Restrictive measures in response to the war in Ukraine: According to the EU General Court, the prohibition on providing legal advisory services to the Russian Government and to entities established in Russia is valid. The General Court dismisses three actions seeking the annulment of this prohibition.
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Bike Mobility Services B.V (‘BMS’) of the Netherlands by Volkswagen Financial Services AG (‘VWFS’) of Germany and Pon Bicycle Holding B.V. (‘Pon.Bike’) of the Netherlands.
The transaction relates primarily to the bike leasing sector.
Today, the Commission signed an agreement with Türkiye on a €400 million grant from the European Union Solidarity Fund (EUSF) to finance post-disaster recovery operations after the devastating earthquakes that hit the country in early 2023.
The signing of the agreement took place in Brussels, between Commissioner for Cohesion and Reforms Elisa Ferreira and Turkish Deputy Minister for Foreign Affairs, Mehmet Kemal Bozay.
On 23 September 2021, the Commission sent a letter of formal notice to Belgium concluding that the following parts of the Directive had not been transposed correctly: the right of a minor to have access to a lawyer in a concrete and effective manner; derogation from the right of access to a lawyer due to geographical remoteness; and derogations from the right of access to a lawyer in criminal proceedings.
The European Commission has informed the Greek electricity provider Public Power Corporation (‘PPC’) of its preliminary view that it has breached EU antitrust rules by selling electricity in the Greek wholesale market below cost, thereby excluding its main rivals.
PPC is the largest supplier of retail and wholesale electricity in Greece, in which the Greek State holds an important minority stake. Between 2013 to 2019, PPC controlled all lignite
In the EU, approximately 50 000 to 150 000 workers are exposed to lead and 4.2 million workers to diisocyanates every year. The new law, already agreed with member states and adopted today with 589 votes in favour, 10 votes against and by 40 abstentions, will protect workers’ health more effectively by lowering exposure limits for these substances.
Both substances are widely used to renovate buildings and to produce
The European Market Infrastructure Regulation (EMIR) lays down rules on over-the-counter (OTC) derivatives, central counterparties (CCPs) and trade repositories. The proposed EMIR review contains several legislative measures to improve EU clearing services, notably by streamlining and shortening procedures, improving consistency between rules, strengthening CCP supervision and requiring market participants of substantial systemic importance, who are subject to a clearing obligation, to have an operationally active account at an EU CCP.
The Council presidency and European Parliament negotiators have reached a provisional agreement on the Strategic Technologies for Europe Platform (STEP).
The platform will mobilise investments in the fields of digital and deep tech, cleantech and biotech, with the overall aim of strengthening the EU’s sovereignty and long-term competitiveness in critical technologies.
The REPower-CEST project is part of the REPowerEU chapter of Finland’s Recovery and Resilience Plan. The European Commission presented the REPowerEU plan in May 2022. The aim is to reduce the EU’s dependence on Russian fossil fuels and to speed up the green transition. The REPowerEU plan is based on the implementation of the proposals of the EU’s Fit for 55 package. The EU aims to reduce greenhouse gas emissions
The new law lays down minimum rules concerning the definition of specific criminal offences and penalties to address this form of violence. It also sets out rights of victims of all forms of violence against women or domestic violence, and provides for their protection.
Today, the Commission is adopting a proposal to update the criminal law rules on child sexual abuse and sexual exploitation. Child sexual abuse is a heinous crime which has evolved significantly over the past years. These revised rules expand the definitions of offences and introduce higher penalties and more specific requirements for prevention and assistance to victims. They are complementary to the proposal for a Regulation that the Commission put
The Commission has today published a detailed impact assessment on possible pathways to reach the agreed goal of making the European Union climate neutral by 2050. Based on this impact assessment, the Commission recommends a 90% net greenhouse gas emissions reduction by 2040 compared to 1990 levels, launching a discussion with all stakeholders; a legislative proposal will be made by the next Commission, after the European elections, and agreed with
To accelerate the deployment of gigabit network infrastructure across Europe, the Council presidency and European Parliament’s negotiators reached a provisional agreement today on a proposal to replace the 2014 broadband cost-reducing directive (BCRD) by the gigabit infrastructure act (GIA). GIA is an essential piece of legislation to achieve Europe’s connectivity objectives and targets, as set out in the EU’s digital compass for this decade, and to deploy the next generation
In September 2023, France informed the Commission of its plan to amend Corsair’s restructuring plan with the view to allow the airline to refocus its operations and to adapt to the new business environment. France submitted that the business plan underlying the Corsair’s 2020 restructuring plan was based on assumptions which have not been confirmed and that exceptional unforeseeable external events had a particularly unfavourable impact on Corsair. France submitted
Through the agreement the European Union will provide up to €90 million in financial guarantees to support investments in Ukraine to IFC, a member of the World Bank Group, as part of IFC’s Better Futures Program (BFP). Mobilised investments under the program by the private sector are expected to reach more than €500 million across sectors including essential infrastructure and goods production, promoting decarbonisation and the preservation of livelihoods.
The Commission has actively and closely monitored the evolution of the market conditions at Amsterdam airport. Specifically, this concerned the degree of congestion of the airport and the operations of the Blue Skies joint venture (‘JV’) between Air France-KLM Group, Delta and Virgin Atlantic, to identify any risk of serious and irreparable damage to competition for transatlantic traffic, in particular on the Amsterdam-New York route. The Commission stood ready to
The 2024 AUWP includes 72 actions supporting the EU’s policy ambitions towards a green, digital and resilient Single Market. Amongst these, the Commission highlights eight particular actions as policy priorities, including standards for activities on quantum, critical raw materials, the data economy, digital identity, heat pumps, cybersecurity, hydrogen and electric vehicles charging infrastructure.
Today also marks the second anniversary of the Commission’s standardisation strategy, aimed at strengthening the EU’s
The Listing Act will help alleviate the requirements companies face both at the moment of listing and after they have been listed, and will contribute to preserving transparency, investor protection and market integrity. The Listing Act will also contribute to the Commission’s objective of simplifying reporting obligations and reducing administrative burdens by 25%. It will also address the issue of fragmentation in national laws that restricts the flexibility of companies
The listings include the Attorney General of Guatemala, María Consuelo Porras Argueta De Porres and three other officials at the Guatemalan Public Prosecutor’s Office – Secretary General Ángel Arnoldo Pineda Ávila, Head of the Special Prosecution Office Against Impunity José Rafael Curruchiche Cucul and prosecutor Leonor Eugenia Morales Lazo De Sánchez – as well as judge Fredy Raúl Orellana Letona.
The Council today renewed its restrictive measures in view of the situation in Zimbabwe for a further year, until 20 February 2025.
The EU measures in place consist of an embargo on arms and equipment which might be used for internal repression, and a targeted assets freeze against one entity, Zimbabwe Defence Industries.
Since the coup the UK has sanctioned 25 individuals and 33 entities under the Myanmar Sanctions Regime, targeting the military’s access to finance, arms and equipment. The UK has also targeted the military’s 2 key conglomerates and their 111 subsidiaries, as well as 3 individuals under the Global Human Rights Sanctions Regime, most recently in December 2023.
In addition to fresh sanctions, the United Kingdom has, alongside 8
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