French Rent Reference Index Records Modest Annual Increase in Third Quarter

The French housing rent reference index (IRL) rose by 0.87 percent year on year in the third quarter of 2025, according to data released by the national statistics institute INSEE. The index reached 145.77, marking a slower pace of increase than in the previous quarter, when it climbed 1.04 percent.

This index, which serves as the official benchmark for adjusting residential rents, continues to reflect a gradual cooling in rental price growth following several quarters of steady moderation. In the French overseas departments and regions governed under Article 73 of the Constitution, the index stood at 142.97, while in Corsica it reached 141.58, both showing the same annual growth rate of 0.87 percent.

The housing rent reference index is updated quarterly and is tied to movements in consumer prices excluding tobacco and housing rents. Its evolution is directly influenced by inflation trends while remaining subject to government-imposed caps designed to protect tenants from sharp rent hikes. Between the third quarter of 2022 and the first quarter of 2024, national legislation limited annual IRL increases to 3.5 percent, with stricter limits of 2.5 percent in overseas territories and 2.0 percent in Corsica.

The latest figures show that rent indexation remains subdued, mirroring the broader slowdown in French consumer inflation. This deceleration provides some relief to households renewing leases after a period of elevated inflation in 2022–2023, when annual rent adjustments were significantly higher.

Source:Insee

Prices of Everyday Goods Rise Again in French Supermarkets

Prices for frequently purchased household items in France continued to edge higher in September, with supermarket shoppers paying on average 1.2 percent more than a year earlier, according to the latest consumer data from INSEE.

Although prices dipped slightly on a monthly basis — down 0.2 percent compared with August — the annual rate of increase accelerated for the second consecutive month, signalling ongoing pressure on consumer budgets. The trend was similar across both large supermarket chains and smaller food-focused stores, where prices rose at an annual pace of 1.2 percent, up from 1.0 percent in August.

When all types of retailers are included, the cost of regularly purchased goods increased by 1.4 percent year on year, continuing a modest but steady upward movement after a period of relative stability earlier this year.

Food and beverage prices, excluding fresh produce, recorded their sixth consecutive monthly increase, rising 1.5 percent from the previous September. Within this category, the cost of meat was up 1.1 percent, while beverages saw one of the largest gains, climbing nearly five percent. Prices for other food items, such as packaged goods and cereals, rose 0.4 percent after being almost flat in August.

Non-food household goods offered some relief. Cleaning and personal care products became slightly cheaper overall, dropping 0.7 percent in September compared with the previous month. Yet over a twelve-month period, the decline in prices slowed to one percent, indicating that the sharp deflation seen earlier in the year is easing.

The figures underline how inflation in essential consumer goods remains uneven across product categories. While energy and transport costs have been moderating, everyday expenses for groceries and beverages are still creeping higher, reflecting the lingering effects of supply chain costs and pricing adjustments by retailers.

INSEE’s next update on price trends in large retail outlets is expected in mid-November and will reveal whether the mild upturn in food inflation continues into the final quarter of the year.

Source: Insee

French Consumer Prices Edge Down in September but Inflation Shows Signs of Firming

Consumer prices in France declined by one percent in September compared with August, marking a sharp monthly fall driven largely by cheaper services during the post-summer period. Despite this drop, annual inflation edged up to 1.2 percent, suggesting that underlying price pressures remain present even as seasonal effects temporarily cool the overall index.

According to data from the national statistics institute INSEE, the fall in September followed a 0.4 percent monthly increase in August. The decline was primarily linked to lower costs in the services sector, where prices dropped by almost two percent on average. The steepest decreases were recorded in transport, particularly air travel, and in accommodation, as tourism demand eased after the summer holidays. Food prices slipped slightly after modest gains in August, while manufactured goods saw slower growth and tobacco prices remained unchanged. Adjusted for seasonal factors, overall consumer prices were stable.

On a year-over-year basis, headline inflation rose from 0.9 percent in August to 1.2 percent in September. The uptick was mainly due to stronger price growth in services and a smaller decline in energy costs. Service inflation reached 2.4 percent, up from 2.1 percent the previous month, as communication and healthcare costs increased. Energy prices were down 4.4 percent from a year earlier, compared with a six-percent drop in August, with fuel prices rising slightly amid a rebound in diesel and petrol. Electricity prices, however, continued to fall sharply, down almost 14 percent from the same period last year.

