On July 16, the European Court of Justice (ECJ) published its judgement on the adequacy of the protection provided by the European Union (EU)-United States (US) Privacy Shield (the Judgement).
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ECJ
EC Refers Spain and Slovenia to ECJ for Failure to Implement EU Directives
Posted in EU Developments, Financial Markets
On July 19, the European Commission (EC) issued a press release, announcing that it has referred Spain and Slovenia to the Court of Justice of the European Union (ECJ) for their failure to fully enact the revised Markets in Financial Instruments Directive (MiFID II) and certain MiFID II implementing legislation. The deadline for implementation by all EU member states was January 3, 2018.
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