The EU Court of Justice confirms that the Commission’s decision prohibiting the acquisition of TNT Express by UPS must be annulled due to procedural irregularity

Judgement in Case C-265/17 P Commission v United Parcel Service By decision of 30 January 2013, the Commission prohibited the acquisition by UPS of TNT Express on the ground that in 15 Member States that operation would have led to a significant impediment to effective competition on the market for the international express delivery of … Continue reading The EU Court of Justice confirms that the Commission’s decision prohibiting the acquisition of TNT Express by UPS must be annulled due to procedural irregularity

European Central Bank must allow full scrutiny of banking supervision

The European Court of Auditors has called on the Union’s legislators to intervene and ensure the European Central Bank allows full access to documents for audits related to banking supervision. In a letter to the European Parliament, the auditors express concern that the ECB’s current position regarding access to documents and information prevents them from … Continue reading European Central Bank must allow full scrutiny of banking supervision

New EU rules to eliminate the main loopholes used in corporate tax avoidance come into force on 1 January

The Commission welcomes the entry into force of new rules to eliminate the most common corporate tax avoidance practices. As of 1 January 2019, all Member States shall apply new legally binding anti-abuse measures that target the main forms of tax avoidance practiced by large multinationals. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and … Continue reading New EU rules to eliminate the main loopholes used in corporate tax avoidance come into force on 1 January

Auditors publish report on SRB’s, Commission’s and Council’s contingent liabilities

The Single Resolution Board (SRB) and the European Commission should continuously assess their financial risks and accounting thereof, arising from contingent liabilities related to bank-resolution lawsuits as from their 2018 accounts, according to a new report by the European Court of Auditors. The auditors reviewed the possible obligations of the SRB, Commission and Council arising … Continue reading Auditors publish report on SRB’s, Commission’s and Council’s contingent liabilities

Realism and justice needed to shape future immigration system

The rule of law depends on an immigration system that is fair and fit for purpose, the Law Society of England and Wales said, following publication of the government’s Immigration White Paper. “Britain’s future immigration system must be as fair, robust and transparent as it is streamlined,” Law Society president Christina Blacklaws said. “The root … Continue reading Realism and justice needed to shape future immigration system

Employment law overhaul takes account of gig economy

Employment law is getting a much-needed overhaul to protect the rights of people working in the gig economy, the Law Society of England and Wales said in response to new legislation announced today. Law Society president Christina Blacklaws said: “We called for laws that would prevent workers from being underpaid, overworked or mistreated - measures … Continue reading Employment law overhaul takes account of gig economy

Antitrust: European Commission fines Guess €40 million for anti-competitive agreements to block cross-border sales

The European Commission today fined the clothing company Guess €39 821 000 for restricting retailers from online advertising and selling cross-border to consumers in other Member States ("geo-blocking"), in breach of EU competition rules. Commissioner Margrethe Vestager, in charge of competition policy, said: "Guess' distribution agreements tried to prevent EU consumers from shopping in other Member States … Continue reading Antitrust: European Commission fines Guess €40 million for anti-competitive agreements to block cross-border sales