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eu fundamental rights December 14, 2007

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The Charter of Fundamental Rights of the EU was published in the Official Journal today (together with Explanations relating to the Charter of Fundamental Rights).

credit market turmoil December 13, 2007

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It’s like being on the other side of the looking glass: while Calculated Risk reports that people are raiding their 401(k)s “to pay bills”, it looks as though the UK Government may be going to nationalise Northern Rock (and see Peston’s Picks here on this topic).

miamibeach411.com party December 12, 2007

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In between thinking about exams and plastic snowmen and the transnational credit crunch I went to the MiamiBeach411.com seasonal party at Tuscan Steak described at Discourse.net, Sex and the Beach, Stuck on the Palmetto, Fanless, A Mom, A Blog and the Life In Between, All Purpose Dark, and Restaurant Gal.

eu: freedom of establishment v freedom to strike December 12, 2007

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The ECJ decided the Viking line case yesterday, in a rather convoluted, splitting-the-baby sort of decision (EU Law Blog says the “judgment is a rich one that rewards careful reading.”) The International Transport Workers Federation and the Finnish Seamen’s Union and Viking Line, a ferry operator, disagreed about whether Viking should be able to reflag a ferry (the Rosella) from Finland to Estonia, which would have the result of displacing the collective bargaining agreement and reduce the crew’s wages. When negotiations broke down and the FSU threatened to bring strike action, Viking went to court (initially in Finland and then later in England) to try to stop the strike action, and argued that the planned strike action would interfere with its right to establishment under Art. 43 of the EC Treaty and that it was an unlawful restriction on freedom of movement for workers and freedom to provide services under Articles 39 EC and 49 EC. The Trades Unions argued in response that the right to take collective action was a fundamental right. The English Court of Appeal made a preliminary reference to the ECJ.

The ECJ stated that collective action is in principle within the scope of Art. 43, and that:

the right to take collective action, including the right to strike, must … be recognised as a fundamental right which forms an integral part of the general principles of Community law the observance of which the Court ensures, [but] the exercise of that right may none the less be subject to certain restrictions. As is reaffirmed by Article 28 of the Charter of Fundamental Rights of the European Union, those rights are to be protected in accordance with Community law and national law and practices. In addition… under Finnish law the right to strike may not be relied on, in particular, where the strike is contra bonos mores or is prohibited under national law or Community law.

However, Art. 43 was “capable of conferring rights on a private undertaking which may be relied on against a trade union or an association of trade unions”. But “the right to take collective action for the protection of workers is a legitimate interest which, in principle, justifies a restriction of one of the fundamental freedoms guaranteed by the Treaty”. If the collective action were designed to protect jobs and conditions of employment which were in fact under threat and were proportional in respect to the threat (ie the union did not have at its disposal other means to resolve the issues which were less restrictive of the right to establishment), the national court could decide that the collective action did not violate Art 43.

Thus:

Article 43 EC is to be interpreted to the effect that collective action such as that at issue in the main proceedings, which seeks to induce an undertaking whose registered office is in a given Member State to enter into a collective work agreement with a trade union established in that State and to apply the terms set out in that agreement to the employees of a subsidiary of that undertaking established in another Member State, constitutes a restriction within the meaning of that article. That restriction may, in principle, be justified by an overriding reason of public interest, such as the protection of workers, provided that it is established that the restriction is suitable for ensuring the attainment of the legitimate objective pursued and does not go beyond what is necessary to achieve that objective.

The ITF welcomed the recognition of the right to collective action without really recognising the limiting language in the judgment. The BBC headline was “Blow for unions in EU labour row”.

virtual money in australia (not) December 12, 2007

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Today’s announcement from ASIC states:

ASIC has acted to end the sale of Virtual Money ATM cards in Australia. The cards, which operate similarly to a debit card, enabled consumers to deposit money to a local Australian bank account, for later withdrawal or transfer to another Virtual Money cardholder, anywhere in the world.
Following concerns about the operation of Texas-based Virtual Money Inc in Australia, ASIC determined that the company was selling cards to retail consumers without an Australian financial services licence (AFSL) as required by the Corporations Act.
ASIC considers products like the Virtual Money ATM card to be non-cash payment facilities; a type of financial product. People who deal in such products with Australian consumers must hold an AFSL.

miami in december December 10, 2007

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As a child in the UK, I remember reading about Christmas picnics on the beach in Australia, but I never thought I would live somewhere where a picnic on the beach in December would be possible. I know people go swimming in the Serpentine in London at Christmas, and in other parts of the UK, but that is different! I now live in Miami, where the weather (so long as we don’t have oddly timed hurricanes) is perfect in December. But all over Miami there are these inflatable snowmen and sparkly reindeer and fake snow. Merrick Park, near the Coral Gables City Hall, is “transformed into a winter wonderland”. It can’t just be for the snowbirds.

bis quarterly review – december 2007 December 10, 2007

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Is published today, 10 December.

calm during stress December 8, 2007

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Einaudi is good for times of stress (like during exams):

some eu news December 7, 2007

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â–  The EU published a press release that states that the Rome 1 Regulation on the applicable law with respect to contracts (which replaces the Rome 1 Convention) has now been approved by the Council and the Parliament.
â–  Via EU Law Blog, the Reform Treaty (Treaty of Lisbon) has been published.
â–  Scientology may be unconstitutional in Germany.
â–  This article by Graham Booth (a UK Independence Party MEP, suggests that there are recurrent errors in the recording of votes in the Parliament.
â–  2008 is th European Year of Intercultural Dialogue.

here it goes again December 7, 2007

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It’s that time of year again. We are writing, taking and grading exams. If only it were as much fun as this: