Dechert

2 Contributions by Dechert Experts

EU Taxonomy Regulation: scope, screening criteria, DNSH/minimum safeguards, disclosures and KPIs (SFDR/CSRD), 2021–2026 delegated acts and timelines, FAQs and tools, and implications for asset managers
PRACTICE NOTES
What does the EU Taxonomy Regulation do? The EU Taxonomy Regulation (Regulation (EU) 2020/852) appeared in the Official Journal of the EU on 22 June 2020 and took effect on 12 July 2020. It creates a classification framework across the EU, or ‘taxonomy’, designed to give businesses, investors, financial institutions, companies and issuers a shared vocabulary for judging the extent to which economic activities are environmentally sustainable. This shared language helps determine how far activities are environmentally sustainable, using terminology provided by the Regulation and understood by businesses, investors and issuers. As a transparency instrument, the Regulation’s overarching purpose is to inform decision-making and channel investment effectively towards economic activities fundamental to the transition to net zero. The EU Taxonomy Regulation also amends, and borrows definitions from, Regulation (EU) 2019/2088—the EU Sustainable Finance Disclosures Regulation (EU SFDR)—and is complemented by several delegated
EU Law
France: Challenging Domestic and International Arbitral Awards—Appeals, Annulment, Exequatur, Third-party Actions, Revision for Fraud and International Public Policy under the French Code of Civil Procedure
PRACTICE NOTES
Note: the French cases cited below are not all reported by LexisNexis®. French legal framework France has long had a reputation as an arbitration‑friendly venue, with narrowly tailored grounds for contesting arbitral awards; however, some observers discern in recent rulings a movement towards tighter judicial scrutiny of awards on matters of international public policy. The applicable rules sit in Decree No 2011–48 of 13 January 2011, which took effect on 1 May 2011, and are codified in Book IV of the French Code of Civil Procedure (CCP). Distinct regimes govern domestic and international awards. In practice, the two frameworks operate separately, reflecting the nature of the underlying dispute. Under this scheme, procedures and remedies are carefully tailored accordingly. Although both categories of award can be annulled on limited bases, only domestic awards are open to appeal. Additional avenues of challenge to awards exist subject to
Arbitration
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