The European Banking Authority (EBA) published its final Guidelines on the use of remote customer onboarding solutions. These Guidelines set out the steps credit and financial institutions should take to ensure safe and effective remote customer onboarding practices in line with applicable anti-money laundering and countering the financing of terrorism (AML/CFT) legislation and the EU’s...
Short-term accommodation rentals are developing fast in the EU, largely boosted by the platform economy. They bring benefits to hosts, travelers, and the broader tourism ecosystem. However, they also pose challenges, especially for local communities, which in some places are faced with less affordable housing, rising prices, or excessive tourism flows. This is why public...
The European Commission has launched today a public consultation inviting all interested parties to comment on the draft revised Market Definition Notice. Market definition is an important first step in the assessment of mergers and of most antitrust cases. It serves to define the boundaries of competition between companies. The Market Definition Notice is being revised...
EU ministers adopted a new EU law that facilitates the timely purchase of and access to medicines, vaccines, and raw materials, activates emergency funding, and enables the monitoring of production facilities when another health crisis hits. In recent months we have seen the havoc supply chain disruptions may create. Quick availability of medicines, vaccines, and...
The Digital Market Acts (DMA) has been published in the Official Journal of the European Union and will enter into force on 1 November 2022. The DMA aims to address concerns regarding “contestability” and “fairness” in the digital economy and introduces several per se prohibitions and obligations on “big tech”. DMA should create equal conditions...
On 2 June 2020, the President of the Republic of Azerbaijan approved the Laws “On Amendments to the Tax Code of the Republic of Azerbaijan” and “On Amendments to the Law of the Republic of Azerbaijan on Social Insurance” both dated May 8, 2020. The current special release provides an overview and explanation of the...