European Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel

In two settlement decisions, the European Commission has fined five banks for taking part in two cartels in the Spot Foreign Exchange market for 11 currencies - Euro, British Pound, Japanese Yen, Swiss Franc, US, Canadian, New Zealand and Australian Dollars, and Danish, Swedish and Norwegian crowns. The first decision (so-called “Forex - Three Way Banana Split” … Continue reading European Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartel

Antitrust: European Commission fines AB InBev €200 million for restricting cross-border sales of beer

The European Commission has fined AB InBev €200 409 000 for breaching EU antitrust rules. AB InBev, the world's biggest beer company, has abused its dominant position on the Belgian beer market by hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium. Margrethe Vestager, Commissioner in charge of competition policy, said: "Consumers in Belgium have been paying more … Continue reading Antitrust: European Commission fines AB InBev €200 million for restricting cross-border sales of beer

Digital Single Market: Cheaper calls to other EU countries as of 15 May

As of 15 May, a new maximum price will apply for all international calls and SMS within the EU. As a result, consumers calling from their country to another EU country will pay a maximum amount of 19 cents per minute (+VAT) and 6 cents per SMS message (+VAT). Following the end of roaming charges … Continue reading Digital Single Market: Cheaper calls to other EU countries as of 15 May

How the right information at the right time can help homebuyers dodge common property pitfalls

Key guidance on buying and selling properties unveiled by the government was yesterday endorsed by the Law Society of England and Wales, as it called for greater transparency in the conveyancing process. “Consumers need to know more about the process for home buying and selling, including and understanding the information they should be looking for,” … Continue reading How the right information at the right time can help homebuyers dodge common property pitfalls

EIB lends up to EUR 110m to Dräger for medical technology development

Fresh funds will support Dräger´s R&D investment programme EIB financing provided under Investment Plan for Europe, or Juncker Plan The European Investment Bank (EIB) will lend up to EUR 110 million to Dräger, a global leader in the fields of medical and safety technology. Dräger will use the fresh financing to fund R&D projects in … Continue reading EIB lends up to EUR 110m to Dräger for medical technology development

Extend right to manage to all leaseholders, says Law Society

Moves to make it easier for leaseholders to take control of their freeholds through Right to Manage have been broadly welcomed by the Law Society of England and Wales, in response to the Law Commission consultation today. The government asked the Law Commission to review right to manage ('RTM') legislation to make it simpler, quicker and more accessible for … Continue reading Extend right to manage to all leaseholders, says Law Society

Left-behind communities out in the cold without publicly funded housing legal advice

More than half local authorities in England and Wales have no publicly funded legal advice for housing, the Law Society said as it published analysis revealing catastrophic ‘legal aid deserts’ across the country. A new interactive map shows the vanishing number of providers in each local authority area - 184 have no such service and … Continue reading Left-behind communities out in the cold without publicly funded housing legal advice