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
Aug
22
2023
ECHA Publishes Main Alternatives to Substances Subject to REACH Authorization Bergeson & Campbell, P.C.
Aug
17
2023
EUROPE: Eltifs to Become Standalone Product in Ireland K&L Gates
Aug
15
2023
Congress Turns Up the Heat on ESG And Climate-Related Disclosures Barnes & Thornburg LLP
Aug
15
2023
UK Business Immigration: EU Settlement Scheme Enhancements Squire Patton Boggs (US) LLP
Aug
15
2023
ESMA Outlines Expected Sustainability Disclosures in Prospectuses Cadwalader, Wickersham & Taft LLP
Aug
14
2023
EU Commission Adopts Final Sustainability Reporting Rules Cadwalader, Wickersham & Taft LLP
Aug
13
2023
The EU Foreign Subsidies Regulation: New Rules for All Companies Active in the EU Sheppard, Mullin, Richter & Hampton LLP
Aug
8
2023
EUON Publishes Study Identifying Status of Animal-Free Test Methods for Use on Nanomaterials Bergeson & Campbell, P.C.
Aug
8
2023
EU Parliament Adopts Stricter Measures to Safeguard Water Quality and Combat Pollution Cadwalader, Wickersham & Taft LLP
Aug
7
2023
Under the GDPR, what lawful purposes can an organization rely upon when processing personal information with an AI (i.e., putting personal information into an AI prompt)? Greenberg Traurig, LLP
Aug
7
2023
The EU Artificial Intelligence Act: What’s The Impact? McDermott Will & Emery
Aug
4
2023
EU Commission Announces Much Anticipated Political Agreement on AIFMD 2 K&L Gates
Aug
3
2023
Kicking Off the Discussion on the Future of Women’s Football Squire Patton Boggs (US) LLP
Aug
3
2023
Batman Won Another (Trade Mark) Battle K&L Gates
Aug
2
2023
Goodbye to The UKCA Mark. Lifespan of The EU’s CE Mark Extended Indefinitely by The UK Government K&L Gates
Aug
2
2023
Drastic Requirements and Restrictions Implemented for U.S. Citizens Traveling to Europe Norris McLaughlin P.A.
Aug
2
2023
Open Finance and Payment Services Package (EU) K&L Gates
Aug
2
2023
Sustainable Finance: Commission Proposes to Regulate ESG Rating Providers K&L Gates
Aug
2
2023
The Priorities of the Spanish EU Presidency K&L Gates
Aug
2
2023
Consumer Protection: EU Directive on the Protection of Consumers’ Collective Interests Entered into Application K&L Gates
Aug
1
2023
New Implementing Regulation and FAQs Provide Further Details on How the European Commission Will Apply the Foreign Subsidies Regulation K&L Gates
Aug
1
2023
The UK Consults on New Securitisation Rules Cadwalader, Wickersham & Taft LLP
Aug
1
2023
The Court of Justice Overturns the General Court’s Judgment Annulling the European Commission’s Prohibition Decision in the Telecom Sector K&L Gates
Aug
1
2023
ANTITRUST M&A SNAPSHOT | Q2 2023 McDermott Will & Emery
Aug
1
2023
Under the GDPR, are companies that transmit personal information to AIs as part of ‘prompts’ acting as controllers or processors? Greenberg Traurig, LLP
Aug
1
2023
If an Organization Transmits Personal Information to An AI as Part of A ‘prompt’ What Requirements Does the GDPR Impose? Greenberg Traurig, LLP
Jul
31
2023
EU’s General Court Dismisses Action by MEP Against the Commission’s Inclusion of Nuclear Energy and Natural Gas in the EU Taxonomy Cadwalader, Wickersham & Taft LLP
Jul
31
2023
European Data Protection Board Issues Information Note on Data Transfers under the Data Privacy Framework Hunton Andrews Kurth
Jul
31
2023
Under the GDPR, does a company that uses personal information to train an AI need to allow individuals to request that their information be removed from the training data? Greenberg Traurig, LLP
Jul
28
2023
“REVERSE FDI” Towards an EU Outbound Investment Control Regime? EMEA – August 2023 Squire Patton Boggs (US) LLP
Jul
27
2023
EMA Releases Official Guidance for Protecting PPD and CCI in Clinical Trial Filings within the European Economic Area (EEA) Nelson Mullins
Jul
26
2023
July 2023 EU’s New HBER and Horizontal Guidelines: Main Changes Greenberg Traurig, LLP
Jul
26
2023
Between A Bock and A Hard Place: Does Europe's Resale "Pint" Maintenance Decision Mean More Resale Pricing Control for Suppliers? K&L Gates
Jul
25
2023
Key Principles and Considerations for Participation in the EU-US Data Privacy Framework Katten
Jul
24
2023
European Commission Adopts Adequacy Decision For EU-U.S. Data Privacy Framework Barnes & Thornburg LLP
Jul
22
2023
The New Privacy Shield – European Commission Adopts the EU-U.S. Data Privacy Framework Babst, Calland, Clements & Zomnir, P.C.
Jul
21
2023
EMA Finalizes Guidance on Safeguarding PPD and CCI in Clinical Trial Filings in the European Economic Area (EEA) Nelson Mullins
Jul
20
2023
Building a Better AI Legal Framework: The EU AI Act and Beyond Foley & Lardner LLP
Jul
20
2023
The UK and Europe Introduce New Securitisation Rules Cadwalader, Wickersham & Taft LLP
Jul
19
2023
EU Seeks Input on Proposed Digital Product Passport Framework Keller and Heckman LLP
Jul
18
2023
Will The U.S.’ Big Bet On Hydrogen Pay Off? Barnes & Thornburg LLP
Jul
18
2023
Glyphosate Moves Towards Reapproval in the E.U. Keller and Heckman LLP
Jul
18
2023
M&A Deals Face Additional Scrutiny under the FTC's New HSR Reporting Rules Proskauer Rose LLP
Jul
18
2023
Report: US and UK Executives Grapple with Evolving Data Privacy Laws Womble Bond Dickinson (US) LLP
Jul
18
2023
Australia: Regulation For ESG Ratings Agencies Gathers Pace K&L Gates
Jul
17
2023
European Commission’s Adequacy Decision Paves the Way for U.S. Companies to Begin Enrolling in the E.U.-U.S. Data Privacy Framework Program Nelson Mullins
Jul
17
2023
Competition Currents | July 2023 Greenberg Traurig, LLP
Jul
17
2023
German Whistleblower Protection Act Enters Into Force K&L Gates
Jul
17
2023
EU AI Act Proposal and Regulation of Financial Services Squire Patton Boggs (US) LLP
Jul
17
2023
European Financial Regulators Define Greenwashing, Outline Risks and Propose Mitigation Approaches Cadwalader, Wickersham & Taft LLP
 

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