All Legal & Institutional articles

  • EU - Guillaume Perigois - unsplash
    Article

    EU agrees on common rules for travel restrictions due to Covid-19

    2020-10-13T09:37:00Z

    The European Council has adopted a recommendation on a coordinated approach to travel restrictions in response to the Covid-19 pandemic. The council comprises the heads of state or government of the countries forming the European Union, as well as the president of the council and of the European ...

  • OECD
    Article

    Global talks on digital tax prolonged to 2021

    2020-10-12T17:23:00Z

    The 137 countries involved in talks on base erosion and profit shifting (BEPS) due to the digitalization of the economy have agreed to keep working towards an agreement on the taxation of digital companies by mid-2021, thus acknowledging that they will fail to strike a deal by the end of ...

  • News briefs

    TikTok ban suspended by U.S. judge

    2020-09-28T15:00:00Z

    A federal judge, Carl Nichols , has decided to suspend an executive order issued by president Donald Trump that would have banned the Chinese video sharing app TikTok from being downloaded on mobile phones in the U.S. The ban was scheduled to start from Sept. 27. TikTok ...

  • News briefs

    ​Gifts to French opticians to be forbidden

    2020-09-21T05:55:00Z

    Initially launched in 1993 in order to regulate relations between industry suppliers and health care professionals, and to ensure the independence of the latter in their choice of products offered to consumers, the so-called “antigifts” French law will be extended to opticians as of Oct. 1 this year. It will ...

  • TikTok
    Article

    U.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart

    2020-09-21T05:25:00Z

    The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok . The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to ...

  • Article

    Novartis, Roche, Genentech fined €444.85 million in France in AMD treatment case

    2020-09-09T16:20:00Z

    The French competition authority, Autorité de la concurrence , has fined the pharmaceutical groups Novartis , Roche and Genentech, a combined €444.85 million for abuse of dominant position to impose the use of the drug Lucentis over its cheaper alternative Avastin in the treatment of age-related ...

  • EssilorLuxottica logo
    Article

    Essilux to appeal Dutch court ruling on GrandVision

    2020-09-04T06:34:00Z

    EssilorLuxottica has decided to file an appeal against a judgment dismissing its request for disclosure of information from GrandVision . The company repeated that it is concerned about GrandVision’s behavior in “continuing to deny access to important information” related to its handling of the Covid-19 outbreak. “Legal ...

  • EssilorLuxottica logo
    Article

    EssilorLuxottica ready to pursue lawsuit against GrandVision after losing first round

    2020-08-25T09:51:00Z

    Yesterday, a Dutch district court rejected EssilorLuxottica ’s request to obtain information from GrandVision to determine whether the Dutch retailer had breached the terms an agreement in view of its takeover by Essilux. The court said that the large volume of corporate information that Essilux is seeking to ...

  • Brexit (Rocco Dipoppa)
    Article

    German optics industry calls for stripped-down free trade deal between U.K., EU

    2020-08-24T07:53:00Z

    Spectaris , the German industry association for optics, photonics, analysis and medical technology based in Berlin, called for a “stripped-down” free trade agreement between the U.K. and the European Union to avoid the parties failing to strike a deal, which would lead to a so-called hard Brexit. “Better a ...

  • Brooks Brothers
    Article

    ABG, SPARC picked to buy Brooks Brothers for $325 million

    2020-08-12T11:40:00Z

    The iconic American apparel group Brooks Brothers has selected Authentic Brands Group (ABG) and its partially owned retail unit SPARC as the winning bidders of a competitive sale process after they increased their offer to $325 million for the vast majority of the company’s global business operations as ...

  • EssilorLuxottica_Lenses
    Article

    EssilorLuxottica has secured trade data held by GrandVision

    2020-08-09T15:30:00Z

    EssilorLuxottica has secured information stored on servers managed by GrandVision in connection with legal proceedings involving the two companies. The Dutch eyewear retailer said that the measure was handled by an unamed independent third party. A backup of the information will be held by the third party ...

  • GrandVision_logo
    Article

    ​GrandVision starts arbitration proceedings against EssilorLuxottica

    2020-07-30T17:03:00Z

    GrandVision has initiated arbitration proceedings against EssilorLuxottica ’s claims that the Dutch retailer had breached its obligations under the co-called “Support Agreement” in managing its business during the Covid-19 pandemic. GrandVision reiterated that it strongly disagrees with EssilorLuxottica’s accusations. It added that it has initiated the arbitration to ...

  • News briefs

    EU sees trade deal with U.K. as unlikely

    2020-07-23T19:54:00Z

    Michel Barnier , the European Union’s chief negotiator for Brexit, said he views the possibility of reaching an agreement by the end of the year with the U.K. on the parties’ future trade relations as unlikely, following a new round of inconclusive talks in London. Barnier said there had ...

  • EssilorLuxottica logo
    Article

    EU suspends deadline for probe into Essilux’s takeover of GrandVision

    2020-07-23T19:51:00Z

    The European Commission has suspended the deadline for the end of an in-depth investigation into EssilorLuxottica ’s proposed €7.2 billion takeover of GrandVision , according to a filing on its website. The commission has repeatedly postponed the deadline. The last one being August 27. The proposed ...

  • Cirillo Marcolin
    Article

    ​Cirillo Marcolin takes over presidency of Confindustria Moda

    2020-07-22T07:23:00Z

    As planned, Cirillo Marcolin has taken over the rotating presidency of Confindustria Moda , the umbrella organization of the Italian fashion industry, replacing Claudio Marenzi . Confindustria Moda comprises Sistema Moda Italia (SMI), which groups the textile and apparel firms operating in the country; Assocalzaturifici , the ...

  • EssilorLuxottica logo
    Article

    EssilorLuxottica sues GrandVision over Covid-19 disclosure

    2020-07-20T05:56:00Z

    EssilorLuxottica has initiated legal proceedings before a district court in Rotterdam to obtain information from GrandVision regarding the management of its business during the Covid-19 pandemic and the extent to which it has allegedly ”breached its obligations under the support agreement.” The Franco-Italian eyewear company, which ...

  • EssilorLuxottica logo
    Article

    EU may ask Essilux to sell stores in GrandVision deal

    2020-07-14T12:54:00Z

    The European Commission may ask EssilorLuxottica to sell stores in Italy and another EU country, either France or the Netherlands, to secure its planned 7.2 billion euro acquisition of GrandVision , according to the newspaper Financial Times . But the company has not yet committed to selling ...

  • News briefs

    ​Germany increases funding for industrial research

    2020-07-14T09:05:00Z

    Following lobbying by the German industry association Spectaris and other groups, the German government has agreed to increase by €50 million funds destined to corporate industrial research to a total of €300.6 million. The money is part of a stimulus package to mitigate the impact of the coronavirus pandemic. ...

  • EssilorLuxottica logo
    Article

    The EU extends deadline for Essilux-GrandVision probe to Aug. 20

    2020-07-13T13:47:00Z

    Once again the the European Commission has pushed back the deadline for completion of its in-depth anti-trust investigation into EssilorLuxottica ’s planned €7.2 billion takeover of GrandVision, according to a filing on its website. The deadline was postponed by a week, or five working days, to Aug. ...

  • bryan-angelo-FtiXADBTqGY-unsplash
    Opinion

    Amazon and other marketplaces may be in for a reckoning over illegal sales

    2020-07-04T13:23:00Z

    Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over