EU adjusts copyright rules to the digital age

The EU is amending its legal framework on copyright to make it fit-for-purpose in today's digital environment. The Council today adopted a directive that modernises existing EU copyright law to pave the way towards a true digital single market. The new rules ensure adequate protection for authors and artists, while opening up new possibilities for … Continue reading EU adjusts copyright rules to the digital age

Infringements: Commission adapts its calculation methodology for financial sanctions

Today, the Commission set out how it will adapt its calculation method when proposing financial sanctions to the Court of Justice of the EU in infringement proceedings. Enforcement of EU law by the Commission will continue to be vigorous, balanced and fair to all Member States. When the Commission refers a Member State to the … Continue reading Infringements: Commission adapts its calculation methodology for financial sanctions

EU company law adapted to the digital era

The EU has decided to revise its company law rules so that they remain fit for purpose in the digital age. The aim is to achieve greater efficiency, transparency and legal certainty through the use of digital tools. The Romanian presidency of the Council reached a provisional agreement with European Parliament's representatives on a draft directive that … Continue reading EU company law adapted to the digital era

Council and Parliament agree on new rules for contracts for the sales of goods and digital content

The EU is introducing new rules to make it easier and safer to buy and sell both goods and digital content cross-border. The Council and Parliament negotiators agreed today on a package comprising a directive on contracts for the supply of digital content and services (Digital content directive - DCD), and a directive on contracts … Continue reading Council and Parliament agree on new rules for contracts for the sales of goods and digital content

Auditors welcome greater protection for whistleblowers in the EU

A proposed system to protect persons reporting breaches of EU law – known as whistleblowers – could increase their legal rights in all Member States and give citizens a central role in ensuring EU rules are applied in the context of their work, according to a new Opinion from the European Court of Auditors. The … Continue reading Auditors welcome greater protection for whistleblowers in the EU

EU adopts tougher rules on money laundering

On Thursday 11 October, the Council adopted a new anti money laundering directive. This directive introduces new criminal law provisions which will disrupt and block access by criminals to financial resources, including those used for terrorist activities. The new rules include: establishing minimum rules on the definition of criminal offences and sanctions relating to money laundering. Money laundering … Continue reading EU adopts tougher rules on money laundering

The unfairness of an unclear contractual term which places the exchange rate risk on the borrower and does not reflect statutory provisions may be subject to judicial review

In February 2008 Ms Ilyés and Mr Kiss concluded with a Hungarian bank a credit contract for the provision of a loan denominated in Swiss francs (CHF). According to the contract, although the monthly repayment instalments were to be paid in Hungarian forints (HUF), the amount of those instalments was to be calculated on the … Continue reading The unfairness of an unclear contractual term which places the exchange rate risk on the borrower and does not reflect statutory provisions may be subject to judicial review