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The EU Consumer Rights Directive required businesses across the EU to comply with its requirements from 13 June 2014.
Measures to improve the business climate in Benin have been taken, which relate to business creation, licensing, cross-border trade, enforcement of contracts and more.
The European Commission has responded to a request from ESMA to clarify the definition of ‘financial instruments’ under Directive 2004/39/EC.
The implementation of the directive will have a significant effect in modernising consumer law, much of which was written around 30 years ago.
James Batham, partner and head of the retail sector at Eversheds, looks at what happened in 2013 and what the outlook is for the year ahead.