EU Directive

News & Analysis as of

European Union: Working time for workers with no fixed place of work

If you employ or plan to employ workers in the European Union who have no habitual or fixed place of work, you should be aware of a recent ruling of the European Court of Justice (“ECJ”). The ECJ determined in September that...more

Implementation of EU P/S Directive GAAR; Dutch Decree regarding adaptation period for currently existing ATR's

Due to the adoption of the amended EU Parent-Subsidiary Directive into Dutch law, more specifically the EU Parent-Subsidiary Directive's general anti-abuse rule (GAAR), certain currently existing Advance Tax Rulings (ATRs)...more

Council asks COREPER to agree PSD2

The Council has published a note from the General Secretariat to the Permanent Representatives Committee (COREPER) relating to the revised Payment Services Directive (PSD2). It asks COREPER to confirm its agreement and to...more

Collective redundancies – can directors of financially distressed companies breathe a sigh of relief?

In October we issued an article on the criminal charges that had been brought against the former directors of City Link Limited (in administration) for their failure to notify the Secretary of State of proposals for...more

Commission finalises CRD4 colleges RTS

The Commission has published the Delegated Regulation on regulatory technical standards (RTS) for specifying the general conditions for the functioning of colleges of supervisors under the Fourth Capital Requirements...more

Commission adopts 2016 work programme

The Commission has adopted its 2016 Work Programme, reaffirming the commitment to the 10 political priorities of its political guidelines. The programme plans to deliver 23 key initiatives and 40 actions under its “REFIT”...more

EBA translates BRRD simplified obligations guidelines

EBA has translated the guidelines on simplified obligations under the Bank Recovery and Resolution Directive (BRRD) in the official languages. The guidelines define how EU authorities should assess whether an institution is...more

EBA consults on BRRD guidelines

EBA is consulting on draft guidelines on how confidential information collected under the BRRD should be disclosed in summary or collective form without identifying individual institutions or entities. The guidelines say this...more

EIOPA modifies Solvency 2 term structures methodology

EIOPA has modified the methodology for calculating the relevant risk-free interest rate term structures for Solvency 2. EIOPA has decided to amend the methodology so that...more

ESMA prepares for amended Transparency Directive

ESMA has published four documents relating to the amended Transparency Directive (TD) in order to promote the implementation and harmonised application of the directive when it comes into force on 26 November....more

Treasury consults on UCITS V

Treasury is consulting on legislative changes it needs to make to implement UCITS V. The consultation is separate from FCA’s current consultation, which addresses the bulk of the changes, including the remuneration rules the...more


La Ley 22/2015, de 20 de julio, de Auditori´a de Cuentas, fue publicada en el BOE de 21 de julio de 2015, y entrara´ en vigor el 17 de junio de 2016, con las excepciones indicadas en la Disposicio´n Final 141....more

Court of Justice rules that videos on newspapers' website can fall within AVMS Directive

On 21 October 2015, the European Court of Justice (ECJ) ruled that the video section of an online newspaper could be considered an audiovisual service and therefore may be regulated by the Audiovisual Media Services Directive...more

Music rights management in the Digital Single Market

The UK Intellectual Property Office (IPO) has launched a technical review consultation on how effectively the draft Collective Management of Copyright (EU Directive) Regulations 2016 (the Draft Regulations) implement EU...more

Key EU Employment Decision Impacting On Aviation And Wider Transport Sector

Within the EU and wider EEA significant employment legislation often derives from EU directives which individual member states are then required to implement into their national law. Of particular significance is the Acquired...more

Resolving Austria’s HETA - Major Milestone for the European Bank Resolution Regime

The first bank resolution under the new European bank resolution regime is currently taking place in Austria: the Austrian Financial Market Authority (FMA), the official government regulator for banks, funds and financial...more

Putting the Final BEPS Reports into Perspective: from Recommendations to Implementation

The Organization of Economic Cooperation and Development (OECD) released its final reports on the G20/OECD Base Erosion and Profit Shifting (BEPS) Project on Monday October 5th, 2015. ...more

The Meritas Guide To Employment Law On A Business Sale In Europe, Middle East And Africa - April 2015: France

1. DO EMPLOYEES AUTOMATICALLY TRANSFER TO THE BUYER WHEN A BUSINESS IS SOLD? Article L. 1224-1 of the French Labour Code states that “following a change to the employer’s legal status, in particular by succession, sale,...more

Text of PSD2 Adopted by European Parliament

On October 9, 2015 the European Parliament published the provisional text of the proposed directive repealing and replacing the Payment Services Directive (2007/64/EC), known as PSD2....more

Governance & Securities Law Focus: Europe Edition Q3 2015

In this newsletter, we provide a snapshot of the principal European, US and selected international governance and securities law developments of interest to European corporates. Please see full Newsletter below for more...more

Pensions Alert: Survivors' Benefits: Court of Appeal Judgment

The Court of Appeal issued a judgment this week in a case concerning the provision of survivors' benefits to civil partners and same sex spouses by occupational pension schemes. In this Pensions Alert we report on the Court's...more

European Court of Justice Invalidates U.S.-EU Safe Harbor

On October 6, 2015, the European Court of Justice (“ECJ”), the top court of the European Union (“EU”), released its opinion in Maximillian Schrems v. Data Protection Commissioner (C-362/14), invalidating the U.S.-EU Safe...more

EP reports on payment services

EP has published its supplementary report on the proposal for a revised Directive on Payment Services (PSD2)...more

Effects of Schrems Ruling on International Internal Investigations

In a recent landmark decision, Maximillian Schrems v. Data Protection Commissioner, Europe’s highest court struck down a US-EU agreement that allowed companies to move personal electronic data between the European Union and...more

Personal Data Collection Is Getting Trickier

On October 6, 2015, the Court of Justice of the European Union (“EU”) issued a judgment declaring that the United States Safe Harbor Decision is invalid. That Decision had been rendered by the EU Data Protection Commission...more

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