The Court of Justice upholds the fines imposed by the Commission on companies for their participation in cartels in the international air freight

By decision of 28 March 2012, the Commission imposed fines amounting in total to €169 million on a number of companies by reason of their participation, in periods between 2002 and 2007, in various agreements and concerted practices on the market for international air freight forwarding services. Those services included the organisation of transportation of … Continue reading The Court of Justice upholds the fines imposed by the Commission on companies for their participation in cartels in the international air freight

Antitrust: Commission fines Qualcomm €997 million for abuse of dominant market position

The European Commission has fined Qualcomm €997m for abusing its market dominance in LTE baseband chipsets. Qualcomm prevented rivals from competing in the market by making significant payments to a key customer on condition it would not buy from rivals. This is illegal under EU antitrust rules. Commissioner Margrethe Vestager, in charge of competition policy, said: … Continue reading Antitrust: Commission fines Qualcomm €997 million for abuse of dominant market position

Taxation: Eight jurisdictions removed from EU list

Eight jurisdictions have been removed from the EU's list of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns. Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates are moved to a separate category of jurisdictions subject to close monitoring. On 23 January 2018, the … Continue reading Taxation: Eight jurisdictions removed from EU list

Summary judgement on fraudulent invoices case: Sweden

The Court of Appeal in Stockholm, Sweden, handed down its judgement on 20 December 2017 following the trial against twenty persons charged with fraud in view of their involvement, from 2011 to 2014, in the sending out of fake invoices, which appeared to have been sent out by OHIM (now EUIPO). The invoices were addressed … Continue reading Summary judgement on fraudulent invoices case: Sweden

Countering illegal hate speech online

The third evaluation of the Code of Conduct on countering illegal online hate speech carried out by NGOs and public bodies released today shows that IT companies removed on average 70% of illegal hate speech notified to them. What is the aim of this Code of Conduct? Each of the IT companies (Facebook, YouTube, Twitter, … Continue reading Countering illegal hate speech online

Innovative Securities: Higher Risks May Come in 2018

We are living in the decade of bullish markets. Because of record returns (and low interest rates) retail money floods the market. What could next year hold for the investors after all this? Innovative Securities' prognosis tries to answer. In 2017, the already expensive stocks (and other instruments) became even more expensive, reminds Innovative Securities, … Continue reading Innovative Securities: Higher Risks May Come in 2018

Single Market: trading safe products across Europe

Question & Answers on the Commission proposals What is the Commission proposing and why? The free movement of goods is one of the building blocks of the EU Single Market. It means that companies can sell their products in any EU country without additional barriers. This creates new opportunities for businesses, but also gives consumers a wider … Continue reading Single Market: trading safe products across Europe