Sat. Oct 12th, 2024

LEGAL AFFAIRS

LATEST NEWS

Belarus: United States expand sanctions against Lukashenko regime

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating eight individuals and five entities identifying one aircraft as blocked property on the three-year anniversary of the Belarusian authorities’ falsification of the August 2020 presidential election and their callous crackdown on the Belarusian protest movement demanding fundamental freedoms. This action targets several entities involved in the Belarusian regime’s continued civil society repression, complicity in the

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09/08/2023

Mergers: EU Commission clears acquisition of joint control of a logistic facility by PLD and NBIM

The logistic facility is located in Veghel, the Netherlands. PLD owns, operates and develops real estate properties, mainly for industrial purposes, in Asia, Europe and North and South America. NBIM manages Norway’s Government Pension Fund Global on behalf of the Norwegian Ministry of Finance, focusing on worldwide investments including real estate investments in Europe, Japan and North America.

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09/08/2023

Mergers: EU Commission clears acquisition of Valoriza by Morgan Stanley

Valoriza collects, treats, recycles and manages waste, including construction and demolition debris, and produces electricity and gas as a result of such activities. It is also active in, among others, urban street cleaning, management of street furniture and pavement maintenance in Spain, Australia, and Colombia. MSI, a subsidiary of Morgan Stanley of the US, invests in infrastructure assets.

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09/08/2023

Italy: EU Commission approves €150m to support companies affected by Russia’s war

The European Commission has approved a €150 million Italian scheme to support companies active in the region of Sicily in the context of Russia’s war against Ukraine. The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies. The new Framework amends and

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09/08/2023

US: President Biden on the Inflation Reduction Act

But there is more work ahead to combat the existential threat of climate change. You know, we’ve seen historic floods, more intense droughts, wildfires spreading smoky haze, which you could — I could sense today — thousands of miles. Record temperatures affecting more than 100 million Americans this summer. Over a hundred — I need not tell you all — over 110 degrees in Phoenix for 31 straight days.

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09/08/2023

Mergers: EU Commission clears acquisition of Fedeli by Prada and Zegna

Fedeli is active in the high-end textile industry and specialises in the production of cashmere and jersey fabrics. Prada is active in the design, production and distribution of high-end leather goods, bags, shoes, fashion accessories and jewels. Zegna is active in the design, creation and distribution of luxury womenswear, menswear and accessories, as well as in the manufacturing and distribution of fabrics and textile.

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08/08/2023

Sardinia: EU Commission approves €100m Italian scheme to support companies affected by Russia’s war

The European Commission has approved a €100 million Italian scheme to support companies active in Sardinia in the context of Russia’s war against Ukraine. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies.

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08/08/2023

Finland: EU Commission approves €350m to promote sustainable forest management

The European Commission has approved, under EU State aid rules, a €350 million Finnish scheme to support sustainable forest management. The aim of the scheme is to help private forest owners implement economically, ecologically and socially sustainable forest management and use techniques to (i) promote the growth of forests, (ii) adapt forests to climate change, (iii) protect biodiversity, (iv) promote water protection in forestry, and (v) maintain the forestry road

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08/08/2023

ICC: Joint statement on States Parties to the Rome Statute 

The Court represents the commitment of its States Parties to ensure accountability for the most serious crimes of concern to the international community as a whole. It is regrettable that Russia continues its attempt to undermine the mandate of the Court, and we reiterate our unwavering commitment to stand firmly by the Court, its officials and personnel, as well as those cooperating with it, together with other States Parties.

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07/08/2023

UN General Assembly adopts two resolutions on oceans biodiversity

The representative of Singapore introduced the draft titled “Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction” (document A/77/L.82). The draft resolution is essentially procedural, he recalled, pertaining to eventual operationalization and implementation of the Agreement adopted at the Biodiversity Beyond National Jurisdiction Intergovernmental Conference — the culmination of nearly two decades

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07/08/2023

State aid: EU Commission approves €176m Polish scheme to support companies affected by Russia’s war

The European Commission has approved an approximately €176 million (PLN 780 million) Polish scheme to support companies in the context of Russia’s war against Ukraine. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies.

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04/08/2023

Netherlands: EU Commission approves amendment to support rail network interoperability

The scheme was originally approved by the Commission in November 2019 (SA.55451), to support the upgrade of traffic management equipment on freight locomotives in the Netherlands, by installing the latest available version of the European Railway Traffic Management System (‘ERTMS’). The ERTMS is a single European railway management and safety control system, aimed to replace the different national systems currently in operation throughout Europe, to enhance cross-border rail interoperability and

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04/08/2023

Mergers: EU Commission clears acquisition of Torpedo by Hedin

Torpedo is a retailer of new and used motor vehicles as well as of vehicle spare parts, mainly active in Germany. Hedin is a wholesaler and retailer of new and used motor vehicles and spare parts in the European Economic Area. In particular, their activities overlap in the retail distribution of motor vehicles and spare parts in Germany.

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04/08/2023

Netherlands prohibits Holocaust denial

It will become explicitly prohibited to publicly condone, deny or trivialize the horrors of the Holocaust. The Cabinet has resolved this at the suggestion of Minister Yeşilgöz-Zegerius of Justice and Security. Discrimination and racism are already prohibited. With this ban, victims, and their relatives, of genocide and other war crimes will soon also receive specific protection against particularly offensive statements that deny and trivialize these types of international crimes.

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04/08/2023

Netherlands: Sentencing can be made more suitable and person-centred

One of the opportunities explored is for convicts to serve their sentence from the outset in a limited-security section of the prison so that they do not lose their jobs or homes. Another is for community service to be expanded to include care and learning elements. This contributes to the successful completion of community service and to preventing the criminal from re-offending.

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03/08/2023

France: EU Commission approves €1.5bn to support ProLogium in developing innovative batteries for electric vehicles

The European Commission has approved, under EU State aid rules, a €1.5 billion French measure to support ProLogium Technologies (‘ProLogium’) in researching and developing a new generation of batteries for electric vehicles. The measure will contribute to the achievement of the strategic objectives of the European Green Deal and the EU battery strategy.

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03/08/2023

Mergers: EU Commission clears acquisition of CentroMotion by Lone Star

CentroMotion designs and manufactures highly engineered systems and solutions that enhance the safety, reliability and productivity of equipment in the industrial and transportation sectors. Lone Star is a private equity firm that invests globally in real estate, equity, credit and other financial assets. The Commission concluded that the proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies’ activities. The transaction was examined under the

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02/08/2023

State aid: EU Commission approves €308m Irish scheme to support investments in afforestation

The scheme is aimed at supporting the expansion of the Irish national forest estate on both public and private land, to deliver lasting benefits for the climate, biodiversity, wood production, economic development, employment, and quality of life. The target of the scheme is to reach 18% forest cover in Ireland by the end of 2027 (compared to 11.6% today) by establishing 8.000 hectares of new diverse, multifunctional and climate-resilient forests

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02/08/2023

Finland: Public consultation begins on revised EU Blue Card Directive

The Commission revised the Directive on the conditions of entry and residence of third-country nationals for the purposes of highly qualified employment, known as the Blue Card Directive, in October 2021. The revision aims to make it easier for highly skilled workers to enter the European Union from third countries. With the new rules, the Commission seeks to respond to skills shortages in the EU and to attract talent for

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01/08/2023
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