European Union

The European Union is a political and economic union, which before the Brexit-Split had 28 members. The Union currently has 27 member states, after the United Kingdom split in 2017. The EU has developed an internal, single-market, as guided by standardized laws governing the 27-member states.

Free movement of people, goods, transportation, services, and capital is the primary goal behind the EU policies within its internal market system. Policies also aim to maintain common trade policies between member-states, enact legislation, and maintain common policies on agriculture, regional development, and fisheries. The Euro Currency which was established in 1999 and became effective in 2002, is made up of 19 member-states which rely on the internal currency for transactional purposes.

The European Union originally comprised of six states, which were coined the title of the Inner Six. These nations were: Luxembourg, France, Belgium, West Germany, Italy, and the Netherlands. The accession of new member states has helped the EU grow in both size and power. The European Union was established under the Maastricht Treaty and introduced to European citizenship in 1993.

The EU has often been touted as an emerging superpower. In 2012 it received the Nobel Peace Prize, and the EU has had a strong hand in establishing roles in external defense and relations under the Common Foreign and Security Policy. The Union represents diplomatic missions worldwide, representing itself at the World Trade Organization, or (WTO), G7 and G20 summits and the United Nations.

Because it covers such a broad range of member states, the European Union has 24 official languages which it recognizes. All important documents, including legislation, are translated into these languages. Most of the institutions in the EU, including the European Court of Justice and European Central Bank, conduct internal business relying on ‘procedural languages’ to cover the languages spoken by a majority of the member states.

Supranational and intergovernmental decision making in the EU is governed by a hybrid-system. The EU Directives promulgate policy, and then implemented into domestic legislation for member states. There are 7 principle decision making bodies in the EU, which are: the European Council, European Commission, Court of Justice of the European Union, Council of the European Union, European Parliament, European Central Bank, and the European Court of Auditors. The current President of the European Council is Donald Tusk.

In 2016 the EU economy had a GDP of $20 trillion international dollars. Energy, agriculture, banking, and infrastructure, are among the leading economic-drivers of the EU. The Union is soon to be governed under the General Data Protection Regulation (GDPR) after the Brexit-split. This will replace the Data Protection Directive 95/46/EC which previously governed data privacy throughout the member states.

The National Law Review covers news from the EU, including financial banking from MiFID and MiFID II after the Brexit-split. The latest details on member states, governance, the economy, and how the Union will be maintain relations with the UK, are also covered on the National Law Review. Visitors will always find the latest stories, news, legislation, and litigation coming from the European Union. And, with new details on GDPR, and upcoming legislation changes being released daily, the National Law Review provides readers with the latest.

