Top 10 International Law Headlines from UK During the earlier part of the financial crisis the European Commission approved State aid for troubled banks (eg Northern Rock) under “Article 87(3)(c) EC Treaty and the Rescue and Restructuring Guidelines”. The European Patent Office (EPO) are introducing further restrictions on the filing of voluntary amendments from 1st April 2010. With the global credit crunch and the ensuing contraction in international trade, many container terminal operators are seeing a dramatic decline in volume and revenue figures. Legal systems are generally limited territorially. However, over centuries, private international law has developed rules permitting judgments of one country to be recognised or enforced in other countries. In Morgan Stanley & Co International Plc v China Haisheng Juice Holdings Co. Ltd. an English court has held that an exclusive jurisdiction clause in favour of the English courts in the 2002 ISDA Master Agreement ("Master Agreement") does not extend to claims against third parties to the Master Agreement, whether affiliates of a party or otherwise. Ofcom – the UK media and communications regulator – has announced plans for the enforcement of a new law which implements regulations concerning TV-type content online. The European Commission is investigating hundreds of web sites after 55% of the sites which it initially reviewed were failing to comply with consumer laws, such as the Distance Selling Directive, E-Commerce Directive and Unfair Commercial Practices Directive. In August 2009, we published a Law-Now article on the L’Oréal -v- eBay judgment. That case related to whether eBay should be liable for the sale of counterfeit products on its UK website, and the answer from the court was that it should not. Earlier this year, we reported that the ECJ was considering whether the UK’s stamp duty reserve tax ("SDRT") rules that levy a tax charge of 1.5% on the issue or transfer of shares into a clearance service breach EU law . The European Parliament and European Council have agreed new wording for a contentious provision in the EU Telecoms Package; it seeks to ensure that Internet users’ fundamental rights and freedoms must be respected by Member States. |