On 24 January 2017, the European Parliament’s Committee on International Trade approved the the Conflict Minerals Regulation. This paves the way for the text to be formally adopted by the EU institutions in the coming months.
Eturas runs the e-commerce back-end of 30 travel agents in Lithuania. An administrator message to each member informed them that the e-commerce functionality allowing each travel agent to grant discounts would be capped at 3 per cent. That message appeared in part of the system relating to information messages. The Court of Justice found that administrator messages could be the basis of illegal cartel type conduct.
The European Commission has proposed a new Regulation on Privacy and Electronic Communications that is intended to supplement the General Data Protection Regulation.
Transparency International has launched its latest 2016 Corruption Perception Index. China’s ranking continues to improve, moving up by four places from last year’s rank of 83 to a rank this year of 79. Find out more about the other highlights.
Once in force, Part 8 of the Bill will introduce a number of important changes to the UK financial sanctions enforcement landscape.
In its decision of 26 September 2016, the Supreme Court of Switzerland resolved a long-outstanding issue of Swiss tax law: the deductibility of punitive fines by companies for corporate tax purposes.
The Belgian Competition Authority has adopted competition law guidelines for small and medium-sized enterprises.
On January 11, 2017, the US and Swiss authorities announced their agreement on a new cross-border data transfer framework, the Swiss-US Privacy Shield Framework, to allow US companies to meet the requirements for transfers of personal data from Switzerland to the US.
The UK Department for Business, Energy & Industrial Strategy has published a new updated set of draft regulations requiring large UK companies to publicly report how quickly they pay their suppliers.
An attorneys’ data privacy initiative brought an action against the Adequacy Decision in the CJEU claiming that the Adequacy Decision of the European Commission is null and void.