The European Court has issued a sentence of special relevance for the operation and effectiveness of the “pre-pack” insolvency procedures. Specifically, it clarifies the requirements that must be met to respect the rights of workers in the event of business transfers.
What are the consequences of a settlement procedure where all the companies reach agreement with the authority conducting the investigation phase except one? Could the latter be harmed by not reaching an agreement? How does the principle of presumption of innocence apply given that the other participants in the infringement have already admitted to the facts? In this article, we identify the risks and disadvantages created by the so-called hybrid process and we will see that these can hardly be fully mitigated.
European Commission publishes proposal for a directive on corporate sustainability due diligence and a communication on decent work worldwide.
The European Court of Justice affirms that penalties imposed for failure to comply with the obligation to provide information are disproportionate and that a law may not allow no statute of limitations to be pleaded in relation to overseas assets and rights simply due to failure to comply with a procedural obligation (judgment of January 27 2022 in case C-788-19).
These proposals, presented on December 22, 2021, have their respective origins in the work of the OECD and G20, for the implementation of a global minimum tax rate (known as Pillar 2) and in the communication on business taxation for the 21st century (revision of the ATAD Directive to include measures to counter shell companies).
The European Parliament gave its support to the pharmaceutical strategy for Europe, by resolution on November 24, 2021. Two main driving forces behind this strategy, adopted by the European Commission on November 25, 2020, are to support industry in promoting research and to address certain market failures. The aim is to create a regulatory framework for the future.
Garrigues is the highest earning law firm in the European Union, according to the Euro 100 ranking, which is published every year in the British publication The Lawyer. The report analyzes the growth of the highest-billing firms in the European continent. Garrigues again leads the list, with overall revenue of 386.9 million euros.
The European Central Bank (ECB) plans to announce shortly whether it will launch a design and creation project for a digital euro, something which, as the institution itself has said, would have an immense impact. We need to know therefore what the digital euro would be legally and what implications it could have for many parties in the financial system and in particular for banks and other financial institutions.