Expert Articles and Blogs

Expert Articles and Blogs

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Antitrust, Public Procurement and State Aid Law

Reverse leveraging in merger control: General Court upholds Booking/Etraveli prohibition

06 Oct 2026
5 min read

Financial Services

The Future of European Financial Supervision

01 Oct 2026
0 min read

Financial Services

UNGA 81 and financial services: from AI agents to a new architecture of dependency

29 Sep 2026
3 min read

Financial Services

MiCAR 2.0: Examining the EBA and ESCB responses

28 Sep 2026
5 min read

Financial Services

Bafin publishes MaRisk for small and medium-sized securities firms

24 Sep 2026
2 min read

Financial Services

The Simplification Paradox: Safety, Competitiveness, and Administrability in Post-Crisis EU Financial Services Reform

23 Sep 2026
6 min read

Financial Services

EU’s State of the Union 2026 – key implications for financial markets

22 Sep 2026
2 min read

Financial Services

PE acquisitions of EU Investment Firms: The EU regulatory “Investment HoldCo Question”

22 Sep 2026
3 min read

Financial Services

Insurance Union’s missing third pillar: can the EU passport insurance without passporting policyholder protection?

17 Sep 2026
6 min read

Financial Services

The UK-US Digital Finance Corridor: Is the EU building the rules while others build the market?

17 Sep 2026
5 min read

Insolvencies and Restructurings

Managing Director’s Liability for Payments Made After the Onset of Insolvency in a Cash Pool

16 Sep 2026
7 min read

Financial Services

When markets stop closing: EU readiness for 24/7 trading and instant settlement

14 Sep 2026
5 min read

Financial Services

The token is not the share: ESMA expresses its views on legal title gap in tokenised equities

14 Sep 2026
5 min read

Corporate Law

Group Law—The Group’s Interest and Its Legitimacy in Contractual and De Facto Groups

04 Sep 2026
8 min read

Commercial

PPWR in practice: What the new FAQ clarifies

03 Sep 2026
7 min read

Financial Services

MISP moves into political negotiation: what more than 1,900 amendments mean for the EU’s future market architecture

31 Aug 2026
5 min read

Financial Services

Following the money: the Commission maps the next phase of EU financial-intelligence access

31 Aug 2026
3 min read

Financial Services

EU Inc and the 28th Regime: From Company Law Simplification to Capital Markets Infrastructure?

28 Aug 2026
7 min read

Commercial

The PPWR Is Now Applicable: These Obligations Apply Today – and How to Implement Them Quickly and with Legal Certainty

21 Aug 2026
4 min read

Corporate Law

German Government seeks to end ‘circumvention’ of co-determination through shelf SE

14 Aug 2026
4 min read

Corporate Law

Update on Employee Participation in Management: No Cross-Counting of Employees of a Joint Enterprise for the Threshold Under the One-Third Participation Act, Federal Court of Justice 06/2026

13 Aug 2026
5 min read

Financial Services

From outsourcing to infrastructure: Comparing DORA to the UK’s Critical Third Party Regime

11 Aug 2026
1 min read

Corporate Law Insolvencies and Restructurings

ESG as a Refinancing Condition: Legal Implications for Restructuring and Corporate Finance

10 Aug 2026
4 min read

Financial Services

The European Commission’s Report on Banking Competitiveness: Charting a course for regulatory reform

06 Aug 2026
2 min read

Financial Services

ECB-SSM redraws the boundary between prudential rules and supervisory expectations

05 Aug 2026
1 min read

Corporate Law

When the shareholder becomes the litigation funder: The Federal Court of Justice redraws the boundaries of the duty of loyalty

03 Aug 2026
5 min read

Financial Services

The EU’s 20th and 21st Russia Sanctions Packages: A new compliance architecture for financial services firms

03 Aug 2026
1 min read

Financial Services

Bafin raises the bar on virtual IBAN compliance

03 Aug 2026
2 min read

Financial Services

Germany’s PFOF ban is now fully in force: Bafin names three impermissible circumvention structures and much more

28 Jul 2026
2 min read

Employment and Social Security Law

Coalition Package July 2026: What the Planned Reforms Mean for Your Company

24 Jul 2026
5 min read

Financial Services

Looking back to navigate forward: What the EU supervisors’ 2025 Annual Reports reveal for 2026