Food inflation also picked up slightly, with prices rising 1.7 percent over twelve months. Fresh products became marginally cheaper, particularly fruit, but increases in meat, dairy, bread and beverages kept the overall index higher. Manufactured goods prices fell by 0.4 percent, continuing a downward trend driven by cheaper household appliances and furniture.

Core inflation, which excludes energy and food, stood at 1.3 percent in September, a small increase from 1.2 percent in August. The harmonised European measure of consumer prices (HICP) fell by 1.1 percent month-on-month but rose 1.1 percent year-on-year, mirroring the national index.

The latest figures confirm the preliminary estimates released at the end of September and point to a mild but persistent price rise in key service categories despite easing pressures from energy and consumer goods. INSEE’s next inflation update, covering October 2025, is scheduled for release on 14 November.

UK Seeks to Modernise Design Law, Raising Debate Over Speed, Cost and Fairness

The UK Intellectual Property Office has launched a new consultation that could transform how designs are registered, challenged and protected. The proposals, now open for comment until 27 November 2025, explore whether the current fast-track registration system should be replaced by a more rigorous model involving search, examination, and formal opportunities for third parties to object.

The review follows growing criticism that the UK’s design system, while quick and inexpensive, may have become too open to abuse. Under current rules, design applications are not examined for originality or individual character before registration, which allows rapid approvals but sometimes results in weak or duplicative filings. The IPO is now considering whether it should be able to carry out discretionary checks in suspicious or borderline cases, particularly where there are signs of repeat or potentially dishonest filings.

One of the most significant ideas under discussion is the introduction of a specific “bad faith” ground in design law. This would allow the IPO to reject or cancel registrations that are made with dishonest intent, such as filing designs copied from competitors or re-filing previously invalidated material. The concept already exists in trade mark law, but would be new to the design system, which currently relies on general invalidity grounds to tackle misconduct.

Another major question is whether the UK should introduce an opposition or observation process, giving competitors and other interested parties a chance to intervene before a design is fully registered. Today, any challenge must take the form of an invalidation action, which can be costly and time-consuming. A short pre- or post-registration objection window, as seen in trade mark law, could make it easier to weed out questionable designs earlier.

At the same time, the consultation highlights the potential for the IPO to expand its design search functions. Take-up of the current optional “DF21” search service has been extremely low — only 98 requests were filed in 2023 — suggesting that applicants either find it unnecessary or lack confidence in its usefulness. Officials are now asking whether the service should be re-engineered or replaced entirely with modern, image-based or AI-driven tools.

Proponents of reform argue that the changes could improve the integrity and credibility of the design register, reducing the number of low-quality filings and making rights easier to enforce. Introducing a bad faith rule and an opposition process, they say, would deter opportunistic behaviour and bring the UK system into closer alignment with those of the EU and other major jurisdictions. More rigorous checks could also strengthen confidence among designers and investors by ensuring that registered designs genuinely meet originality standards.

However, the proposals have also raised concern among smaller businesses and individual creators who depend on the simplicity and affordability of the current model. Adding examination, opposition and redaction procedures would almost certainly increase cost and delay, potentially undermining one of the UK system’s core advantages — its speed. The administrative burden of reviewing third-party comments and managing bad-faith investigations could also strain IPO resources and create uncertainty for applicants unsure how much scrutiny their submissions will face.

Legal commentators have also questioned how feasible it will be to carry out meaningful prior-art searches, given that design novelty often depends on visual features rather than words. Developing an effective image-search infrastructure could require major investment in technology, and without it, any new examination system may remain inconsistent. Some also worry that allowing pre-registration objections could open the door to tactical challenges by established competitors seeking to slow down newcomers.

The consultation represents one of the most wide-ranging reviews of UK design law in over a decade. The government’s challenge will be to find a balance between accessibility and reliability — a system that remains open to innovation while ensuring that the designs it protects are genuine, distinctive, and created in good faith. The outcome will determine whether the UK remains a fast, flexible jurisdiction for design protection, or whether it opts for a slower but more controlled approach aligned with international norms.

