A national law cannot invalidate, by a retroactive, general and automatic rule, credit agreements concluded with foreign lenders

In 2007, Ms Anica Milivojević, a Croatian national, concluded with Raiffeisenbank, which has its registered office in Austria, a non-renewable credit agreement in the sum of €47 000 in order to have renovation work carried out in her home, more particularly to create apartments in it for letting. The loan was taken out using an … Continue reading A national law cannot invalidate, by a retroactive, general and automatic rule, credit agreements concluded with foreign lenders

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

Commission welcomes WTO ruling confirming lawfulness of core principles of the EU third energy package

In a ruling published on Friday, the World Trade Organisation rejected most of Russia's claims concerning the alleged incompatibility of the EU's energy policy measures with the multilateral trade rules. The WTO panel did not find basis to the claim concerning the alleged EU discrimination in its "Third Energy Package" against Russian pipeline transport services, … Continue reading Commission welcomes WTO ruling confirming lawfulness of core principles of the EU third energy package