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Over to you: the CMA hands the baton of UK digital regulation to the new Digital Markets Taskforce
On 1 July 2020, the CMA published a Report, which concludes a year-long market study into online platforms and digital advertising in the UK. The CMA confirmed its recommendation in the Interim Report not to refer to a market investigation (i.e. an...
You have a new notification: Federal Court of Justice upholds FCO’s antitrust decision against Facebook's broad data collection practices in Germany
You
might still remember the FCO’s landmark decision in February 2019 against Facebook’s processing of user data, finding that
Facebook: is the dominant company in the German market for
social networks having built a unique database for individual...
Femtech: a bright future ahead
Move aside fintech, regtech, edtech and proptech – there’s a new buzzword in town. Femtech encompasses software, hardware (including wearable devices) and other tech-driven products and services aimed at enhancing women’s health and wellbeing. From...
Still waiting for closure: adjudicating a taxpayer’s domicile status
If HMRC requests information that is required only if a prior substantive conclusion is correct, can a court decide the substantive issue in the context of the taxpayer’s challenge to the information notice? And if the court can, should it do so? In...
Cross-border recovery of tax debts through set-off
If one Member State requests assistance from another Member State in respect of the recovery of a debt under the Mutual Assistance Recovery Directive (MARD), the requesting state’s claim is treated is if it was a claim of the requested state. In Pantochim...
UK amongst those delaying DAC6 reporting deadlines
Rumours about a delay to the DAC6 filing dates have been tantalisingly rumbling on for a while now, as the commencement date of 1 July 2020 looms closer. With many practical questions still unanswered, the tools for submitting reports yet to be made...
A brand new subsidy regime for the UK?
A key outstanding issue between the EU and the UK in the negotiations on the future partnership agreement is the implementation of a level playing field for competition. The resolution of this issue will likely affect the shape of any future domestic...
COVID-19 and the banking sector - overview of the main measures adopted in France to face the crisis
In response to the COVID-19 crisis, and in line with international and European authorities (in particular the European Central Bank (ECB) and European Banking Authority (EBA)), French authorities have taken a series of measures to modify and adapt the...
The new EU Covered Bond Directive: Funding opportunities for European banking groups
The new EU Covered Bond Directive (which came into force, together with an EU Regulation, in January 2020 and needs to be implemented in member states by July 2022) contains a discretionary initiative that can, but is not required to be, introduced by...
New EU prudential regime for investment firms – key aspects and immediate considerations
The Investment Firms Directive (IFD) and Investment Firms Regulation (IFR) came into force in December 2019 and apply to all investment firms as defined under the Markets in Financial Instruments Directive II (MiFID II). The IFR will apply across EU...