European Business Law 2 at TU München

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Study with flashcards and summaries for the course European Business Law 2 at the TU München

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

What is MEQR?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

What freedoms are guaranteed by the European Single Market?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

What are the Aims of European Single Market?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

When did European Convention for the Protection of Human Rights and Fundamental Freedoms come into force

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

When did EU Charter of Fundamental Rights get binding force

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

Црфе шы Most important source of EU human rights law?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

What are the Prerequisites for direct applicability of EU Primary Legislation?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

What are the consequences of directives?

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Wha are financial instruments?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

What are consequences of regulations?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

What are secondary legislations?

Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

Who is in charge of ensuring that prohibition is respected?

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Exemplary flashcards for European Business Law 2 at the TU München on StudySmarter:

European Business Law 2

What is MEQR?
Measures equivalent to quantity restrictions

European Business Law 2

What freedoms are guaranteed by the European Single Market?
free movement of goods, capital, services, labour

European Business Law 2

What are the Aims of European Single Market?
fostering competition, specialization, efficient allocation of resources

European Business Law 2

When did European Convention for the Protection of Human Rights and Fundamental Freedoms come into force
1953

European Business Law 2

When did EU Charter of Fundamental Rights get binding force
2009 with the Treaty of Lisbon

European Business Law 2

Црфе шы Most important source of EU human rights law?
EU Charter of Fundamental Rights

European Business Law 2

What are the Prerequisites for direct applicability of EU Primary Legislation?
1. Instruments of Secondary Legislation do not apply in the relevant case
2.The provision of the Primary Legislation must

=>be complete(clear & formulated sufficiently precise)

=>be unconditional

=>no further EU measures needed to give concrete form to the obligation which it defines

=>no conditions in terms of time

=>create a specific unambiguous obligation for Member States

European Business Law 2

What are the consequences of directives?
Do not have to be addressed to all Member States
Are binding as to the outcome to be achieved
Leaving choice to the Member states regarding the form and method of implementation
Useful measure to harmonize the laws within a certain area, or to introduce a complex legislative change

European Business Law 2

Wha are financial instruments?
Assets that can be traded

European Business Law 2

What are consequences of regulations?
Binding in entirety
Directly applicable in all Member States
Become part of national legal systems=>no need for transformation or adoption by national legal measures

European Business Law 2

What are secondary legislations?
Regulations
Directives
Decisions
Recommendations, Opinions

European Business Law 2

Who is in charge of ensuring that prohibition is respected?
European Commission

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