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Antitrust: The EU Commission introduces new whistleblower tool

On 16 March, the EU Commission launched a new tool which shall make it easier for individuals to alert the Commission about secret cartels and other antitrust violations while maintaining their anonymity.

Greek Competition Commission intensified investigatory activity

In 2016, the Hellenic Competition Commission's intense investigatory activity was reflected in nine Statements of Objections.

Ukraine Imposes Sanctions against Banks with Russian Capital

On 15 March 2017, the President of Ukraine enacted the decision of the Ukrainian National Security and Defense Council to impose sanctions on five Ukrainian banks with the capital of Russian state-owned b

UK Criminal Finances Bill – Ten things to consider

The Criminal Finances Bill will hold firms criminally liable where employees facilitate tax evasion by their clients. To protect themselves, firms must implement reasonable prevention procedures to mitigate the risk of facilitating a tax evasion offence.

German Federal Ministry for Economic Affairs and Energy proposes corruption blacklist

On 20 Feburary 2017, the German Federal Ministry for Economic Affairs and Energy published draft legislation, aiming at the creation of a Federal Register to protect the competition for public tenders and concessions

Draft bill for new German Anti-Money Laundering Law approved

On 22th February 2017, the German Federal Government Cabinet approved the draft for a revised law on the combat of Money Laundering and Terrorism Financing.

New fine for tax non-compliance: Norwegian branches at risk

The Norwegian Tax Assessment Act is effective from 1 January 2017. In addition to some significant material changes regarding tax assessment, the legislation introduces a new compulsory fine for late filing or non-compliance. Many branches are now at risk of such fines.

First Spanish conviction for corruption of foreign public officials

On February 20, 2016 , the Spanish Anti-Corruption Public Prosecutor set forth the findings against two executives of a Spanish company within the Criminal Section of the Audiencia Nacional for making corrupt payments to a foreign public official.

Final Text of the EU Conflict Minerals Regulation

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.

EU’s highest Court confirms that automated messages can put recipients on the hook for...

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.

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