On 14 February, the European Parliament approved the European Union’s plans for new CO2 emissions reduction targets for cars and vans by 2035. This new regulation effectively bans internal combustion engines, incentivising the production of more electric passenger cars and small commercial vans. Coined “CO2 Emission Standards for Cars and Vans”, the proposed regulation was first presented in July 2021 as part of the EU’s ‘Fit for 55’ package, aimed at reducing CO2 emissions in the EU by 55%...

Retailers relied on pricing to solve a lot of their problems last year. Staggering input costs, including those related to energy, transport, and raw materials, were only manageable because they could be passed on to customers. However, as economic growth slows and the Federal Reserve continues its aggressive rate increases to tame inflation, consumer buying power is diminishing as well. This means that retailers will have to look elsewhere to combat rising costs as they try to maintain margin...

With the help of our members, this thought-leadership series explores the acceleration of “digitalization” due to COVID-19 on both sides of the Atlantic, and across various industries. Today, we present Lisa A. Ferrari, Co-Chair, Copyright Practice at COZEN O'CONNOR in New York City, USA; along with Camille Truchot, Associate at GIDE LOYRETTE NOEL in Paris, FR. They will address: “NFTs & Copyright Issues in the EU and U.S.”. An NFT, or "non fungible token" is a token, registered on a...

€2.4 billion for clean energy €1.3 billion for business investment and corporate innovation €614 million for urban development and housing €501 million for sustainable transport The Board of Directors of the European Investment Bank (EIB) today approved €5.5 billion of new financing to support new green energy, business, transport, health and education across Europe and around the world. “The EIB’s backing for transformational renewable energy projects approved today demonstrates our firm commitment to support the REPowerEU plan with additional clean...

The European Parliament has voted on 15 February 2023 in favour of a major update to the EU’s regulation for long-term investment funds (ELTIFs), also known as ELTIF 2.0. Adopting ELTIF 2.0 by the European Parliament forms part of the EU’s wider Capital Markets Union (CMU) initiative that aims to develop the EU’s capital markets. 1. Background to ELTIF 2.0 The initial ELTIF Regulation entered into force on 19 May 2015 with the objective of boosting European long-term investments in the...

As a business, you want to make sure that you have all your bases covered. This includes having a master service agreement in place. A master service agreement is a contract between a company and its customers that outlines the terms and conditions of the services being provided. This agreement protects both parties involved and ensures that everyone is on the same page. Having a master service agreement in place is essential for any business, so make sure you...

Josep Borrell visited IE University to join a discussion on the new world order at the launch of a new phase of the school | Josep Borrell, Vice-President of the European Commission and High Representative of the European Union (EU) for Foreign Affairs and Security Policy, visited IE University to share his views on the new global order at the celebration of a new chapter for IE School of Politics, Economics and Global Affairs. “As global change is accelerating, we can...