The European Commission has published a report setting out recommendations on how to reduce the insurance protection gap caused by climate change, with a focus on adaptation measures. The final report is the outcome of the Climate Resilience Dialogue, an initiative first launched by the European Commission in 2021.

The European Commission has published the notices of initiation of expiry reviews of the anti-dumping and anti-subsidy measures applicable to imports of certain organic coated steel products originating in the People’s Republic of China (PRC). The product subject to these reviews is certain organic coated steel products, currently falling under CN codes ex 7210 70 80, ex 7212 40 80, ex 7225 99 00, and ex 7226 99 70 (TARIC codes 7210708011, 7210708091, 7212408001, 7212408021, 7212408091, 7225990011, 7225990091, 7226997011 and 7226997091). The expiry reviews will determine whether the expiry of the measures would be likely to lead to a continuation of dumping of the product under review originating in the PRC and a continuation or recurrence of injury to the Union industry, and to result in continuation or recurrence of subsidisation and recurrence of injury to the Union industry.

MLex: The European Commission is currently delaying a decision on whether to propose binding regulations for AI in the workplace. It released a study with inconclusive findings, which was already outdated, and has commissioned a new report. The 2023 study considers that current EU legislation can address many negative consequences of algorithmic management, but ‘some gaps remain’ concerning work safety, data protection, and discrimination, making a strong case for collective bargaining.

MLex: EU banks saw updated rules on more proportional requirements on a minimum requirement for own funds and eligible liabilities (MREL) published in the Official Journal on 22 April 2024. This updated directive adjusts the treatment of liquidation entities under the MREL framework, and allows resolution authorities to set internal MREL on a consolidated basis for certain banking conglomerates.

This Practice Note provides information and practical guidance on the EU rules on non-performing loans (NPLs), which impose obligations when selling, purchasing or providing credit services in respect of NPLs. It provides: • an overview of the rules, including why they were put in place and when they apply from • information on the obligations of sellers of NPLs, including which entities they apply to and what information needs to be provided • information on the obligations of purchasers of NPLs, and • an overview of the obligations on credit servicers The Practice Note also highlights the various areas of uncertainty in the rules. Terms in italics in this Practice Note are defined in the NPL Directive and outlined further below. There is no equivalent legislation in place in the UK as yet. However, the EU rules affect non-EU purchasers of NPLs, so will have an impact on the loan market and loan market participants beyond the EU. These impacts are discussed in more detail in the relevant sections below. What

Law360, Expert analysis: The 26 February 2026 opinion of the Advocate General of the Court of Justice in NV Reibel v JSC VO Stankoimport is the next step in a long line of measures chipping away at the viability of international arbitration in the EU. According to the analysis, with input from Paul Levine, partner and co-chair, Carlos Ramos-Mrosovsky, partner and co-chair and Kayla Auza, Associate, at BakerHostetler, the Court of Justice is expanding an ‘effective review’ role for EU courts that increasingly subjects arbitration to EU public policy, thereby undermining the viability of international arbitration within the EU. This growing judicial oversight, extending beyond investment arbitration into commercial disputes, creates greater uncertainty and signals that parties must anticipate EU court interference and the broader application of EU law at both the arbitral and enforcement stages.

Sanctions are diplomatic or economic restrictive measures, applied by the EU to target third countries, non-state entities or individuals. They seek to bring about a change in activities or policies such as violations of international law or human rights, or policies that do not respect the rule of law or democratic principles.

This Practice Note provides an overview of the key European Union (EU) financial sanctions relevant to financial services providers. It addresses EU financial sanctions, particularly asset freeze measures, and the relevant aspects of the EU’s anti-money laundering and countering the financing of terrorism (AML/CTF) framework. For further practical guidance on the EU’s AML/CTF framework relevant to financial services, see the: Financial crime and sanctions (EU Law)—overview. For UK practical guidance, see: Sanctions compliance—overview and Anti-money laundering and counter-terrorist financing (AML/CTF)—overview. Key points • EU financial services providers are required to comply with a myriad of increasingly broad and complex sanctions measures. Given their risk exposure, these firms are expected to have robust sanctions compliance processes and procedures, including meeting any compliance standards set by their respective national regulators • EU sanctions apply EU-wide, but each individual Member State and its financial services regulatory bodies may have their own guidance, compliance best practices, and expectations • this sanctions landscape includes the broad economic blocking measure of EU asset

This summarises and tracks all completed antitrust sector inquiries by the European Commission carried out under Article 17 of Regulation 1/2003. 2022 Market Issues Developments Internet of Things Antitrust competition inquiry into the sector of the ‘Internet of Things’ for consumer-related products and services in the EU. The sector inquiry will focus on consumer-related products and services that are connected to a network and can be controlled at a distance (ie a voice assistant or mobile device) •

MLex: EU market participants, including data repositories, rating agencies, industry associations, supervisors and research institutions, have been invited to provide feedback on the functioning of the current EU securitisation framework. This targeted consultation, which is open until 4 December 2024, follows a recent call by EU member states to ‘relaunch the European securitisation market’. The consultation covers a wide range of issues, including supervision, due-diligence requirements and the scope of application of the securitisation regulation.

Law360, London: The EU will later in November 2024 set out its climate finance and investment targets at a climate change conference in Azerbaijan, pushing for stronger global alignment with the goals of the Paris Agreement, it said in a statement on 8 November 2024.

Law 360: The European Commission has withdrawn its bid to overhaul laws on standard-essential patents (SEP), announcing in its work plan for 2025 that there is ‘no foreseeable agreement’ for the controversial proposal.