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Italian PM on Brexit: the agreements must be maintained
Italian Prime Minister Mario Draghi said at the final press conference of the G7 summit in Cornwall on Sunday that in the negotiations between the EU and the UK “agreements are agreements and must be kept.” “There is no impression…
Italian ministers ask EU for help in managing migrant influx
Italian Interior Minister Luciana Lamorgese has called for EU help with tackling migration flows, saying that it is necessary “to carry out structural interventions in the management system of the phenomenon within the European Union.” The EU must active “concrete…
Morocco the apparent winner after migrant skirmish with Spain
Morocco appears to have triumphed in its diplomatic joust with Spain two weeks after opening its borders for thousands of migrants to cross into the Spanish enclave of Cuelta.
Briefing – Prospectuses for investors – Simplifying equity-raising during the pandemic – 01-07-2021
A prospectus is a legally required document presenting information about a company and the securities that it offers to the public or seeks to admit to trading on a regulated market. The relevant EU legislation consists of a directive, adopted in 2003, amended in 2010, and finally replaced by a regulation in 2017. Drawing up a prospectus entails time and costs, which in the current economic context may deter issuers in distress from seeking to raise new funds, in particular equity. To remedy this, the Commission proposed to amend Regulation (EU) 2017/1129. These amendments aim at creating a temporary (18 month) regime for a short-form prospectus and to simplify the procedure for issuers (so that they can rapidly raise capital), as well as to release pressure on financial intermediaries. The Commission proposal was reviewed by the co-legislators who, among other things, increased the range of those who can benefit from the regime, added elements that must appear in the recovery prospectus and increased the minimum information in the prospectus. They further amended Directive 2004/109/EC (the ‘Transparency Directive’), thus providing Member States with the option to postpone, by one year, the requirement for listed companies.
Source : © European Union, 2021 – EP
Italian and Turkish fishing boats in skirmish off Cyprus
A skirmish broke out between Turkish and Italian fishermen near the divided Mediterranean island of Cyprus on Tuesday, the Italian navy said on Tuesday (11 May). The navy said in a statement that people on board an unspecified number of…
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