20 Jul 2026
4 min read

Financial Services

Examining the June 2026 Rapporteur reports on MISP

14 Jul 2026
3 min read

Financial Services

Consultation—Bafin Circular on the Amendments to the KAGB Following the FRiG

13 Jul 2026
5 min read

Financial Services

Ireland’s 2026 EU Presidency: Focusing on the financial services files that matter

10 Jul 2026
3 min read

Financial Services

Prediction markets under the regulatory spotlight: ESMA’s Public Statement confirms that existing binary options prohibitions apply to event contracts

09 Jul 2026
2 min read

Corporate Law

Group Coordination Agreements - Development, Content, Outlook

07 Jul 2026
7 min read

Financial Services

CJEU ruling clarifies borrowing rate must exclude credit costs—what EU lenders need to do now

30 Jun 2026
1 min read

Financial Services

From option to obligation: ESMA’s messaging consultation makes T+1 operational readiness a 2026 priority

24 Jun 2026
2 min read

Financial Services

Bridging the Atlantic on Stablecoins: The EBA-NYDFS Supervisory Cooperation MoU and Its Implications for Regulated Firms

10 Jun 2026
3 min read

Financial Services

After the MiCAR Deadline: Enforcement, Liability and Legal Consequences for Non-Compliant CASPs from 1 July 2026

05 Jun 2026
2 min read

Financial Services

Joint Committee of the ESAs’ Annual Report 2025 – Key Implications for Regulated Firms

02 Jun 2026
2 min read

Financial Services

Scope, stablecoins, CASPs and more – MiCAR’s dual consultations chart the course for EU crypto regulation’s next chapter

29 May 2026
3 min read

Financial Services

Tokenisation yes, Monetary fragmentation no: The ECB’s emerging doctrine for the EU’s digital finance architecture and wider views on the MIP

28 May 2026
3 min read

Financial Services

The PSR and PSD3 move forward: What the EU's new payments framework means for regulated firms

22 May 2026
3 min read

Financial Services

The EU Credit Servicers Directive: Market transformation and the path ahead

20 May 2026
5 min read

Financial Services

WpI MaRisk – BaFin publishes consultation paper

18 May 2026
3 min read

Financial Services

A recap on MiCAR white paper machine readability requirements

12 May 2026
3 min read

Financial Services

Bafin seeks public comment on the 9th amendment to the MaRisk

11 May 2026
7 min read

Financial Services

Mind your messaging: Bafin sets new boundaries with landmark order on advertising in public M&A

07 May 2026
17 min read

Financial Services

EBA launches consultation on Reporting Framework 4.3 – New AML and Third‑Country Branch reporting requirements

06 May 2026
5 min read

Financial Services

SEC Exempts Directors and Officers of EEA FPIs from Section 16(a) Reporting—A Milestone for Transatlantic Regulatory Alignment

30 Apr 2026
11 min read

Financial Services

When does an informal ECB communication become a challengeable act? The General Court’s Order in Banco Santander v ECB (T-610/24)

21 Apr 2026
24 min read

Financial Services

EBA and ESMA consultation on revised joint Guidelines on the suitability assessment of members of management bodies and key function holders

17 Apr 2026
28 min read

Corporate Law

On the Tort Liability of the Parent Company for Breaches of Duty by the Subsidiary: Grounds and Limitations

15 Apr 2026
6 min read

Financial Services

An EU view on the SEC-CFTC joint interpretative release and MOU on crypto-assets

26 Mar 2026
25 min read

Financial Services

The 2026 SCHUFA score reforms and implications for financial services firms

25 Mar 2026
26 min read

Corporate Law

EU Inc. – Making it easier to do business in the European Union

24 Mar 2026
3 min read

Litigation, Arbitration

Introducing a new dispute resolution forum in Germany: Commercial Courts and Commercial Chambers

24 Mar 2026
10 min read

Financial Services

ESMA reminds firms of CFD product intervention obligations

24 Mar 2026
11 min read

Financial Services

European Commission consultation on private equity exits: A new framework for secondary trading in private company shares

23 Mar 2026
13 min read

Financial Services

ESMA’s record fine on governance and control failings signals new era of supervision

13 Mar 2026
25 min read

Financial Services

From action to acceleration – AMLA’s Single Programming Document for 2026-2028 charts the course ahead

