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EU Proposes Obligations on Firms To Address Shortages of Goods and Services in Times of Crisis

by , and 6 Mins Read

European Commission adopts proposal for Single Market Emergency Instrument In briefOn September 19, 2022, the European Commission (“Commission”) adopted a proposal that would give the EU sweeping new powers to address shortages and supply chain disruptions of crisis-relevant and strategic goods and services in times of crisis. The proposed Single Market Emergency Instrument (“SMEI”) is the latest in a series of EU measures that will impact supply chains, including new proposals for rules on foreign…

In Trade

EU Publishes Draft Legislation to Address Imports of Commodities Linked to Deforestation and Forest Degradation

by 1 Min Read

Baker McKenzie’s Import and Trade Remedies Blog has published a new post on the EU’s draft regulation that seeks to introduce new due diligence requirements aimed at tackling deforestation and forest degradation. This new proposal aims to repeal and replace the existing EU Timber Regulation, which imposed due diligence requirements on certain timber products for several years. These developments reflect the increased scrutiny around deforestation and forest degradation. Companies should therefore be prepared to conduct…