The European Commission has approved, under the EU Merger Regulation, the proposed creation of a joint venture (‘JV‘) between BAE Systems (Holdings) Limited (‘BAES‘), Japan Aircraft Industrial Enhancement Co. Ltd. (‘JAIEC‘), and Leonardo S.p.A. (‘Leonardo‘). This JV will be the prime contractor and lead systems integrator for the Global Combat Air Programme. The Commission’s investigation The […]
New rules to fight cross-border payment fraud in the EU enter into force
New transparency rules come into force this 1 January that will help EU Member States to crack down on Value-Added Tax (VAT) fraud. The new rules will provide tax administration of the EU Member States with payment information allowing them to detect VAT fraud more easily, with a particular focus on e-commerce which is particularly […]