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Cross border litigation between a business to which a road traffic accident victim’s claim against an insurance undertaking

Cross border litigation between a business to which a road traffic accident victim’s claim against an insurance undertaking was transferred and that undertaking: The Court of Justice clarifies the rules regarding jurisdiction.

Euro area monthly balance of payments: March 2021

Current account recorded €18 billion surplus in March 2021, down from €26 billion in previous month Current account surplus amounted to €267 billion (2.4% of euro area GDP) in 12 months to March 2021, up from €247 billion (2.1%) one year earlier In financial account, euro area residents’ net acquisitions of foreign portfolio investment securities totalled €1.1 trillion […]

The General Court annuls the Commission’s decision to approve the Netherlands financial aid for the airline KLM

The General Court annuls the Commission’s decision to approve the Netherlands financial aid for the airline KLM amid the COVID-19 pandemic on the grounds of inadequate reasoning. However, due to the particularly damaging impact of the pandemic on the Netherlands economy, the General Court suspends the effects of the annulment pending the adoption of a […]