The Carbon Border Adjustment Mechanism (CBAM) is the European regulation that imposes a reporting obligation and a carbon tax on EU imports of certain goods in order to reduce carbon
Continue Reading CBAM Reporting Requirement Begins Oct. 1, 2023
EU Sanctions Russia with Eleventh Package of Restrictive Measures
On June 23, 2023, the Council of the European Union adopted a new, eleventh package of restrictive measures (Package) to ensure that EU sanctions against Russia are better enforced and
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EU Criminalizes Violations of EU Sanctions, With a Focus on Russia
On Nov. 28, 2022, the Council of the European Union adopted a decision to add the violation of restrictive measures to the list of so-called “EU crimes” set out in
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EU Sanctions Russia with Eighth Package of Restrictive Measures
On Oct. 6, 2022, the Council of the European Union (EU) adopted a new, eighth package of measures (Package) primarily intended to reinforce pressure on the government of the Russian
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European Commission Raids Fashion Companies Over Anti-Competitive Concerns
On May 17, 2022, the European Commission (Commission) announced it had conducted so-called “dawn raids” (i.e., unannounced inspections) at multiple undisclosed companies in the fashion industry in several European Union
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European Commission Proposes Criminalizing Economic Sanctions Violations and Bolsters Asset Recovery Measures
To make it easier to investigate, prosecute, and punish violations of restrictive measures in all EU Member States, on May 25, 2022, the European Commission (Commission) proposed making the violation
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EU Temporary Framework for State Aid Measures in Response to Ukraine Conflict and to Support Banking Sector
Following Russia’s invasion of Ukraine, the EU has adopted a wide range of sanctions against Russian and Belarusian individuals and companies, including restrictions on export and access to financial markets.
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Conflicting EU, US Economic Sanctions Regimes: Implications for Multinational Companies
For companies subject to U.S. economic sanctions regimes, compliance is complicated by Regulation (EC) No 2271/96 (EU Blocking Regulation), which was updated in 2018 in light of the U.S. position
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EU Proposed Regulation on Deforestation-Free Products: Impact on Food Businesses
On Nov. 17, 2021, the European Commission adopted a proposal for a Regulation on Deforestation-Free Products. The purpose of the regulation is to ensure that only “deforestation-free” and legal
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EU Carbon Border Adjustment Mechanism Proposal and Its Relationship to the European Emission Trading Scheme
The Carbon Border Adjustment Mechanism (CBAM) is a carbon-pricing system for imports into the European Union. The relationship between the CBAM and the European Emission Trading Scheme (ETS) would be
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