Incorporating issues such as corporate governance, migration of companies, competition policy, social policy, tax policy and doing business with the public sector, EU commercial law examines each from the perspective of cross-border corporate management.
For example, the issue of competition is crucial to commercial law in the EU. According to Trancs: "The source of laws governing competition for the EU is embodied in the Treaty on European Union, as amended by the Treaty of Amsterdam, signed on Oct. 2, 1997. Article 81 of the treaty governs agreements between, or practices of, two or more parties acting together that have as their object or effect the restriction of competition in the EU. Article 82 governs abusive business conduct of a single party in a dominant market position."
EU competition laws apply wherever the conduct, agreement, concerted practice or abuse of dominant position could potentially affect trade between member countries (Trancs, 2000). If there...
European Union Regulations EU law is used as a source of law to member states of the union. Article 288 of the (TFEU) states that, regulations expressed to have 'general application' means that it creates binding obligations to legal practitioners within the jurisdiction of the union. They create general law with the potential of affecting anyone who is within the reach. The EU law takes the nature of direct effect, which
1). Prior to market introduction of a GMO for commercial use in any part of the EU, notification must be sent to the competent member state authority where the GMO will be released (Council Directive 90/220/EEC, art. 11 (1)). Notification must include a risk assessment with information necessary for evaluating the foreseeable risks posed by the GMO to human health or the environment, to which the competent authority will
European Union - Business in Europe European Union * Competitive advantages of a European area in a chosen Industry and Porter's Five Forces * Personal impressions and reflections on what was learned? The European Union is made up of several countries, and all these countries have one single aim, which is to promote and develop business relationships within Europe and also with the rest of the world, in today's world of globalization. When one wishes
political framework of EU and OCT European Union (EU) and Overseas Countries and Territories (OCTs) are in association with each other via a system which is based on the provisions of part IV of the Treaty on the Functioning of the EU (TFEU), consisting of detailed rules and measures which are laid down in the document issued on 27th November 2001 title Oversees Association Decision. The expiry date of this
(Jordans, 2008) "Europe's unilateral approach will only lead to legal battles and trade wars," Bisignani also stressed. (Jordans, 2008) a hint of this contention occurring in the future was evidenced recently when 27 nations, including the U.S., China and 25 other countries, registered opposition to the EU's attempt to include commercial airlines in its cap-and-trade program by supporting an ICAO-run program. This signal confirmed united opposition to the European
This development approach, by the European Union, is similar to the Bretton Woods institutions' 'Washington consensus', which was developed in the latter half of the 1980s, following "several severe balance of payments crises of developing countries" (Nienhaus, 2002, p. 55). The European Union does not favor indiscriminate opening of markets, but rather it looks for more liberal trade arrangements with developing countries and the European Union solely. This policy
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