• International Updates

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    July 2017 - Week 28 | Overview of recent regulatory developments in financial markets

    Recently a new Prospectus Regulation (2017/1129) has been published. The new Prospectus Regulation addresses various deficiencies in the existing prospectus regime. For example, it aims at making prospectuses better and shorter. The new Prospectus Regulation repeals the Prospectus Directive (2003/71/EC, as amended) with effect from 20 July 2017, 21 July 2018 and 21 July 2019. Notably, the amendment that takes place with effect from 20 July 2017 relates to the increase of the 10% threshold for admitting securities to trading without a prospectus. Read more

    July 2017 - News Update EU

    On Thursday 7 July 2017, at the EU-Japan Summit a political agreement on the main principles of the EU-Japan Economic Partnership Agreement ("EPA") was announced. Agreement was reached on, amongst other things; (i) elimination of customs duties paid by EU companies, (ii) opening of the Japanese market to key EU agricultural and food exports and (iii) addressing non-tariff barriers for products like motor vehicles, medical devices, textiles and beer. Read more

    June 2017 - News Update EU | Competition and Procurement Special June 2017

    On 4 May 2017 the Court of Justice of the European Union ('CJEU') clarified for the first time the provision in the procurement legislation that in case of serious misrepresentation a tenderer may be excluded from participation in a public tender procedure. Read more

    May 2017 - News Update Competition Litigation - Dutch Court rules that cartel damages claims under several national law systems have expired

    On 10 May 2017 the Amsterdam District Court rendered an important judgment in cartel damages proceedings following on from the EC Decision of 11 June 2008 regarding the sodium chlorate cartel (COMP/38695). According to the court, claims under several national legal systems had expired under the applicable statutory limitation periods, which did not result in a breach of the EU law principle of effectiveness. The court reached this decision after ruling that the damages claims had been validly assigned. Read more

    May 2017 - News Update EU | E-commerce Special

    10 May 2017, the European Commission published its final report on the E-commerce Sector Inquiry ("the Sector Inquiry") which was launched on 6 May 2015 as part of the Digital Market Strategy. The Sector Inquiry aimed at obtaining an insight into the prevailing market trends, the potential barriers to competition and the possible restrictive practices on the online market(s). In September 2016 the Commission published its Preliminary Report on the Sector Inquiry (see our News Update).The Preliminary Report was followed by a public consultation and a stakeholder conference ending in November 2016. Read more

    May 2017 - News Update EU May| Recent Developments

    On 4 May 2017 the Court of Justice of the European Union ("CJEU") decided in the case of the Belgian dentist Luc Vanderborght (C-339/15) who advertised his services on his website in spite of Belgian legislation prohibiting any advertising relating to the provision of oral and dental care services. Read more

    April 2017 - Overview of recent regulatory developments in financial markets

    This overview includes a selection of relevant legal developments as regards financial markets regulation including a proposed ban on marketing of harmful financial products, the AFM focus for 2017 and leniency of DNB in respect of enforcement of variation margin requirements. Read more

    April 2017 - News Update EU | Brexit Special

    Houthoff Buruma is closely monitoring the consequences of the Brexit for its clients. Areas that are expected to be affected include trade, competition, intellectual property, data protection, dispute resolution and financial services. An intensive period of negotiations is expected to determine the UK's future relationship with the EU and its Member States. Read more

    March 2017 - News Update EU | Recent Developments - 2

    On 25 March 2017, the 60th anniversary of the Rome Treaty, the leaders of the all EU Member States (except the UK), and of the European Council, the European Parliament and the European Commission issued a declaration on the future of the EU. Read more

    March 2017 - News Update EU March | Recent Developments - 1

    On 1 March 2017 the European Commission presented its White Paper on the future of Europe, looking at how Europe will change in the next decade. The White Paper sets out five different scenarios for Europe in 2025: (i) scenario 1: "Carry On", the EU27 focuses on delivering its positive reform agenda; Read more