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The latest news and analysis about legal developments, policy makers and associations.
EU agrees on common rules for travel restrictions due to Covid-19
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 Commission.
Global talks on digital tax prolonged to 2021
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 ...
U.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
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.
Novartis, Roche, Genentech fined €444.85 million in France in AMD treatment case
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 macular degeneration (AMD).
Essilux to appeal Dutch court ruling on GrandVision
EssilorLuxottica has decided to file an appeal against a judgment dismissing its request for disclosure of information from GrandVision.
EssilorLuxottica ready to pursue lawsuit against GrandVision after losing first round
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.
German optics industry calls for stripped-down free trade deal between U.K., EU
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.
ABG, SPARC picked to buy Brooks Brothers for $325 million
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 a going ...
EssilorLuxottica has secured trade data held by GrandVision
EssilorLuxottica has secured information stored on servers managed by GrandVision in connection with legal proceedings involving the two companies.
GrandVision starts arbitration proceedings against EssilorLuxottica
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.