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UK CMA publishes AI Foundation Models update paper

The UK Competition and Markets Authority (“CMA”) has published an “Update Paper” outlining its evolving views on AI foundation models as well as its approach to...

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The Payments Newsletter including Digital Assets & Blockchain, April 2024

Key developments of interest over the last month include: the EU’s regulation on instant credit transfers in euro coming into force; the Bank for International Settlements (BIS)...

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New EU Sanctions Reporting Obligations in Force as of 1 May 2024 and 1 June 2024

The new EU notification requirements relating to transfers of funds out of the EU by EU entities with a certain level of direct or indirect Russian ownership enters into force soon. The...

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The European Commission launches its first ex-officio investigation under the FSR into Chinese wind turbines

On 9 April 2024, the European Commission launched its first ex-officio investigation under the EU Foreign Subsidies Regulation, targeting Chinese wind turbines in Spain, Greece, France,...

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No time to waste III - Parliament and Council reached provisional agreement on PPWR

Recently, the Parliament and the Council, under the leadership of the Belgian Council Presidency, have been able to reach a provisional agreement on a final text for a new Packaging and...

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Commission investigation into termination of pipeline drug: what next for R&D decision-making?

The European Commission has opened a formal investigation into whether Zoetis, a US animal health company, has acted in breach of the abuse of dominance rules by terminating development of...

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New Commission Action Plan to boost biotechnology and biomanufacturing in the EU

Today, 20 March 2024, the European Commission issued an important Communication aimed at boosting biotechnology and biomanufacturing in the EU. These sectors are identified as key strategic ...

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The Payments Newsletter including Digital Assets & Blockchain, March 2024

Key developments of interest over the last month include: the UK government publishing draft legislation on payment service contract termination rule changes; the Central Bank of Ireland...

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EU: Eurogroup finance ministers set the Capital Markets Union priorities for 2024-2029

On March 11 2024, Eurogroup issued a statement outlining common priorities for the future development of the European capital markets union (CMU), which will be presented to EU Leaders at...

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