European Union announced its list of “safe countries” from which the EU will allow entry by business and tourism travelers. The countries that made the list are: Algeria, Australia, Canada, Georgia, Japan, Montenegro, Morocco, New Zealand, Rwanda, Serbia, South Korea, Thailand, Tunisia and Uruguay. China will be included on the list if it allows entry to E.U. travelers in return. As predicted, the United States, Russia and Brazil did not make the list. The list will be reviewed every two weeks and may be updated if the coronavirus situation in other countries improves or worsens, the E.U. statement said. We will keep an eye on this developing situation.

• European Union Moves Toward New Framework for Foreign Subsidies Control

  The European Commission has published a White Paper proposing to grant the Commission new enforcement powers to address competition distortions caused by companies operating in, or entering into, the European Union’s Internal Market, which benefit from subsidies from third-country governments.

• Protecting Personal Data in a Pandemic: GDPR Meets COVID 19 - Part 1

  Introduction -
 
 The COVID-19 pandemic brings a sharp focus to the difficult balance that the GDPR seeks to strike between the rights of individuals and society as a whole.

• European Competition Law Newsletter – July 2020

  EU, UK Competition, State Aid and Public Procurement Law During COVID-19 Pandemic -
 
 While not the most important concern, it should be appreciated that European Union and national antitrust/competition law, plus the state aid and public procurement rules, continue to apply in the EU and UK during the crisis. So far as the UK is concerned, it is subject to EU law until at least 31 December 2020 while the post-Brexit transition period is running.

• U.S. Travelers Subject to Continued EU Restrictions on Non-Essential Travel

  On June 30, 2020, the Council of the European Union adopted recommendations on the gradual lifting of the temporary restrictions on non-essential travel into the European Union (EU). Under the new guidance, U.S. tourists will be excluded from visiting the EU for the foreseeable future based on the finalized list of 15 “safe countries” for which entry restrictions on non-essential travel will be removed.

• COVID-19: State Aid in the EU and UK

  While the COVID-19 outbreak is a severe public health emergency for citizens and societies, it also poses the risk of a serious downturn in the economy, affecting businesses, jobs, and households.
 
 In these exceptional circumstances, undertakings of all kinds may face a sudden shortage or even unavailability of liquidity, may suffer damages directly caused by the measures taken to tame the spread of the virus, or may struggle to preserve the continuity of economic activity during and after the outbreak.
 
 Please see full Publication below for more information.

• COVID-19: EU State Aid Granted to the Aviation Sector

  Austria has reportedly agreed to grant to Austrian Airlines €600 million to secure its future operation as a network carrier in Vienna. The aid consists of a 90% state-guaranteed loan (€300 million) and a direct grant (€150 million). The package also foresees a €150 million contribution by the Lufthansa Group. 
 
 The aid is conditional on a 10-year guarantee for Austrian Airlines to maintain its hub in Vienna and on a 30% CO2 emission reduction by 2030. The airline has six years to repay the loan. The Austrian government will receive seats in Austrian Airlines’ domestic private foundation and on its supervisory board. In addition, the carrier should not offer short-haul flights which are reachable by train within three hours, such as the Vienna to Salzburg route.
 
 Please see full Publication below for more information.

Featured documents

• Brussels Brief - February, 2011

  KEY DEVELOPMENTS
 
 Parental Liability – Another Piece in the Puzzle
 General Química v Commission
 
 In recent years, the highest courts in the European Union have consistently held that parent companies may be held liable for infringements of competition law committed by their ...

• Financial Services Europe and International Update: Regulatory Developments - May 2011, Issue 6

  This DechertOnPoint summarises current regulatory developments in the European Union and the UK and certain other EU member states in the investment funds and asset management sectors in the past four weeks.
 
 EU and Supranational Regulatory Developments:
 
 p1 European Commission...

• The EU’s New Sanctions Against Libya – A Summary Of The Sanctions Measures To Date

  On 28 February 2011, the Council of the European Union (EU) introduced a new EU regime for economic sanctions against Libya when it adopted Council Decision 2011/137/CFSP. This Decision was accompanied by Council Regulation 204/2011, featuring the main framework of implementing EU rules, which...

• European Commission Releases CRD IV Proposals

  On July 20, the European Commission published its proposals for a regulation and a directive which will implement the Basel III capital reforms and replace the existing Capital Requirements Directive (2006/48/EC and 2006/49/EC). This proposal is known as CRD IV or CRD 4.

 

 The...

• CE Marking 101 – Frequently Asked Questions About CE Marking (or Questions That Ought to be Asked More Frequently)

  Despite the fact that the CE mark has been around for more than 15 years, its meaning and importance are often not well understood by those who wish to market their products in Europe, as well as the consumers and end users of such products. In this article, we review the CE marking requirements...

• Levelling the playing field

  The European Court of Justice (ECJ) today gave its judgment in cases brought by the FA Premier League (FAPL) and its licensing partners against the sellers and users of satellite TV decoder cards shipped from Greece to the UK and used in British pubs to screen live Premier League games.

 &#...

• EU Environment Report - October 2011

  In this issue…

 

 Chemical

 

 - French proposal to ban Bisphenol A in food containers approved by Assemblée Nationale

 

 - Commission adopts first-ever international definition of nanomaterials

 

 - ECHA publishes list of 91...

• Financial Services Europe and International Update - November 2011 / Issue 14

  In This Issue: 

 

 European Union and International Regulatory Developments:

 

 p1 The EU’s Transparency Directive: European Commission Proposal for an Amending Directive; p1 BCBS Consultation on Capitalisation of Exposures to CCPs; p1 Financial Stability Board...

• Dexia / Soros - Basel III and the Importance of Faith

  While Europe is sorting through Dexia’s assets, it is worth exploring Dexia’s fall in light of Basel III. As mentioned here previously, Dexia had been reporting Tier I capital of roughly 10%. Well done! That would clearly meet the proposed capital requirements to be phased in over the next year. So ...

• Financial Services Europe and International Update - January 2012, Issue 1

  Regulatory Developments - This update summarises current regulatory developments in the European Union and the UK focusing on the investment funds and asset management sectors, during the past four weeks.

 

 EU Regulatory Developments:

 

 p1 ESMA 2012 Work...