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The Groceries Code Adjudicator was set up to ensure that large retailers with a turnover of more than £1bn comply with the Groceries Supply Code of Practice.
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.
On 6 August, the Union Cabinet of India approved 100 per cent foreign direct investment in railway infrastructure.
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.
Employment law update — amendments to the Basic Conditions of Employment Act; increase in earning threshold; and more
Eversheds has released the August 2014 issue of its Employment law update.
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.
Just more than four years ago, the government announced that the CPI would be used in place of the RPI for determining pension increases in the public sector.
Transport legal update: Griffon Shipping LLC v Firodi Shipping Ltd (The Griffon)  EWHC 593 (Comm)
In Griffon Shipping LLC v Firodi Shipping Ltd (The Griffon), Teare J considered where a buyer fails to pay the deposit under a memorandum of agreement.
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.
The Public Accounts Committee (PAC) has issued a report criticising the treatment of whistleblowers and the perceived failure by the UK government to introduce effective law.
Emirates Trading Agency agreed to buy iron ore from Prime Mineral Exports but failed to collect all the order.
The Moroccan Agency for Solar Energy has extended the application deadline for the second phase of its 500MW NOOR CSP to mid-September 2014.
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 FCA has published a document setting out a number of considerations for firms who are thinking of using third-party technology or off-the-shelf banking solutions.
This briefing considers whether there may be a risk that the decisions of port authorities could be challenged by judicial review proceedings.
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.
This briefing sets out the three key areas that are likely to affect the financial services sector to the greatest extent.