Search Results for: Germany

BY ALAN OSBORN
POCA also contains “freestanding” reporting obligations. At present, offences arising from failure to disclose apply only to a limited number of lawyers in the “regulated sector” who give advice on financial services.

Implementation of the second directive will mean that lawyers conducting any of the activities listed in the directive will fall within its reach.…

BY ALAN OSBORN
THE NEW president of the European Commission, the former Portuguese prime minister Jose Manuel Barroso, has made clear that for the next five years at least there will be a reform-minded team at work in Brussels driven by a powerful desire to eliminate accounting fraud, inefficiency and the protection of special interests.…

BY KEITH NUTHALL
THE KEY European Commissioner for Europe’s textile industry over the next four years will be Germany’s Guenter Verheugen, the current commissioner for the enlargement of the European Union (EU). He was appointed to take office from November by incoming Commission president José Durão Barroso as enterprise and industry Commissioner, promoting manufacturing and business.…

BY KEITH NUTHALL
THE KEY European Commissioner for Europe’s fashion accessory and shoe industries over the next four years will be Germany’s Guenter Verheugen, the current commissioner for the enlargement of the European Union (EU). He was appointed to take office from November by incoming Commission president José Durão Barroso as enterprise and industry Commissioner, promoting manufacturing and business.…

Keith Nuthall
THE EUROPEAN Commission has abandoned its plan to introduce a Made in Europe label to boost European Union (EU) manufactured textile and clothing after consultations revealed opposition amongst some member states. Britain, Germany and the Netherlands, among others, were keen to retain their own national labels and there were concerns that a Made in Europe system would have proved expensive.…

BY KEITH NUTHALL
IN the age of the Euro-sceptic politician, no one can deny that European Union (EU) institutions have a lot of power, and that their authority is felt in every economic sector, including the insurance business. With European rules currently being debated that will shape the future of car insurance, for instance, it is futile to deny the industry follows EU politics as closely as it does national public affairs.…

BY ALAN OSBORN
THE EUROPEAN Commission has abandoned its plan to introduce a Made in Europe label to boost European Union (EU) manufactured clothing after consultations revealed opposition amongst some member states. Britain, Germany and the Netherlands, among others, were keen to retain their own national labels and there were concerns that a Made in Europe system would have proved expensive to administer.…

Keith Nuthall
THE EUROPEAN Commission is threatening to ask the European Court of Justice to levy daily recurring fines of Euro 1,000’s against eight European Union (EU) member countries failing to scrap bilateral ‘open skies’; deals with the USA. Despite being so ordered 18 months ago, Austria, Belgium, Britain, Denmark, Finland, Germany, Luxembourg and Sweden have maintained their agreements while the Commission negotiates an EU-wide replacement.…

BY ALAN OSBORN
If a lawyer in Germany suspects that a client engages in money laundering, there is no obligation to report this if the information is obtained in the context of judicial proceedings or in the course of ascertaining the legal position for the client.…

BY ALAN OSBORN
THE LEGAL web being cast by the European Union (EU) in the fight against money laundering is being tightened still further. A third directive has now been proposed by the European Commission that, among other things, will broaden the definition of money laundering to include not only the concealment or disguise of the proceeds of serious crimes but also the financing of terrorism with either criminal or legally acquired money.…