On 1 March 2013, new regulations on the compensation due to employee on account of business travel entered into force, replacing two separate regulations which had applied so far to domestic and abroad business trips, respectively.
The directive on criminal sanctions is currently expected to apply to all Member States, with the exception of the UK and Denmark.
On 4 February 2013, the Antwerp Court of Appeal partially upheld the judgment of the Court of First Instance of Mechelen holding that simulcasting does not amount to new cable distribution within the meaning of the Law on copyright and related rights of 30 June 1994 (the "Copyright Law").
A profound change to the institutional and procedural landscape for competition law in Belgium has taken place with the enactment of new competition law provisions in the Belgian Code of Economic Law.
The Courts of Justice Law 1960 gives the courts in Cyprus discretion to issue a wide variety of provisional measures.
Following the bailout package agreed between the so-called troika of the EU, European Central Bank and IMF on one hand and the Cyprus government on the other, the two largest banks in Cyprus will be merged and considerably downsized.
The Court of Justice of the European Union has recently handed down its judgment on challenges brought by Italy and Spain against an EU Council decision of 10 March 2011 to authorise enhanced cooperation on the EU patent.
On 21 March 2013, Advocate General Kokott gave her opinion on a question sent to the Court of Justice of the European Union for a preliminary ruling on the "due cause" which may shield a third party from the accusation of illegitimate use of a reputable trade mark.
On 27 March 2013, the European Commission opened a consultation on proposed revisions to its Notice on Simplified Procedure and Merger Implementing Regulation.
A list of summaries of the most recent competition law related updates.
The European Union’s draft data protection regulation contains new and controversial extra-territorial provisions extending the Regulation’s reach to some companies based outside the European Union.
At the end of November 2012, the Parliament approved a new Act on the Payment Terms of Commercial Agreements (laki kaupallisten sopimusten maksuehdoista) that will enact the Late Payment Directive issued on 16 February 2011 on a national level.
The German Parliament adopted new regulatory requirements for algorithmic and high frequency trading.
A vote on the draft Data Protection Regulation has been delayed again.
On 15 May 2013, the regulator of the funds industry in Ireland, the Central Bank of Ireland, announced that it is now accepting applications under the Alternative Investment Fund Managers Directive.
John Menton outlines the Republic of Ireland’s export control regime.
The Irish Stock Exchange is a leading global exchange for the listing of a range of debt securities.
The Court of Appeal in England has upheld a High Court award of more than €50 million in bonuses to a group of 104 bankers.
In response to the shift from a principles to a rules-based regulatory approach and the increased use of enforcement actions by Irish regulators and similar bodies, we have developed a dynamic cross-disciplinary Regulatory and Administrative Sanctions Unit, made up of specialists operating in our financial services, litigation and regulatory and compliance teams.
A new Trade Marks Act 2013 is expected to take effect shortly.