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.

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 ...

18 August 2020
ICA launches investigation into Apple and Amazon for alleged restrictions in the online sale of Apple and Beats branded products
www.twobirds.com/en/news/articles/2020/italy/ica-launches-investigation-into-apple-and-amazon

On 22 July, the Italian Competition Authority (the "ICA") announced it had opened an investigation against Apple and Amazon for an alleged violation of article 101 TFEU.

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 ...

16 December 2020
More robust procedures can be expected in Commission investigations
www.twobirds.com/en/news/articles/2020/global/more-robust-procedures-can-be-expected-in-commission-investigations

In October 2020, the General Court of the European Union (GC) issued an important decision in the joined Casino cases which promises to ensure that competition investigations will be more robust and afford greater ...

16 December 2020
Digital platforms – let the games begin!
www.twobirds.com/en/news/articles/2020/global/digital-platforms-let-the-games-begin

The spotlight remains firmly focussed on the digital platforms as we look ahead to 2021. Regulators across the Globe are expecting to have strengthened tools at their disposal alongside ex-post competition law. The ...

19 November 2020
Cross-border: Business Interruption insurance and COVID-19: the state of play in various jurisdictions
www.twobirds.com/en/news/articles/2020/global/business-interruption-insurance-and-covid-19-the-state-of-play-in-various-jurisdictions

Globally, many companies are (again) affected by significant decline in business and/or closures as a result of measures taken by governments to deal with the coronavirus. Many of these companies have some form of ...

04 February 2020
HMRC announce 'Global Day of Action'
www.twobirds.com/en/news/articles/2020/global/hmrc-announce-'global-day-of-action'

HMRC recently announced a day of action targeting suspected facilitation of tax evasion and money laundering offences which they believe amount to more than £200million in the UK alone.

16 November 2020
The CNMC investigates a potential abuse of dominant position in the Spanish natural gas market
www.twobirds.com/en/news/articles/2020/spain/the-cnmc-investigates-a-potential-abuse-of-dominant-position-in-the-spanish-natural-gas-market

Same as in many other countries, the gas sector is crucial in Spain given its strategic importance and its necessary use for many industrial and consumer applications. The Spanish Competition Authority ("CNMC") has ...

14 May 2020
COVID-19 and Diverted Profits Tax investigations
www.twobirds.com/en/news/articles/2020/global/covid19-and-diverted-profits-tax-investigations

With HMRC reportedly suspending civil investigations as a result of the COVID-19 pandemic, what steps should those taxpayers currently under or at risk of a Diverted Profits Tax ("DPT") investigation be taking now?