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On July 10, 2023, the European Commission adopted an adequacy decision for the EU-U.S. Data Privacy Framework.
V&E Data Privacy Update
As a result of ongoing discussions, the European Parliament and the Council of the European Union announced on December 13, 2022, that a provisional agreement had been reached to implement a European Union (“EU”) Carbon Border Adjustment Mechanism (“CBAM”) beginning on October 1, 2023.
V&E Environmental Update
Two new United Kingdom (“UK”) data transfer mechanisms, the International Data Transfer Agreement (“IDTA”) and the International Data Transfer Addendum (“UK Addendum”) to the European Union’s (“EU”) new standard contractual clauses (“SCCs”), came into force on March 21, 2022.
On April 21, 2021, the European Commission adopted a proposal for the Corporate Sustainability Reporting Directive (“CSRD”).