03 Mar 2026
38 min read

Financial Services

BaFin publishes its 2026 Risks in Focus

12 Feb 2026
17 min read

Energy and climate law

German Government reaches general agreement on power plant strategy with the European Commission

10 Feb 2026
2 min read

Antitrust, Public Procurement and State Aid Law

EU Commission publishes final Guidelines on the application of EU Foreign Subsidies Regulation (FSR)

30 Jan 2026
5 min read

Financial Services

From repair to reinvention – how EU financial markets regulation has evolved and what it signals for the next decade

30 Jan 2026
15 min read

Financial Services

Berne meets Basel via Brussels – How access rights under the Berne Financial Services Agreement compare to CRD VI

27 Jan 2026
4 min read

Financial Services

Reviewing EU Payments, Crypto-Assets and AI-linked fraud trends: Key insights and expectations from the ESAs and ECB

20 Jan 2026
19 min read

Financial Services

EBA publishes draft guidelines on the authorisation of third country branches

06 Jan 2026
10 min read

Financial Services

Simplified holder control procedures: New regulation effective from 25 November 2025

05 Jan 2026
7 min read

Financial Services

Latest information on the 19th package of sanctions against Russia and its impact on the financial industry

02 Jan 2026
10 min read

Financial Services

European Commission publishes Market Integration and Supervision Package

22 Dec 2025
53 min read

Financial Services

SRB publishes its Annual Work Programme 2026

12 Dec 2025
17 min read

Financial Services

ECB-SSM publishes its Annual Work Programme 2026

05 Dec 2025
19 min read

Financial Services

Latest information regarding the changes to the Foreign Trade and Payments Ordinance (AWV) pursuant to Sections 63-73 AWV

02 Dec 2025
10 min read

Financial Services

European Commission publishes its Annual Work Programme 2026 – a focus on financial services issues

26 Nov 2025
15 min read

Financial Services

ESAs publish first list of critical ICT third-party providers under DORA

26 Nov 2025
13 min read

Financial Services

Latest Information on the BaFin’s General Administrative Order regarding Turbo Certificates

21 Nov 2025
8 min read

Financial Services

European Commission publishes its 2025 Financial Literacy Strategy

10 Nov 2025
30 min read

Financial Services

EU Commission publishes its 2025 Recommendation and blueprint for Savings and Investment Accounts

10 Nov 2025
35 min read

Energy and climate law

Greenwashing: Climate promises must be backed up by corporate practice

06 Nov 2025
3 min read

Employment and Social Security Law

Federal Labour Court strengthens equal pay: a single comparator suffices – no “preponderant probability” required

31 Oct 2025
3 min read

Financial Services

ESMA publishes Final Report on the Draft Regulatory Technical Standards for open-ended loan-originating AIFs

31 Oct 2025
15 min read

Energy and climate law

Target model for capacity mechanisms according to CISAF

21 Oct 2025
2 min read

Financial Services

The Joint Committee of the European Supervisory Authorities publishes its Annual Work Programme 2026

20 Oct 2025
13 min read

Financial Services

EBA publishes its Annual Work Programme 2026

17 Oct 2025
17 min read

Financial Services

ESMA publishes its Annual Work Programme 2026

16 Oct 2025
31 min read

Energy and climate law

Green light for electricity price relief for energy-intensive users?

16 Oct 2025
3 min read

Financial Services

EIOPA publishes its Annual Work Programme 2026

15 Oct 2025
11 min read

Energy and climate law

EGC annuls Acer decision on the calculation methodology regarding electricity capacities

14 Oct 2025
2 min read

Financial Services

KMMV: Specification of insider disclosure requirements

13 Oct 2025
8 min read

Financial Services

NPE guidelines for LSIs: ECB-SSM launches consultation

09 Oct 2025
10 min read

Financial Services

Updates as to the BaFin information sheet on the authorisation procedure for AIF management companies

02 Oct 2025
8 min read

Employment and Social Security Law

Company Pension Strengthening Act II (“BRSG II”) – Draft by the Federal Government – What it brings and who benefits from it!

