John Grayston was quoted in an article by leading Brussels publication, POLITICO, on the issue of EU Sanctions and the implications for those wishing to challenge such decisions.
GCO is delighted to be a sponsor of the WorldECR’s 2015 Export Control & Sanctions FORUM which will be held in Washington DC on 21-22 September.
Grayston & Company is proud to be sponsoring an upcoming seminar entitled “EU Export Controls and Trade Sanctions: From Compliance to Strategy”, held by the Industrial Association of Ticinesi.
The historic agreement between Iran and the P5+1 countries to dismantle sanctions will unlock the floodgates of pent-up demand to enter the Iranian market and secure access to its oil resources.
The key word, however, is "will" as the joint agreement foresees a relaxation of sanctions leading to their final withdrawal spread out over a period of possibly 8 years or more.
John Grayston led a session on EU China Free Trade Agreement with Darrel Pearson of Bennett Jones (Toronto).
The session looked forward at the start of the EU China FTA negotiating process and compared the potential for EU China with the outcomes of the EU Canada (CETA) agreement – completed over essentially a 10 year period of negotiation but still awaiting ratification.
Giani Pandey has been invited once again to speak at the Singapore Summit on Export Controls Compliance.
Our firm is delighted to be a sponsor of The European Federation for Investment Law and Arbitration (EFILA) inaugural conference in London which will take place on 23 January 2015 (see at http://efila.org/?page_id=3298).
We are delighted to be sponsoring again the ICPA Asian conference this year in Singapore.
Full details of the event at: http://www.icpainc.org/#upcoming-conferences
The next round of sanctions have been adopted and we are now waiting for their publication. The suggestions are that more individuals, companies active in dual use products and companies in the financial services sector will be affected. This then would mark a further development of the SMART sanctions adopted at the end of July.
As we cannot yet see the new measures it is worth just noting the three key issues that should be taken into account when we finally do review the text:
The European automotive industry, in the eye of the storm of the Chinese authorities!
Since last year, Chinese regulators have launched extensive investigations into a number of large foreign groups, including pharmaceutical companies, manufacturers of infant milk or, recently, computer firms.
More recently, the powerful National Commission for Development and Reform Commission (NDRC), one of China's competition authorities, is investigating the business practices of more than 1,000 firms active in the local and foreign automotive industry, according to state media.
The DG Comp wants an ex ante control for the non controlling minority shareholding in the territory of the EU.
La Commission européenne a soumis à la consultation publique son Livre Blanc intitulé «Towards more effective EU merger control».
Elle invite les parties prenantes à s’exprimer sur plusieurs options possibles en vue de l’amélioration du règlement européen sur les concentrations 2004/139/CE sur d’une part, les participations minoritaires et d’autre part, le renvoi des affaires entre la Commission et les autorités nationales de concurrence.
I am delighted to report the publication in English of a major work on one of the most commercially important aspects of EU Customs Law: remission and repayment procedures, written by two of our colleagues Davide Rovetta and Maurizio Gambardella, and Simon van Cutsem.
The book, published by Kluwer Law International, provides an overview of how the consolidated body of EU customs legislation and case law is interpreted in various EU jurisdictions, with an in-depth focus on the particular remission and repayment procedures – from initial request to appeal.
Some 20 years ago I attended a “contentious” meeting at the European Commission with a client. After the prelims the Commission officials asked the client (in front of me) whether it would not be better to invite the lawyer to leave the room. If this was unacceptable then, today it would be unthinkable. Over the ensuing 20 years the Commission’s procedures have been strengthened, the rights of defence have been codified in the EU Charter of Fundamental rights; and the Court of Justice of the EU has made judicially clear the absolute obligations of EU institutions and Member States to respects rights of defence when EU law is in issue.
Since our last blog entry on the issue (here), the EU has adopted the Regulation imposing the EU import ban on goods and certain services from Crimea and Sevastopol. The Regulation, which came into force on 25 June 2014, contained two exceptions: (i) a grandfather clause for contracts and (ii) goods presented to the Ukrainian authorities to confirm their origin. The EU published however on the 4th of July a correction relating to the second exception.
La Commission européenne a publié le 25 juin 2014 une version révisée visant à évaluer si des accords d’importance mineure entre entreprises ne tombent pas sous le coup de l’interdiction générale frappant les pratiques anticoncurrentielles en vertu du droit de la concurrence de l’UE (article 101 §1 du TFUE).
INDEMNISATION DUE PAR LES EFFETS D’OMBRELLE SUR LES PRIX (Umbrella pricing)
La CJEU a récemment introduit un précédent notable en matière de l’application privée du droit de la concurrence. L’arrêt est remarquable car il endosse la théorie des effets d’ombrelle sur les prix et la conséquente réparation des dommages, tout en interdisant aux États membres de l’exclure catégoriquement. Dans son arrêt du 5 juin 2014 (affaire C-557/12-Kone et consorts), la CJUE constate que toute personne est en droit de demander réparation du préjudice subi lorsqu’il existe un lien de causalité entre le préjudice réclamé et l’entente en question. Ce principe donne la pleine effectivité de l’interdiction des ententes anticoncurrentielles (article 101 TFUE).
At its meeting of 23 June 2014, the Council of the European Union decided that from the 25th of June onwards goods originating in Crimea and Sevastopol may no longer be imported into the European Union, except if they have been granted a certificate of origin by the Ukrainian authorities. Furthermore, providing financial and insurance services related to the import of such goods will equally be prohibited. Such total import ban measures are relatively exceptional for the EU.