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23/05/2022
Ten key takeaways of the draft re­vi­sion for the EU mer­ger con­trol pro­ced­ure
Fol­low­ing its eval­u­ation of pro­ced­ur­al and jur­is­dic­tion­al as­pects of EU mer­ger con­trol, on 6 May 2022 the European Com­mis­sion pub­lished drafts for a re­vised Mer­ger Im­ple­ment­ing Reg­u­la­tion (in­clud­ing Form...
20/05/2022
DEBRA – The new EU tax ini­ti­at­ive aim­ing at pro­mot­ing a fair and sus­tain­able...
With­in the EU a wide­spread asym­metry ex­ists between debt and equity fin­an­cing. Usu­ally, in­terest is tax de­duct­ible from the cor­por­ate in­come tax base while di­vidends do not be­ne­fit from such ad­vant­age...
20/05/2022
Amended IC­SID Rules to enter in­to force on 1 Ju­ly 2022
On 21 March 2022, the Mem­ber States of the In­ter­na­tion­al Centre for Set­tle­ment of In­vest­ment Dis­putes (IC­SID) ad­op­ted a com­pre­hens­ive set of amend­ments to IC­SID ar­bit­ra­tion and con­cili­ation rules (“IC­SID...
12/05/2022
10 key as­pects of the re­vised EU com­pet­i­tion law in the field of dis­tri­bu­tion...
The new Ver­tic­al Block Ex­emp­tion Reg­u­la­tion (VBER) and the new ac­com­pa­ny­ing Ver­tic­al Guidelines (VGL) were pub­lished on 10 May 2022. The new VBER will enter in­to force on 1 June 2022 and ap­ply for the...
11/05/2022
SF­DR con­tin­ues to evolve: more gran­u­lar dis­clos­ures to be pro­posed on in­vest­ments’...
Fin­an­cial products with ex­pos­ures in fossil gas and nuc­le­ar en­ergy are likely to have more gran­u­lar re­port­ing re­quire­ments un­der the Sus­tain­able Fin­ance Dis­clos­ure Reg­u­la­tion (“SF­DR”). The European...
11/05/2022
SF­DR’s Prin­cip­al Ad­verse Im­pacts In­dic­at­ors on course to change
The European Com­mis­sion has giv­en the European Su­per­vis­ory Au­thor­it­ies (“ES­As”) a man­date to re­view the SF­DR Del­eg­ated Reg­u­la­tion in­dic­at­ors for prin­cip­al ad­verse im­pact and the fin­an­cial product...
11/05/2022
The Gen­er­al Court of the EU con­firms the leg­al­ity of the res­cue aid to...
On 4 May 2022, the Gen­er­al Court of the EU con­firmed the leg­al­ity of the Com­mis­sion's de­cision ap­prov­ing res­cue aid of 36.66 mil­lion EUR from Ro­mania to the air­line TAR­OM. It found that the aid was in­deed...
09/05/2022
An up­date on the no­tion of in­her­it­ance fraud
When an in­her­it­ance is opened, the prin­ciple is the equal­ity of shar­ing between heirs.Any fraud com­mit­ted vol­un­tar­ily by an heir with the aim of break­ing the equal­ity of in­her­it­ance in his fa­vour will...
04/05/2022
More de­tail has be­come avail­able about how to as­sess pat­entab­il­ity of com­puter...
In March 2021 the En­larged Board of Ap­peal of the European Pat­ent Of­fice answered ques­tions con­cern­ing pat­entab­il­ity of com­puter soft­ware sim­u­la­tions in case G1/19. A Tech­nic­al Board of Ap­peal has ap­plied...
26/04/2022
Amendement of the usury rate in Monaco
The Sov­er­eign Or­der n° 2.271 of 6th Ju­ly 2009 re­lat­ing to the de­term­in­a­tion of the usury rate was amended by Sov­er­eign Or­der n° 9.169 of 31st March 2022, pub­lished on 8th April 2022 in the Journ­al de...
21/04/2022
En­ergy: Con­sequences of not ex­er­cising an op­tion
In Thurcroft Power Lim­ited v. Volta En­ergy Group Lim­ited [2022] EWHC 338 (Comm), the Com­mer­cial Court de­cided that an op­tion agree­ment con­cern­ing the early stages of a bat­tery stor­age de­vel­op­ment did...
08/04/2022
The Pro­posed Dir­ect­ive on Cor­por­ate Sus­tain­ab­il­ity Due Di­li­gence – a step...
The Pro­posed Dir­ect­ive on Cor­por­ate Sus­tain­ab­il­ity Due Di­li­gence (the “CSDD Pro­pos­al”), pub­lished on 23 Feb­ru­ary 2022, aims to im­pose ob­lig­a­tions on com­pan­ies, their sub­si­di­ar­ies and their value chains...