New leasehold information rules a big victory for consumers

The endorsement by ministers of proposals to give consumers significantly more information early in the home buying process was today given a partial welcome by the Law Society of England and Wales. “It is encouraging to see government has recognised just how much easier it will be for consumers to make informed decisions if full … Continue reading New leasehold information rules a big victory for consumers

Digital Single Market – European Commission publishes guidance on free flow of non-personal data

Today, the European Commission published a new guidance on the interaction of free flow of non-personal data with the EU data protection rules. As part of the Digital Single Market strategy, the new Regulation on the free flow of non-personal data, which has started to apply in the Member states, will allow data to be stored and … Continue reading Digital Single Market – European Commission publishes guidance on free flow of non-personal data

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