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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.
Bruce Dear, head of London real estate at Eversheds, has commented on the 2.9 per cent fall in property prices from July to August.
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.
Parmjit Singh, head of the food and drink group at Eversheds, has commented on Coca-Cola’s investment in Monster Beverage Corp.
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.
Attorneys-at-law Dainius Cicelis and Tomas Jakubauskas of Eversheds Saladžius have become arbitrators of the Lithuanian Court of Arbitration.
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.
David Savage, sanctions expert at Eversheds, has commented on new foodstuff sanctions imposed on 7 August by Russia on EU/US companies.
Hyacinthe Fansi from SCP Ngassam NJIKE & Associates, an EALI member located in Cameroon, is co-author of the new Ohada Blue Code, third edition.
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.