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Results: 1-10 of 15

Commission fines Visa 10.2 million for refusing to admit Morgan Stanley as a member

  • Bird & Bird
  • -
  • European Union, United Kingdom
  • -
  • October 31 2007

The Commission has fined Visa 10 200 000 for a serious infringement of the EC Treaty and EEA Agreement rules on restrictive business practices (Article 81 of the EC Treaty and Article 53 of the EEA Agreement

Commission approves proposed acquisition of joint control of Prisma and OeKB-V by Euler Hermes and OeKB

  • Bird & Bird
  • -
  • European Union, Germany
  • -
  • April 25 2008

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control of Prisma Kreditversicherungs AG and OeKB Versicherung Aktiengesellschaft (OeKB-V), both of Austria by Euler Hermes Kreditversicherungs-AG of Germany and Oesterreichische Kontrollbank AG (OeKB) of Austria

Commission clears proposed brokerage joint venture between French banks Société Générale and Crédit Agricole

  • Bird & Bird
  • -
  • European Union
  • -
  • February 7 2008

The European Commission has cleared under the EU Merger Regulation the proposed creation of the joint venture Newedge between the French banks Société Générale SA and Crédit Agricole Group

Commission prohibits MasterCard's intra-EEA multilateral interchange fees

  • Bird & Bird
  • -
  • European Union
  • -
  • February 7 2008

The European Commission has decided that MasterCard's multilateral interchange fees (MIF) for cross-border payment card transactions with MasterCard and Maestro branded debit and consumer credit cards in the European Economic Area (EEA) violate EC Treaty rules on restrictive business practices (Article 81

Commission clears joint ventures between Aviva and Bank Zachodni in Polish insurance sector

  • Bird & Bird
  • -
  • European Union, Poland
  • -
  • April 25 2008

The European Commission has cleared under the EU Merger Regulation the proposed creation of two new joint ventures in Poland (one for underwriting life assurance and one for underwriting general insurance) between the UK's Aviva insurance group and the Polish bank Bank Zachodni WBK S.A., controlled by the Allied Irish Banks group

Commission opens formal investigation into Italy's tax incentive to recognise hidden gains of privatised banks

  • Bird & Bird
  • -
  • European Union, Italy
  • -
  • July 12 2007

The Commission has opened under EC Treaty state aid rules a formal investigation into the provision of Italy’s 2004 Finance Law that allows former state-owned banks to release hidden capital gained during their corporate restructuring in the 1990s by paying a nominal tax of 9 in lieu of the ordinary company tax of 37.25

The Lloyds TSB and HBOS merger found to be in the public interest

  • Bird & Bird
  • -
  • United Kingdom
  • -
  • January 23 2009

The Secretary of State has given competition clearance of the Lloyds TSBHBOS merger after concluding that the merger was in the public interest, despite the OFT's report to the Secretary of State for Business, Enterprise and Regulatory Reform, finding that there was a realistic prospect that the anticipated merger will result in a substantial lessening of competition

Commission clears proposed joint venture for payment card services between First Data Corporation and Allied Irish Bank

  • Bird & Bird
  • -
  • European Union
  • -
  • February 7 2008

The European Commission has cleared under the EU Merger Regulation the proposed creation of a joint venture between First Data Corporation of the US and Allied Irish Bank

Commission initiates formal proceedings against Visa Europe Limited

  • Bird & Bird
  • -
  • European Union
  • -
  • April 25 2008

The European Commission has decided to open formal antitrust proceedings against Visa Europe Limited in relation to its multilateral interchange fees (MIF) for cross-border point of sale transactions within the EEA using Visa branded consumer payment cards, and the "Honour-All-Cards-Rule" as it applies to these transactions

Commission sector inquiry in retail banking finds major competition barriers

  • Bird & Bird
  • -
  • European Union
  • -
  • February 15 2007

After 18 months of investigation, the European Commission published its final report of its inquiry in the retail banking sector