Source: CMS

London’s Commercial Court Opens Up: Transparency Pilot Brings Both Promise and Peril

The Commercial Court in England and Wales is preparing to launch a six-month pilot designed to make business litigation more open to the public. The initiative aims to publish key documents from major commercial cases, marking a shift toward greater visibility in how high-value disputes are handled.

Supporters say the move will strengthen public trust in the courts and bring the justice system into line with modern expectations of openness. Critics, however, warn that it may expose sensitive commercial information, creating new risks for companies and individuals involved in complex cases.

A Move Toward Public Access

For the first time, members of the public will be able to access the main written materials used in certain commercial trials — including the arguments, witness statements and expert analyses that judges rely on to reach their decisions. The pilot is expected to run for half a year, after which the court will assess whether the initiative should become a permanent feature of civil justice.

The project builds on a growing belief that justice should not only be done, but also seen to be done. By releasing materials that would normally remain behind legal firewalls, the court hopes to improve understanding of how business disputes are resolved and make proceedings less opaque.

The Benefits: Accountability and Trust

Many legal observers welcome the pilot as a step toward a more accountable and transparent system. Making documents public could help demystify the complex world of corporate litigation and allow journalists, academics, and the wider public to better follow major cases that often involve billions of pounds.

Greater visibility could also reinforce confidence in judicial independence and fairness. When evidence and arguments are accessible, observers can see for themselves how decisions are reached, helping dispel misconceptions about bias or inconsistency. Some lawyers believe that this openness may even lead to higher standards in advocacy, as submissions will now face both judicial and public scrutiny.

The Risks: Confidentiality and Competitive Exposure

Yet the pilot is not without controversy. Business litigants often rely on the courts to protect commercially sensitive data such as pricing models, contracts, or trade secrets. Once published, such information could easily be copied, shared, or used in rival proceedings, damaging a company’s competitive position.

Another concern is the potential rise in redaction disputes, as parties seek to remove confidential details before publication. This could increase costs and slow down proceedings, undermining one of the Commercial Court’s greatest strengths — its efficiency. Smaller businesses, which may lack the resources to manage these additional layers of review, could be particularly disadvantaged.

Lawyers also warn that full disclosure might discourage open communication between clients and their legal teams. If every argument or expert report could later become public, firms may feel compelled to hold back certain details, reducing the candour that often helps courts reach fair outcomes.

A Balancing Act Ahead

The transparency pilot reflects the judiciary’s determination to modernise, but it also highlights the delicate balance between public interest and the right to confidentiality. While the court promises mechanisms for redaction or restriction, it remains to be seen how effectively these safeguards will work in practice — and whether the benefits of openness will outweigh the costs.

As the pilot begins, all eyes in the legal and corporate sectors will be on how the Commercial Court manages this new experiment. If successful, it could set a precedent for wider transparency across the English justice system. If not, it may prove to be a cautionary tale of how too much visibility can come at the expense of fairness and trust.

Source: CMS

UK Court Decision Raises Concerns Over Law Firm Staffing Practices

A recent High Court ruling has prompted widespread discussion in the legal profession about who is legally permitted to carry out litigation work within law firms. The case, Mazur & Stuart v Charles Russell Speechlys LLP, decided in mid-September 2025, found that non-qualified employees may assist with litigation but cannot themselves perform activities reserved exclusively for authorised legal professionals.

The dispute centred on whether a non-lawyer staff member within a regulated firm could legally undertake actions connected to managing court proceedings. The judgment clarified that employment by a regulated firm does not in itself grant the right to conduct litigation, a function that remains reserved to those holding specific professional authorisation under the UK’s Legal Services Act.

Legal observers say the decision has immediate implications for firms that rely heavily on paralegals, legal executives, or other non-qualified staff in high-volume practice areas such as personal injury, insurance, or consumer claims. Many of these businesses had assumed that employees could act under the firm’s authorisation provided adequate supervision was in place. The court’s interpretation, however, restricts that assumption, reinforcing that only authorised individuals can directly handle the procedural steps defined as litigation conduct.

