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LEGAL AFFAIRS

LATEST NEWS

Consumer rights: EU Council adopts position on measures to facilitate dispute resolution

The EU Council has today adopted its negotiating mandate on a package of measures to adapt the alternative dispute resolution (ADR) framework to the challenges of the digital world. Many consumers facing a disagreement with a company refuse to litigate due to the small sums involved, lengthy procedure times or a lack of confidence in the possibility of reaching a satisfactory solution. ADR mechanisms allow consumers to settle their disputes

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25/09/2024

Background on the EU Parliament: The Week Ahead 04 – 10 September 2023

MEPs in the Foreign Affairs Committee and Security and Defence Subcommittee will discuss the latest developments in the war in Ukraine, Western long-term support and the possibility of security guarantees for Kyiv as well as EU-NATO relations, with NATO Secretary-General Jens Stoltenberg. The Culture and Education Committee will vote on Parliament’s draft position on the European Media Freedom Act. The draft bill seeks to protect pluralism and the independence of

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01/09/2023

Finland’s efforts to influence the EU Weights and Dimensions Directive successful

On 11 July 2023, the European Commission published proposals for the Greening Freight Transport Package. The Package includes measures to improve the efficiency and sustainability of transport. As part of the Package, a proposal was submitted for amending the Weights and Dimensions Directive. The Directive states the maximum authorised dimensions and weights of road vehicles that may be used in freight transport.

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31/08/2023

Mergers: EU Commission clears acquisition of AIG’s treaty reinsurance business by RenRe

AIG ‘s treaty reinsurance business includes: (i) Validus Reinsurance, Ltd., a global reinsurance group focused on treaty reinsurance; (ii) AlphaCat Managers, Ltd., an investment adviser for a series of insurance-linked securities funds and vehicles, as well as providing reinsurance among other services; and (iii) Talbot Underwriting Ltd, a specialty reinsurance and insurance group. RenRe is a global provider of reinsurance and insurance, specialising in property, casualty and specialty reinsurance, as

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31/08/2023

Swiss Federal Council initiates consultation on strengthening the anti-money laundering framework

At its meeting on 30 August 2023, the Federal Council launched the consultation procedure on a bill to strengthen the anti-money laundering framework. The aim is to reinforce the integrity and competitiveness of Switzerland as a financial and business location with a federal register of beneficial owners, due diligence for particularly risky activities in legal professions, as well as other provisions. The measures are in line with international standards.

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30/08/2023

Ukraine: Switzerland implements new sanctions against Belarus

On 30 August, the Federal Council decided to adopt further sanctions against Belarus to bring Switzerland in line with the latest measures adopted by the European Union (EU) on 3 August. The changes will come into effect at 6pm on 30 August. More than 40 individuals and entities were added to the sanctions list on 15 August.

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30/08/2023
cyber security, information security, data privacy

Europol: Qakbot infrastructure shattered after international operation

Europol has supported the coordination of a large-scale international operation that has taken down the infrastructure of the Qakbot malware and led to the seizure of nearly EUR 8 million in cryptocurrencies. Qakbot, operated by a group of organised cybercriminals, targeted critical infrastructure and businesses across multiple countries, stealing financial data and login credentials. Cybercriminals used this persistent malware to commit ransomware, fraud, and other cyber-enabled crimes.

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30/08/2023

Finland: ECSR delivers decision on rights of persons with disabilities in COVID-19 response in spring 2020

In December 2020, a non-governmental organisation filed a complaint with the Committee that argued, among other things, that the Finnish Government had failed to adopt appropriate measures to protect the life and health of persons with disabilities during the pandemic. According to the complaint, the authorities also did not provide persons with disabilities with accessible information or guidance in accessible formats. In addition, the complaint considered that the prohibitions on

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29/08/2023

Finland: Government supports EU Commission proposal to promote more efficient use of rail capacity

The Government submitted a Union communication to Parliament on the European Commission’s Proposal for a Regulation on the use of railway infrastructure capacity in the single European railway area. The Government supports the objectives of the Commission proposal. On 11 July 2023, the European Commission issued a proposal for a Greening Freight Transport Package. The Package includes measures to improve the efficiency and sustainability of transport.

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25/08/2023

NextGenerationEU: Sweden submits request to modify recovery and resilience plan

Yesterday, Sweden submitted a request to the Commission to modify its recovery and resilience plan, to which it also wishes to add a REPowerEU chapter. The REPowerEU chapter covers measures related to the energy efficiency of buildings and the streamlining of authorisation processes for the construction of electricity grids. One new reform, as well as two existing measures which have been scaled up are included in the chapter to deliver

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25/08/2023

Mergers: EU Commission clears acquisition of Nutrinova JV by Mitsui and Celanese

Nutrinova JV, currently solely controlled by Celanese, is mainly active in the production and supply of the sweetener acesulfame potassium (‘Ace-K’) and the preservatives potassium sorbate and sorbic acid. Mitsui is a trading, business management and project development company active in sectors such as basic and performance chemicals and food resources. Celanese is a global producer of high-performance engineered polymers that are used in a variety of applications, as well

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24/08/2023

Mergers: EU Commission clears acquisition of SimCorp by Deutsche Börse

SimCorp provides software solutions for investment and data management, client communications and related services for asset managers and servicers, banks, insurance funds, pension funds and wealth managers. Deutsche Börse is an international exchange organization that, through its subsidiary Axioma, provides an investment management software.

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24/08/2023

Mergers: EU Commission clears the creation of two joint ventures by Benteler and BHAP

The newly created joint ventures will be active in the assembly and sale of chassis modules to automotive customers in China. Benteler, a subsidiary of Benteler International AG, supplies components and modules for automotive customers in the areas of chassis, body, engine and exhaust systems. BHAP, a subsidiary the BAIC Group, supplies automobile seats, interiors and exteriors, powertrain systems, chassis systems, body systems, electronics, and other components.

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24/08/2023

Czechia: EU Commission approves €800m to support companies facing increased energy costs 

The European Commission has approved an approximately €800 million (CZK 19 billion) Czech scheme to support companies affected by increased energy costs in the context of Russia’s war against Ukraine. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies.

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23/08/2023

Mergers: EU Commission clears creation of a joint venture by Samskip Holding, Duisburg Hafen and TX Logistik

The joint venture will operate the bi-modal rail/road terminal located in Krefeld-Uerdingen, Duisburg (‘Ziel Terminal’). Samskip is a global logistics company offering transport and related services by land, sea, rail and air. Duisport is the owner of the Ziel Terminal and it currently manages the port of Duisburg and other terminals located within a radius of 200 km of Ziel Terminal. TX Logistik is a rail logistics company operating in

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22/08/2023

Europol: 700kg of cocaine caught en route to the Canary Islands

Europol has supported the Spanish Civil Guard (Guardia Civil) in dismantling a criminal organisation smuggling large quantities of cocaine from South America to the EU via the Canary Islands. The operation also involved law enforcement authorities from Croatia, Italy and Serbia. The investigation identified a significant threat; criminal organisations’ increasing ability to collaborate closely and deploy members to different locations for longer periods to enable large-scale drug trafficking. The international

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22/08/2023

Mergers: EU Commission clears acquisition of Equity Inmuebles S.L by Coral Reef and MHI

Equity owns the real estate of a 17-hotel portfolio spread across the Spanish mainland and the Canary Islands. Coral Reef is an indirect wholly owned subsidiary of the Abu Dhabi Investment Authority, an independent investment institution, and is holding and administrating companies and financial instruments. MHI operates hotels in Asia, Europe, Middle East, Africa, South, Central and North America, and the Caribbean.

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21/08/2023
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