European Union: Securities

Michelin has filed an infringement action against Goodyear entities in the Unified Patent Court's Paris Local Division, with Goodyear responding with a counterclaim for revocation of the patent in question. The case involves European Patent EP 2 323 858 and raises questions about patent validity and alleged infringement in France under the UPC Agreement's procedural rules.

German tax residents must report worldwide income on their tax returns, including rental income from foreign properties and investment earnings from abroad.

The ESG Ratings Regulation introduces new disclosure requirements for fund managers who reference ESG ratings in their marketing materials. Understanding whether your fund's marketing communications trigger these obligations requires careful analysis of what constitutes an ESG rating under the regulation and how the prescribed website disclosures should be implemented by the July 2026 deadline.

The Cyprus Securities and Exchange Commission (CySEC) has announced its 2025 supervisory activity and priorities for 2026, highlighting enhanced market oversight, stricter enforcement and accelerated digital transformation, in the context of Cyprus' assumption of the Presidency of the Council of the European Union.

On 19 December 2025, the CSSF published the Circular CSSF 25/901 (the "Circular"), which relates to the assets, investment limits, risk capital, techniques, borrowing, and transparency requirements in relation to SIFs, SICARs and Part II UCIs.

The latest statistics published by the Central Bank of Ireland ("Central Bank") show that the net asset value (NAV) of Irish-domiciled funds increased for the second successive quarter...

Reducing unnecessary bureaucracy is an ongoing task for the German government. In the Coalition Agreement of the 20th legislative period, the governing parties agreed to reduce...

In 2024 and the first half of 2025, Belgian M&A activity has shown gradual signs of recovery compared to 2023. While inflationary pressures and elevated interest rates in mid-2024 and early 2025...

The EU's framework known as the Digital Operational Resilience Act (DORA) establishes a harmonised regulatory framework to strengthen the digital operational resilience of the EU financial sector.