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Financial Services Industry Court of Justice of the European Union (CJEU)

A&O Shearman

CJEU imposes limits on the validity of asymmetric EU jurisdiction clauses

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In a decision that may cause some concern, the CJEU has held that asymmetric EU jurisdiction clauses are only valid under EU law if they designate with sufficient precision the alternative jurisdictions in which proceedings...more

DLA Piper

Spain - VAT: VAT Treatment of Sale and Lease-Back Transactions Clarified- Monthly Indirect Tax Alert – January 2025

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The Spanish Tax Court clarified that a sale and lease-back transaction carried out between an entity and a bank does not qualify as a supply of goods (here Real Estate) for VAT purposes, but as a financing transaction....more

K&L Gates LLP

Brussels Regulatory Brief: September 2024

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Antitrust and Competition - The Court of Justice of the European Union Finds That the European Commission Lacks Jurisdiction to Review Transactions That Fall Below the EU and National Merger Filing Thresholds -On 3 September...more

BCLP

Unauthorised Transactions: Exclusive Application of the PSP Liability Regime

BCLP on

In a ruling dated 27 March 2024 (no. 22-21.200), the French Supreme Court (‘Cour de Cassation’) - citing European case law - held that a payment service provider can only be held liable for an unauthorised or incorrectly...more

Alston & Bird

EU’s Highest Court Issues Major AI Decision With Wide-Reaching Impact

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On 7 December 2023, the Court of Justice of the European Union (CJEU) issued an important decision on how the GDPR governs AI-assisted decisions. The case arose in the financial services context, with the court holding that...more

K&L Gates LLP

Brussels Regulatory Brief: November 2023

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Antitrust and Competition - European Commission Approves Consolidation in the Ground Transportation Sector Subject to Remedies - The companies are two global suppliers of signalling systems for mainline and urban railway...more

K&L Gates LLP

Brussels Regulatory Brief: August-September 2023

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ANTITRUST AND COMPETITION - The European Commission’s Merger Simplification Package Enters Into Force - On 20 April 2023, the European Commission (Commission) adopted a new legislative package that entered into force on 1...more

A&O Shearman

AG CJEU addresses data subject rights and automated decision-making by credit rating agencies

A&O Shearman on

The Advocate General (AG) Pikamäe of the Court of Justice of the European Union (CJEU) issued his opinions in three cases concerning the credit rating agency SCHUFA Holding AG (SCHUFA) on 16 March 2023....more

K&L Gates LLP

Brussels Regulatory Brief: January 2023

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ECONOMIC AND FINANCIAL AFFAIRS - The Bank of International Settlement’s Group of Central Bank Governors and Heads of Supervision Endorses the Prudential Standard for Banks’ Crypto-Asset Exposures - The Group of Central Bank...more

Hogan Lovells

Global Payments Newsletter, November 2020

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Key developments of interest over the last month include: Europe: The CJEU has found that (i) PSD2 does not restrict the type of terms that can be changed by tacit consent, but where the payment service user is a consumer the...more

Hogan Lovells

Payments regulatory news, November 2020 # 2

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Payment Services and Electronic Money (Amendment) Regulations 2020 published - The Payment Services and Electronic Money (Amendment) Regulations 2020 (SI 2020/1275) have been published, together with an explanatory...more

Goodwin

Financial Services Weekly Roundup: The OCC’s True Lender Test Embraces A Simplified Solution

Goodwin on

In This Issue. The Office of the Comptroller of the Currency (OCC) proposed a rule that would establish that a national bank or federal savings association is the “true lender” of a loan if, as of the date of origination, the...more

Hogan Lovells

Hogan Lovells Global Payments Newsletter - February 2017

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Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more

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