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Europe Daily Bulletin No. 12334

25 September 2019
Contents Publication in full By article 14 / 29
COURT OF JUSTICE OF THE EU / Competition
General Court annuls fine imposed on HSBC group in respect of anti-competitive practices in the interest rate derivatives sector
Brussels, 24/09/2019 (Agence Europe)

On Tuesday 24 September the EU General Court annulled the European Commission's fine of €33.606 million imposed on the HSBC group for anti-competitive practices in the interest rate derivatives sector (judgment in Case T-105/17).

In December 2016, the European Commission decided to fine Crédit Agricole, HSBC and JP Morgan Chase for agreeing on the pricing elements of interbank interest rate derivatives in the euro (EURIBOR) (see EUROPE B11684A3).

While the General Court in its judgment,...

Contents

SECTORAL POLICIES
ENERGY: majority of Member States agree to update their draft national energy and climate plans
ENERGY: use of nuclear and coal to achieve climate neutrality divides Member States
AGRICULTURE: European ministers await agreement on 2021-2027 budget before deciding on CAP
AGRICULTURE: EU Council will discuss on 14 October post-2020 CAP Strategic Plans
AGRICULTURE: EU Council says new CAP can help increase soil carbon storage
FISHERIES: Brexit - France wants to avoid a “sudden and unjustified destabilization of fishing activities”
CLIMATE: in New York, EU wanted to show that it was doing more than other major emitters
JHA: migration and fundamental rights, main work objectives of European Parliament Civil Liberties Committee
DIGITAL: CERRE calls on EU to stimulate development of digital platforms 
COURT OF JUSTICE OF THE EU
DIGITAL: EU Court of Justice limits geographical scope of right to be forgotten
STATE AID: Commission has not demonstrated existence of unfair advantage granted by Netherlands to Starbucks, according to EU General Court
STATE AID: General Court confirms Commission's decision on unlawful aid from Luxembourg to Fiat
INTELLECTUAL PROPERTY: Piaggio's appeal against registration of Chinese scooter Zhejiang by EUIPO is dismissed
COMPETITION: General Court annuls fine imposed on HSBC group in respect of anti-competitive practices in the interest rate derivatives sector
CITIZENSHIP: European Commission may consider a citizens' initiative asking it to legislate in the area of national and linguistic minorities
UKRAINE: General Court annuls EU Council's decision extending sanctions against Mr Yanukovych in 2018
POLAND: Advocate-General considers two references for preliminary rulings relating to reform of Polish judicial system as inadmissible
INSTITUTIONAL
UNITED KINGDOM: five-week suspension of British Parliament is 'unlawful', British Supreme Court ruled
INSTITUTIONAL: 2014 staff reforms have jeopardised attractiveness of EU institutions as employers, says EU Court of auditors
SOCIAL AFFAIRS
SOCIAL: European Parliament postpones its decision on regulation to coordinate social security systems
SOCIAL: MEPs question practical functioning of European Labour Authority
EXTERNAL ACTION
SUSTAINABLE DEVELOPMENT: in New York, EU and ACP countries jointly commit themselves to implement SDGs and Paris Agreement
VENEZUELA: ICG calls for resumption of Oslo negotiations
SYRIA: EU welcomes announcement of agreement on formation of Constitutional Committee
TRADE: from 1 October, European safeguard measures on steel will be adjusted
NEWS BRIEFS
DEVELOPMENT: EU will contribute €2 million to International Fund for Survivors of Conflict-Related Sexual Violence
MIGRATION: Hungarian government criticises agreement reached in Malta
UZBEKISTAN: EIB and Tashkent sign Memorandum of Understanding for investment of EUR 100 million
TRANSPORT: MEPs ready to start negotiations with Council of EU on mobility package