Out-Law

Advantages investors might obtain by setting up operations as an ‘EU Inc.’ in Luxembourg could be eroded if the country’s policymakers decide to use powers to be given to national governments to impose controls – like online notarisation – that could slow down, and add cost to, the process.

The French Supreme Court (Cour de cassation) has confirmed that directors can be held personally liable for intellectual property (IP) infringement where their conduct amounts to an intentional criminal offence. Its judgment could make it easier for rightsholders to pursue directors and managers alongside infringing entities.

Financial institutions should review their “non-ICT” supplier arrangements to understand the extent to which these suppliers process data, ahead of new European Banking Authority (EBA) guidelines taking effect.