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In May 2020, for the first time in its history, the Federal Constitutional Court (FCC) of Germany declared Union acts as being ultra vires. According to the FCC, the European Central Bank (ECB) and the Court of Justice of the European Union (CJEU) had acted beyond their mandates because they did...
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Die ohne Zutun der europäischen Politik vom Europäischen Gerichtshof und der Kommission betriebene „Integration durch Recht“ hat eine extensive Dynamik der Liberalisierung entfaltet. Wie lässt sich dieser Umstand erklären? Mit dieser Frage hat sich die 2008 gegründete...
Persistent link: https://www.econbiz.de/10010341785
This paper analyzes the Judgement rendered on July 15 2021 by the European Court of Justice in Case 911/19 - Fédération Bancaire Française v. Autorité de contrôle prudentiel et de résolution. The Judgment is of paramount importance: it has, indeed, the potential to affect apparently...
Persistent link: https://www.econbiz.de/10012795254
A clear trend is evolving as more and more banks and other financial institutions are being successfully sued before the civil courts of the Netherlands for breaches of their special duty of care (‘bijzondere zorgplicht'). Whereas it was initially mainly banks that had reason to worry about...
Persistent link: https://www.econbiz.de/10012429237
The Weiss affair, which culminated in the BVerfG ruling of 5 May 2020, marks a break-up point in the long-standing dialogue between the BVerfG and the CJEU. The judges in Karlsruhe refused to follow the decision rendered by the CJUE in a preliminary ruling and admonished the German parliament...
Persistent link: https://www.econbiz.de/10012431498