The European Commission has published a public consultation looking at potentially amending the EU Blocking Statute Regulation. The aim of the Blocking Statute is to protect EU individuals and companies from having to comply with the extra-territorial application of third-country laws and measures – please find the consultation page here. Given that this year there have been a slew of Chinese laws regulations that could potentially have extraterritorial application, the Commission would be interested in learning more about how European companies see the potential impact of these regulations in their third-country operations. In particular, they would want to get the industry view on the following laws and regulations:
- Data Security Law
- Personal Information Protection Law
- Export Control Law
- Anti-Foreign Sanctions Law
- MOFCOM Rules on Extraterritorial Application of Foreign Laws
In this online briefing session, we would give a short overview of the Blocking Statute and members could provide feedback on how they see the extraterritorial application of these laws affecting foreign companies’ operations in third countries. The meeting will be interactive, and members will be expected to provide feedback on the potential extraterritorial impact of the above-mentioned laws and regulations on European businesses.