parliment flags

The European Commission has announced a delay to the implementation of MiFID II (the latest piece of EU legislation dealing with the regulation of investment services within Europe). MiFID II will amongst other things introduce greater regulation of certain markets where complex financial products can currently be traded with limited reporting or transparency requirements. Greater regulation of these types of trading arrangements was widely viewed as one of the key lessons learnt from the global financial crisis. On 10 February –Read More–

In order to update the legislation regarding novel food which has been in place for almost 20 years, the European Parliament adopted on November 16, 2015 a new regulation 2015/2283 in order to respond to the food industry’s wish for more unified decisions across Europe and fewer regulatory hurdles blocking innovation. The Regulation will come into force from January 1, 2018. “Novel food” is defined as any food product which was not generally consumed in the European Union before 1997 –Read More–

On the 12th of February 2016, the UK Competition and Markets Authority (CMA) fined GlaxoSmithKline (GSK) and the successor companies to Alpharma Limited around £45m in total for breaches of Chapter I of the Competition Act 1998, the prohibition against anti-competitive agreements. The case shows the continued danger in pharmaceuticals reaching settlement agreements in IP disputes with generic drug providers. The case in question relates to agreements between GSK and Alpharma, made between 2001 and 2004. The drug in question –Read More–

Introduction and Summary In January 2016 the Competition Appeal Tribunal (CAT) dealt with the first case to be brought under the new and recently introduced “fast track” competition litigation procedure under the Consumer Rights Act 2015. The new fast track procedure was designed to allow, primarily, small and medium sized enterprises to gain fast and effective relief from competition law infringements and was introduced by Section 81 and Schedule 8 of the Consumer Rights Act 2015. This amended relevant sections –Read More–