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EU: Corporate sustainability due diligence – consultation on guidelines 

EU: Corporate sustainability due diligence – consultation on guidelines    The EU Commission is currently conducting a public consultation on guidelines for the Corporate sustainability due diligence directive 2024/1760 (CSDDD).  The Directive targets very large EU companies as well as non-EU companies with significant business in the EU. It requires them to identify, prevent and bring to an end actual...

EU: New initiative on VAT and circular economy

EU: New initiative on VAT and circular economy   The EU Commisson has announced the preparation of a new public consultation on VAT and circular economy. The initiative aims to facilitate the transition to a circular economy by updating selected VAT rules that may impede circular business models and sustainable consumption. It focuses on the...

EU: Public consultation on dual-use export controls – evaluation of the Dual-Use Regulation 

EU: Public consultation on dual-use export controls – evaluation of the Dual-Use Regulation    The EU Commission has launched a review of the Regulation (EU) 2021/821 on the dual-use items. Regulation (EU) 2021/821 sets rules to control exports, brokering, technical assistance, transit and transfer of ‘dual-use items’ (goods with both military and civilian application).  The Commission will be...

EU: EU emissions trading system (ETS2) – financial compensation 

EU: EU emissions trading system (ETS2) – financial compensation    The EU Commission is conducting a public consultation under the EU emissions trading system (ETS2).  Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishes a scheme for greenhouse gas emission allowance trading within the European Union and amends Council Directive 91/61/EC....

EU: Foreign direct investment screening rules – update to list of projects & programmes of Union interest 

EU: Foreign direct investment screening rules – update to list of projects & programmes of Union interest    The EU Commission has published a draft act updating the list of projects under the foreign direct investment screening rules.  Under Article 8 of the FDI Screening Regulation, the Commission must amend the above list of projects...

South Korea: New AI Act 

South Korea: New AI Act    The Korean Ministry of ICT and Science has published a Notice on Methods for Complying with Obligations Regarding Artificial Intelligence Safety.  It specifies the necessary matters regarding the specific implementation methods for measures to ensure the safety of artificial intelligence and the submission of implementation results.  In accordance with the act:  ① An AI...

EU: Deforestation – proposal to amend and simplify the rules and make technical fixes to Annex I

EU: Deforestation – proposal to amend and simplify the rules and make technical fixes to Annex I    The EU Commission has informed about the adoption of a proposal to amend and simplify the rules and make technical fixes to Annex I of the EU Deforestation Regulation, which contains the official list of commodities and derived products that fall under...

EU: Carbon border adjustment mechanism (CBAM) certificates – sale and repurchase 

EU: Carbon border adjustment mechanism (CBAM) certificates – sale and repurchase    The EU Commission has published a draft delegated regulation as regards the conditions for selling and repurchasing CBAM certificates through a common central platform following a joint procurement procedure between Member States and the Commission.  Context of the measure:  Regulation (EU) 2023/956 established the Carbon...

EU: Update of the EU drug precursor list 

EU: Update of the EU drug precursor list    The EU Comisson has published an update of the EU drug precursor list.  The initiative aligns with the European Commission’s 2025 Work Programme under the “Security” priority and builds on the Drugs Package adopted on 4 December 2025 to address illicit drug production. This package includes both the...

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