CJEU confirms that ‘click-wrapping’ meets the requirements of Article 23 of the Brussels I Regulation

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In El Majdoub Jaouad El Majdoub v CarsOnTheWeb.Deutschland GmbH [2015] (C-322/14) (21 May 2015) the Court of Justice of the European Union (the CJEU) ruled that the method of accepting general terms and conditions of a contract for sale (which includes a jurisdiction clause) by 'click-wrapping', complied with the formalities set out in Article 23 of the Brussels I Regulation.

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Government publishes heads of bill to provide for Periodic Payment Orders

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The Minister for Justice has published the General Scheme of the Civil Liability (Amendment) Bill 2015 to empower the courts to award Periodic Payment Orders (PPOs), instead of the current lump sum award, to catastrophically injured persons. The proposals are aimed at providing financial security to those who have been catastrophically injured and require long term care.

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The Front Page, Asset Management & Investment Funds: EU and International Developments

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On the International Front, we look at the AIFMD Q&A, UCITS and EMIR, Money Market Funds, ELTIFs, Capital Markets Union, Investment-based crowdfunding, the Fourth Anti-Money Laundering Directive and Wire Transfer Regulation, Risks and Vulnerabilities in the EU Financial System, Draft technical standards under CSDR, UCITS V, MAR, MiFID II Directive, MIFIR and Transparency Directive.

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