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TheCorporateCounsel

TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

DealLawyers

DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

CompensationStandards

CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

Section16.net

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

Last month, we wrote about multiple proposed delays for the EU’s Deforestation Regulation (EUDR). Now those delays, along with substantive changes to the EUDR, are taking shape. Both the EU Council and Parliament reached negotiating positions on the EUDR, meaning that trilouges can begin. A recent Linklaters memo discusses the substance of those positions, noting that both include the following amendments:

  • “The EUDR would apply from 30 December 2026 for medium and large operators, and from 30 June 2027 for micro and small operators.

  • Only operators first placing products on the market would be required to submit due diligence statements .

  • Only the first downstream operators would have to keep and pass on the reference number of the initial statement.

  • Micro and small primary operators only would submit a one-off simplified declaration, with no obligation to update it.

  • The definition of micro and small primary operators would be broadened, looking only at the relevant parts of balance sheet total, net turnover and average number of employees concerning EUDR activities.”

We can expect the trilouge process to move quickly because the current EUDR is set to come into effect at the end of December. To avoid confusion and compliance burdens, the amendments, including the one-year implementation delay, must be passed before December 30, 2025. However, this set of amendments may not be the end of simplification measures for the EUDR. Included in the package is a mandate to the European Commission to conduct a simplification review of the EUDR by April 30, 2026. This review will focus on the expected compliance burdens and recommendations for reducing them, particularly for small and micro companies.

Our members can learn more about the EUDR here.

Interested in a full membership with access to the complete range of benefits and resources? Sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then. Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information compiled without the use of AI.

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The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile