Policy Briefing: Council Approves Two Directives on Sanctions Violation Criminalisation and Asset Recovery and Confiscation

On 12 April 2024, the Council adopted two key directives enhancing sanctions enforcement and implementation across the EU. The first directive on sanctions violations criminalisation (Directive (EU) 2018/1673) establishes an EU-wide definition of sanctions violation as a crime, setting minimum administrative and criminal penalties, while the second directive on asset recovery and confiscation lays down […]

Commission Proposes New FDI Regulation

New FDI Regulation

On 24 January, as part of its Economic Security Package, the European Commission presented five initiatives to strengthen the economic security of the European Union (EU) amid rising geopolitical tensions and technological disruptions. The five initiatives presented by the Commission are the following: In this briefing, we outline the main elements of the Commission’s proposal […]

Commission Publishes White Paper on Export Controls

Commission Publishes White Paper on Export Controls

Introduction & Background On 24 January, as part of its Economic Security Package, the European Commission presented five initiatives to strengthen the economic security of the European Union (EU) amid rising geopolitical tensions and technological disruptions. The five initiatives presented by the Commission are the following: In this briefing, we outline the main elements of […]

Client Alert: First CBAM Quarterly Reporting Period ends on January 31

Client Alert: First CBAM Quarterly Reporting Period

Summary  On 1 October 2023, the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) entered into the transitional phase, with the first reporting period covering carbon-intense goods imported during the period 1 October 2023 to 31 December 2023, ending on 31 January 2024.  CBAM reporting declarants, businesses active in the cement, fertiliser, iron & steel, […]

Belgium Assumes the Presidency of the Council

Belgium Assumes the Presidency of the Council

As of 1 January 2024, Belgium commenced its six-month tenure as the rotating president of the Council of the European Union, adopting the theme “Protect, Strengthen, Prepare.” The Belgian presidency, which succeeds Spain and precedes Hungary faces a packed agenda and will be cut short by the imminent European Parliament elections scheduled for 6-9 June. […]

EU agrees on Criminalizing Sanctions Violations

EU agrees on Criminalizing Sanctions Violations

In response to the challenges posed by global conflicts, particularly Russia’s war with Ukraine, the Council of the EU and European Parliament (EP) have made a landmark agreement to criminalize the violation of EU sanctions across Member States. This agreement marks one of the most significant achievements of the EU’s commitment to uphold a unified […]

EU adopts 12th Sanctions Package against Russia

12th Sanctions Package against Russia

On 18 December, the EU published its 12th sanctions package against Russia, which overall aims to extend the scope of existing export and import restrictions, rather than creating new measures (as in the case of previous packages) while strengthening efforts to limit circumvention. The package also contains various new measures, including a new listing criterion, […]

EU agrees on the reform of the Court of Justice

Reform of the Court of Justice

In a significant step towards enhancing the efficiency of its judicial system, the Spanish Presidency of the Council and the European Parliament (EP) have reached a provisional agreement on reforming the Statute of the Court of Justice of the European Union (CJEU). This agreement, between the Council presidency and representatives of the EP, is in […]