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Member News
Member News
19
Mar
By Marie-Laure Combet and Lena Boucon | Orrick
A decade ago, the European Commission conducted a thorough sectoral inquiry into the European pharmaceutical sector that identified antitrust shortcomings impeding access to more affordable and innovative medicines and treatments. Concluding this inquiry by setting priority actions for the years to come, former Competition Commissioner Kroes called for “… more competition and less red tape …” (sic).
Since this statement, there has been intense enforcement activity in the sector not only by the European Commission itself,...
18
Mar
By Len Adam, CEO | ACG Resources
The candidate experience is essential to a company’s ability to attract top talent. Unemployment is low and the competition for talent is tough, so it’s vital to get off on the right foot and create a positive impression. A lot can go wrong during the interview process, so striving for positive candidate experience is key.
Be Expedient
One of the quickest ways to lose a candidate’s interest is by taking too long. The hiring...
18
Mar
ING has been informed by the Banca d'Italia of their report with conclusions regarding shortcomings in AML processes at ING Italy. ING will analyse the findings from an inspection conducted from October 2018 until January 2019 and will discuss them further with the Banca d'Italia. In line with the enhancement programme announced last year, it is taking the necessary steps to improve processes and management of compliance risks as required by the Banca d'Italia.
In close consultation and in agreement...
18
Mar
By Mike Archer, Director Public Affairs, Strategic Communications | FTI Consulting
On Wednesday 20th March 1,000 days will have passed since the UK held an historic vote to leave the European Union. 1,000 days filled with accusations and counter-accusations; procrastination followed by sudden acceleration; anger, frustration and despair; and, of course, soundbite after soundbite. But perhaps most of all, 1,000 days of uncertainty for business and citizens across the European continent. When the headlines are written this week, will they...
15
Mar
Key Events This Week:
Third time lucky for the PM’s deal?
In what was another dramatic week in the House of Commons MPs decisively rejected the Prime Minister’s deal and on Wednesday moved to rule out a No Deal scenario in all eventualities. However, the latter was non-binding as the legal default remains that a No Deal outcome can only be removed by Westminster either voting for a Withdrawal Agreement, choosing to unilaterally revoke Article 50 or extending the negotiating...
14
Mar
By Till Steinvorth and Boris Marschall | Orrick
In a landmark judgment (Case C‑724/17, Vantaa vs. Skanska Industrial Solutions and others), the European Court of Justice (ECJ) decided on March 14, 2019 that companies cannot use corporate restructuring to escape their liability for cartel damages.
Background
The Skanska case concerned a cartel in the asphalt market in Finland. Seven companies were ultimately fined for their participation in the cartel. After the cartel became public, the municipality of Vantaa, which had bought asphalt during the cartel...
14
Mar
By TH International Trade
The Office of the U.S. Trade Representative (USTR) has released President Donald Trump’s 2019 Trade Policy Agenda and 2018 Annual Report, detailing how the Trump administration’s trade policies “are benefitting American workers and contributing to the strongest economy in decades.” Claiming that the Trump administration “inherited a significantly flawed trading system,” the report states that the administration “took immediate and decisive action to implement a new trade agenda.”
The USTR indicated that it “and other parts of the Administration...
13
Mar
By Alex Denny, Emma Vennesson, Katherine E. Newman, Philip Novak | Faegre Baker Daniels LLP
If Accrued Holidays Are Not Used, Will They Be Lost?
In the cases of Kreuziger v Berlin (C-619/16) EU:C:2018:872 and Max-Planck-Gesellschaft zur Forderung der Wissenschaften eV v Shimizu (C-684/16) EU:C:2018:874, the European Court of Justice (ECJ) considered the right to payment for accrued but untaken holidays on termination of employment under EU law. As a current EU member state, the U.K. must interpret national legislation as...
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