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GLOSSARY
Directive (EU) 2018/1972, a directive published in December 2018 that consolidates several directives comprising the common regulatory framework for electronic communications networks and services.
NEWS
The European Commission has announced that 49 financial institutions have joined the European Energy Efficiency Financing Coalition (the Coalition), following the 27 EU Member States that signed up in 2023. The new members have signed the statement of intent for financial institutions, and will now participate in the General Assembly, the Expert Platform and the National Hubs. The new members will now also engage with the Commission and EU Member States and participate in co-creating the Coalition's work programme. A new call for expressions of interest will be launched in 2025.
PRACTICE NOTES
This Practice Note considers the debtor’s position against a creditor who seeks to enforce a judgment, court settlement or authentic instrument in relation to an uncontested claim under Regulation (EC) 805/2004, the European Enforcement Order Regulation or the EEO Regulation, using an EEO. References to judgments in this Practice Note should be taken to also encompass court settlements or authentic instruments. A prerequisite for an EEO is that the claim was uncontested, a concept explained in Recital (5) of the EEO Regulation as covering situations in which: ‘…a creditor, given the verified absence of any dispute by the debtor as to the nature or extent of a pecuniary claim, has obtained either a court decision against that debtor or an enforceable document that requires the debtor’s express consent, be it a court settlement or an authentic document.’ Once a judgment has been certified as an EEO, it is treated for enforcement purposes as if it were a judgment delivered in the Member State in which it is to be enforced.
PRACTICE NOTES
This Practice Note considers the creation of a European Enforcement Order (EEO) for uncontested claims under Regulation (EC) 805/2004, the EEO Regulation. The concept of ‘uncontested claims’ covers situations where a creditor, given the verified absence of any dispute by the debtor as to the nature or extent of a pecuniary claim, has obtained either a court decision against that debtor or an enforceable document that requires the debtor’s express consent, be it a court settlement or an authentic document. The EEO Regulation governs the procedure for obtaining an enforcement order which allows the creditor to enforce a judgment in another Member State. The enforcement procedure is governed by the applicable procedural law of the EU Member State in which the enforcement is sought (Article 20(1) of the EEO Regulation). What is a European Enforcement Order? The EEO for uncontested claims was introduced to enable the free circulation of judgments, courts settlements and authentic instruments in other Member States with the exception of Denmark (Article 2(3) of the EEO Regulation). The
GLOSSARY
A club of country-based associations of pension funds designed to be more effective in EU lobbying.
NEWS
The European Fund Classification (EFC), the pan-European classification system of investment funds overseen by the European Fund and Asset Management Association (EFAMA), has expanded its coverage to reach close to 180,000 fund share classes across most European countries. The vast majority of European funds now have an EFC classification. This includes several new fund categories, namely crypto asset funds, FX funds, and ultra-short bond funds.
PRACTICE NOTES
CASE HUB NOTE—appeals lodged before the General Court in Cases T- 336/14, T- 441/21, T- 456/21 and T- 462/21, T- 449/21, T- 453/21, T- 455/21 and T- 561/21 See further: timeline, commentary and related cases. Case facts Outline European Commission Article 101 TFEU investigation into the exchange of commercially sensitive information and coordination of trading strategies in the primary and secondary market for European government bonds (Case AT.40324). Latest development On 20 May 2021, the Commission its infringement decision and imposed fines totalling €371m on three banks (Nomura, UBS and UniCredit). Four further banks were found to have breached Article 101 TFEU but were not fined (for the reasons set out below). The breakdown of the fines imposed is as follows:• Nomura—€129.57m• UBS—€172.38m (including a 45% reduction for co-operation)• UniCredit—€69.44m• Bank of America—no fine (as a result of its infringement falling outside the limitation period for the imposition of fines)• Natixis—no fine (as a result of its infringement falling outside the limitation period for the imposition of fines)• NatWest (then named RBS)—no fine (as a result of being awarded immunity, thereby
PRACTICE NOTES
This Practice Note is intended to be used to track the progress of European Health Data Space (EHDS) updates, including legislative developments, industry reactions (eg European Federation of Pharmaceutical Industries and Associations (EFPIA), MedTech Europe), key regulatory guidance and initiatives, and consultations. Overview of the European Health Data Space Regulation The EHDS is the first sector-specific initiative under the broader European strategy for data, which includes Regulation (EU) 2023/2854, the EU Data Act, and Regulation (EU) 2022/868, the EU Data Governance Act (EU DGA). It introduces a harmonised legal framework to govern the access, exchange, and use of electronic health data (EHD) across the EU. On 3 May 2022, the European Commission introduced the Proposal for a Regulation on the EHDS and on 25 March 2025, Regulation (EU) 2025/327 on the European Health Data Space and amending Directive 2011/24/EU and Regulation (EU) 2024/2847 (the EHDS Regulation) entered into force, marking the beginning of the transition period. Its provisions will apply in stages, with key dates detailed below (see: Legislative developments and industry reactions). Objective
NEWS
Law360, London: The number of deals involving European insurance businesses rose by 20% in 2024, largely driven by an increase in consolidation among brokers and service providers, a consultancy said 19 March 2025.
GLOSSARY
The European Insurance and Occupational Pensions Authority (EIOPA) is a regulatory agency composed of high level representatives of the insurance and occupational pensions supervisory authorities of the member states.
GLOSSARY
The European Insurance and Occupational Pensions Authority (EIOPA) is an independent EU authority with core responsibilities of supporting the stability of the financial system (particularly the insurance sector), the protection of policyholders, pension scheme members and beneficiaries and the transparency of markets and financial products.
PRACTICE NOTES
What does EIOPA do? The European Insurance and Occupational Pensions Authority (EIOPA) is one of three European Supervisory Authorities (ESAs) which was created to strengthen the EU supervisory framework and to reduce the risk and damage of a future financial crisis. It operates as an independent advisory body to the European Parliament, the Council of the European Union (the Council) and the European Commission (the Commission). EIOPA is the European micro-prudential supervisor for the insurance and occupational pensions sectors. It was created by Regulation (EU) No 1094/2010 (the EIOPA regulation) and replaced the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) in January 2011. It is based in Frankfurt, Germany. EIOPA's main goals are: • protecting consumers and rebuilding trust in the financial system • ensuring a high, effective and consistent level of regulation and supervision, taking account of the varying interests of all EU Member States and the different nature of financial institutions • greater harmonisation and coherent application of rules for financial institutions and markets across the EU