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Page 47 - சட்டப்பூர்வமானது செய்திமடல்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Competition authority opens gun-jumping investigation in pharmacy sector

The Commission for Protection of Competition (CPC) is investigating whether Pharmacy Janković has beached the obligation to notify the acquisition of control over a pharmacy chain in the town of Zrenjanin. Zrenjanin granted a concession to Pharmacy Janković to finance, revitalise, manage and run pharmaceutical operations for 15 years. Through this public-private partnership, Pharmacy Janković will control pharmacies in 32 locations owned by the town of Zrenjanin. The CPC will assess whether the parties breached the duty to notify this transaction. For further information on this topic please contact Srdjana Petronijević or Zoran Šoljaga at Moravčević Vojnović and Partners in cooperation with Schoenherr telephone (+381 11 320 26 00) or email (s.petronijevic@schoenherr.rs or z.soljaga@schoenherr.rs). The Moravčević Vojnović and Partners in cooperation with Schoenherr website can be accessed at

Proposed Film Act revision: investment obligation for online film providers and quotas for European films

Introduction The Film Act is under revision, with major implications for online film providers. Embedded in the Swiss cultural policy for 2021 to 2024, the current Swiss film policy is aimed at boosting the diversity and quality of film offers while strengthening Swiss film culture and preserving Swiss film heritage. As such, the Federal Council has proposed a revision of the Film Act, which is currently under discussion in Parliament. The proposed revision is groundbreaking for its inclusion of online film providers within the scope of the act. Under the revised act, companies that show films in Switzerland in their programmes or as electronic services on demand or by subscription (ESDS) must use at least 1% of their gross revenues to:

Reducing share capital: current law and expected changes

Introduction On 16 June 2020 the legislature passed draft modifications of Swiss corporate law, which would amend, among other things, substantial parts of the Code of Obligations. This marked the end of what is generally known as the large corporate law reform which officially started in 2007. Since then, numerous parts of the reform project have been buried, changed, introduced to or removed from the main part of the project to be dealt with separately. As part of the final modifications dated 16 June 2020, the provisions concerning the reduction of the share capital of Swiss corporations will be amended. The new law s entry into force has yet to be scheduled but, together with most of the new provisions, it is expected to come into force in 2022. On entry into force, the new provisions will become applicable to existing corporations. Within two years of the law coming into force, corporations articles of association and regulations must be adapted to the new law. Two years

CPC introduces pre-notification contact in merger proceedings

From 1 January 2021, the Commission for the Protection of Competition (CPC) will be available for pre-notification discussions. To this end, the CPC has published rules for such contact. The CPC's rules on pre-notification contact are a step in the right direction in implementing best European practices on merger control. Nonetheless, it remains to be seen how practical they will be for the notifying parties.

Eye-catching decision on advertising of consumer loans

The Supreme Court recently had to decide whether internet ads for consumer loans which stated a monthly rate in the main advertising text and a debit interest rate from. % p.a. depending on creditworthiness, together with an example in the footnote text, complied with the Consumer Credit Act (VKrG).(1) The VKrG implemented the EU Consumer Credit Directive (2008/48/EC), which provides strict requirements as regards the information to be given and the presentation of such information in ads for consumer credit. Pursuant to the VKrG, if interest rates or other figures relating to the costs of a loan for the consumer are stated in an ad for consumer credit agreements, the ad must contain certain standard information, including the borrowing rate and, if applicable, the amount of the instalments in a clear, concise and prominent (ie, eye-catching) way, using a representative example. This is to enable the consumer to have a complete overview of the cost burden and to compare differen

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