On 1 July 2016, the German Ministry of Economic Affairs published a draft bill to amend the German Act against Restraints of Competition (ARC). It proposes, among other things, to extend the scope of the existing merger control regime by introducing a second jurisdictional threshold based on the value of the transaction. Absent major changes to the bill by Parliament (which appear unlikely) the new value-based test will enter into force by the end of 2016. The effect of the new test will be to catch any merger with a transaction value of more than €350 million, irrespective of the turnover generated by the target company in Germany.
November 24, 2016
On 10 May 2016, the German and French competition authorities published a joint report on “Competition Law and Data”, making it a prime example of close cooperation between two major national authorities, in a field of growing interest at the dawn of the digital age.
Digital disruption is blowing a Schumpeterian gale of creative destruction throughout the global economy. These winds of change are delivering substantial increases in consumer welfare. The glowing glass screen of a smartphone enables us to access the library of all human knowledge. We can order any imaginable good or service; literally at our fingertips.
Blockchain technologies are receiving a great deal of attention from businesses across a broad range of industry sectors, and for very good reasons. By offering the possibility of dealing with third parties using a secure, shared, indelible decentralised ledger, blockchain technologies1 have the potential to deliver significant value in transactions. These features of blockchain, rather than the precise technologies that that term includes, are of central importance.
The European Commission has published a number of proposed measures that form part of its work to reduce risk in the EU banking sector, as set out in the Communication Towards the Completion of the Banking Union.
Employers who had been searching for a way to best implement the Department of Labor’s new overtime regulations...
November 23, 2016
On October 25, 2016, the European Commission published revised proposals for a Council Directive on a Common Corporate Tax Base
In the FCA’s Business Plan 2015/16 the regulator announced its intention to undertake a market study into the asset management market.
The value of reliance on a trade-mark registration, as opposed to prior use, stands out sharply in the recent Federal Court of Appeal case of Pizzaiolo Restaurants Inc. v. Les Restaurants La Pizzaiolle Inc. ( 2016 FCA 256 October 28, 2016).
November 22, 2016
On November 17th, the Canadian Securities Administrators (CSA) issued Staff Notice 31-347 (the Notice), which provides information and guidance to portfolio managers
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