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ARTICLE · 21 MAY 2025

Brussels Regulatory Brief: April 2025

K&L Gates
K&L Gates
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On 1 April 2024, both the European Commission (the Commission) and the UK Competition and Markets Authority (CMA) fined major car manufacturers and trade associations for participating in a 15-year long cartel concerning end-of-life vehicle recycling.

BelgiumAntitrust/Competition Law

Antitrust and Competition

European and UK Antitrust Enforcers Impose Fines Over End-of-Life Vehicles Recycling Cartel

On 1 April 2024, both the European Commission (the Commission) and the UK Competition and Markets Authority (CMA) fined major car manufacturers and trade associations for participating in a 15-year long cartel concerning end-of-life vehicle recycling. The Commission's and CMA's decisions highlight the authorities' interest in pursuing novel theories of harm that may have an adverse impact on the green transition.

Financial Affairs

EU Institutions Finalize Omnibus I; EFRAG adopts Work Plan to Simplify ESRS

The European Parliament and the Council of the European Union finalized the legislative procedure for Omnibus I, while the European Financial Reporting Advisory Group (EFRAG) adopted the work plan detailing next steps for European Sustainability Reporting Standards (ESRS) simplification.

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