Romain Girard

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Articles

EU significantly strengthens Russia sanctions

Jul 3, 2024 | lexology.com | Tobias Caspary |Romain Girard

IntroductionOn 24 June 2024, the European Union (“EU”) issued its 14th package of sanctions against Russia. At close to 600 pages, the 14th package is also one of the most comprehensive to date. There are over 30 new measures,[1] though four are truly ground-breaking innovations by the European Commission (“EC”). These are as follows: EU sanction reach expanded, by requiring EU operators[2] to use “best efforts” that their non-EU subsidiaries comply with EU sanctions.
EU’s Twelfth Russian Sanctions: Intragroup services and non-Russia trade in line of fire

Jan 10, 2024 | lexology.com | Tobias Caspary |Valeri Bozhikov |Romain Girard

IntroductionOn 18 December 2023, the European Union (“EU”) issued its twelfth sanction package against Russia, which further closes the gap on permissible trade with Russia. Whilst the 10th and 11th sanction packages (issued in February 2023 and June 2023, respectively) aimed at closing down loopholes and increasing potential for enforcement, the twelfth package goes a step further by greatly increasing the scope of the regime.
Intragroup services and non-Russia

Jan 10, 2024 | friedfrank.com | Valeri Bozhikov |Romain Girard

Authors: Dr. Tobias Caspary, Valeri Bozhikov and Romain GirardIntroductionOn 18 December 2023, the European Union (“EU”) issued its twelfth sanction package against Russia, which further closes the gap on permissible trade with Russia. Whilst the 10th and 11th sanction packages (issued in February 2023 and June 2023, respectively) aimed at closing down loopholes and increasing potential for enforcement, the twelfth package goes a step further by greatly increasing the scope of the regime.
EU’s Unprecedented Foreign Subsidy Regime Comes Into Force

Jul 25, 2023 | lexology.com | Tobias Caspary |Valeri Bozhikov |Romain Girard |Rebecca Ponnuthurai

On July 12, 2023, the European Commission (the “Commission”) adopted the required Implementing Regulation (EU) 2023/1441 (the “Implementing Regulation”)[1] for its new flagship regime, the Foreign Subsidy Regulation (“FSR”).[2] Together, they constitute a novel trade policy instrument addressing a perceived legislative gap: to control non-European Union (“EU”) subsidies that distort competition in the EU’s internal market and thereby undermine its level playing field (particularly with...
EU’s Unprecedented Foreign Subsidy Regime Comes Into Force

Jul 24, 2023 | friedfrank.com | Valeri Bozhikov |Romain Girard |Rebecca Ponnuthurai

Antitrust and Competition Law Alert® | July 25, 2023 Authors: Tobias Caspary, Valeri Bozhikov, Rebecca Ponnuthurai, Romain Girard On July 12, 2023, the European Commission (the “Commission”) adopted the required Implementing Regulation (EU) 2023/1441 (the “Implementing Regulation”)[1] for its new flagship regime, the Foreign Subsidy Regulation (“FSR”).[2] Together, they constitute a novel trade policy instrument addressing a perceived legislative gap: to control non-European Union (“EU”)...
overhaul of EU rules on cooperation agreements

Jun 30, 2023 | friedfrank.com | Richard Powers |Valeri Bozhikov |Romain Girard

Authors: Tobias Caspary, Richard A. Powers, Valeri Bozhikov, Romain GirardIntroductionJuly 1, 2023 will see a significant overhaul of the European Union (“EU”) regime on cooperation agreements between competitors (or “horizontal agreements”). It will be the first time in over a decade that the EU makes such significant changes to its horizontal agreement rules.
Soutenabilité du secteur financier : un enjeu de gouvernance et d’attractivité

Jun 19, 2023 | economiematin.fr | Romain Girard

S’ajoute en France l’exigence de soutien à la réindustrialisation, enjeu de souveraineté. Le secteur est donc soumis à une injonction quasi contradictoire : accompagner la réindustrialisation tout en intégrant des critères de soutenabilité, une équation complexe et un risque de greenwashing jamais très loin. Faut-il tirer une croix sur les secteurs carbonés alors qu’ils jouent un rôle crucial dans l’indépendance économique de notre pays ? Ou aider ceux qui visent la décarbonation à se transformer ?
Russia Ukraine War Anniversary Prompts Strongest EU Sanctions To Date

Mar 9, 2023 | friedfrank.com | Romain Girard

Authors: Dr. Tobias Caspary and Romain GirardIntroductionOn February 25, 2023, the EU issued its tenth sanctions package against Russia. The tenth package follows on the anniversary of Russia’s invasion of Ukraine in 2023. These new measures are the strongest to date by the EU, and showcase an increasing willingness to punish third countries assisting Russia’s war effort.
Russia Ukraine War Anniversary Prompts Strongest EU Sanctions To Date

Mar 9, 2023 | lexology.com | Tobias Caspary |Romain Girard

IntroductionOn February 25, 2023, the EU issued its tenth sanctions package against Russia. The tenth package follows on the anniversary of Russia’s invasion of Ukraine in 2023. These new measures are the strongest to date by the EU, and showcase an increasing willingness to punish third countries assisting Russia’s war effort.