Custom text Title Organization
Jun
15
2023
Euro Vision on Corruption: All Singing from The Same Song-Sheet? Proposals for A New Anti-Corruption Legal Framework in The EU: Five Key Takeaways McDermott Will & Emery
Jun
15
2023
EU Competition Law: New Horizontal Block Exemption Regulations and Horizontal Guidelines McDermott Will & Emery
Jun
12
2023
GT Newsletter | Competition Currents | June 2023 Greenberg Traurig, LLP
Jun
12
2023
Data Privacy Standard Contractual Clauses Called Into Question After Meta Ireland Fine Barnes & Thornburg LLP
Jun
12
2023
EU Issues Competition Safe Harbor Guidelines For Sustainability Agreements Cadwalader, Wickersham & Taft LLP
Jun
10
2023
The EU Approach to AI Regulation: Texts That Generative AI Will Not Come Up With Squire Patton Boggs (US) LLP
Jun
10
2023
Where Do We Stand?: EU to US Data Transfers Sheppard, Mullin, Richter & Hampton LLP
Jun
9
2023
European Commission guidance for EU competition-compliant possibilities for cooperation between competitors in realizing sustainability objectives Greenberg Traurig, LLP
Jun
9
2023
The BR Privacy & Security Download: June 2023 Blank Rome LLP
Jun
9
2023
OECD Tour de Table Includes Information on International Developments Regarding Nanomaterials Bergeson & Campbell, P.C.
Jun
9
2023
EDPB Adopts Guidelines on the Calculation of Administrative Fines Hunton Andrews Kurth
Jun
8
2023
What Every Multinational Company Should Know About . . . Supply Chain Integrity Foley & Lardner LLP
Jun
8
2023
EUON Posts Nanopinions on Using SWCNTs to Measure Biochemical Processes and on Experiments Involving Zebrafish to Elicit an Immune Response Bergeson & Campbell, P.C.
Jun
8
2023
EU Paves the Way for U.S. in the Regulation of A.I. Foley & Lardner LLP
Jun
6
2023
ECB Reports Progress, Identifies Gaps in Banks’ Climate-Related Disclosures Cadwalader, Wickersham & Taft LLP
Jun
6
2023
Brussels Regulatory Brief: May 2023 K&L Gates
Jun
6
2023
European Parliament Adopts Corporate Sustainability Due Diligence Directive Amendments Cadwalader, Wickersham & Taft LLP
Jun
5
2023
Investor Coalitions Urge Consumer Goods Companies to Take Action to Reduce Plastics Cadwalader, Wickersham & Taft LLP
Jun
3
2023
Irish Supervisory Authority "Poking" at Meta's GDPR Practices K&L Gates
Jun
2
2023
MiCA and Crypto Transfer Rules Approved by the European Parliament Katten
Jun
1
2023
SCCS Updates Guidance for the Testing of Cosmetic Ingredients and Their Safety Evaluation Bergeson & Campbell, P.C.
Jun
1
2023
ANSES Calls for the EC to Adopt a “More Protective” Definition of Nanomaterials Bergeson & Campbell, P.C.
May
31
2023
European Commission Responds to ESA's Questions on The Interpretation of SFDR, Including with Respect to The Definition of "Sustainable Investments" K&L Gates
May
31
2023
European Parliament’s Leading Committees Vote to Approve AI Act Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
May
30
2023
Study Assesses Cost of Climate Litigation on Shareholder Value Cadwalader, Wickersham & Taft LLP
May
30
2023
European Council Adopts Position on Amendments to EU’s Green Transition Consumer Rules Cadwalader, Wickersham & Taft LLP
May
29
2023
TNFD Publishes Final Draft Disclosure Framework Cadwalader, Wickersham & Taft LLP
May
28
2023
New Consumer Product Safety Regulations In The EU Barnes & Thornburg LLP
May
26
2023
ECHA Publishes Annual Report on Helpdesk Activities Bergeson & Campbell, P.C.
May
26
2023
Southeast Asia and the EU Publish a First-of-its-Kind Interoperability Guide for Data Transfers Squire Patton Boggs (US) LLP
May
25
2023
EU’s Global Gateway: €18 billion of Financing Announced for Climate Action and Clean Energy Cadwalader, Wickersham & Taft LLP
May
25
2023
Fit for 55 Package: EU Revises the EU Emissions Trading System and Establishes a New Carbon Border Adjustment Mechanism K&L Gates
May
25
2023
Changes to Spanish Data Protection Laws Squire Patton Boggs (US) LLP
May
24
2023
One Europe, One Patent? New European Unitary Patent Comes into Effect June 1 Bradley Arant Boult Cummings LLP
May
23
2023
Is G7 Support for ISSB Climate Reporting Standards a Sign That Scope 3 Emission Disclosures Will Soon Be Required in U.S.? Barnes & Thornburg LLP
May
23
2023
Europe: Esma Advocates More Specific Restrictions on The Costs Fund Managers May Pass on To Investors K&L Gates
May
23
2023
Banks as Gatekeepers Against Fraud: Customer Protection and the So-Called Quincecare Duty in the UK Proskauer Rose LLP
May
23
2023
Global Office Asset Trends: A Look at 2023 and Beyond K&L Gates
May
23
2023
Study Explores Links Between a Company’s ESG Focus and its Financial Performance Cadwalader, Wickersham & Taft LLP
May
22
2023
Greenpeace Sues European Commission Over Inclusion of Gas and Nuclear in EU Taxonomy Cadwalader, Wickersham & Taft LLP
May
22
2023
EU Approves State Aid to Bolster Czech Sustainability Scheme Cadwalader, Wickersham & Taft LLP
May
22
2023
ESMA Issues Opinion on Undue Costs of UCITS and AIFS K&L Gates
May
19
2023
Competition and Employment – a Marriage that does not Allow for a Prenup … Squire Patton Boggs (US) LLP
May
19
2023
Alleged Market Manipulation and the Pre-hedging of Large Trades Cornerstone Research
May
19
2023
ECB Releases Results of 2022 Eurosystem Balance Sheet Climate Risk Stress Test Cadwalader, Wickersham & Taft LLP
May
18
2023
EDPB Adopts Guidelines on Facial Recognition in the Area of Law Enforcement Hunton Andrews Kurth
May
17
2023
ECHA Calls for Evidence on Analytical Methods to Measure CMR Substances in Childcare Articles Bergeson & Campbell, P.C.
May
17
2023
No Sparklers in New Employment Law Regulatory Bonfire Proposals (UK) Squire Patton Boggs (US) LLP
May
17
2023
Greenwashing Pressures Step Up in U.S. and E.U. CMBG3 Law
May
16
2023
CNIL Publishes Action Plan on AI Hunton Andrews Kurth
 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins