On the 26th February, the EU Commission announced its ‘Omnibus’ package, confirming the simplifications to the Carbon Border Adjustment Mechanism (CBAM). The proposal document and supporting ‘Commission Staff Working Document’ (SWD) were released the following day, outlining amendments to CBAM Regulation 2023/956. These changes are in response to discussions on the existing scope of the…
CHANGES TO THE LEGISLATION On 6 December 2024, the Prevention and Combating of Money Laundering (Amendment) (No. 2) Law of 2024 with number L.141(I)/2024 was published, introducing the below amendments: 1. The penalties for the omission or neglection of the filing / annual confirmation of the UBO Register will only be applicable to the legal…
Many argue that the European Union (EU) is shifting its environmental policy focus from biodiversity protection to prioritizing climate change mitigation. Considering the EU’s use of legal instruments, including the Renewable Energy Directive (RED III) and the Nature Restoration Law, efforts are underway to streamline the renewable energy transition, sometimes at the expense of environmental…
“Think due diligence guarantees a risk-free deal? Or that it is simply about crunching numbers? Think again – there is much more at stake.” Due diligence reduces risks by providing insights but does not guarantee a risk-free deal. It goes beyond numbers by analyzing trends, assessing the sustainability of revenue, understanding working capital needs and…