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Market abuse: a new framework in the European Union

Market abuse: a new framework in the European Union
03/09/2014

A new framework applicable to market abuse prohibition and prevention has been adopted by the European institutions. It consists of Regulation 596/2014 on market abuse (the “MAR”) and of Directive 2014/57/EU on criminal sanctions for market abuse (the “Sanctions Directive”), both of which were published in the Official Journal of the European Union on 12 June 2014. These two instruments replace and repeal Directive 2003/6/CE on insider dealing and market manipulation (the “MAD”), which had been implemented into Luxembourg by the Law of 9 May 2006 on market abuse. 

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New Luxembourg car distribution rules: need for car brands to renegociate agreements with Luxembourg car distributors

New Luxembourg car distribution rules: need for car brands to renegociate agreements with Luxembourg car distributors
14/08/2014

On 8 July 2014, the Luxembourg Parliament passed a law setting out specific rules for vertical agreements in the car distribution sector. The law is intended to protect the independence and financial security of Luxembourg car distributors by outlining a number of protective provisions applicable to vertical agreements between Luxembourg car distributors and foreign car suppliers (the parliamentary file can be found here). Some of these protective measures could already be found in Regulation (EC) No 1400/2002 on the application of Article 81(3) of the Treaty to categories of vertical agreements and concerted practices in the motor vehicle sector, but were abolished by Regulation (EU) No 461/2010.

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Mr. Thomas Verstraeten

The EU Power Cables Case: Antitrust Parental Liability of Private Equity Management Companies
27/05/2014

On 2 April 2014, the European Commission imposed fines totalling EUR 301.6 million on eleven producers of underground and submarine high voltage power cables for their participation in an alleged bid-rigging scheme.

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Ms. Annabelle Lepiece

EUR 302,000,000 fines for a cartel between producers of high voltage power cables
26/05/2014

On 2 April 2014, the Commission fined producers of high voltage power cables EUR 302,000,000 for a cartel to split the market and to allocate customers on a global scale for almost 10 years.

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Ms. Annabelle Lepiece

How to lodge a complaint against a competitor in state aid matters?
23/05/2014

The European Commission has created a new form to lodge a complaint in state aid matters.

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Mr. Sébastien Engelen

Antitrust and technology transfer agreements
30/04/2014

On 29 March 2014, the European Commission adopted a revised competition regime for technology transfer agreements.

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Mr. Eric Perru

PROJET DE LOI : LUTTE CONTRE LE RETARD DE PAIEMENT DANS LES TRANSACTIONS COMMERCIALES.
05/07/2012

Le 25 mai dernier a été déposé à la Chambre des Députés le projet de loi 6437 concernant la lutte contre le retard de paiement dans les transactions commerciales, portant transposition de la Directive 2011/7/UE du Parlement européen et du Conseil du 16 février 2011 concernant la lutte contre le retard de paiement dans les transactions commerciales1 et portant modification de la loi modifiée du 18 avril 2004 relative aux délais de paiement et aux intérêts de retard.

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