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14/06/2023
Cost-cut­ting and re­struc­tur­ing in times of crisis
A tough glob­al eco­nom­ic out­look is driv­ing many em­ploy­ers to re­view their op­er­a­tion­al costs. Across busi­nesses, hard ques­tions are be­ing asked about where ef­fi­cien­cies can be made – and ul­ti­mately what...
09/06/2023
New re­gime for dis­tance con­tracts for fin­an­cial ser­vices
On 6 June 2023, the European Par­lia­ment and Coun­cil agreed upon the new dir­ect­ive con­cern­ing fin­an­cial ser­vices con­tracts con­cluded at a dis­tance (i.e. by phone or on­line), which amends the Dis­tance Mar­ket­ing...
06/06/2023
ESG Le­gis­la­tion : CSRD - Whis­tleblow­ing & Im­pact on D&O’s
Join us on Tues­day 6 June in our of­fices.At Howden Bel­gi­um and CMS, we are com­mit­ted to provid­ing up-to-date in­form­a­tion on leg­al and in­sur­ance top­ics.On Tues­day 6 June, from 5.30pm to 9pm, we are or­gan­ising...
06/06/2023
The European Com­mis­sion in­vest­ig­ates the pro­ject of ac­quis­i­tion of Asi­ana...
Korean Air­lines no­ti­fied the European Com­mis­sion of its pro­posed ac­quis­i­tion of Asi­ana Air­lines on 13 Janu­ary 2023. On 17 Feb­ru­ary 2023, the Com­mis­sion opened an in-depth in­vest­ig­a­tion in­to the pro­posed...
06/06/2023
CMS Ex­pert Guide to Crypto Reg­u­la­tion in Bel­gi­um
1. How is crypto reg­u­lated? 2. Are the fol­low­ing activ­it­ies reg­u­lated or un­reg­u­lated in your jur­is­dic­tion? ― Ex­change (buy/sell) ― Cus­tody (hold) ― Bor­row­ing/lend­ing ― Yield/stak­ing 3. How...
Comparable
01/06/2023
State aid: fol­low­ing ap­peals by Ry­anair, the Gen­er­al Court of the EU an­nuls...
On 11 May 2023, the Gen­er­al Court of the EU can­celled two European Com­mis­sion de­cisions au­thor­iz­ing State aid in the form of cap­it­al in­jec­tions for the air­lines SAS and Deutsche Lufthansa, in par­tic­u­lar...
01/06/2023
CJEU provides clar­ity on data pro­tec­tion: judg­ments on right to com­pens­a­tion...
CJEU judg­ment on right to com­pens­a­tion for non-ma­ter­i­al dam­age un­der GDPR (Case C-300/21)On 4 May 2023, the CJEU de­livered a judge­ment con­cern­ing the right to com­pens­a­tion fol­low­ing an in­fringe­ment of...
31/05/2023
UPC – the “Long-arm” jur­is­dic­tion
UPC Long-arm jur­is­dic­tion­With the UPC set to open its doors on 1 June 2023, just how far might its reach ex­tend?Un­less a European pat­ent has been op­ted out of the UPC, the na­tion­al courts and the UPC...
26/05/2023
Per­form­ing ser­vices in a de­cent­ral­ised man­ner un­der Mi­CAR
At the end of April 2023, the European par­lia­ment de­cided on a uni­form reg­u­la­tion of crypto as­sets across the EU by vot­ing on the MiCA reg­u­la­tion (i.e. mar­kets in crypto-as­sets). The in­ten­ded in­nov­a­tions...
25/05/2023
North Sea Strikes and Force Ma­jeure
The latest in a series of strikes by oil & gas work­ers in the North Sea con­tin­ues to test the op­er­a­tion and ef­fic­acy of force ma­jeure (“FM”) pro­vi­sions in oil and gas in­dustry con­tracts.There is no...
24/05/2023
De­Fi and MiCA: How much de­cent­ral­isa­tion is enough?
The European Uni­on Coun­cil has re­cently ad­op­ted a reg­u­la­tion on Mar­kets in Crypto-As­sets (MiCA) that ap­plies to crypto-as­sets, their is­suers and ser­vice pro­viders, and cov­ers a range of ser­vices that...
22/05/2023
Europe-wide ana­lys­is on the fifth an­niversary of the GDPR re­veals data...
European data pro­tec­tion au­thor­it­ies im­posed fines totalling over 2.7 bil­lion euros in more than 1,500 pub­licly known cases for vi­ol­a­tions of the Gen­er­al Data Pro­tec­tion Reg­u­la­tion, which has been in...