The Commission estimates that industries that “make intensive use of IP” contribute 47% of total EU GDP and nearly 40% of total employment within the Union.
Europe remains a global leader in innovation, ability to commercialise lagging
On 14 February 2024, the European Commission published its 2024 Annual Single Market and Competitiveness Report. The report, following established KPIs that define competitiveness based on nine distinct drivers, aims to give a comprehensive overview of both positive and negative trends within the Single Market.
What will happen to the Corporate Sustainability Due Diligence Directive ?
Though there were developments in late 2023 that the Directive was on the way to being enacted, recent weeks have questioned Germany’s support for the final version.
EU Strikes Provisional Agreement on the Data Act
The European Union has taken a significant leap forward in its quest to become a global pacesetter in the data-driven economy.
The Digital Services Act: A New Era for Online Platforms and Search Engines
The European Commission designated 17 Very Large Online Platforms (VLOPs) and 2 Very Large Online Search Engines (VLOSEs) that reach at least 45 million monthly active users.
Upgrades on EU company law with an emphasis on digitalisation expected
The proposal’s main goals include improving transparency, fostering trust, and reducing the administrative burden for companies, particularly SMEs, engaged in cross-border activities within the EU.
European Commission aiming to reform GDPR enforcement rules in cross-border cases
The GDPR has signified the importance and value that online personal data holds and established strict criteria for data collection and processing. Failure to comply can cost companies dearly.
The CSRD brings new ESG reporting obligations to European companies
The CSRD aims to address the criticisms and modernise the environmental and social reporting requirements that companies are obligated to provide.
A new cybersecurity regime brings enhanced agencies, reporting obligations
The EU cybersecurity regime recently underwent a notable reform. In January 2023, Directive 2022/2555, the new NIS 2 Directive – the EU-wide legislation on cybersecurity – entered into force, amending existing legislation and repealing Directive 2016/1148, in place since 2016.
Amazon hoping for an agreement to stop competition law investigations
The e-commerce giant could potentially be imposed some significant fines reaching in the billions of euros, in violation of EU competition law rules, unless they can strike a deal with the Commission.
