New EU-wide rules on selling to consumers will apply from no later than 13 June 2014
New rules will apply to most businesses selling to consumers in the EU, including to those selling online from outside the EU, from no later than 13 June 2014.
What has changed? Among other things, for online and other distance sales: the minimum cooling-off period will be 14 days (currently seven in the UK); there are changes to information that must be given to consumers prior to purchase, especially for online sales; refunds must be given within 14 days (rather than 30); and consumers must be provided with standard cancellation forms.
What does this mean for you? If you sell to consumers in the EU, whether or not you have an EU presence, you will (unless you come within limited exceptions) need to review and probably change: your sales path; the information you give to consumers prior to sale; your sale confirmation process; cancellation, returns and refund policies; and the terms and conditions of sale…
Click on the link below to read the rest of the Taylor Wessing briefing.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
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.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world