17 December 2019
German act to implement the 5th EU money laundering directive
www.twobirds.com/en/news/articles/2019/germany/gesetz-zur-umsetzung-der-fuenften-eu-geldwaescherichtlinie

To implement RL (EU) 2018/843 (so-called 5th EU Money Laundering Directive) the German Federal Government published – subsequent to the draft bill of the Federal Ministry of Finance – a draft legislation on 31.07.2019. ...

14 January 2019
Analysis of innovation facilitators established in the EU
www.twobirds.com/en/news/articles/2019/global/analysis-of-innovation-facilitators-established-in-the-eu

Our payments team focus in on some of the observations set out in the ESA's joint comparative analysis of the innovation facilitators in the EU.

19 December 2018
Proposals issued by the European Commission to require payment service providers to disclose VAT details
www.twobirds.com/en/news/articles/2018/global/proposals-issued-by-ec-require-payment-service-providers-to-disclose-vat-details

We analyse the European Commission's proposed amendments, which could require payment service providers (PSPs) to disclose payment transaction data to Member States.

16 November 2020
Quantification of cartel damages – first German Court recourses to freehand estimation
www.twobirds.com/en/news/articles/2020/germany/quantification-of-cartel-damages

The Regional Court of Dortmund is the first German court quantifying a cartel damage claim by estimating the amount of damage on the basis of § 287 of the Code of Civil Procedure of Germany. In contrast to the previous ...

09 December 2019
Danish Competition and Consumer Authority publishes first decision and injunction on discriminatory access to accounts maintained by a credit institution
www.twobirds.com/en/news/articles/2019/denmark/danish-competition-and-consumer-authority-publishes-first-decision-and-injunction

On 4 December 2019, the Danish Competition and Consumer Authority (DCCA) published their first decision and injunction on discriminatory access to accounts maintained by a credit institution under Article 63(1) of the ...

04 October 2019
EBA Guidelines On Outsourcing Arrangements Have Entered Into Force
www.twobirds.com/en/news/articles/2019/global/eba-guidelines-on-outsourcing-arrangements-have-entered-into-force

The guidelines on outsourcing arrangements (Guidelines) of the European Banking Authority (EBA) entered into force. The Guidelines are aimed at harmonising the framework for outsourcing arrangements for financial ...

18 June 2020
The European Commission opens formal antitrust probes against Apple in relation to Apple Pay and the App Store
www.twobirds.com/en/news/articles/2020/france/the-european-commission-opens-formal-antitrust-probes-against-apple-in-relation-to-apple-pay

While the payment sector is under the authorities’ spotlight with two on-going public consultations on payments and fintech launched by the European Commission (EC – see our alert here) and a separate consultation on ...

23 July 2019
Dispute Resolution London Update July 2019
www.twobirds.com/en/news/articles/2019/uk/dispute-resolution-london-update-july-2019

Our London disputes team is delighted to provide you with the latest edition of our Dispute Resolution bulletin featuring articles on topical dispute resolution issues, recent legal developments and an introduction as ...

03 June 2019
Baseline merges with Valeocon to bolster Bird & Bird management consulting business
www.twobirds.com/en/news/press-releases/2019/global/baseline-merges-with-valeocon

International law firm Bird & Bird today announces the merger of its Baseline consulting arm with Valeocon Management Consulting, creating one of the largest management consultancy firms linked to an international law ...

18 August 2020
UOKiK publishes its guidelines on the principles of imposing fines on managers
www.twobirds.com/en/news/articles/2020/poland/uokik-publishes-its-guidelines-on-the-principles-of-imposing-fines-on-managers

The Polish Competition and Consumer Protection Act foresees that sanctions for implementing anticompetitive agreements may be imposed on companies and their managers. Managers who intentionally permit their company to ...