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Results: 1-10 of 12

Preliminary questions on inside information disclosure

  • De Brauw Blackstone Westbroek
  • -
  • European Union, Germany
  • -
  • April 8 2011

The German Bundesgerichtshof has recently referred questions to the European Court of Justice ("ECJ") on the question when (premature) information regarding an uncertain event amounts to inside information that must be disclosed to the market

The ECJ confirms that short term manipulation is prohibited

  • Herbert Smith Freehills LLP
  • -
  • European Union
  • -
  • November 17 2011

In July this year, the Court of First Instance of the Court of Justice of the European Union (the "ECJ") considered the interpretation of the market manipulation offence in the Market Abuse Directive (20036EC) ("MAD") in IMC Securities BV v Stichting Autoriteit Financiële Markten

European Court of Justice ruling in IMC Securities v AFM

  • De Brauw Blackstone Westbroek
  • -
  • European Union, Netherlands
  • -
  • October 14 2011

On 7 July 2011, the European Court of Justice ruled on the interpretation of the market manipulation prohibition in the Market Abuse Directive (20036EC), as implemented in the Netherlands in Section 5:58 paragraph 1 sub b FMSA

General counsel update: 31 May 2012

  • Herbert Smith Freehills LLP
  • -
  • Argentina, China, European Union, Hong Kong, Singapore, Spain, United Kingdom
  • -
  • May 31 2012

This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas

Inside information: the disclosure of intermediate steps

  • Field Fisher Waterhouse
  • -
  • European Union
  • -
  • September 28 2012

The European Court of Justice ("ECJ") has provided useful clarification in a recent case, Geltl v Daimler AG (C-1911), as to whether information regarding the intermediate steps leading to a future uncertain event may potentially amount to inside information which is required to be disclosed immediately to the market

Inside information disclosure in the European Union to become stricter?

  • De Brauw Blackstone Westbroek
  • -
  • European Union
  • -
  • April 25 2011

The German Bundesgerichtshof has referred questions to the European Court of Justice on the timing of inside information disclosure

United States-European Union convergence on insider trading standard

  • Richards Kibbe & Orbe LLP
  • -
  • European Union, USA
  • -
  • January 8 2010

While legal theorists have long debated the differences between U.S. insider trading law, as defined by the U.S. courts and the U.S. Securities and Exchange Commission (“SEC”), and the European Union (“EU”) Market Abuse Directive (“MAD”), a recent EU high court ruling suggests that those differences may be disappearing

Review of 2009 and preview of 2010

  • Herbert Smith Freehills LLP
  • -
  • European Union, United Kingdom
  • -
  • January 15 2010

The transition from 2009 to 2010 sees some significant legislative chapters closing, notably the Companies Act 2006, Rome I and II, the Banking Act 2009 and the Lisbon Treaty

Spector Photo Group and Van Raemdonck v Commissie voor het Bank-, Financie- en Assurantiewezen (CBFA)

  • Herbert Smith Freehills LLP
  • -
  • European Union
  • -
  • February 16 2010

The European Court of Justice (ECJ) has published its judgment in the case of Spector Photo Group and Van Raemdonck v Commissie voor het Bank-, Financie- en Assurantiewezen (CBFA

Market abuse: ECJ holds in Daimler case that steps preceding a decision may constitute inside information

  • Herbert Smith Freehills LLP
  • -
  • European Union
  • -
  • June 29 2012

In its judgment in the case of Markus Geltl v Daimler AG C-1911 yesterday, the European Court of Justice provided clarification on the requirement that information must be "of a precise nature" to be "inside information"