News

Markets in financial instruments, Definition of ‘regulated market’, Directive 2004/39/EC, Judgment of the Court of Justice EU (Fourth Chamber) 16 November 2017

(Reference for a preliminary ruling — Directive 2004/39/EC — Markets in financial instruments — Article 4(1)(14) — Definition of ‘regulated market’ — Scope — System in which the participants are brokers representing investors and ‘open end’ investment fund agents required to execute orders relating to their funds) In Case C 658/15, REQUEST for a preliminary ruling under Article 267 TFEU from the College van Beroep voor het Bedrijfsleven (Administrative Court of Appeal for Trade and Industry, Netherlands), made by decision of 2 December 2015, received at the Court on 7 December 2015, in the proceedings omitted v omitted, THE COURT (Fourth Chamber),     having regard to the written procedure and further to the hearing on 1 February 2017, after considering the...

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Company law, Takeover bids, Directive 2004/25/EC, Judgment Court of Justice EU, (Third Chamber) 20 July 2017

(Reference for a preliminary ruling — Company law — Directive 2004/25/EC — Takeover bids — Second subparagraph of Article 5(4) — Possibility of changing the price of the offer in specific circumstances and according to clearly determined circumstances and criteria — National law providing an option for the supervisory authority to increase the price of a takeover bid in the event of collusion between the offeror or the persons acting in concert with it and one or more sellers) In Case C 206/16, REQUEST for a preliminary ruling under Article 267 TFEU from the Consiglio di Stato (Council of State, Italy), made by decision of 10 November 2015, received at the Court...

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Public service contract, Partnership ‘Agricultural Productivity and Sustainability’, Judgment of the Court of Justice of the European Union (Fifth Chamber 19 October 2017 

(Appeal — Non-contractual liability of the European Union — Public service contract — Operational technical assistance to set up and manage a network facility for the implementation of the European Innovation Partnership ‘Agricultural Productivity and Sustainability’ — Rejection of a tenderer’s bid — Abnormally low bid — Adversarial procedure) In Case C 198/16 P, APPEAL under Article 56 of the Statute of the Court of Justice of the European Union, brought on 8 April 2016, omitted, established in Brussels (Belgium), represented by appellant, the other party to the proceedings being: European Commission, represented by...

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EU trade mark, Civil actions on the basis of EU trade marks and national trade marks, One action based on a national trade mark followed by another based on an EU trade mark, Judgment of the Court of Justice EU (Second Chamber) 19 October 2017

(Reference for a preliminary ruling — Regulation (EC) No 207/2009 — EU trade mark — Article 109(1) — Civil actions on the basis of EU trade marks and national trade marks — Lis pendens — Meaning of ‘same cause of action’ — Use of the name ‘...

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Definitive anti-dumping duty, Implementing Regulation (EU) no. 1238/2013, Judgment of the Court of Justice EU (Ninth Chamber) of 9 November 2017

(Appeal — Dumping — Implementing Regulation (EU) No 1238/2013 — Article 3 — Imports of crystalline silicon photovoltaic modules and key components (i.e. cells) originating in or consigned from China — Definitive anti-dumping duty — Exemption of imports covered by an accepted undertaking — Severability) In Case C 204/16 P, APPEAL under Article 56 of the Statute of the Court of Justice of the European Union, brought on 11 April 2016, omitted applicant, the other parties to the proceedings being: omitted, omitted, applicants at first instance, Council of the European Union, acting as Agent, defendant at first instance, European Commission, acting as Agents, omitted, interveners at first instance, THE COURT (Ninth Chamber), gives the following Judgment 1        By its appeal, …. asks the Court to set aside the order of the...

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Banking Law, Supreme Court of Cassation, Order of October 4, 2017 n. 23192/17, there is no interest to both sums and deadlines that exceed the threshold rate

With regard to mortgage contract, art 1 of Law no. 108 of 1996, which provides for the fixing of a threshold rate beyond which the agreed interests are to be regarded as usurpatory, concerns both the corresponding interest and the time-limits for interim measures (Cass 04 April 2003, No 5324). The Court of First Instance was therefore wrong to hold that the threshold rate had not been exceeded in the present case only because it would not be possible to aggregate the interest at the time of the proceedings in order to ascertain whether that rate was exceeded (Cass Ord....

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Intellectual and industrial property – EU trade mark, Judgment of the European Court of Justice, Ninth Section, 19 October 2017

(Reference for a preliminary ruling — Intellectual and industrial property — EU trade mark — Regulation (EC) No 207/2009 — Article 96(a) — Infringement proceedings — Article 99(1) — Presumption of validity — Article 100 — Counterclaim for a declaration of invalidity — Relationship between an action for infringement and a counterclaim for a declaration of invalidity — Procedural autonomy) In Case C 425/16, REQUEST for a preliminary ruling under Article 267 TFEU from the Oberster Gerichtshof (Supreme Court, Austria), made by decision of 12 July 2016, received at the Court on 1 August 2016, in the proceedings omitted v omitted, THE COURT (Ninth Chamber), after hearing the Opinion of the Advocate General at the sitting on 20 June 2017, gives the following Judgment 1        This request for a preliminary ruling...

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Community Customs Code, Non-Community goods, Customs procedure for the external Community transit, Determination of customs value, Judgment of the Court of Justice of the European Union, Fifth Chamber 9 November 2017

Reference for a preliminary ruling — Customs union — Regulation (EEC) No 2913/92 — Community Customs Code — Non-Community goods — External Community customs transit procedure — Unlawful removal from customs supervision of goods liable to import duties — Determination of the customs value — Article 29(1) — Conditions for the application of the transaction value method — Articles 30 and 31 — Choice of the method for determining the customs value — Obligation imposed upon the customs authorities to state reasons for the chosen method) In Case C 46/16, REQUEST for a preliminary ruling under Article 267 TFEU from the Augstākā tiesa (Supreme Court, Latvia), made by decision of 21 January 2016, received at the Court on 27 January 2016,...

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