Professional bodies and regulators have responded cautiously, with the Solicitors Regulation Authority and the Legal Services Board both acknowledging the need to review how firms structure supervision and delegation. The Chartered Institute of Legal Executives, whose members are among those most affected, has signalled it may seek reform to expand or clarify its members’ rights in this area.

For law firms, the ruling means revisiting internal compliance systems and ensuring that clear boundaries exist between staff permitted to conduct litigation and those limited to supporting roles. Insurance advisers also note that professional indemnity policies may need reassessment, particularly for firms engaged in bulk litigation, where non-lawyer staff often manage large caseloads.

Although the case was decided in England and Wales, its reasoning underscores broader questions facing the modern legal services sector: how to balance operational efficiency with the strict regulatory framework that defines who may carry out core legal functions. For now, firms are being urged to review their procedures and ensure that day-to-day practices remain aligned with the law’s reserved-activity rules.

Source: CMS

ESMA Finalises ESG Ratings Standards, Balancing Transparency with Practicality

The European Securities and Markets Authority (ESMA) has published its final draft technical standards for the forthcoming ESG Ratings Regulation, marking an important step toward the EU’s goal of bringing consistency and accountability to how environmental, social and governance ratings are produced and used across financial markets.

The regulation, due to apply from 2 July 2026, introduces a formal authorisation regime for ESG rating providers and sets common rules on transparency, governance, and the management of conflicts of interest. ESMA’s final text reflects extensive consultation with industry stakeholders and introduces several refinements designed to make compliance more practical while maintaining a high standard of oversight.

Under the final standards, firms will continue to be required to disclose their ownership structures, internal governance, and conflict-management frameworks. ESMA has nonetheless adjusted the level of detail demanded, focusing on relationships between parent companies and subsidiaries rather than every associated entity within a corporate group. To demonstrate managerial integrity, providers must still confirm that key personnel are of good repute, but the scope of evidence has been narrowed to specific financial and professional offences, and self-declarations remain acceptable when formal documentation cannot be obtained.

The authority has also softened aspects of its earlier proposals on staffing and organisational structure. Instead of listing each analyst involved in producing ratings, companies may now provide aggregated information describing team size, experience, and professional qualifications. The requirement to separate business and analytical functions remains, but ESMA now allows this to be achieved through flexible internal controls—such as access restrictions and data-protection measures—rather than prescribing physical or IT segregation.

In terms of disclosure, ESG rating providers will need to follow a harmonised reporting format when publishing key information about their methodologies, yet the presentation allows a degree of flexibility. The new templates are designed to improve comparability across the market while avoiding unnecessary administrative complexity. Providers must still outline their data sources, assumptions, and procedures for revising methodologies, ensuring transparency for users of ESG ratings but without the excessive detail initially proposed in earlier drafts.

Financial institutions and benchmark administrators that rely on ESG ratings are now reviewing their governance systems in preparation for the new regime. Legal and compliance specialists expect that firms will need to update conflict-of-interest policies, strengthen internal barriers between analytical and commercial operations, and prepare for greater scrutiny of the data and models that underpin their ratings. Although ESMA’s final version eases some obligations, the regulation is still regarded as one of the more demanding components of the EU’s sustainable-finance agenda, particularly for smaller ratings firms.

Once the European Commission endorses the technical standards, they will be submitted to the European Parliament and the Council for formal approval. With the July 2026 start date approaching, ESG rating providers across Europe are entering a decisive phase of implementation. The regulation marks a milestone in the EU’s efforts to bring structure and credibility to a sector that has become increasingly influential in shaping sustainable investment decisions.

Source: CMS

Warsaw’s Taxi Market in 2025: Expansion, Fragmentation and a Growing Fleet-Partner Model

The Polish capital’s taxi market has expanded rapidly over the past few years, evolving into one of Central Europe’s most complex and diverse transport ecosystems. While official municipal data counted nearly 59,000 taxis operating in Warsaw in 2024, the real number of drivers is likely higher due to multi-shift operations, private rentals, and ride-hailing integrations.

