EU

EU
Sanctions

EU Cyber Crime Sanctions Regime is Out

May 18, 2019: earlier this week, the EU issued a cyber-attack sanction regime.  The goal is to “deter and respond to cyber-attacks which constitute a threat to EU member states, third States or international organisations” via travel bans and asset freezes on those who are “responsible for cyber-attacks or attempted cyber-attacks, who provide financial, technical […]

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Brexit
EU
Global Trade

Flextension: What Does it Mean for Businesses?

April 10, 2019:  The EU granted the UK a temporary, flexible extension in connection with Brexit – until October 31, 2019.  This time window should allow the UK to accomplish and orderly Brexit by ratifying the Brexit Deal that the UK and EU worked up together.  The Flextension will end immediately if the deal is […]

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EU
Global Trade
WTO

EU-US Retaliatory Tariffs: Proposed Lists

In connection with the long-running EU-US WTO dispute over the subsidies to Boeing and Airbus, the EU released a list of U.S. products for retaliatory tariffs, after the US announced that it was going to impose import duties on European products.  The EU list covers nearly $23 billion worth of U.S. goods. The EU proposed […]

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Anti-Trust
Cases
EU
Freshly Brewed

Google Fined by the EU for Antitrust Violations

Earlier today, the the European Commission issued a press release noting that it has fined Google €1.49 billion for breaching EU antitrust rules. According to the release, Google abused its market dominance by imposing restrictive clauses in contracts with third-party websites, preventing them from placing their search ads on these websites. The Commission found that: […]

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EU
Russia
Sanctions

EU Lists 8 Russian Officials: Ukraine Sanctions

Last week, the EU listed 8 Russian officials in response to “escalation in the Kerch Strait and the Sea of Azov and the violations of international law by Russia, which used military force with no justification”. The newly added officials are targeted due to their actions against territorial integrity, sovereignty or independence of Ukraine.  The […]

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Anti-Corruption
Cases
EU
Freshly Brewed

Shell Prosecution in The Netherlands: Corruption in Nigeria

March 5, 2019:  CNBC reported  few days ago that Shell is facing multiple charges over corruption, emissions, and an explosion.  They appear to be related to the company’s business dealings in Nigeria and the 2014 explosion in its Moerdijk facility.  There are also allegation of emissions excess between 2015 and 2016. As Bloomberg reported back […]

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Anti-Corruption
Cases
EU
Freshly Brewed
Money Laundering

Nordea Further In With Money Laundering Scandal

March 5, 2019:  As we wrote back in October of 2018, the largest Nordic bank was accused of money laundering in connection with the Magnitsky scandal.  Now, Bloomberg is reporting that Nordea is pulled into the scandal even further, with the latest information appearing to come from a leak.  Finnish broadcaster YLE on Monday cited […]

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EU
Financial Fraud
Freshly Brewed

EU Set to Screen Foreign Direct Investments

3/5/2019:  The Council of the EU approved a new framework to screen foreign direct investments coming into the European Union.  The new framework will be effective in April of 2019 and it will help safeguard Europe’s security, public order and strategic interests when it comes to foreign investments into the EU.  According to the Council’s […]

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Anti-Trust
EU

Telefonica in the Spotlight: European Commission Suspects Breach of Merger Commitments

Last week, the European Commission sent a Statement of Objections to Telefónica Deutschland alleging that the telecom company breached certain commitments it offered to secure the Commission’s approval under the EU Merger Regulation of its acquisition of E-Plus in 2014.  Commitments from merger parties have to be maintained in order to ensure that sufficient competition […]

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EU
Freshly Brewed
Sanctions

EU Extends Belarus Sanctions

2/25/19:  The Council of the EU prolongs sanctions against Belarus for one year, until 28 February 2020, including an embargo on arms and on equipment that could be used for internal repression.  The sanctions also result in (and will continue) an asset freeze and travel ban against four people designated in connection with the unresolved disappearances […]

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