- Europe
New EU Carbon Border Adjustment Mechanism
The EU ETS was created in 2005 for trading greenhouse gas emission allowances in the EU, authorizing the European Commission to set an upper limit on the total amount of greenhouse gas emissions by companies in the EU. To this end, companies can purchase “emission allowances” from EU Member States or trade them with other companies. However, the EU ETS also permits EU Member States to grant subsidies to companies in the form of free allowances. These no- to low-cost allowances weaken the incentive for companies to invest in greenhouse gas emission reductions and distort competition between companies that receive free allowances and those that do not. The EU therefore thinks that the number of free allowances must be gradually...To read the full article, please see the PDF file
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Europe Newsletter
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Authors
Currently based in Frankfurt, Yumiko has worked on various cross-border transactions and research projects for multinational corporations and governments. Her main practice areas are corporate/M&A, competition/antitrust, and litigation.
In addition to Tokyo, she studied and worked in various cities, including Washington, D.C., New York, London, Düsseldorf, and Frankfurt. Through such experiences, she has developed insights into various legal systems, business practices, and cultural differences, and also built a rich network with local business associations and local counsels. By leveraging such insights, she supports Japanese companies in expanding their business abroad and multinational companies in expanding their business into Japan.
Whereas her main practice area is corporate matters, she is actively engaged in various projects related to sustainability/ESGs. She completed related trainings such as FASID/Ministry of Foreign Affairs’ “International Aid Programme (certificate)” and Oxford’s Saïd Business School’s “Leading Sustainable Corporation Programme (certificate),” and has advised on various pro bono matters for international organizations and NGOs. She has insights into recent developments of legislations related to supply chain due diligence for human rights and the environment.
She has contributed to ESG practice area as well utilizing her experiences advising both public and private sectors
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Dominik serves as co-representative of our offices in Frankfurt and Düsseldorf, Germany. He advises Japanese companies on corporate and cross-border M&A matters, as well as European companies regarding their business expansion into Southeast Asia (notably Indonesia, Thailand and Vietnam). He has a wealth of international experience and brings unique insights into deal-making across different cultures in both emerging and mature markets. Before joining the Tokyo office of Nishimura & Asahi in November 2019, Dominik worked at Clifford Chance (based out of Düsseldorf, Germany, and New York) and as in-house counsel at Pfizer, Inc. (New York).