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Nov 18, 2024 | 
jdsupra.com | Jonathan Benson |Pascal Bine |Elsa Benchemhoun
European Union member states have until 20 May 2025 to transpose into their national legislation EU Directive (EU) 2024/1226 (the Directive), which establishes minimum rules on the definition of criminal offences and penalties for the violation of EU restrictive measures (sanctions).1The Directive, adopted on 24 April 2024, is part of the EU’s broader effort to signal to its member states the importance of sanctions enforcement.
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Sep 5, 2024 | 
jdsupra.com | Jonathan Benson |Pascal Bine |Ondrej Chvosta
The Council of the European Union (Council) has updated its EU Best Practices for the Effective Implementation of Restrictive Measures.
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Jul 26, 2024 | 
jdsupra.com | Jonathan Benson |Pascal Bine |Ondrej Chvosta
On 24 June 2024, the European Union (EU) adopted its 14th sanctions package directed against Russia, imposing an asset freeze against an additional 116 individuals and entities1 and expanding sectoral sanctions targeting key aspects of the Russian economy, including an investment ban on liquefied natural gas (LNG) projects under construction in Russia.2 The asset freeze restrictions and sectoral sanctions took effect on 24 June 2024.
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Jul 25, 2024 | 
lexology.com | Pascal Bine |Jonathan Benson |Margot Sève |Ondrej Chvosta |Wesley Lainé |Philipp Mueller | +1 more
On 24 June 2024, the European Union (EU) adopted its 14th sanctions package directed against Russia, imposing an asset freeze against an additional 116 individuals and entities1 and expanding sectoral sanctions targeting key aspects of the Russian economy, including an investment ban on liquefied natural gas (LNG) projects under construction in Russia.2 The asset freeze restrictions and sectoral sanctions took effect on 24 June 2024.
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Mar 11, 2024 | 
lexology.com | Pascal Bine |Margot Sève |Wesley Lainé |Philipp Mueller |Gregory Vianesi
On 23 February 2024, the European Union (EU) adopted a 13th package of sanctions against Russia, imposing asset freezes on additional individuals and entities, expanding existing sectoral sanctions and further limiting Russia’s access to military technology via entities based outside the EU.1The EU Commission (Commission) has also issued new guidance on the scope of the restrictions on software and on the so-called “no-Russia clause” for export business activities.
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Feb 19, 2024 | 
jdsupra.com | Brooks Allen |Anita Bandy |Pascal Bine
The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this issue of The Informed Board. In another article, we outline potential pitfalls for companies that want to lend financial support to political conventions, transitions or inaugural events in this U.S. election year.
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Feb 15, 2024 | 
jdsupra.com | Pascal Bine |Katja Butler |Bruce Embley
Key Points The number of activist campaigns launched against European companies rose again in 2023, with a new focus on German targets. Many activists surveyed believe that France offers them good opportunities. Most of the companies surveyed said they have moved to install defenses against activists, or plan to in the near future. The boards of listed European companies increasingly find themselves faced with pressure from activist investors.
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Jan 16, 2024 | 
jdsupra.com | Pascal Bine |Wesley Lainé
On 28 December 2023, the French government adopted decree number 2023-1293 (Decree), together with an administrative order of the same date (Order), that expanded the scope of covered investments and covered activities under French foreign direct investment (FDI) rules (as amended, the New Rules).1 The key aspects to note are: The scope of covered investments under French FDI rules has been extended to the acquisition of control of an unincorporated “commercial establishment” registered in...
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Jan 16, 2024 | 
lexology.com | Pascal Bine |Wesley Lainé
The key aspects to note are:The scope of covered investments under French FDI rules has been extended to the acquisition of control of an unincorporated “commercial establishment” registered in France and owned by a foreign company.2The New Rules permanently establish the voting rights triggering threshold at 10% for investments by non-European Union and non-European Economic Area (EEA) foreign investors in French publicly-listed companies involved in covered activities.
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Mar 23, 2023 | 
lexology.com | Pascal Bine |Wesley Lainé
The European Union (EU)’s tenth package of sanctions against Russia, adopted 25 February 2023, imposed an asset freeze against 121 individuals and entities1 and expanded the scope of sectoral sanctions.2The EU has also stressed enforcement and anti-circumvention measures recently.
