Europe Archives

In Europe

EU: Commission implementing regulation on good distribution practice for veterinary medicinal products

August 26, 2021 by Montserrat Llopart and Elisabet Cots 5 Mins Read

On 30 July 2021, the Official Journal of the European Union published the Commission Implementing Regulation (EU) 2021/1248 of 29 of July 2021, as regards measures on good distribution practice for veterinary medicinal products in accordance with Regulation (EU) 2019/6 of the European Parliament and of the Council (“Implementing Regulation”). The Implementing Regulation applies to holders of manufacturing authorizations performing wholesale distribution of veterinary medicinal products covered by that manufacturing authorization, and to holders of a wholesale distribution authorization, including those established or operating under specific customs regimes, such as free zones or customs warehouses.

In ESG

Spain: New changes to the Code of Good Practice for the pharmaceutical industry

August 25, 2021 by Montserrat Llopart and Adria Masip 2 Mins Read

The Spanish association of pharmaceutical companies (“Farmaindustria”) has updated the Code of Good Practice for the Pharmaceutical Industry (“Code”), which came into force last 1 January 2021. This amendment is mainly aimed to introduce to section 14.2 of the Code a new definition and regulation for non-interventional studies in accordance with the provisions of the new Royal Decree 957/2020, of 3 November, which regulates non-interventional studies with medicines for human use (“RD 957/2020”). The RD 957/2020 came into force last 2 January 2021.

In AML & Financial Services Regulatory

United States: This Week in Government Enforcement (Video Chat)

August 25, 2021 by 8 Mins Read

This weekly briefing is available on demand and will cover hot topics and current enforcement actions related to white collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week. This week we talk about unregistered crypto exchanges, audits against an accounting firm, accusations against Governor Cuomo, and Belarus sanctions

In AML & Financial Services Regulatory

Europe: European Commission and UK Treasury publish proposals to reform AML/CTF regimes

August 25, 2021 by Mark Simpson, Kimberly Everitt and Ben Thatcher 1 Min Read

On 20 July 2021, the European Commission presented a package of legislative proposals establishing a new framework for the EU’s anti-money laundering and countering terrorism financing (AML/CTF) regime. The package will create an EU-wide AML supervisory authority, establish a new directly applicable single rulebook, and extend the scope and requirements of the regime including, significantly, to all cryptoasset service providers. In this briefing we explore the Commission’s proposals in more detail. We also set out considerations for UK firms, including HM Treasury’s recent consultations on the UK AML/CTF regime

In Environment

EU: European Commission adopts proposal for new Carbon Border Adjustment Mechanism

August 23, 2021 by Graham Stuart, Jennifer F. Revis, Pablo Bentes, Rachel MacLeod and Adeel Haque 6 Mins Read

On 14 July 2021, the European Commission adopted a proposal for a new Carbon Border Adjustment Mechanism, which will require importers to report the embedded emissions in certain carbon-intensive products and buy certificates to account for these emissions.

In Covid-19

United Kingdom: Returning to the office – 10 top tips for UK employers

August 22, 2021 by James Brown, Rachel Farr and Mandy Li 1 Min Read

On 19 July 2021, most COVID-19 related restrictions were lifted in England. However, the government cautioned against an immediate full return to the office, saying that it expects and recommends a gradual return over the summer, emphasizing employers’ obligations to ensure a safe place of work.

In Europe

United Kingdom: Veterinary Medicines Directorate guidance on the regulation of animal health products in the UK post-Brexit

August 20, 2021 by Tanvi Shah 2 Mins Read

With the changes to the regulation of veterinary medicines in the UK as a result of Brexit, the Veterinary Medicines Directorate has created a helpful information hub pulling together its communications on current and future regulatory changes. Access the Hub here, including useful explainers on “Application and authorisation“, “Manufacturing and distribution“, and “Pharmacovigilance“, and see below for a summary of some key points.

In Corporate Compliance

Europe: New European Due Diligence Guidance Published to Address Forced Labor in Supply Chains

August 19, 2021 by Sunwinder Mann, Graham Stuart, Adeel Haque and Rachel MacLeod 4 Mins Read

On 12 July the European Commission and the European External Actions Service (EEAS) published guidance on “due diligence for EU businesses to address the risk of forced labour in their operations and supply chains”. The non-binding guidance seeks to provide European companies with practical advice on the implementation of effective human rights due diligence practices to address forced labour risks in their supply chains.

In Africa

International: Corporate PPA Hub

August 19, 2021 by Kim Ang, Murray Bowler, Aylin Cunsolo, Martin David, Claire Dietz-Polte, Naoaki Eguchi, Clyde Skip E Rankin III, Graham J. Richmond, Masahiro Tanabe, Ines Vazquez and Kieran Whyte 1 Min Read

Explore our key resources and stay abreast of market developments and trends in the corporate power purchase agreement space.

In Argentina

International: LIBOR Transition Hub

August 18, 2021 by Debra A. Dandeneau, Matthew Dening, Michael Foundethakis, Gabriel Gomez-Giglio, Emmanuel Hadjidakis, Gavin Raftery and Oliver Socher 1 Min Read

In July of 2017, Andrew Bailey, the chief executive of the UK Financial Conduct Authority (FCA), announced in a speech that after 2021 the FCA would no longer use its power to compel panel banks to submit rate information used to determine the London Interbank Offered Rate (LIBOR). Mr. Bailey encouraged the market to develop robust alternative reference rates to replace LIBOR.