30 Sep 2025
4 min read

Financial Services

Frankfurt Administrative Court: BaFin's obligation to repay bank levies for 2011–2014

26 Sep 2025
4 min read

Financial Services

EU Data Act: New rules for data access, contract fairness and cloud portability in the financial sector

25 Sep 2025
7 min read

Financial Services

Proposed bill implementing Directive (EU) 2023/2225 on credit agreements for consumers adopted

18 Sep 2025
11 min read

Financial Services

Operational Resilience in Payment Transactions: Established Requirements, New Urgency

10 Sep 2025
7 min read

Financial Services

ESMA issues comprehensive Registration Guide for financial entities under its direct supervision

10 Sep 2025
10 min read

Financial Services

EU’s State of the Union 2025 – key implications for financial markets

10 Sep 2025
15 min read

Financial Services

EIOPA publishes results of its first mystery shopping exercise

08 Sep 2025
9 min read

Financial Services

ESMA publishes consolidated overview of rules on cross-border distribution of investment funds

27 Aug 2025
12 min read

Financial Services

Eurosystem launches ECMS

27 Aug 2025
7 min read

Financial Services

BaFin’s Draft WpI MaRisk: new regulatory risk management framework for small and medium-sized investment firms

25 Aug 2025
11 min read

Financial Services

Verification of Payee requirements (VoP) under the EU’s Instant Payments Regulation (IPR)

21 Aug 2025
7 min read

Antitrust, Public Procurement and State Aid Law

EU Commission launches in-depth investigation into ADNOC’s acquisition of Covestro under EU Foreign Subsidies Regulation

15 Aug 2025
8 min read

Data Protection and Cybersecurity

PwC Vietnam: New Personal Data Protection Law

14 Aug 2025
1 min read

Antitrust, Public Procurement and State Aid Law

The Role of Corporate Compliance Systems in Preventing Antitrust Violations

07 Aug 2025
8 min read

Financial Services

AMLA signs MoUs with ECB-SSM and ESAs on cooperation and information exchange in the performance of their respective tasks

04 Aug 2025
11 min read

Financial Services

EBA publishes report on exemption of third country entities from the requirement to set up a branch for the provision of banking services to EU financial sector entities

30 Jul 2025
26 min read

Financial Services

From vision to action – AMLA publishes its first Annual Work Programme

30 Jul 2025
26 min read

Financial Services

ESRB Annual Report on activities in 2024: Key developments, supervisory priorities and regulatory implications

21 Jul 2025
16 min read

Litigation, Arbitration

Together or alone? The unexplored potential of caucus in the German mediation landscape

17 Jul 2025
13 min read

Financial Services

Court of Justice of the European Union clarifies obligations of bankruptcy courts to assess unfair contract terms in consumer insolvency proceedings

14 Jul 2025
12 min read

Financial Services

Court of Justice of the European Union clarifies expectations on consumer protection and mortgage enforcement

03 Jul 2025
13 min read

Energy and climate law

EU Commission plans prolongation of the Gas Storage Regulation until 2027

26 Jun 2025
4 min read

Financial Services

EIOPA releases 2024 Annual Report – Key developments, regulatory initiatives and strategic priorities

25 Jun 2025
11 min read

Financial Services

ESMA releases 2024 Annual Report – Key developments, regulatory initiatives and strategic priorities

23 Jun 2025
15 min read

Financial Services

EBA releases 2024 Annual Report – Key developments, regulatory initiatives and strategic priorities

18 Jun 2025
11 min read

Litigation, Arbitration Antitrust, Public Procurement and State Aid Law

Use of personal data for AI Training does not violate DMA according to Higher Regional Court of Cologne

03 Jun 2025
4 min read

Financial Services

ECB publishes Guide to consultation of ECB by national authorities regarding draft legislative provisions

26 May 2025
9 min read

Financial Services

ECB-SSM Annual Report on Supervisory Activities 2024: Key developments, supervisory priorities and regulatory implications

22 May 2025
7 min read

Financial Services

Annual Report on Sanctioning Activities in the SSM 2024: ECB-SSM sets out key findings and regulatory implications

21 May 2025
6 min read

Litigation, Arbitration Antitrust, Public Procurement and State Aid Law

Enforcement of the DMA – European Commission imposes first fines under the DMA on Apple and Meta

20 May 2025
5 min read

Financial Services

ESMA publishes Final Report and Final Draft RTS on investment firms’ order execution policies

20 May 2025
13 min read

Financial Services

The emergence of request to pay (RTP) from a financial services legal and regulatory perspective

12 May 2025
9 min read

Public Business Law

Importance, Development and Regulation of AI in Low Income Countries and Emerging Markets

