Protecting the City of London? UK challenges before the Court of Justice of the European Union

Schammo, P.

Abstract

Reflects on the Advocate General's Opinion in United Kingdom v European Parliament (C-507/13), challenging measures in Regulation 575/2013 and Directive 2013/36 which cap bankers' bonuses on the basis that: (1) the provisions on which the measures were based were inappropriate; (2) they infringed the principle of legal certainty; and (3) the powers vested by the measures were ultra vires. Explains how the ruling effectively "turned on its head" a public discourse argument against the cap.

Citation

Schammo, P. (2015). Protecting the City of London? UK challenges before the Court of Justice of the European Union. The Company Lawyer, 36(3), 65-66

• Journal Article Type: Other
• Publication Date: Mar 1, 2015
• Deposit Date: Jan 14, 2015
• Publicly Available Date: Feb 27, 2015
• Journal: The Company Lawyer
• Electronic ISSN: 0144-1027
• Publisher: Sweet and Maxwell
• Peer Reviewed: Peer Reviewed
• Volume: 36
• Issue: 3
• Pages: 65-66
• Keywords: Bankers, Bonus payments, EU law, Legal certainty, Ultra vires.
• Public URL: https://durham-repository.worktribe.com/output/1118991
• Publisher URL: http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?recordid=458&searchorigin=the+company+lawyer&productid=7056