Andersen News

Andersen's IP, IT, Data Protection Service Line has prepared their quarterly guide, which explores the implications of the groundbreaking EU AI Act, the first regulation addressing AI technology's untapped potential.

This guide explains how the Act ensures personal data protection through existing data laws and introduces new obligations aimed at safeguarding data in high-risk AI systems.

Learn about the vital role of Data Protection Officers (DPOs) in compliance, transparency, and risk management, aligning with GDPR principles.

Andersen’s VAT and Customs practice in Europe examined the Regulation on Deforestation-free products (EUDR). This European rule imposes both for imports and the internal market additional requirements on businesses involving deforestation and forest degradation, with severe fines for noncompliance.

Stakeholders are encouraged to start preparing early, and Andersen professionals are available to help with compliance activities.

DAC7 is a new EU regulation mandating digital platform operators to gather and disclose specific details about users selling goods or services in the EU, with penalties for non-compliance. The new DAC7 tax rules apply to digital platforms operating both inside and outside the EU since 1 January 2023.

We are happy to present the latest edition of the Andersen Corporate and M&A Service Line magazine, “M&A and PE in Europe: Q1 Results and Forecasts".

This magazine, "M&A and PE in Europe: Q1 Results and Forecasts”, is key to staying up to date on the current status and forecast of the M&A and Private Equity market in Europe. It offers valuable insights into Q1 results and the most active industries in each jurisdiction, as well as forecasts for the upcoming quarters, helping to stay well-informed and maintain your competitive edge with Andersen.

We trust that you'll find this magazine engaging, and our team remains at your complete disposal for any additional questions or clarifications that may arise.

We invite you to read in-depth employment information in our monthly Andersen Employment Insights newsletter. This newsletter provides an overview of the latest developments in employment law, guidelines, case law and collective agreements from various countries.

Focusing on the current landscape of litigation digitization in Europe. This edition offers a comprehensive overview of the progress and challenges across various jurisdictions, shedding light on the evolving nature of legal practices in the digital age. 

Highlighted in the newsletter is the significant diversity among European countries in the journey of litigation digitization, featuring insights from 15 European countries. 

This new Andersen Employment Insights newsletter provides in-depth employment information and comprehensive insights covering the latest developments in employment law, guidelines, case law, and collective agreements across 24 European countries. 

In this edition, we provide a detailed comparative overview of public holidays in December and January across various European countries. We explore both traditional and statutory holidays, including unique holiday traditions and exceptions. Our tables and analyses offer a clear perspective on how these holidays are observed differently across Europe, from store closures to variations in employee work obligations.

Moreover, we take a look at the earnings of those who bring joy to the holiday season – Santa Claus and his helpers respecting the minimum wages. Our exploration into this aspect of the holiday season sheds light on the varied range of the fees these modern-day holiday icons can earn and the priceless role they play in keeping the magic of the season alive. Under the heading "Did you know", each country also provides a brief insight into special features of labor law and curiosities in connection with Christmas.

The modern economy, based on an international network of producers and global sales of goods and services, increases the risk of harm to a large number of contractors, especially consumers. The COVID-19 pandemic has shown that administrative decisions can give rise to claims by a large number of businesses, such as gym operators. In many European countries, laws have come into force that allow class actions: on the one hand, we have a large number of plaintiffs, and on the other hand, the defendant, which can be another entrepreneur or a public authority. Below, we will describe the specific or general rules for class actions in various European jurisdictions.

Andersen European experts have curated this comprehensive guide outlining a wide range of tax credits, grants, and financial instruments available across 13 European Union member states, as well as accessible options in Albania, Switzerland, and the United Kingdom.

This guide contains key insights and information for companies seeking to invest in the European energy sector while prioritizing sustainability.

In response to global challenges such as climate change, natural disasters, and an energy crisis, governments are increasingly recognizing the crucial role of renewable energy and green innovation in their expansion and growth strategies. Recent developments have heightened the focus on environmental legislation and economic initiatives in major economies. This proactive approach has not only accelerated the transition to a greener future but has also ignited a competitive race for incentives in the United States and the European Union.

The importance of transfer pricing has grown significantly on a global scale over the years. It has become imperative for businesses to meticulously compile and uphold the essential data and information required to substantiate the arm's length nature of their transfer prices.

In light of the evolving landscape of transfer pricing documentation requirements, the Andersen European Transfer Pricing Team has developed a comprehensive guide. This publication offers valuable insights and guidance to assist companies in navigating the complex sphere of transfer pricing. It serves as a roadmap, providing an outline of the critical regulatory obligations and associated deadlines that MNEs must follow.

In this month's newsletter, our expert team provides a comprehensive overview of recent advancements in employment law, guidelines, case law, and collective agreements from more than 21 European countries. 

Last year, the European Commission introduced a draft Directive on Corporate Sustainability Due Diligence (CS3D), also known as the EU Supply Chain Act). Since then, significant progress has been made on the issue of conducting human rights and environmental due diligence processes, both within specific jurisdictions and at the European Union (EU) level. Several EU Member States have enacted or are in the process of enacting supply chain due diligence legislation.

When hiring managing directors who are legal representatives of a company, there are specific considerations and regulations that vary across European countries. The conditions of employment for managing directors differ from those applicable to employees, and they are shaped by both company law and labor regulations.

This guide focuses on the rules applicable mainly to limited liability companies (LLCs) in over 30 European countries. It does not discuss rules applicable to other types of companies, such as corporations, partnerships, etc. In the guide we describe the rules for the employment and/or appointment of managing directors who are also members of the company's bodies.

Depending on the given tax jurisdiction, if there is qualified ownership or control between enterprises belonging to a Muliti-National Enterprise (MNE), the arm's-length principle (ALP) kicks-in to determine proper transfer prices in cross-border intra-group transactions.