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🚗 No, it's not interesting conversation at cocktail parties -- but the recent overturning of the Chevron Doctrine could signal a major shift in regulatory policies, particularly impacting the automotive industry. 🚗 Curious about how this landmark change could affect the future of automotive regulations? Dive into our in-depth analysis on The Open Road, Dykema's Automotive Law blog, to stay ahead of the curve and understand the potential implications for the industry. Contributors include Dykema appellate leaders James Azadian and Chantel Febus, Dykema's auto industry risk and regulatory compliance attorney JAY LOGEL, the head of Dykema's environmental law team Grant Gilezan and me, Laura Baucus. https://lnkd.in/ecUjKA69 #TeamDykema #AutomotiveLaw #AutomotiveIndustry

It has been a privilege for Sardelas Petsa Law Firm to participate again this year as Golden Sponsor to the Economist 27th Annual Government Roundtable. Mr Panagiotis (Notis) Sardelas, Managing Partner of Sardelas Petsa Law Firm, participated at the roundtable discussion on Wednesday the 25th October sharing his thoughts on the green transition and the RES penetration in the energy mixture, as well as indicating the challenges in the progress towards 2050 goal. As Mr Sardelas mentioned, according to the latest data from the IPTO (ADMIE), the total installed RES capacity in operation plus the projects that have received Binding Grid Connection Offers amounts to approximately 26 GW. This leads to the early achievement of the National Energy and Climate Plan (ESSEK) 2030 goals, i.e. 15 GW and 22 – 24 GW as probably to be revised in the context of the ESSEK expected revision, and constitutes a positive development. Nevertheless, it brings up to the surface several considerable challenges, since within the upcoming 6-year period, approximately 13.5 GW projects must be financed, constructed and commissioned. According to Mr. Sardellas, a key challenge to achieving the goals is securing capital and financing, given the large increase in interest rates, as well as the inflationary environment. On the basis of past experience, it is estimated that bank financing of around 7.5 billion euros will be required to this end. On the way to the 2050 ultimate target, Mr Sardelas pointed out the necessity to ensure immediate, sincere and significant investments in order to develop, expand and increase the available capacity of the System and the Network. Since, apart from a pipeline of approximately 13.5 GW already granted Binding Grid Connection Offers, there is still a significant pipeline of projects at the door waiting to enter the Grid. In relation to the optimum utilization of the available Grid capacity, it is important to accelerate the publication of the available margins for the saturated networks. In addition, Mr Sardelas admitted that the August 2022 Ministerial Decision setting the priorities criteria for granting grid connection offers has been in the right direction. However, the progress must speed up, as such delays may prove problematic for the investors and the market players and cause disruption, especially if it could lead to a substantial re-arrangement of the assessment priorities/criteria (by way of example by promoting the application of storage/batteries behind the meter). Watch Notis Sardelas’ full speech at the Economist 27th Annual Government Roundtable at https://lnkd.in/dHaDqc9X  See press release: https://lnkd.in/dtZb988A #economist #greentransition #RES #storage #greeneconomy #sustainability

German authorities are yet to bring an enforcement action over the country's tough supply chain due diligence law. Germany passed the Act on Corporate Due Diligence Obligations in Supply Chains in 2021 and it came into force for businesses with over 3,000 staff in January 2023. Since the start of 2024, the law has also applied to companies with over 1,000 employees – putting some 5,200 organisations within the law's scope. https://ow.ly/4R4u50S2BeN

🎁 Christmas Gift! Join us in reading the December edition of the joint Berylls and Synthetic Law regulatory newsletter highly relevant for the EU #automotive & #mobility industry! Santa arrives with new regulations, we know what's in his bag! Stay tuned for more ! #AutomotiveIndustry #RegulatoryInsights #Newsletter #Berylls #SyntheticLaw #Innovation #MobilitySector

"... The European Union’s controversial and intensely debated Corporate Sustainability Due Diligence Directive (commonly referred to as the CS3D)[1] received final approval by the EU Parliament on April 24, putting an end to the legislative process before the European Parliament.[2] Once the directive is implemented into national law by the EU Member States, in-scope companies will be obligated to address the negative impacts of their operations on human rights and the environment. ..." https://lnkd.in/d-WSbXgg #CS3D #CSRD #eu #law #eulaw #sustainbility #duediligence #humanrights

How do you think this new #supplychain audit #law will affect the worldwide supply chains?

Secure Deals with Confidence: Expert Contract Drafting & Review by Carbon Law Group. Get a quote today & make smart deals! Link in bio! #businesslaw #contracts #legalexpertise

German authorities are yet to bring an enforcement action over the country's tough supply chain due diligence law. Germany passed the Act on Corporate Due Diligence Obligations in Supply Chains in 2021 and it came into force for businesses with over 3,000 staff in January 2023. Since the start of 2024, the law has also applied to companies with over 1,000 employees – putting some 5,200 organisations within the law's scope. https://ow.ly/21Ay50S4rai

𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐒𝐋𝐋𝐂 𝐋𝐚𝐰 “𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐲” Legislative Approval On the 6th of October 2022, the House of Representatives formally adopted the "Law on the Shipping Limited Liability Company of 2022" (referred to as the "SLLC Law"). II. Purpose and Objectives A. Objective of the SLLC Law The SLLC Law aims to create the "Shipping Limited Liability Company (SLLC)," establishing it as a limited liability company solely dedicated to owning and operating Cypriot ships, providing a comprehensive framework for ship-owning entities. B. Inspiration and Legal Basis Inspired by the fundamental provisions of the Companies Law, Cap 113, the SLLC Law enhances flexibility and attractiveness by simplifying procedures, fostering competitiveness in international shipping under the Cyprus flag. III. Regulatory Oversight A. Distinct Entity under Cyprus Shipping Deputy Ministry Unlike traditional limited liability companies, the SLLC operates under the supervision of the Cyprus Shipping Deputy Ministry, not the Registrar of Cyprus Companies. IV. Key Differences between SLLC Law and Companies Law A. Secretary Requirement - The secretary of the SLLC must be a lawyer. B. Capital Adjustment - Reduction of shared capital in the SLLC can be accomplished without obtaining a court order, in contrast to the requirements for limited liability companies. C. Memorandum Amendment - Amendment of the memorandum of the SLLC does not require a court order, unlike the requirements for limited liability companies. It can only be amended to reflect the increase or reduction of the SLLC's share capital.

German authorities are yet to bring an enforcement action over the country's tough supply chain due diligence law. Germany passed the Act on Corporate Due Diligence Obligations in Supply Chains in 2021 and it came into force for businesses with over 3,000 staff in January 2023. Since the start of 2024, the law has also applied to companies with over 1,000 employees – putting some 5,200 organisations within the law's scope. https://ow.ly/aOBm50S3YUB