European Court of Justice

Illumina Announces Decision to Divest GRAIL

Retrieved on: 
Sunday, December 17, 2023

SAN DIEGO, Dec. 17, 2023 /PRNewswire/ -- Today, Illumina, Inc. (NASDAQ: ILMN) announced that the company will divest GRAIL.

Key Points: 
  • SAN DIEGO, Dec. 17, 2023 /PRNewswire/ -- Today, Illumina, Inc. (NASDAQ: ILMN) announced that the company will divest GRAIL.
  • On December 15, the U.S. Fifth Circuit Court of Appeals issued its decision in the matter of Illumina v. the Federal Trade Commission.
  • Following a review of the Court's opinion, Illumina has elected not to pursue further appeals of the Fifth Circuit's decision.
  • As the company has previously stated, if it was not successful with either its European Court of Justice jurisdictional appeal or in a final decision of the Fifth Circuit, it would divest GRAIL.

Marchesi Frescobaldi Now Partner of The Accademia Niko Romito

Retrieved on: 
Tuesday, September 12, 2023

FLORENCE, Italy, Sept. 12, 2023 /PRNewswire-PRWeb/ -- The Marchesi Frescobaldi family wine firm has officially established a partnership with the Italian Accademia Niko Romito, thus enriching the parterre of courses, trainings, and experiences to be enjoyed by the students of the Niko Romito Group's Scuola di Alta Formazione di Cucina (Advanced Training Cooking School). Marchesi Frescobaldi, long renowned as one of the main Tuscan producers, a wine empire since over 700 years, has been the purveyor of fine wines to the leading European Courts, the English Court, and numerous Popes.

Key Points: 
  • The active participation of Marchesi Frescobaldi will make the training of Academy Niko Romito students even richer and broader, adding valuable dimensions related to history, planning skills, and sensitivity to the environment and to the local and broader communities.
  • Professional training is the focus of the Accademia Niko Romito and the future Campus Niko Romito, a hub for applied research into the future of nutrition and into innovative methodologies of food transformation.
  • Production involves exclusive pastry and bread products under the signature of Laboratorio Niko Romito (Chef Niko Romito), a portfolio designed for consumers in a home setting.
  • Design and development of a variety of food-service solutions, such as Spazio Niko Romito, Bomba Niko Romito, Alt – Stazione del Gusto.

Commerzbank with strong first half of the year – net profit increased by almost 50% to €1.1 billion

Retrieved on: 
Friday, August 4, 2023

Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.

Key Points: 
  • Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.
  • Operating expenses increased to €1.481 billion (Q2 2022: €1.423 billion) as a result of earlier increases of accruals for variable compensation and general salary increases.
  • Thanks to the positive stock market performance, the securities volume increased to €208 billion (Q1 2023: €202 billion).
  • Deposit volumes remained stable at €96 billion (Q1 2023: €95 billion), with increased interest rates gradually being passed on.

EQS-News: Commerzbank with strong first half of the year – net profit increased by almost 50% to €1.1 billion

Retrieved on: 
Friday, August 4, 2023

Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.

Key Points: 
  • Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.
  • Operating expenses increased to €1.481 billion (Q2 2022: €1.423 billion) as a result of earlier increases of accruals for variable compensation and general salary increases.
  • Thanks to the positive stock market performance, the securities volume increased to €208 billion (Q1 2023: €202 billion).
  • Deposit volumes remained stable at €96 billion (Q1 2023: €95 billion), with increased interest rates gradually being passed on.

Publications - Reports in relation with the discharge to the Other Institutions - Committee on Budgetary Control

Retrieved on: 
Tuesday, July 25, 2023

Reports in relation with the discharge to the Other Institutions

Key Points: 
  • Reports in relation with the discharge to the Other Institutions
    - 2023/2131(DEC): Reports in relation with the discharge to the European Council and Council
    - 2023/2132(DEC): Reports in relation with the discharge to the Court of Justice of the European Union
    - 2023/2133(DEC): Reports in relation with the discharge to the European Court of Auditors
    - 2023/2134(DEC): Reports in relation with the discharge to the European External Action Service
    - 2023/2135(DEC): Reports in relation with the discharge to the European Economic and Social Committee
    - 2023/2136(DEC): Reports in relation with the discharge to the Committee of the Regions
    - 2023/2137(DEC): Reports in relation with the discharge to the European Ombudsman
    - 2023/2138(DEC): Reports in relation with the discharge to the European Data Protection Supervisor
    - 2023/2139(DEC): Reports in relation with the discharge to the European Public Prosecutor's Office (the 'EPPO')

Migrant deaths at sea: the real blame lies with policies created by European states

Retrieved on: 
Thursday, July 20, 2023

In response, states have expressed shock and sadness, and have moved to prosecute smugglers associated with the journey.

Key Points: 
  • In response, states have expressed shock and sadness, and have moved to prosecute smugglers associated with the journey.
  • Greece, under whose watch the tragedy occurred, declared three days of mourning and arrested nine of the survivors, charging them with human trafficking.
  • I am a scholar with a focus on the development of international law and legal institutions in the practice of transitional justice.

Diminishing legal protections for migrants

    • As enacted, this law is quite protective, serving as a legal shield for vulnerable people.
    • For example, not all migrants qualify as refugees, who must face a “well-founded fear of persecution”.
    • The Greek coast guard and the EU border agency Frontex have been caught putting migrants out to sea.
    • For example, states have closed legal land and air routes via visa schemes and stiff penalties for airlines carrying incorrectly documented passengers.
    • Activists have asked the International Criminal Court and the Court of Justice of the European Union to review European treatment of migrants.

Weakening rule of law

    • This structure – rule of law above the state via an international rule of law system – is the model advocated for African states emerging from colonialism, and for any and all developing states engaging in global politics and commerce.
    • But European states are renouncing key elements of this rule of law structure via the illegality of their policies towards migrants.

EQS-News: Commerzbank continues to aim for a significantly higher net profit in 2023 despite additional burdens in Poland

Retrieved on: 
Friday, June 23, 2023

Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).

Key Points: 
  • Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).
  • The additional provisions in Poland will have a corresponding negative impact on Commerzbank’s operating result in the second quarter of the current year.
  • Despite this burden, Commerzbank still aims for a net result in 2023 well above that of 2022.
  • In addition, a legal solution to the foreign currency issue in Poland would be desirable.”

Commerzbank continues to aim for a significantly higher net profit in 2023 despite additional burdens in Poland

Retrieved on: 
Friday, June 23, 2023

Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).

Key Points: 
  • Overall, the provision for legal risks arising from mBank’s Swiss franc loans now amounts to a total of PLN 7.517 billion (around €1.7 billion).
  • The additional provisions in Poland will have a corresponding negative impact on Commerzbank’s operating result in the second quarter of the current year.
  • Despite this burden, Commerzbank still aims for a net result in 2023 well above that of 2022.
  • In addition, a legal solution to the foreign currency issue in Poland would be desirable.”