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EU Offers UK "Improved Equivalence" Deal for Banks
April 25, 2018
Bloomberg reports that the vague wording of a recent EU negotiating document offering the UK the status of "improved equivalence" to allow its financial services industry access to the EU market after Brexit signals a split among EU member states regarding their desired treatment of British banks.
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UK Legislators Seek Consideration of Brexit Delay
April 25, 2018
A majority of the UK House of Commons Select Committee on Brexit recently adopted a report, disavowed by euroskeptic members of the Committee, asserting that the British Government should delay its departure from the EU if the UK and EU have not decided "substantial aspects" of the withdrawal agreement by this October.
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ECJ Permits Challenge to EU Importation Decision
April 25, 2018
The Court of Justice of the EU (ECJ) recently recognized the right of a nonprofit institute to challenge the European Commission's (EC) decision to permit the importation of genetically modified soybeans into the EU, rejecting the EC's argument that the legislation used by the institute applies only to environmental risks and not to consumer health concerns.
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EU Watchdog Criticizes EC for Lack of Scrutiny on Barroso
April 24, 2018
The Daily Mail reports that the European Ombudsman Emily O'Reilly recently criticized European Commission (EC) officials for failing to scrutinize former EC President José Manuel Barroso's acceptance of a job at Goldman Sachs in 2016 that may involve lobbying EU officials, labeling the alleged oversight "maladministration."
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EP Document Pairs Market Access with ECJ Authority
April 24, 2018
The European Parliament (EP) recently adopted a resolution asserting that any "deep and comprehensive" future trade deal between the EU and the UK must include "a binding interpretation role" for the Court of Justice of the EU (ECJ) and proposing an "association agreement" with the UK that could provide broad market access between the jurisdictions.
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