On July 26, 2021, Aon PLC (“Aon”) and Willis Towers Watson PLC (“WTW”) announced the termination of a $30 billion proposed merger, citing an “impasse” with the Antitrust Division of the U.S. Department of Justice (“DOJ”).
On April 21, 2021, the European Commission adopted a proposal for the Corporate Sustainability Reporting Directive (“CSRD”).
On June 4, 2021, the European Commission announced the definitive adoption and publication of revamped Standard Contractual Clauses (“SCCs”) for the transfer of personal data to third countries pursuant to the EU General Data Protection Regulation (“GDPR”).
On May 12, 2021, the European Commission (“the Commission”) announced that it will review Facebook’s proposed acquisition of customer relationship management (“CRM”) startup, Kustomer.
Pathways for U.S. companies to transfer personal data out of the European Union have been repeatedly blocked by EU authorities concerned by what they perceive as gaps in data protection under U.S. laws.
Recently, a number of European countries, including the U.K. and Germany, have enacted revised anti-money laundering laws implementing the European Union’s (“EU”) 5th Anti-Money Laundering Directive…
A few weeks ago we wrote about the skepticism Libra, Facebook’s proposed cryptocurrency, faced from U.S. regulators. Since then, Libra’s unpopularity has spread across the Atlantic.
On December 19, 2018, the European Union reached a preliminary deal that would strengthen the European Banking Authority’s (“EBA”) ability to combat money laundering.
On November 6, 2018, the European Council adopted new regulations designed to streamline cross-border asset seizures.
In the wake of several high-profile money laundering scandals involving European banks, the Council of the European Union recently adopted a new anti-money laundering initiative.