Businesses hit by the economic crisis will be thrown a lifeline under a new proposal from the European Commission today to modernise Europe's rules on cross-border business insolvency, helping to give otherwise viable businesses a ‘second chance'. The Commission is proposing to modernise the current rules on cross border insolvency which date from 2000.
TCAs: no need for new EU initiatives in the field, say SMEs - UEAPME replied to a public consultation by the European Commission on the future of transnational company agreements (TCAs), i.e. cross-border agreements covering working and employment conditions and/or relations between employers and workers or their representatives. According to UEAPME, there is no need for further initiatives on this issue at European level.
European Union regulators proposed stricter health warnings on cigarettes in the latest bid to curb smoking in Europe, where tobacco-related illnesses are estimated to kill one person every minute. The European Commission drafted legislation to require that all cigarette packages feature a combined pictorial and text alert covering three-quarters of the front and back. Under current EU rules, anti-smoking images on packages are optional while text warnings are mandatory.
During this period, the Commission will launch a Green Paper (framing questions and calling for policy or legislative options) and carry out an impact assessment involving 5 Commission DGs. Also DG COMP has announced a major study to collect evidence on the impact of recent retail developments on consumer choice and innovation while DG MARKT is launching its study on national legal systems covering B2B relations.