Firms or citizens recovering debts across EU borders could be able to get the debtor's bank account frozen under a draft law agreed with Council and endorsed by legal affairs MEPs on Tuesday. The European Account Preservation Order (EAPO) should be quicker and cheaper to use than national proceedings. The EP amended the proposal to prevent abuse and safeguard alleged debtors.
The priorities of the Greek Council Presidency are being outlined to the various parliamentary committees by Greek ministers, from 16 to 23 January. This text will be updated daily.
A draft agreement between Parliament and Council on legislation to open up the EU audit services market beyond the dominant "Big Four" firms and remedy auditing weaknesses revealed by the financial crisis was endorsed by the Legal Affairs Committee on Tuesday. The draft also aims to improve audit quality and transparency and prevent conflicts of interest.
Large companies would be obliged to disclose information on their environmental, social and employee-related impact under a draft law on non-financial reporting approved by Legal Affairs Committee on Tuesday. Disclosure should make them more accountable to investors, consumers and civil society, and help them to manage risks more effectively, say MEPs, who also call on the Commission to consider proposing requirements in 2018 for country-by-country reporting on profits, taxes and subsidies.
Legal Affairs MEPs on Tuesday endorsed the EP deal with member states to make it easier for online providers to obtain copyright licenses to stream music across EU borders. The draft law aims to encourage the creation of EU-wide online music services for consumers and ensure that creators' rights are better protected and their royalties are paid promptly.
On-line music service providers will be able to get licenses more easily under a provisional deal struck by Parliament and Council negotiators on Monday evening. The new rules are intended to stimulate the creation of EU-wide online music services for consumers and ensure that creators' rights are better protected and their royalties are paid more quickly.
EU firms could trade more easily in other member states and cross-border shoppers would be better informed of their rights under the proposed Common European Sales Law backed by the Legal Affairs Committee on Tuesday. The new law would lay down optional EU-wide rules for purchases from other member states.
The following is a summary of the priorities of the Lithuanian Council Presidency outlined to the different parliamentary committees by Lithuanian ministers this week, from 8 to 12 July. This text is going to be updated daily
On-line music service providers will get licenses more easily and musicians will receive royalties more quickly, enabling consumers to enjoy a wider range of music on-line, under rules approved on Tuesday by the Legal Affairs Committee.
Large extractive companies dealing with oil, gas and minerals will be obliged to disclose full details of their payments to national governments for every project that they operate, under a deal between Parliament and Council negotiators backed on Thursday by the legal affairs committee. The aim is to make companies dealing with strategic resources and national governments more accountable.