The European Commission has adopted a new draft motor vehicle block exemption Regulation, which substantially alters the current block exemption.
Source: Commission press release MEMO/02/18, 5th February, 2002; Commission press release, IP /02/196, 5th February, 2002; AFX, 6th February, 2002; Financial Times, 4th February, 2002; Financial Times, 10th January, 2002; Financial Times, 13th January, 2002; Financial Times, 16th January, 2002. Clifford Chance Email: alex.nourry@cliffordchance.com