30 Apr 2025
4 min read

Financial Services

Making sense of MAC and force majeure clauses in the time of tariffs

24 Apr 2025
25 min read

Financial Services

ECB Opinion on a Shorter Settlement Cycle Regulation

17 Apr 2025
5 min read

Financial Services

The trouble with trading app outages

15 Apr 2025
13 min read

Financial Services

Germany’s 2025 Coalition Agreement – Key takeaways for financial services firms

11 Apr 2025
13 min read

Financial Services

ESMA letter on prioritisation of 2025 deliverables

02 Apr 2025
3 min read

Financial Services

The EU’s 2025 Savings and Investments Union Strategy

31 Mar 2025
16 min read

Energy and climate law

Clean Industrial Deal, Action Plan for Affordable Energy and Omnibus packages I and II

21 Mar 2025
11 min read

Financial Services

Transitioning securities settlement to T+1 in the EU

10 Mar 2025
4 min read

Public Business Law

Effective and legally secure government regulation in shaping key future transformation themes – challenges and solutions approaches

07 Mar 2025
3 min read

Financial Services

European Commission publishes a “Competitiveness Compass” and its Annual Work Programme – key aspects for financial services

20 Feb 2025
2 min read

Financial Services

ESMA publishes its Programming Document 2026-2028

06 Feb 2025
15 min read

Financial Services

Back to the drawing board? European Commission rejects DORA subcontracting RTS

05 Feb 2025
9 min read

Financial Services

European Commission and ESMA publish Guidance on non-MiCAR compliant ARTs and EMTs

24 Jan 2025
7 min read

Financial Services

MiCAR – Final guidelines on systems maintenance and security access protocols for crypto-assets other than ARTs and EMTs

22 Jan 2025
11 min read

Financial Services

MiCAR – Final guidelines on qualification of crypto-assets as financial instruments

22 Jan 2025
19 min read

Financial Services

MiCAR – Final guidelines on reverse solicitation

22 Jan 2025
3 min read

Financial Services

MiCAR – Final RTS published on information of a proposed acquisition of qualifying holdings in issuers of ARTs

22 Jan 2025
15 min read

Financial Services

MiCAR – Final RTS specifying certain requirements in relation to the detection and prevention of crypto-asset related market abuse

22 Jan 2025
15 min read

Financial Services

ESMA consults on draft guidelines on the internal control systems framework for some of its supervised entities

17 Jan 2025
3 min read

Financial Services

ESMA consults on Technical Advice on Listing Act implications

17 Jan 2025
12 min read

Financial Services

ECJ ruling on the independence of national resolution authorities – strengthening of shareholder and bondholder rights

16 Jan 2025
11 min read

Data Protection and Cybersecurity

India: Draft Digital Personal Data Protection Rules, 2025 released – open to public comments

14 Jan 2025
1 min read

Financial Services

Single Resolution Board publishes its Annual Work Programme 2025

18 Dec 2024
11 min read

Financial Services

ECB publishes its SSM Annual Work Programme 2025

18 Dec 2024
3 min read

Antitrust, Public Procurement and State Aid Law

Projections and Future Perspectives of TCTF and IRA in a Political Context

05 Dec 2024
3 min read

Financial Services

The European Accessibility Act (EAA) and its national transposition in the Grand Duchy of Luxembourg

22 Nov 2024
3 min read

Financial Services

The European Accessibility Act: an overview what’s changing and for whom

23 Oct 2024
17 min read

Financial Services

EU’s final adoption of the Listing Act package

15 Oct 2024
19 min read

Financial Services

The Joint Committee of the European Supervisory Authorities publishes its Annual Work Programme 2025

10 Oct 2024
3 min read

Financial Services

EBA publishes its Annual Work Programme 2025 and sets out the path to 2027

10 Oct 2024
3 min read

Financial Services

ESMA publishes its Annual Work Programme 2025

10 Oct 2024
4 min read

Financial Services

Deciphering the Draghi Report plus lessons from the Letta Report and policymakers’ responses in the context of the Single Market for Financial Services

10 Oct 2024
41 min read

Financial Services

Demystifying DeFi in MiCAR

08 Oct 2024
15 min read

Financial Services

Revisiting the CJEU’s ruling on CRA scoring and data retention – key considerations for market participants

07 Oct 2024
17 min read