The EU Court of Justice, in its judgment given in Case C-291/22 P, annulled the European Medicines’s decision denying marketing authorization for a drug, finding that the evaluation process was vitiated by the presence within the Committee for Medicinal Products for Human Use of an expert who was in a situation of conflict of interest.
The FCA’s Sustainability Disclosure Requirements (SDR) regime is the UK’s flagship ESG regime, set to apply from May 2024 onwards. The SDR is primarily a product labelling regime which is accompanied by entity-level disclosure requirements, new anti-greenwashing guidance and ESG marketing requirements.
This implementation guide provides a practical overview of the regime and key points for firms to consider when launching an SDR labelled fund and completing entity-level disclosures.
Anti-dumping and anti-subsidy rules are a powerful tools that Belgian/EU goods manufacturers can employ to support their business. Anti-dumping and anti-subsidy measures take the form of additional import duties that are due on competing imported goods. These duties, which are in force for an average of 12 years and are at an average level of 30%, reduce the import volume of imported goods by an average of 85%. They thus significantly reshape markets for prolonged periods.
In this webinar session, we discussed the latest audit trends and focus areas of the cell for large enterprises, the Transfer pricing cell and the Special tax investigation office (e.g., tax treatment of reorganizations, EBITDA 30%-rule, group contribution, transfer pricing implications of financial transactions, hard-to-value intangibles, etc). We analyzed the triggers leading to a tax audit and best practices on how to best handle a tax audit. Finally, we looked ahead and discussed the impact of new regimes, such as CFC, Pillar two, the public CbCR, and multilateral tax audits.
In this session, we covered the expected implications for VAT audits going forward and gave an overview of the expected areas of focus. VAT and customs often go hand in hand, hence we also covered customs audits and investigations which are very complex and are often difficult to handle for groups due to limited compliance resources in this field. We also took this opportunity to touch upon the difficulties faced by companies regarding the different sanction packages adopted by the EU Commission and uncovered what a typical trade investigation looks like and what the focus areas are. Finally, we provided recommendations on how to best avoid an adverse outcome by implementing quality control and monitoring procedures.
In a major shakeup to businesses’ obligations relating to human rights, environmental standards and climate change, the Corporate Sustainability Due Diligence Directive is set to become law.
In this article, we focus on the nature of the due diligence obligations: what is required in terms of diligence, what types of impacts are covered, etc.
As part of the European Union (EU)’s European Green Deal, one of the areas of EU law that has developed most rapidly and profoundly is that relating to corporate sustainability governance. Most recently, the Corporate Sustainability Due Diligence Directive (“CS3D”), has been provisionally agreed at a political level in December 2023, and confirmed by COREPER in a revised version in March 2024. The final text of the CS3D must still be formally adopted by the European Parliament and the Council of Ministers before it enters into force.
Changes to the UK immigration system implementing the UK government’s plan to cut migration levels and curb abuse of the immigration system will come into effect between March and April 2024.
On 1 March 2024, the Swiss Federal Council published the dispatch on the taxation of teleworking in an international context. The new regulations serve as a national basis for the taxation of teleworking by cross-border commuters to ensure the implementation of the new international treaty regulations with France and Italy in Switzerland. These changes will affect the taxation of salaries of employees who are not resident in Switzerland for tax purposes but who work in Switzerland and are subject to an international supplement agreement regulating telework in a cross-border context.
Email is the central means of communication in business organizations. Mailboxes are a valuable source of information, particularly in the event of termination of employment relationships or suspected breaches of duty. However, access to emails is restricted and requires careful consideration of the interests of both employer and employee on a case-by-case basis.