Unlike earlier decades, when municipal companies such as Miejskie Przedsiębiorstwo Taksówkowe (MPT) dominated the streets, the city’s taxi network today is driven by a mix of corporate fleets, independent drivers, and digital platform partners. The sale and privatization of MPT in 2021 opened the door for technology-based entrants such as iTaxi, which has since merged elements of MPT’s operations into its platform. Alongside legacy brands such as ELE Taxi, Sawa Taxi, Eko Taxi, and Opti Taxi, hundreds of smaller firms and individual operators now compete for passengers, often through multiple ride-hailing apps.

Decentralized ownership

Registry data show that no single operator controls more than a small portion of the market. In the Mazovian region alone, there are more than 13,000 registered taxi firms, representing roughly one-fifth of all Polish taxi businesses. This fragmented structure allows for competitive pricing but also complicates regulation, particularly when it comes to permits, insurance, and consumer protection.

A significant share of the industry’s vehicles are owned not by drivers but by partner companies that purchase or lease fleets and rent them out for taxi or ride-hailing work. Firms such as MB Partner, Fobest Partner, Promin Partner, GCAR, Udriver, and O! Taxi supply fully equipped cars—usually hybrids adapted for Bolt, Uber, FreeNow, or iTaxi services—under weekly or monthly rental schemes. Typical rates hover around 800 złoty per week, with maintenance, insurance, and basic servicing included. Drivers either pay a flat fee or share part of their earnings with the fleet owner.

Immigrant workforce and new entry models

These partner fleets have made taxi driving accessible to newcomers, particularly foreign residents who lack the capital to buy their own vehicles. Many immigrant drivers, including Ukrainians and other Eastern European nationals, rely on such rentals as an entry point into the market. While several companies advertise in Ukrainian and Russian, public registries do not show formal Ukrainian ownership among the major Warsaw-based rental partners.

One notable Ukrainian-founded brand active in Poland is Opti Taxi, which began in Ukraine under the Kovtun family and later expanded to Warsaw. Opti operates mainly as a booking platform rather than a fleet-rental company, but its presence illustrates the increasing cross-border integration of the regional taxi industry.

Economic footprint

With tens of thousands of licensed vehicles, thousands of self-employed drivers, and a growing number of rental intermediaries, the taxi sector forms a substantial part of Warsaw’s urban economy. The rise of the fleet-partner model mirrors global trends in flexible employment, though it also raises questions about driver security, licensing standards, and income stability.

Municipal authorities continue to monitor compliance with city taxi regulations, and competition regulators such as UOKiK have turned their attention to the broader travel and accommodation platforms linked to this ecosystem. As the Polish capital balances innovation with oversight, Warsaw’s taxi market exemplifies the shift from traditional cab ownership to a technology-enabled network of independent operators, fleet partners, and multinational digital platforms—all competing for the same passenger.

Editorial Note: The views and analysis presented in this article are forward-looking and intended for informational purposes only.

UOKiK Orders Booking.com to Improve Transparency and Offer Consumer Redress

The Polish Office of Competition and Consumer Protection (UOKiK) has issued a binding commitments decision against Booking.com, requiring the global accommodation platform to improve the clarity of information provided to users and to offer compensation to affected consumers.

The ruling, Decision No. RKR-3/2025, dated 1 August 2025, followed an investigation that found Booking.com had failed to adequately inform users whether accommodation providers were acting as private individuals or as registered businesses. UOKiK also noted shortcomings in the platform’s communication of the fact that consumer protection laws do not apply to contracts concluded with private hosts, as well as in its explanation of the division of responsibilities between Booking.com and property owners.

Under the terms of the decision, consumers who—between 1 January 2023 and up to three months after receiving Booking.com’s individual notice—have submitted or will submit complaints about missing or misleading information may be eligible for redress. Complaints should be submitted via the Booking.com Help Centre, with users encouraged to log in using their booking number and PIN code and to include the reference “UOKiK” or the decision number to help expedite the process.

The consumer benefits will vary depending on a user’s Genius programme level. Those holding level 1 or 2 status will receive a permanent one-level upgrade without having to meet the normal qualification requirements. Consumers who already hold the highest Genius level 3 status will instead receive PLN 40 in Travel Funds credited to their Booking.com Wallet, which can be used within one year for any booking where Wallet payments are accepted. The benefit is a one-off payment per eligible user, regardless of the number of bookings made during the qualifying period. