Jones Day (JD Supra European Union)

178 results for Jones Day (JD Supra European Union)

  • European Courts Face a Rising Tide of Climate Litigation

    European courts, both at the Union level and the Member State level, are continuously facing a rising tide of climate litigation cases, with different responses. At the European Union (EU) level, on March 25, 2021 the Court of Justice of the European Union (CJEU) dismissed the so-called “People’s Climate case,” a legal action brought in 2018 by ten families from European and non-European...

  • Model Terms Demanded for Cloud Service Agreements with European Banks

    An interest group of EU banks that was formed to assist European financial institutions with their use of public cloud technology recently suggested model terms for the compliant use of cloud technology. On May 17, 2021, the European Cloud User Coalition ("ECUC"), an interest group of EU banks formed to assist European financial institutions ("FI") with their use of public cloud technology,...

  • European Commission Update: The Future REACH Revision and PFAS Restriction

    The REACH reform recently announced by the European Commission is expected to substantially change the current rules for REACH restrictions and authorizations. The European Commission ("Commission") has recently provided an important update on the two key initiatives enshrined in the new Chemicals Sustainability Strategy ("CSS"): the future revision of Regulation (EC) No 1907/2006 on the...

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 40

    LATEST KEY DEVELOPMENTS Competition & State Aid • Launch of Multilateral Working Group of leading competition authorities to assess the effects of mergers in the pharmaceutical sector, including drug pricing • European Parliament issues Study on Non-performing Loans (“NPLs”), including addressing EU State aid rules and potential surge in NPLs due to COVID-19 crisis • EU approves...

  • New Exemption to Market Sounding Regime Under the Market Abuse Regulation

    The Situation: An exemption to the market sounding regime under the Market Abuse Regulation ("MAR") that became applicable on 1 January 2021, will increase the attractiveness of private placements of bonds by easing information disclosure burdens. The Result: Communicating inside information to qualified investors in the context of a private placement of bonds may, in certain circumstances, no

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 39

    LATEST KEY DEVELOPMENTS Competition & State Aid • European Commission pursues Fit for Future Platform to simplify EU law, including in the area of State aid, particularly in response to the pandemic • EU approves new and amended Member State measures to support the economy Trade / Export Controls • EU and U.S. agree to suspend all tariffs linked to Airbus and Boeing WTO disputes,...

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 38

    LATEST KEY DEVELOPMENTS - Competition & State Aid • Use of EU COVID-19 recovery funds to roll out very high capacity telecoms networks must adhere to State aid rules • EU approves new and amended Member State measures to support the economy Trade / Export Controls • European Parliament International Trade Committee discussion on Communication on Trade Policy Review, including COVID-19...

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 36

    This regular alert covers key regulatory EU developments related to the COVID-19 situation. It does not purport to provide an exhaustive overview of developments and contains no analysis or opinion. LATEST KEY DEVELOPMENTS - Competition & State Aid • EU approves new and amended Member State measures to support the economy Trade / Export Controls • European Commission issues FAQs on export

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 35

    Competition & State Aid • EU approves new and amended Member State measures to support the economy Trade / Export Controls • EU and India launch the High-Level Dialogue on Trade and Investment, with a particular focus on COVID-19’s impact • EU adopts Joint Communication on new Agenda for the Mediterranean, particularly in view of Southern Neighbourhood recovery from the COVID-19...

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 31

    LATEST KEY DEVELOPMENTS - Competition & State Aid • €25 billion Pan-European Guarantee Fund deployed for the first time • EU approves new and amended Member State measures to support the economy Trade / Export Controls • No noteworthy items for this issue Medicines, Medical Devices, and Personal Protective Equipment • European Medicines Agency starts evaluation of...

  • Directors' Duties—A European Overview: Financial Distress and COVID-19 - November 2020

    A company or group's financial distress causes significant turmoil for its owners, directors, managers, employees and often its suppliers and other creditors. For directors in particular, there are significant responsibilities and potential personal liabilities associated with the management of a company where its business is in financial distress. In this White Paper,we provide an overview of...

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 27

    LATEST KEY DEVELOPMENTS - Competition & State Aid • EU approves new and amended Member State measures to support the economy • European Commission Executive Vice-President Margrethe Vestager speech on COVID-19 State aid measures Trade / Export Controls • European Commission introduces surveillance of bioethanol imports • Commission expands Guidance on COVID-19-related...

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 26

    This regular alert covers key regulatory EU developments related to the COVID-19 situation. It does not purport to provide an exhaustive overview of developments and contains no analysis or opinion. LATEST KEY DEVELOPMENTS - Competition & State Aid • EU approves new and amended Member State measures to support the economy Trade / Export Controls • European Commission announces...

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 26

    This regular alert covers key regulatory EU developments related to the COVID-19 situation. It does not purport to provide an exhaustive overview of developments and contains no analysis or opinion. LATEST KEY DEVELOPMENTS - Competition & State Aid • EU approves new and amended Member State measures to support the economy Trade / Export Controls • European Commission announces...

  • European Commission Announces 2030 Climate Target Plan

    European Commission Announces 2030 Climate Target Plan - As part of the European Green Deal—and flowing from the European Commission's (the "Commission") December 2019 announcement of a 2050 zero carbon target across the European Union ("EU")—on September 17, 2020, the Commission announced its Climate Target Plan on how to increase the EU's greenhouse gas ("GHG") emissions reduction target...

  • Mapping Out Rental Controls Across Europe

    The term "Rent Controls" refers to measures designed to restrict the amount of rent that a landlord can charge a tenant for residential premises. Rent control measures appear in various forms across Europe, ranging from strict caps on the initial rent that can be charged under a tenancy, or measures that allow free negotiation of the initial rent but moderate any rental increases. Rent controls...

  • ISDA's IBOR Supplement and Protocol: Background, Operation, Prognosis

    The International Swaps and Derivatives Association, Inc. ("ISDA") has finally published its long-awaited "Amendments to the 2006 ISDA Definitions to include new IBOR fallbacks" ("IBOR Supplement") and accompanying "protocol" ("Protocol"). The Protocol will be open for adherence on October 23, 2020, and the IBOR Supplement will be "effective" January 25, 2021. Briefly stated, the IBOR...

  • Changes to the Regulatory and Prudential Requirements for European Investment Firms

    Regulation (EU) 2019/2033 on the prudential requirements of investment firms and Directive (EU) 2019/2034 on the prudential supervision of investment firms (collectively, "IFR/IFD Framework") significantly change the regulatory and prudential environment of investment firms. The Framework categorizes investment firms based on a combination of quantitative criteria with other criteria (such as the

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 24

    This regular update (no. 24 | 13 October 2020) covers key regulatory EU developments related to the evolving COVID-19 situation (Antitrust & State Aid; Trade/Export Controls; Medicines, Medical Devices and Personal Protective Equipment; and Cybersecurity, Privacy & Data Protection). Please see full Publication below for more information.

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 23

    This regular update (no. 23 | 29 September 2020) covers key regulatory EU developments related to the evolving COVID-19 situation (Antitrust & State Aid; Trade/Export Controls; Medicines, Medical Devices and Personal Protective Equipment; and Cybersecurity, Privacy & Data Protection). Please see full Publication below for more information.,

  • COVID-19 Key EU Developments, Policy & Regulatory Update No. 22

    This regular update (no. 22 | 22 September 2020) covers key regulatory EU developments related to the evolving COVID-19 situation (Antitrust & State Aid; Trade/Export Controls; Medicines, Medical Devices and Personal Protective Equipment; and Cybersecurity, Privacy & Data Protection). Please see full Publication below for more information.

  • European Court of Justice Ruling on Daily Registration of Working Time—One Year Later

    The European Court of Justice ("ECJ") issued a landmark ruling in 2019 that obligated EU Member States to require employers to establish an objective, reliable, and accessible system for recording the hours worked each day by employees (i.e., a daily working time registry). Following the ECJ decision, EU countries that did not already require employers to record daily working time needed to adopt

  • Strategies and Considerations for Reducing Labor Costs in the EU

    The Situation: Targeted legislative and regulatory measures implemented by many EU Member States during the pandemic may ultimately prove insufficient to ease employers' burdens and prevent employment losses. The Result: Companies may need to consider various strategies to reduce labor costs. The current uncertain economic situation may facilitate negotiation and implementation of...

  • European Commission Launches Innovation Fund Call for Proposals to Support Innovative Clean Energy Projects

    On June 25, 2020, the Court of Justice of the European Union ("ECJ") delivered a judgment (C24/19) clarifying that orders and circulars of EU Member States that regulate the installation and operation of wind turbines constitute "plans and programs" subject to environmental assessment under Directive 2001/42. In this matter, neighbours of a site intended for wind turbines in Belgium challenged

  • European Court of Justice Imposes Stringent Environmental Assessment Requirements for Renewable Energy Projects

    On June 25, 2020, the Court of Justice of the European Union ("ECJ") delivered a judgment (C24/19) clarifying that orders and circulars of EU Member States that regulate the installation and operation of wind turbines constitute "plans and programs" subject to environmental assessment under Directive 2001/42. In this matter, neighbours of a site intended for wind turbines in Belgium challenged

  • "Class Actions" in Europe: Steps Toward a Harmonized Litigation Framework

    The Situation: Negotiators for the European Parliament and the Council of the European Union (the "Council") have reached an agreement on new European rules on collective consumer action. The Council has thus published a proposal for a "Class Actions" Directive (the "Directive"). The Issue: The European Union ("EU") has been seeking to strengthen consumer rights vis-à-vis companies in "mass...

  • EU Court Overturns Commission Decision in Landmark Apple Tax Case

    The Development: The EU General Court annulled the European Commission's decision in the Apple case, holding that the Commission did not prove that the Irish tax rulings in question gave rise to a selective advantage under EU State aid rules. The Result: Following the Fiat and Starbucks cases, this ruling acknowledges that the Commission is empowered to scrutinize tax rulings under State aid...

  • The EU "Club" Gets More Exclusive: Closing The Doors On Foreign Subsidies?

    Although the EU has strict rules that limit the circumstances in which Member States can subsidize companies in the EU, the rest of the world does not. The European Commission considers this difference unfair because it would distort competition in the EU and global markets. The European Commission recently released a White Paper that discusses a future framework to address the perceived...

  • Foreign Direct Investment Screening in Europe and the Middle East

    One effect of the COVID-19 pandemic has been to accelerate the implementation of new or stricter controls on inward-bound foreign direct investment activity ("FDI"), particularly in the European Union. For example, in March 2020, the European Commission issued revised guidance encouraging EU Member States to make full use of their FDI screening regimes. More recently, the French, Dutch, German,...

  • 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...

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