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The guidelines give EU businesses more certainty around what cloud service providers and cloud services consumers are responsible for when entering into contractual agreements.
Germany: Federal Cartel Office bans food retail giant EDEKA from squeezing suppliers, EDEKA goes to court
Attempts by German supermarket EDEKA to force suppliers to grant it ‘wedding rebates’ following its acquisition of Plus in 2009 were abusive and unlawful.
UK: ESMA paper on calculation of counterparty risk by UCITSs for OTC transactions subject to clearing obligations
On 22 July 2014, ESMA issued a discussion paper on counterparty risk calculation methods for UCITSs subject to central clearing.
On 31 July 2014, the Council of the European Union adopted Regulation (EU) No 833/2014, which implements Council Decision 2014/512/CFSP of 31 July 2014.
The European Commission has provided a further response to a request to clarify the definition of ‘financial instruments’ under Directive 2004/39/EC on MiFID.
At the end of July, the US and the EU escalated their respective sanctions regimes against Russia following the Kremlin’s intervention in the Crimea/Ukraine crisis.
The Proton case was first brought to the attention of the Commercial Court in February 2013, when an application for summary judgment was sought by the claimant, Proton.
Emirates Trading Agency agreed to buy iron ore from Prime Mineral Exports but failed to collect all the order.
The Level 2 process for MiFID 2 and MiFIR (together MiFID II), which are expected to come into force by the beginning of 2017, is under way.
It is 10 years since the EU Directive 261/2004 was implemented in the UK. The directive was aimed at giving aviation passengers further rights of compensation.
The Council of the European Union has concluded on the new designation criteria for sanctions on natural and legal persons concerning the situation in Ukraine.
Ireland is set to reform several key provisions that govern its merger control regime after the Competition and Consumer Protection Bill 2014 was signed by the president.
EU member states are being encouraged to improve protection for small food producers and retailers against the unfair practices of their sometimes much larger trading partners.
The European Commission has produced a white paper setting out proposals to improve and extend European Union merger control.
The EU Commission has imposed a fine of €20m on Marine Harvest for failing to notify the commission of its acquisition of de facto sole control over Morpol ASA.
MiFID 2 is likely to have significant consequences in Switzerland, in particular among Swiss banks, securities dealers and independent asset managers.
An unqualified consumer relations officer can only be employed until the 31 July 2014 at the latest.
Following the downing of MH17, the EU has bolstered its stance against Russia and has increased sanctions on the state. However, tougher sanctions are being called for.
The EU Consumer Rights Directive required businesses across the EU to comply with its requirements from 13 June 2014.
International retail businesses that have businesses or subsidiaries with banking facilities in Italy should be aware of recent tax changes within the country.