M&A Weekly Update: consumer contract regulations — in force 13 June 2014; and more
New consumer regulations come into force on 13 June, implementing an EU directive intended to harmonise consumer protection across member states. The regulations apply to on-premises, off-premises and distance contracts (including those concluded by electronic means). Broadly, the regulations: require traders to provide specified information to consumers before, and after, an agreement is entered into, and failure to do so may, in certain circumstances, be a criminal offence; give consumers the right to cancel when buying off premises or at a distance; and deal with delivery and risk.
Businesses dealing with consumers should already have reviewed their processes and procedures to ensure compliance with the enhanced protections for consumers. While many of the provisions were already required by existing legislation, there are a few material changes. For example, those concluding off-premises contracts must provide a new model cancellation form to the consumer, whose right to cancel is extended from seven to 14 days…
Click on the link below to read the rest of the Macfarlanes briefing.
News from The Lawyer
Briefings from Macfarlanes
M&A Weekly Update: forced sale of shares does not qualify as ‘an offer to the public’ requiring publication of prospectus; and more
Macfarlanes has released its M&A Weekly Update for the period 27 June to 3 July 2014.
Investment Management Update — 4 July 2014: FCA Handbook Notice 13; ESMA updates Q&As on AIFMD; and more
Macfarlanes has released the 4 July 2014 issue of its Investment Management Update.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.