ECB provides additional details on purchases of assets with yields below the deposit facility rate

ECB extends possibility of buying assets with yields below deposit facility rate to all private sector purchase programmes Decision takes immediate effect Extension facilitates smooth implementation of asset purchase programme The Governing Council of the European Central Bank (ECB) today decided to extend the possibility of buying assets with yields below the interest rate on […]

ECB introduces two-tier system for remunerating excess liquidity holdings

Two-tier system aims to support bank-based transmission of monetary policy Part of excess liquidity holdings exempt from negative deposit facility rate Scheme to apply as of seventh maintenance period starting on 30 October 2019 Exempt tier will be remunerated at the annual rate of 0% The Governing Council of the European Central Bank (ECB) today […]

ECB announces changes to new targeted longer-term refinancing operations

nterest rate on TLTRO III operations to be reduced Rate can be as low as the average interest rate on deposit facility Maturity extended to three years, from two years, with repayment option after two years The Governing Council of the European Central Bank (ECB) today decided to modify some of the key parameters of […]

Copyright protection may not be granted to designs on the sole ground that, over and above their practical purpose, they produce a specific aesthetic effect

The Supremo Tribunal de Justiça (Supreme Court, Portugal) has before it a dispute between Cofemel – Sociedade de Vestuário, SA (‘Cofemel’) and G-Star Raw CV (‘G-Star’), two companies which are both active in the sector of design, production and sale of clothing. The dispute concerns compliance with copyright claimed by G-Star, which accuses Cofemel of […]

A German provision prohibiting internet search engines from using newspaper or magazine snippets without the publisher’s authorisation must be disregarded in the absence of its prior notification to the Commission

VG Media, a German copyright management organisation, brought an action for damages against Google before the Landgericht Berlin (Regional Court, Berlin, Germany) claiming that Google infringed rights related to copyright of some of its members, namely publishers of newspapers or magazines. It claims that since 1 August 2013 Google has used, on its search engine […]