On 30 August 2016, the Body of European Regulators for Electronic Communications (“BEREC”) has published its “Guidelines on the Implementation by National Regulators of European Net Neutrality Rules“ („Guidelines“). Net neutrality has for many years been an intensively debated political issue. The way in which internet service providers (“ISPs”) may treat internet traffic is for tremendous importance both for the telecommunications sector as well as for the content and application providers (“CAPs”) who offer customer applications via the internet. The European...

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ECON (the EU Parliament’s Committee on Economic and Monetary Affairs) voted today to reject the delegated regulation (PRIIPs RTS) as proposed by the Commission on 30 June 2016. ECON claims that the proposed PRIIPs RTS contain inadequacies which could lead to a different interpretation throughout the Member States and that there is a risk that the retail investor would be misled by the information to be disclosed in the PRIIPs KID. Thus the primary goal of the PRIIPs Regulation...

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Technology services and software companies frequently face insurance issues when negotiating their intellectual property license or other services agreements, particularly in this era of data breaches and cloud computing. Numerous questions present themselves. Which party bears the risk in the event of a data breach? Does the company providing the indemnities have insurance to stand behind them? Whether your company is providing a service, engaging a vendor or negotiating a license agreement, keeping these five insurance issues top of...

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English Courts have the power to grant worldwide freezing orders. This is a powerful tool to prevent a party (the "Respondent") from dissipating their assets. Whilst the effect of a freezing order on the Respondent is usually quite clear, a question often arises about its effect on innocent third parties – for example, trustees, banks or directors of companies which the Respondent owns. Breaching an English freezing order can have serious consequences, and not just for the Respondent. Third parties...

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The EACCNY member Cost Containment Advisors is pleased to provide the following summaries of recent developments pertaining to property taxes levied in the power, energy, infrastructure and asset-intensive industry sectors. In the center of contemplation are the states Virginia, South Carolina, North Dakota, Colorado and Alaska. VIRGINIA – Supreme Court holds City of Richmond could not impose tax on natural gas consumed solely for purpose of generating electricity. Virginia Electric and Power Company operates a gas-fired electric generation station located...

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