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
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.
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.
Baker McKenzie has created a one of its kind Anti-Corruption Risk-Map. The risk maps provide information on primary anti-corruption legislation and enforcement agencies, offences, defences and penalties in 55 countries.
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.
Belgian Competition Authority adopts competition law guidelines for small and medium-sized enterprises
The Belgian Competition Authority has adopted competition law guidelines for small and medium-sized enterprises.