As a result of the implementation of the EU Representative Actions Directive (“RAD”) and the arrival of plaintiff lawyers and profit-seeking litigation funders in Europe, class actions in both the EU and the UK are now taking off. At the same time, several legislative acts that aim to protect consumers are impacting the legal environment for companies doing business in Europe.
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.
Lack of transposition of Copyright Directive starts infringement proceedings
The letters of formal notice, the first step in the proceedings, were sent 23 EU Member States have yet to fully transpose the Directives into national legislation, which entered into force in June 2019 and for which the transposition deadline was on 7 June.
Brussels ponders reform of securities trading rules
The Commission is aiming to make certain adjustments to the investor protection rules
Government: UK will not implement EU Copyright Directive
The EU’s controversial Copyright Directive will not be implemented by the United Kingdom, a government minister has confirmed.
EU directive strengthening consumer rights now in force
The move aims to considerably strengthen the position of consumers within the online universe.
EU’s new Whistle-blower Directive in force
A new EU Directive on the protection of whistle-blowers has entered into force. It mandates better protection of informants and aims to ensure that complaints are dealt with swiftly.
EU adopts new rules for cross-border conversions of limited liability companies
The EU is continuing its attempts in introducing a unified framework for company law
Europe’s disputed copyright law: An overview
With 348 voting in favour, 274 voting against and 36 abstaining, the much-discussed EU Copyright Directive has finally been approved by the European Parliament.