Antitrust: Commission invites comments on Transgaz commitments concerning natural gas exports from Romania

The European Commission invites comments on commitments submitted by Transgaz to address competition concerns regarding the free flow of natural gas from Romania. The commitments would aim to enable natural gas exports from Romania to other Member States, in particular Hungary and Bulgaria. Commissioner Margrethe Vestager, in charge of competition policy, said: "Natural gas consumers across … Continue reading Antitrust: Commission invites comments on Transgaz commitments concerning natural gas exports from Romania

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

The General Court of the EU upholds restrictive measures adopted by the Council against a number of Russian banks and oil and gas companies in connection with the crisis in Ukraine

Since 31 July 2014, the Council has, in response to Russia’s actions to destabilise the situation in Ukraine, adopted restrictive measures against a number of Russian banks and undertakings which specialise in the oil and gas sector. Those measures impose restrictions on certain financial transactions and on the export of certain sensitive goods and technologies, … Continue reading The General Court of the EU upholds restrictive measures adopted by the Council against a number of Russian banks and oil and gas companies in connection with the crisis in Ukraine

Stronger anti-money laundering supervision for a stable banking and financial sector – Questions and Answers

The Commission proposed today to further strengthen the supervision of EU financial institutions to better address money-laundering and terrorist financing threats. While the EU has strong anti-money laundering rules in place, recent cases involving money laundering in some EU banks have raised concerns that those rules are not always supervised and enforced effectively across the … Continue reading Stronger anti-money laundering supervision for a stable banking and financial sector – Questions and Answers

Shake up of legal services not backed by evidence

Widespread concerns about deregulation of the solicitor profession must be taken into account and new rules rejected by the oversight regulator, the Law Society of England and Wales said today as the Legal Services Board (LSB) considers proposals to create different tiers of solicitors and reduce consumer protections. Law Society president Christina Blacklaws said: "The … Continue reading Shake up of legal services not backed by evidence

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

The posting on a website of a photograph that was freely accessible on another website with the consent of the author requires a new authorisation by that author

By posting on the internet, the photograph is made available to a new public. Mr Dirk Renckhoff, a photographer, authorised the operators of a travel website to publish one of his photographs on their website. A pupil at a secondary school in Land North Rhein-Westphalia in Germany (Gesamtshcule de Waltrop) downloaded that photograph from the … Continue reading The posting on a website of a photograph that was freely accessible on another website with the consent of the author requires a new authorisation by that author