The recent Panama Papers and LuxLeaks scandals have illustrated the urgent need to establish legislation to protect whistleblowers, as their revelations have raised awareness of the serious breaches of EU law – particularly harmful to the public interest – and of the precariousness of their status.
After the agreements between the European Union and Canada and Japan, it is now the turn of the European Union – Singapore free trade agreement to enter into force. This agreement – the first free trade agreement between the European Union and a Member State of the Association of Southeast Asian Nations – marks a further step towards the European Union’s external trade openness.
Regulation (EU) 2019/452 of the European Parliament and of the Council of March 19, 2019 establishing a framework for the screening of foreign direct investments into the European Union entered into force on April 10, 2019. It will automatically apply in EU Member States from April 11, 2020. The objective of this new Regulation is to create cooperation mechanisms between Member States on the one hand, and between Member States and the European Commission on the other hand, in order to control foreign direct investments in sensible European business sectors.
Applicable requirements for the service of judicial documents within the European Union wherever the defendant does not appear at court
Bringing a legal action against a person domiciled in another Member State of the European Union requires compliance with a whole series of European and national provisions relating to the international service of judicial documents. In a decision handed down on April 11, 2019, the Cour de Cassation(French Supreme Court) specified the requirements for the international […]
While the Transatlantic Trade and Investment Partnership (“TTIP”, also known as the Trans-Atlantic Free Trade Agreement or “TAFTA” ) has been abandoned, the Court of Justice of the European Union (“CJEU”), in an opinion dated April 30, 2019, ruled on the compatibility with EU law of the mechanism for the settlement of disputes provided for under the Comprehensive Economic and Trade Agreement (“CETA”) entered into between Canada and the European Union .
Transposition of Directive UE 2017/828 as regards the encouragement of long-term shareholder engagement in listed companies
On May 17, 2017, Directive 2017/828 of the European Parliament and of the Council amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement in listed companies was adopted.
This revision of Directive 2007/36/EC aims to change practices brought about by the 2008 financial crisis, which, by promoting short-term yields, lead to sub-optimal corporate governance and performance.