the Directive on services in the internal market (2006/123/EC). - With regard to the European Small Claims Procedure [VO (EC) No. 861/2007], in 2012 the Commission will publish a guide providing practical [...] the assessment and approval of information on nutritional and health claims pursuant to the Regulation on nutrition and health claims [(EC) No. 1924/2006; s. CEP Policy Brief]. – Financial services [...] energy, transport and digital. – The Commission will “of course“ (p. 7) analyse the burden for small and medium-sized enterprises (p. 7) with regard to all initiatives. ► General, horizontal initiatives
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and of the Council20 establishes a European procedure for small claims, intended to simplify and speed up litigation concerning small claims in cross-border cases, and to reduce costs. – Directive [...] injured parties with smaller claims and/or fewer resources tend to choose the forum of their Member State of establishment to claim damages (one reason being that consumers and smaller businesses in particular [...] this possibility; 4. ‘claim for damages’ means a claim for compensation of harm caused by an infringement of competition law; 5. ‘injured party’ means anyone who has a claim for damages; 6. ‘national
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s blanket approach means that even small platforms will be covered by the transparency and notification obligations although no traders are dependent on them. Small platforms will thus be subject to [...] incentive to refrain from “unfair trading practices”. Releasing small platform operators from this duty is justifiable as otherwise, small operators would bear a disproportionate burden and the deployment [...] active on their platform. (2) The right to bring proceedings before national courts ensures that a claim is possible in the EU even if an operator specifies a place of jurisdiction outside the EU. Contra:
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the European Economic and Social Committee and the Committee of the Regions - “Think Small First” - A “Small Business Act” for Europe, COM(2008)394final of 25 June 2008, the facilitation of SMEs’ [...] the claim since the costs incurred by the debtor would exceed the savings that he would otherwise obtain from free trade-credit. It also constitutes a strong incentive to creditors to claim the [...] cash flow and help more people to become entrepreneurs, in accordance with the principles of the Small Business Act2; • Facilitate the smooth functioning and the completion of the internal market via
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information about innovative technologies, potential buyers are unsure whether or not to trust the claims made about their performance. Environmental Technology Verification (ETV) addresses that problem [...] problem. It is an initiative that provides for third-party verification of the performance claims made by technology manufacturers in business-to-business relations. By issuing a Statement of Verification [...] necessary to implement ETV; and as a preliminary market support action, to facilitate the ETV access for Small and Medium- sized Enterprises. In parallel to the ETV pre-programme, the Commission has commissioned
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COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS Think Small First A Small Business Act for Europe Summary of the Impact Assessment {COM(2008) 394} {SEC(2008) [...] 2102} EN EN SUMMARY This impact assessment (IA) report accompanies the Proposal for a “Small Business Act” for Europe. This proposal is the overarching element of a package of measures intended [...] that might individually or together hamper the performance of EU SMEs. This list, which does not claim to be exhaustive, due to the wide scope and inherently interdisciplinary nature of SME policy, includes
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Union. It will contribute to strengthening of the confidence of businesses – particularly SMEs (small and medium enterprises), consumers and families to make full use of the possibilities offered by [...] hand, has little chance of blocking a debtor's bank accounts abroad to secure the payment of his claim with the same swiftness. The creditor may also have difficulties to find out the whereabouts of his [...] cross-border situations. As a result, many creditors are either unable to successfully recover their claims abroad or do not consider it worthwhile pursuing them and write them off. 2.2. Different stages
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Definitions – A “claim” is the right of a creditor against a debtor to the payment of a sum of money or to the performance of an obligation [Recital 14, Art. 2 (d)]. – An “assignment” of a claim is its voluntary [...] [Art. 2 (c)]. – “Assignments of claims” are used by companies and banks [p. 2 and 3] - in factoring, to obtain liquidity through the sale of a company’s claims to an assignee (often a bank), - in [...] use of claims (e.g. cash credited to a bank account) as financial collateral to secure a loan agreement, - in securitisation, to optimise the use of their capital by transferring multiple claims to a
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where collective claims for injunctions or damages in respect of violations of the rights granted under Union law would be relevant. (8) Individual actions, such as the small claims procedure for consumer [...] not, however, enable those who claim to have suffered detriment as a result of an illicit practice to obtain compensation. (12) Procedures to bring collective claims for compensatory relief have been [...] persons claim to have suffered harm causing damage resulting from the same illegal activity of one or more natural or legal persons; (c) ‘action for damages’ means an action by which a claim for damages
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where collective claims for injunctions or damages in respect of violations of the rights granted under Union law would be relevant. (8) Individual actions, such as the small claims procedure for consumer [...] not, however, enable those who claim to have suffered detriment as a result of an illicit practice to obtain compensation. (12) Procedures to bring collective claims for compensatory relief have been [...] persons claim to have suffered harm causing damage resulting from the same illegal activity of one or more natural or legal persons; (c) ‘action for damages’ means an action by which a claim for damages
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