Manfred Weber, German MEP and leader of the group in the European Parliament, has, in a surprise move, ruled himself out of the Presidency. In an agreement, decided just over two years ago, the first half of the 2019 – 2024 term would be held by the Socialists, and the latter half by the EPP.  Weber, who ran as the lead candidate for the EPP in the 2019 elections, where the EPP received the highest number of votes, did not...

The transforming mobility landscape The pandemic has impacted us all. Businesses, society and economies all over the world have been hit hard and, as a result, countries have been forced to take extensive measures in order to combat the virus. These include closing borders, making international business travel nearly impossible. The pandemic acted as a catalyst for businesses around the world to respond rapidly in agile and purposeful ways. As a result, the priorities of advisers shifted towards ensuring their clients...

In this News Update, we discuss the European Commission's announcement to revise the European AML/CFT legislation and create a European AML/CFT supervisor. We also look at the EBA's consultation on new Guidelines on the role of AML/CFT compliance officers. We discuss the CJEU's ruling on the EBA Guidelines' validity on product oversight and governance. Further, we look at the EBA's Opinion to easily implement the IFR and IFD. Finally, we highlight some other financial regulatory publications issued this summer. EUROPEAN...

Stout's Automotive Recall Accelerator brings together unique and important news, analysis, and insights related to automotive recall and vehicle safety for stakeholders across the industry. RECENT DEVELOPMENTS In early 2020, a fuel pump recall was issued due to cracking from prolonged exposure to solvents during manufacturing which affected five vehicle manufacturers. Since the initial recalls, there have been at least two expansions of those recalls (highlighted in Stout’s April Automotive Accelerator). In July 2021, another vehicle manufacturer expanded its recall to...

On 20 July 2021, the Department for Business, Energy & Industrial Strategy ("BEIS") announced that the new screening regime under the National Security and Investment Act 2021 ("NSIA") would officially commence on 4 January 2022. Alongside this announcement, BEIS also published some long-awaited guidance and draft secondary legislation on various aspects of the new regime. Key points to take away from this briefing: BEIS have opened a new consultation ("Consultation") relating to its proposed use of its discretionary "call-in" power....

NautaDutilh's New York office is looking for a full time Management Assistant. About Us - NautaDutilh is a Benelux (Belgium, Netherlands, Luxembourg) Law Firm. Our New York office works with U.S.’s most prominent Financial Institutions, Corporations, and Law Firms, while practicing the law of our European jurisdictions.  Approximately 15-20 professionals work in our Rockefeller Center, New York Office location. Our Team - Our staff team members hold the title Management Assistant and they operate as a pool in fulfilling Practice Management, Attorney Support/Secretarial,...

As of September 27, 2021, companies relying on Standard Contractual Clauses (SCCs) to transfer personal data outside the European Union (EU) must use the new Standard Contractual Clauses (New SCCs) when signing data processing agreements. As a result, it is time to update template data processing agreements to ensure that your company can meet this deadline. In practice, companies should consider: Carefully analyzing the New SCCs to assess how they can comply with the new requirements, selecting the appropriate module(s),...