Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
In the fifteenth edition of Cultivate we focus on the growing field of Sustainable Agriculture.
Technological innovation continues to play a pivotal role in reshaping all parts of the food and agribusiness value chain – from the land we use for production, to the food processing methods and safety measures. In this issue of Cultivate we focus on how these new technologies are permitting us to increase food production in sustainable ways and what some of the emerging legal considerations are, including examining intellectual property protection challenges.
We explore a breakthrough development by a Dutch company which allows for production on saline lands previously thought to be too inhospitable to grow food, genomic innovation in livestock breeding in Australia and Canada leading to economic benefits in the billions of dollars and the use of artificial intelligence to detect diseases in crops.
One of the challenges of rapid deployment of technology in agriculture is legislators and the regulators are struggling to keep pace. On the regulatory side, we share a proposal from a Dutch academic for reforms of the EU common agricultural policy, recent guidance relating to the food safety regulations in the United States and lessons learned from the tobacco sector as Canada adopts a new regulatory regime for cannabis.
On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
On July 7, 2020, the Commission de Surveillance du Secteur Financier (CSSF) issued an FAQ document on Circular 02/77 concerning the protection of investors in case of NAV calculation errors and the correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment (the FAQ).