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
Jul
16
2016
European Commission Adopts EU-US Privacy Shield Katten
Jul
16
2016
NanoSafety Cluster Publishes 2016 Edition of Compendium of Projects Bergeson & Campbell, P.C.
Jul
15
2016
European Commission Approves Privacy Shield, Ushering in ‘Safe Harbor 2.0’ Polsinelli PC
Jul
15
2016
EU-U.S. Privacy Shield Finally Approved – What’s Next? Faegre Drinker
Jul
15
2016
B2B or not B2B: Application of the NHCR to Business-to-Business Commercial Communications Covington & Burling LLP
Jul
14
2016
Brexit Prompts IP Uncertainty for US Portfolios Polsinelli PC
Jul
14
2016
What Does Brexit Mean for UK Tax? Katten
Jul
14
2016
Privacy Shield Adopted, But Uncertainty Remains Proskauer Rose LLP
Jul
13
2016
New EU Rules for Medical Devices Sheppard, Mullin, Richter & Hampton LLP
Jul
13
2016
European Commission Denies 2014 Petition Seeking EU-Wide Ban on Nanoparticles Bergeson & Campbell, P.C.
Jul
12
2016
Safe Harbor Replacement EU-US Privacy Shield Approved Foley & Lardner LLP
Jul
12
2016
EU–US Privacy Shield Approved to Replace Safe Harbor Morgan, Lewis & Bockius LLP
Jul
12
2016
EU PPGA News, Brexit, Privacy Shield: EU Policy Update Covington & Burling LLP
Jul
12
2016
EU and US Unveil New Privacy Shield Covington & Burling LLP
Jul
12
2016
EU - U.S. Privacy Shield Is Finally Here Jackson Lewis P.C.
Jul
12
2016
Impact of Brexit on EU Medical Devices Regulation and Structures Covington & Burling LLP
Jul
12
2016
EU Privacy Shield is Finally Official Mintz
Jul
12
2016
European Court of Justice Rules That Genentech Must Pay Royalties to Sanofi Covington & Burling LLP
Jul
12
2016
EU Court Rules That Royalties for Unpatented Technology Are Not Necessarily Anticompetitive McDermott Will & Emery
Jul
11
2016
Potential Issues for Employers After Brexit (With No Clear Answers Yet) Foley & Lardner LLP
Jul
11
2016
The Supreme Court Considers Extraterritoriality of Racketeering Influenced and Corrupt Organizations Act Greenberg Traurig, LLP
Jul
11
2016
EU Adopts Cybersecurity Directive: What US Companies Need to Know Mintz
Jul
11
2016
European Commission Adopts MiFIR Delegated Regulations Katten
Jul
10
2016
Privacy Shield Deal Passes Major EU Hurdle Covington & Burling LLP
Jul
10
2016
Regulation Extending Commodity Dealer Exemptions From the EU Capital Requirements Regulation Published in the European Union’s Official Journal Katten
Jul
9
2016
ACER Revises Guidance on the Application of REMIT Katten
Jul
9
2016
European Commission Adopts MiFIR Delegated Regulation on Straight-Through Processing Katten
Jul
7
2016
Will Brexit Undermine U.K. Participation in the General Data Protection Regulation and the U.S./E.U. Privacy Shield? Womble Bond Dickinson (US) LLP
Jul
5
2016
Applying RICO to Foreign Injury, Conduct: What Happens in Europe, Stays in Europe? Barnes & Thornburg LLP
Jul
5
2016
One Week After Brexit Referendum – EU Reaction Covington & Burling LLP
Jul
3
2016
How Will the Exit of the United Kingdom from the European Union (“Brexit”) Affect U.S. Corporations Doing Business in the UK? Vedder Price
Jul
1
2016
EFSA Priority Topics for Guidance Development Include Nanotechnologies Bergeson & Campbell, P.C.
Jul
1
2016
Brexit Update: UK Employment Law Implications McDermott Will & Emery
Jul
1
2016
Brexit: Keep Calm and Carry On Squire Patton Boggs (US) LLP
Jun
30
2016
Pitfalls When Refiling Priority Patent Application Under Article 4 of Paris Convention Mintz
Jun
29
2016
Brexit: Consequences for UK Employment Law Proskauer Rose LLP
Jun
29
2016
EU Trade Secrets Directive and Brexit: Keep Quiet and Carry On Bracewell LLP
Jun
29
2016
Heading for Brexit: Will United Kingdom's Intellectual Property Protections Brexit Too? Barnes & Thornburg LLP
Jun
28
2016
Brexit Update: What’s Next for the Global Marketplace McDermott Will & Emery
Jun
28
2016
UK Data Privacy Laws in a Post-Brexit World Morgan, Lewis & Bockius LLP
Jun
27
2016
EU, U.S. Agree On Revisions To Privacy Shield Jackson Lewis P.C.
Jun
27
2016
Agreement in Principle Announced for EU Regime on Conflict Minerals Covington & Burling LLP
Jun
27
2016
Brexit - What You Need to Know Today About Trademarks Sterne, Kessler, Goldstein & Fox P.L.L.C.
Jun
27
2016
Bridging the Week: Brexit; Reg AT; Reserve and Control; Hacking; Manipulation; Block Trades; EFRPs Katten
Jun
27
2016
Brexit and EU Referendum: Bonfire of the Legalities? Morgan, Lewis & Bockius LLP
Jun
27
2016
Collateralized Loan Obligations: What Does Brexit Mean for European CLO Market? Cadwalader, Wickersham & Taft LLP
Jun
27
2016
“Brexit” Dominates, as Financial Markets Roil Squire Patton Boggs (US) LLP
Jun
26
2016
EU Market Abuse Regulation Delegated Regulation on Abusive Practices and Suspicious Orders and Transactions Published Katten
Jun
25
2016
Brexit: Potential Implications for Privacy Proskauer Rose LLP
Jun
25
2016
European Securities and Markets Authority (ESMA) Issues Opinion on Market Abuse Regulation Implementing Technical Standards on Disclosure of Inside Information Katten
 

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