For over 50 years, members of the European Union have worked to create a single, harmonized pan-European internal market. However a seeming paradox has arisen: The more "harmonizing” legislation is passed at EU level, the more important divergent nationals laws become. This rise of national law, combined with the devolution of activity from EU to national regulators, has serious “real world” compliance ramifications for companies doing business in Europe. This presentation provided practical help and tips for non-EU in-house counsel who must deal with a European regulatory environment significantly less harmonized than anticipated.
Region:
European Union
Interest Area:
Compliance and Ethics,
Commercial and Contracts