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.

Date Title Organization
26
Feb
European Commission to Establish AI Office Hunton Andrews Kurth
25
Feb
EDPB Adopts Opinion on the Notion of Main Establishment Hunton Andrews Kurth
23
Feb
ECHA Begins Public Consultation on Recommending Authorization for Five SVHCs and Adding a New Hazard to DBP Bergeson & Campbell, P.C.
22
Feb
The EU Adopts a Directive Amending MiFID II and MiFIR on Data Transparency, the Consolidated Tape and Payment for Order Flow Cadwalader, Wickersham & Taft LLP
22
Feb
ChatGPT Violates EU Privacy Rules According to Italian Watchdog Katten
21
Feb
Unveiling the New EU Foreign Investment Regime Squire Patton Boggs (US) LLP
19
Feb
Regulation: European Council Declines to Mandate that Director Care Obligations Require Consideration of Sustainability Matters Cadwalader, Wickersham & Taft LLP
19
Feb
The European Commission Announces Five New Initiatives in Its Economic Security Package K&L Gates
16
Feb
Forced Labor Legal Developments in Europe: EU Council and Parliament Negotiate Final Text for Proposed Regulation Squire Patton Boggs (US) LLP
15
Feb
Disclosure: UN Report on Net-Zero and Greenwashing Cadwalader, Wickersham & Taft LLP
15
Feb
Greenwashing: European Regulators Launch Joint Consultation on Greenwashing Cadwalader, Wickersham & Taft LLP
15
Feb
Cadwalader Climate Cadwalader, Wickersham & Taft LLP
14
Feb
Antitrust M&A Snapshot | Q4 2023 McDermott Will & Emery
14
Feb
Antitrust M&A Snapshot | Q1 2023 McDermott Will & Emery
13
Feb
Cadwalader Climate Curated Cadwalader, Wickersham & Taft LLP
12
Feb
Brussels Regulatory Brief: Winter 2023-2024 K&L Gates
12
Feb
European Commission’s Revised Guidance on Market Definition Will Make It Easier to Allege Mergers Will “Significantly Impede Effective Competition” Cadwalader, Wickersham & Taft LLP
9
Feb
Shaping The Digital Future: The Newly Adopted EU Data Act and Its Impact McDermott Will & Emery
9
Feb
The EU Commission Gets Serious About Foreign Direct Investment Screening Sheppard, Mullin, Richter & Hampton LLP
9
Feb
Competition Currents | February 2024 Greenberg Traurig, LLP
9
Feb
ASEAN and EU Finalise Implementation Guide for Cross-border Data Transfers Squire Patton Boggs (US) LLP
8
Feb
Protective Packaging: The EU’s Economic Security Package Changes the Landscape in Global Technology Controls Sheppard, Mullin, Richter & Hampton LLP
8
Feb
The EU Commission Gets Serious About FDI Screening Sheppard, Mullin, Richter & Hampton LLP
8
Feb
The BR Privacy & Security Download: February 2024 Blank Rome LLP
8
Feb
Non-Financial Corporate Reporting for U.S. Companies – Where to Start? Proskauer Rose LLP
8
Feb
Europe: Agreement on EU ESG Ratings Regulation K&L Gates
7
Feb
Regulation Round Up January 2024 Proskauer Rose LLP
5
Feb
EUON Announces New Tender Notices Published by ECHA Bergeson & Campbell, P.C.
5
Feb
EUROPE: BaFin Clarifies the German Approach to the ELTIF 2.0 Regime K&L Gates
5
Feb
EU Reaches Agreement on AI Act Text: What This Means for Employers Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
4
Feb
Employer Considerations for Responding to Right of Access Requests Under Article 15 of the GDPR Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
2
Feb
OFAC Issues Russian Oil Price Cap Alert on Evasion Techniques Nelson Mullins
2
Feb
Final Draft of EU AI Act Leaked Hunton Andrews Kurth
1
Feb
Italian Data Protection Authority Alleges Breaches of GDPR by ChatGPT Platform Robinson & Cole LLP
1
Feb
Competition Law "Leaves its Studs In" on UEFA and FIFA K&L Gates
1
Feb
EuropaBio Publishes Biomanufacturing Global Series Reports on the United States, India, and Japan Bergeson & Campbell, P.C.
1
Feb
UK and European M&A: Predictions for 2024 Katten
31
Jan
EU Cracks Down on Environmental Claims Beveridge & Diamond PC
30
Jan
European Regulatory Timeline 2024 Proskauer Rose LLP
26
Jan
5 Trends to Watch: 2024 Data Privacy & Cybersecurity Greenberg Traurig, LLP
26
Jan
Revision of the CLP Regulation: What to Expect Following the Release of the European Parliament and the Council’s Compromise Agreement Keller and Heckman LLP
25
Jan
The Impact of the Retained EU Law - Revocation and Reform - Act 2023 Cadwalader, Wickersham & Taft LLP
24
Jan
How Compulsory Licenses Can Affect Domestic and Foreign Prosecution Mintz
23
Jan
ECHA Adds Five Chemicals to Candidate List of SVHCs for Authorization Bergeson & Campbell, P.C.
22
Jan
Digital Platforms, Beware of the Evolving EU Platform Work Directive Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
22
Jan
The EU’s 12th Sanctions Package – Continued Pressure Proskauer Rose LLP
22
Jan
EDPB Publishes One-Stop-Shop Digest on Data Security and Breach Notification Hunton Andrews Kurth
19
Jan
France | Olympic Consulate Begins Operations Berry Appleman & Leiden
19
Jan
What the U.S. and EU are Doing to Mitigate the Legal Risks to the Rights of Privacy and Publicity, and Intellectual Property Posed by AI Norris McLaughlin P.A.
19
Jan
EU Regulators Confirm That Cookie Consent Rules Apply to Much Broader Range of Tracking Technologies McDermott Will & Emery
 

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