The Council adopted new rules aimed at making banks operating in the EU more resilient to possible economic shocks. The changes aim to increase the resilience of banks, strengthen their supervision and reinforce risk management. In addition they will strengthen supervision and sustainability in the banking sector. Vincent Van Peteghem, Belgian minister for finance, stated last Thursday: “The […]
Read MoreCJEU Judgment: The order button or a similar function must clearly indicate that the consumer is subject to a payment obligation by clicking on it
This applies even where the obligation to pay is also dependent on the satisfaction of a subsequent condition. In Germany, the tenant of an apartment – the monthly rent of which was higher than the maximum ceiling permitted under national law – asked a debt recovery undertaking to request his landlords to repay rent overpayments. […]
Read MoreCouncil gives go-ahead to strengthen rules against trafficking in human beings
The Council adopted a directive that adds the exploitation of surrogacy, of forced marriage and of illegal adoption as forms of exploitation covered by the EU’s anti-trafficking law. The modification reflects the gravity, as well as the prevalence and the relevance of these forms of exploitation. Knowingly using the service provided by a trafficking victim will […]
Read MoreEuropean Critical Raw Materials Act: law to ensure access to a diversified, affordable and sustainable supply enters into force
The European Critical Raw Materials Act entries into force, which aims at ensuring a diverse, secure, and sustainable supply of critical raw materials for the EU’s industry. Secured access to critical raw materials is essential for strategic sectors including clean technologies, digital, defence and aerospace industries. Europe now has a regulatory framework to strengthen domestic […]
Read MoreCouncil adopts updated Schengen Borders Code
The Council has given its final approval to a new Schengen Borders Code, the EU’s rulebook that deals with the management of internal and external borders as well as the rules governing border control of persons crossing the external EU borders. The reform is instrumental in making the Schengen area more resilient to present and […]
Read MoreEuropean Commission fines Mondelēz, maker of Milka and Oreo, €337.5m for restrictions on cross-border trade
The European Commission has fined Mondelēz International, Inc. (Mondelēz) €337.5 million for hindering the cross-border trade of chocolate, biscuits and coffee products between Member States, in breach of EU competition rules. The Commission remains committed to bringing down unjustified barriers to ensure a better functioning of the Single Market. Territorial supply constraints by suppliers are a […]
Read MoreThe Commission decides to refer SPAIN to the Court of Justice of the European Union for failing to implement taxation rules set out by the Merger Directive
The European Commission decided to refer Spain to the Court of Justice of the European Union for failure to ensure correct implementation of the Merger Directive on the common system of taxation applicable to Member States (Directive 2009/133/EC). The objective of the Merger Directive is to remove fiscal obstacles to cross-border reorganisations involving companies situated in two […]
Read MoreCouncil approves gas and hydrogen market package
The Council has adopted a regulation and a directive establishing common internal market rules for renewable and natural gases and hydrogen and reforming the existing EU gas legislation. The new rules will help make the shift to renewable and low-carbon gases, in particular hydrogen, in the energy system, with a view to achieving the EU’s […]
Read MoreCJEU Judgment: frontier workers must enjoy the same social advantages as resident workers
A Belgian national works in Luxembourg and lives in Belgium. As a frontier worker, he depends on the Luxembourg system for family allowances, which he received for several years for a child placed in his household by a court order. In 2017, the Luxembourg Caisse pour l’avenir des enfants (CAE) (Children’s Future Fund) nevertheless withdrew […]
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