New EU sanctions package crackdown on third country businesses evading Russia sanctions The European Union (EU) adopted a 13th package of sanctions against Russia last month to mark two years since Russia’s invasion of Ukraine. In line with European Commission President Ursula von der Leyen’s pronouncement that "we must keep degrading [...]
The European Union’s Anti-Coercion Instrument (ACI) regulation is a novel and significant development in international trade law which came into force on 27th December 2023. The new trade instrument will enable the European Union (EU) to deal with foreign countries’ efforts to influence or coerce the EU or a particular [...]
The European Union (EU) has launched the world's first Carbon Border Adjustment Mechanism (CBAM) having effect from 1st October 2023. CBAM is a part of the EU's "Fit for 55" legislative package to reduce emissions by at least 55% up to 2030 from 1990 levels. How CBAM works CBAM is [...]
The European Union (EU) has earned the title of becoming the world’s first jurisdiction to introduce a regulatory environment specifically for overseeing a market in crypto-assets. Meantime, the UK government is currently drafting legislation on this sector while the US is said to be examining the EU’s new regulation with [...]
The European Union’s (EU) Chips Act was agreed in principle at the end of April 2023 by the EU’s main political bodies. The proposed legislation, described by European Commission President, Ursula von der Leyen, as a “game changer”, commits €43 billion in financial subsidies towards expanding the bloc’s semiconductor industry. [...]
Following recent protracted post-Brexit negotiations on the Northern Ireland Protocol (the Protocol), there persists an underlying crisis of mistrust between the United Kingdom government and the European Union. This is in spite of the UK Parliament passing the arduously negotiated Stormont Brake provisions of the UK-EU Windsor Framework on Wednesday, [...]
New EU extra-territorial level playing field rules may adversely impact UK investment in the bloc The European Union (EU) has introduced major new legislation which could have broad implications for extra-territorial jurisdiction over businesses based in any non-EU country including the UK. The Foreign Subsidies Regulation (FSR), which will apply [...]
In response to the decline in Britain’s international trade, during the pandemic and since the end of the EU transition period, the government has launched a new trade strategy to boost exports up to £1 trillion a year by the end of the decade. The new scheme is likely to [...]
The UK government’s trade deal negotiations have recently been mired in controversy . In particular, the in-principle agreement with New Zealand has been heavily criticised as a one-sided arrangement. By contrast, since Brexit, the EU has been developing new legal instruments to strengthen its capacity to defend and promote its [...]
The European Union (EU) has been finalizing multiple trade deals since Brexit, many of which have been painstakingly negotiated over several years. Meanwhile, the UK government has been hurriedly concluding numerous continuity trade agreements (rolling over former EU deals) and embarking on new ones, raising alarm bells over their quality [...]
