18 Jul
Chapter News

European Commission | Remarks by Commissioner Síkela, Šuica and Kos on the Global Europe instrument

"Check against delivery" Commissioner Síkela Good morning, ladies and gentlemen, We have entered an era of growing geopolitical challenges. From climate-driven instability and global migration pressures to rising competition over critical raw materials, global influence, and market access. But to Europe – as a reliable, trustworthy partner - the current situation also brings new opportunities. Opportunities to build strategic partnerships. To open new markets for European companies.  This is why Europe needs a stronger and more agile external action. If we want...

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18 Jul
Chapter News

Council of the EU | VAT: Council formally adopts new rules simplifying tax collection for imports

The Council today formally adopted new value added tax (VAT) rules for distance sales of imported goods. The directive will improve collection of VAT on imported goods by ensuring suppliers are always liable for VAT paid on imports, rather than the EU consumer as is currently usual practice. This should encourage suppliers outside the EU to use the VAT import one-stop-shop (IOSS) for VAT reporting and collection. Import one-stop-shop (IOSS) The already-existing IOSS serves as a point of contact for importers of goods from third countries...

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18 Jul
Member News

Vulcan View: The latest EU developments 14 July – 18 July

Commission unveils draft 2028-2034 Multiannual Financial Framework On Wednesday, 16 July, the European Commission announced the EU’s Multiannual Financial Framework (MFF) for 2028-2034. The MMF -the EU’s long-term budget- is planned to amount to €2 trillion, with European Commission President von der Leyen stating, “The next MFF will be the most ambitious ever proposed. It is more strategic, more flexible, more transparent, and we’re investing more transparent, and we’re investing more in our capacity to respond and more in our defence.” Key features...

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17 Jul
Chapter News

European Commission | Statement by President von der Leyen on EU-U.S. trade

We take note of the letter sent by U.S. President Trump outlining a revised tariff rate and a new timeline. Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic. Few economies in the world match the European Union's level of openness and adherence to fair trading practices. The EU has consistently prioritized a negotiated solution with the U.S., reflecting our commitment to dialogue,...

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17 Jul
Chapter News

European Commission | An ambitious budget for a stronger Europe: 2028-2034

Today, the European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget matching its ambitions to be an independent, prosperous, secure, and thriving society and economy over the coming decade. Europe faces an increasing number of challenges in numerous areas such as security, defence, competitiveness, migration,...

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17 Jul
Chapter News

ECB publishes third progress report on the digital euro preparation phase

• ECB making progress on digital euro rulebook with feedback from experts, consumers and merchants • Around 70 market participants explore use cases through new innovation platform • ECB continues stakeholder engagement to ensure alignment with market needs and legislative developments The European Central Bank (ECB) has published its third progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and is laying the foundations for the potential issuance of a digital euro. Since the publication of the second...

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17 Jul
Member News

EIB Group backs more than €15 billion in new investment

• EIB and EIF Boards approve €15.5 billion for transport, housing, education, energy and business investment • EIB strengthening support for water resilience The European Investment Bank Group approved a total of €15.5 billion in new financing to back business growth and corporate innovation, improve transport and energy connectivity, invest in housing and strengthen water resilience. The decisions were made at the July board meetings of the EIB and the European Investment Fund this week. The EIB Board endorsed €14.5 billion in...

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17 Jul
Member News

Panitch Schwarze | Harnessing Copyright Law to Tackle The Growing Threat of Deepfakes

By Julianna L. Hunt, Associate, PANITCH SCHWARZE Denmark has taken a stand against the widespread popularity and growing concerns associated with deepfake technology – technology relying on artificial intelligence (AI) tools to generate images, videos, and audio recordings which, although technically fake, appear convincingly realistic.  Pop culture icons Scarlett Johansson and Tom Cruise, as well as recently deceased Pope Francis, have all fallen victim to bouts of incredibly unsettling and deceiving deepfakes created and subsequently circulated without prior consent or authorization. In light of ongoing AI advancements,...

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17 Jul
Member News

Mason Hayes & Curran | Five New Healthcare Of Counsel

As Ireland’s healthcare sector continues to grow, we are pleased to promote five senior lawyers to meet rising client demand. All five new Of Counsel work across our medical law and healthcare practices, serving both public and private clients. Kevin Power, Head of Medical Law, said the appointments reflect the depth and strength of our healthcare team. He commented: “These promotions recognise five outstanding lawyers who each bring sound judgement, practical insight, and deep sectoral experience. In today’s highly dynamic legal and regulatory landscape,...

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16 Jul
Member News

Osborne Clarke | US Global Compass July Newsletter

As digital transformation accelerates globally, the legal and commercial risks – but also opportunities – for US companies operating or investing in Europe are evolving just as quickly. That's why Osborne Clarke has launched the first edition of our new digital publication WAVE: Emerging Legal Trends in Digitalization. For US companies expanding or doing business internationally, WAVE is a timely reminder that innovation doesn't wait for legal certainty – especially in markets like the EU, where new regulations such as...

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