European Commission fines Mastercard €570 million for obstructing merchants’ access to cross-border card payment services

The European Commission has fined the card scheme Mastercard €570 566 000 for limiting the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the Single Market, in breach of EU antitrust rules. Commissioner Margrethe Vestager, in charge of competition policy, said: “European consumers use payment cards every day, when they buy … Continue reading European Commission fines Mastercard €570 million for obstructing merchants’ access to cross-border card payment services

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

The development by the Court of Justice of the European Union (CJEU) of the doctrine of supremacy

To gain a better understanding about the basic principles and mechanism of the Court of Justice of the European Union it is important to mention CJEU’s main role which is, ‘ensuring EU law is interpreted and applied the same in every EU country; ensuring countries and EU institutions abide by EU law.’[1] To put it broadly, … Continue reading The development by the Court of Justice of the European Union (CJEU) of the doctrine of supremacy