Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
United Kingdom | Publication | February 2022
The EU has set a binding target of achieving climate neutrality by 2050. This requires current greenhouse gas emission levels to drop substantially over the next decades. As an intermediate step towards climate neutrality, the EU has raised its 2030 climate ambition, committing to cutting emissions by at least 55% by 2030.
The Fit for 55 package is a set of proposals to revise and update EU legislation and implement new initiatives with the aim of ensuring that EU policies are in line with the climate goals agreed by the Council and the European Parliament.
The EU is working on the revision of its climate, energy and transport–related policies in order to align current laws with the 2030 and 2050 ambitions. The package is intended to provide a coherent framework for reaching the EU's climate objectives, which:
The Fit for 55 package proposals are initially presented and discussed at a technical level within the relevant policy specific Council working party in advance of going before the EU Member States’ ambassadors.
The Fit for 55 package was submitted to the Council in July 2021 and discussions are currently being held to prepare the ground for an agreement on the proposals among the 27 EU Member States.
25/11/2021 – Internal market and industry ministers take stock of Fit for 55 package |
02/12/2021 – Energy Council takes stock of progress on Fit for 55 energy proposals |
07/12/2021 – Progress on Fit for 55 from an economic perspective |
09/12/2021 – Fit for 55: EU ministers discuss transport proposals |
20/12/2021 – Environment ministers take stock of progress on the Fit for 55 package |
In separate articles, we consider the impact of Fit for 55 on the Built Environment and new consultations to raise energy efficiency standards in buildings in England and Wales.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023