Category: Updates

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Stronger rules in the trafficking of human beings

Stronger rules in the trafficking of human beings

On December 19, 2022, the EU Commission proposed strengthening the rules that prevent and combat the trafficking of human beings. The updated rules will provide more vital tools for law enforcement and judicial authorities to investigate and prosecute new forms of exploitation, for example, by making sure that knowingly using the services provided by victims...

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The NIS2 Directive was officially published in the Official Journal of the EU

The NIS2 Directive was officially published in the Official Journal of the EU

Today, on 27 December 2022, the NIS2 Directive was officially published in the Official Journal of the European Union and will enter into force in twenty days. The NIS 2 Directive replaces and repeals the NIS Directive (Directive 2016/1148/EC). NIS 2 improves cybersecurity risk management and introduces reporting obligations across sectors such as energy, transport,...

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Provisional deal on a proposal to minimise the risk of deforestation and forest degradation

Provisional deal on a proposal to minimise the risk of deforestation and forest degradation

On 6 December 2022, the Council and the European Parliament reached a provisional deal on a proposal to minimize the risk of deforestation and forest degradation associated with products that are imported into or exported from the European Union. The agreement is provisional pending formal adoption in both institutions. The provisional agreement sets mandatory due...

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EU Council enlarges the scope of the existing regulatory framework on an anti-money laundering regulation

EU Council enlarges the scope of the existing regulatory framework on an anti-money laundering regulation

The EU continues its fight to protect EU citizens and the EU’s financial system against money laundering and terrorist financing. On 7 December 2022, in order to enlarge the scope of the existing regulatory framework and to close possible loopholes, the Council agreed on its position on an anti-money laundering (AML) regulation and a new directive (AMLD6). Together...

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The Council adopted legislation for a high common level of cybersecurity across the Union

The Council adopted legislation for a high common level of cybersecurity across the Union

The Council has adopted new legislation for a high common level of cybersecurity across the Union, to strengthen the resilience and incident response capacities of both the public and private sector and the European Union as a whole. This new directive, which is also called “NIS2”, will replace the current directive on security of network and...

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EU adopted Corporate Sustainability Reporting legislation

EU adopted Corporate Sustainability Reporting legislation

The EU Council on Monday announced its final approval of the Corporate Sustainability Reporting Directive (CSRD), marking the last major step in the overhaul and expansion of corporate sustainability reporting in the EU. With the approval and the recent passage of the rules by the European Parliament, the legislative act has now been adopted. The...

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New EU law on gender balance on corporate boards

New EU law on gender balance on corporate boards

The European Parliament has formally adopted the new EU law on gender balance on corporate boards. By 2026, companies will need to have 40% of the underrepresented sex among non-executive directors or 33% among all directors. The adopted Directive aims to ensure that gender balance in corporate boards of large listed EU companies is established...