A&G Newsletter Q4 2021
I. EU to target pesticides and artificial fertilizers Within its agenda for the plenary session from 18 to 21 October 2021, the European Parliament is set to debate the Commission’s Farm to Fork strategy and vote on its own-initiative report. The draft report was adopted in September 2021 after heavy amending following the opinions of […]
A&G Newsletter Q3 2021
I.EU to target pre-installed phone applications The Digital Marketing Act (DMA) is currently processing through the stages at the EU Parliament level. Much like the GDPR, the DMA will have direct effect throughout all Member States and is intended to be a revolutionary piece of legislation for the modern technological age that seeks to protect […]
A&G Newsletter Q2 2021
I. Council to go ahead with the country-by- country reporting directive On February 25, the Portuguese Presidency of the Council of the European Union earned widespread support from member states to advance with the European public country-to-country reporting directive. The directive aims to require multinational corporations to publish their profits and taxes paid in each […]
A&G Newsletter Q1 2021
I. EU establishes Capital Market Union With the publication of the Capital Market Union Action Plan, the EU Commission has defined the roadmap for the unification of the European capital market. The EU Commission’s policy has three objectives: to support the objectives of the Green Deal; to encourage individuals to invest in long-term projects; and […]
A&G Newsletter – Q4 2020
EU Commission to shape and evaluate national recovery plans The EU has put forward an exceptional tool to finance the recovery of the European economy, the Next Generation EU (‘NGEU’). The NGEU includes the EUR 672.5 billion Recovery and Resilience Facility (‘RFF’) financial instrument which will be allocated directly to Member States to fund their […]
EU Marshall Plan of EUR 750 billion
After weeks of negotiations and rumours, the Commission finally presented its Recovery Plan on May 27th. The Plan provides for a new financing tool “Next Generation EU” of EUR 750 billion financed by a European loan, which had never been done before, and a Multiannual Financial Framework (‘MFF’) raised to EUR 1.1 trillion. The EUR […]
EU’s Marshall Plan set to EUR 1 trillion investment initiative
The European Commission has announced its intention to launch a unique Recovery Plan in the history of the EU. This plan is already part of an unprecedented effort by the EU and Member States to support the economy. With the activation of the general safeguard clause of the Stability and Growth Pact in March and […]
EU’s New Circular Economy Action Plan
On 11 March 2020, the Commission published its New Circular Economy Action Plan. This document provides the basis for multi-sectoral regulatory work aimed at creating a circular economy by 2050. The plan foresees the introduction of new consumer rights, new ecodesign regulations and the mobilisation of several European research funds. Most impacted sectors are ICT […]
New EU Rules for Investment Firms
In February, the European Commission started a public consultation with a focus on reviewing the regulatory framework for investment firms and market operators. Through this process, the European Commission is looking to collect stakeholders’ views, in particular market participants, on a possible review of the Market in Financial Instruments Directive (MiFID II) and the Market […]
EU Trade with Third Countries
On 11 March 2020, the European Commission launched a consultation to collect views from business, third countries, NGOs and associations over a possible revision of the EU’s Generalized Scheme of Preferences (GSP). The EU’s Generalized Scheme of Preferences provides one-way tariff preferences to developing countries. More concretely, the scheme allows developing countries to export their […]