Sustainability continues to be in the spotlight. In March 2022 the European Commission proposed a directive to amend the Unfair Commercial Practices Directive (2005/29/EC) (“UCPD”) and the Consumer Rights Directive (2011/83/EU) (“CRD”) in order to empower consumers for the green transition through better protection against unfair practices and better information (the “Directive”). A provisional political agreement on the Directive was reached by the European Parliament and the European Council on 25 October 2023.

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In this News Update we discuss some noteworthy proposals in the Financial Markets Amendment Act 2024, and EIOPA’s Opinion on the supervision of captives of insurers and reinsurers.

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With the rapid expansion of FDI-regulation in Europe, it is becoming increasingly essential for investors to navigate the maze of FDI-notification obligations and procedures in the European Union. AKD has closely monitored the developments in this field in the Benelux since 2020. Below you will find the AKD brochure on Regulation of Foreign Direct Investment in the Netherlands of our AKD specialists Joost Houdijk, Karst Vriesendorp and Octave Schyns.

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What next / course of action for Chinese and European manufacturers

In mid-September, Ursula von der Leyen, President of the European Commission, announced an investigation into China’s financial support for its own manufacturers of new energy vehicles (“NEVs”) in the European Parliament in Strasbourg. On Wednesday, 4 October 2023, the European Commission has officially launched the anti-subsidy proceedings pursuant to Article 10 (8) of Regulation (EU) 2016/1037.

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Since the beginning of 2023, there have been several notable developments in the area of competition law enforcement in the Netherlands.

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Dinsdag 19 september 2023 was het weer Prinsjesdag: traditiegetrouw de meest belangrijke fiscale dag van het jaar. De Hoeden, De Troonrede, en: Het Koffertje! Het demissionaire Kabinet maakte zijn fiscale voorstellen voor 2024 bekend, en gaf met de publicatie van het Belastingplan 2024 en de perifere ‘Belastingplanstukken’ duidelijkheid over de beoogde koers.

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With the rapid expansion of FDI-regulation in Europe, it is becoming increasingly essential for investors to navigate the maze of FDI-notification obligations and procedures in the European Union. AKD has closely monitored the developments in this field in the Benelux since 2020. Below you will find the AKD brochure on Regulation of Foreign Direct Investment in the Netherlands of our AKD specialists Joost Houdijk, Karst Vriesendorp and Octave Schyns.

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