Croatia

Recent Articles

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  02/07/2024

  EU

  The General Court of the EU annuls the Commission decision on restructuring aid to Condor

  FR

  On 8 May 2024, the General Court of the EU annulled the Commission decision of 26 July 2021 approving restructuring aid to German airline Condor following an annulment action lodged by Ryanair. The Commission should have opened a formal procedure because of doubts about the compatibility of the aid. The General Court rejected Ryanair’s argument relating to the impact of the aid on its competitive position.BackgroundOn 26 July 2021, the European Commission authorised restructuring aid in favour of the German airline Condor. Condor provides mainly charter flights via tour operators in Germany....

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  01/07/2024

  Europe, Colombia

  Offshore Wind in Colombia – First Round gaining traction

  The first offshore wind round is the name given by Government of Colombia (“GoC”) to the first and ongoing international competitive process (the “Competitive Process”) that began on December 4, 2023, and is expected to result in the issuance of Temporary Occupation Permits (“Permits”) in maritime areas North of the Colombian Atlantic coast for the development of offshore wind energy generation projects (the “Projects”). As we will explain in further detail below, holders of the Permits will subsequently have the right to request maritime concessions.If...

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  01/07/2024

  International

  EU anti-dumping investigation of Chinese, Korean, Taiwanese, and Thai epoxy resin imports

  On 1 July 2024, the EU opened an anti-dumping investigation concerning EU imports of epoxy resins originating in the People’s Republic of China, the Republic of Korea, Taiwan and Thailand which could lead to substantial anti-dumping duties on future imports.The product under investigation for alleged dumping is products containing more than 35% by weight of epoxy resins.These are also known as "epoxide resins" or "polyepoxides" which are polymers or prepolymers containing reactive epoxy groups,based on epichlorohydrin (‘ECH’) and an aliphatic or aromatic alcoholic component...

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  26/06/2024

  International

  Updated CMS Expert Guide to Cannabis law and legislation

  CMS Expert Guide on cannabis law and legislation gives stakeholders detailed and updated information on the latest developments in cannabis regulation in key markets.  The Guide now covers 33 jurisdictions, including an additional new jurisdiction for Norway. In Norway, cannabis is classified as a narcotic drug, which in general may not be used for medical purposes. Nevertheless, some exceptions may be applied (e.g. two prescription-only medicines have been authorised in Norway, and cannabis-related medicines and products with a THC content of less than 1% that are not approved in Norway,...

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  25/06/2024

  Europe

  Market Abuse Regulation (MAR): Ensuring Fair and Transparent Markets

  Market Abuse Regulation (MAR) represents a comprehensive framework established by the European Union to prevent inter alia market manipulation, insider dealing, and unlawful disclosure of inside information. MAR came into force in 2016 and transposed into national law in Luxembourg by the law of 23 December 2016 on market abuse. Its main goal is to maintain the integrity of financial markets and bolster investor confidence by enforcing strict compliance standards and severe penalties for violations.MAR’s key components are the following:Insider Dealing: the use of inside information by a...

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  21/06/2024

  EU

  Publication of CRD6/CRR3: countdown to implementation of third country branch requirements

  On 19 June 2024, the final texts of the EU banking package known as CRD6 and CRR3 were published in the Official Journal of the European Union. As covered in our earlier update, CRD6 introduces a new, EU-wide requirement for certain “core banking services” to be provided in the EU through a third country branch or local subsidiary. The package also introduces significant new prudential supervision requirements for third country branches in the EU.In addition to implementing the final parts of the global Basel III standards for banks in the EU, the package includes a range of EU-specific...

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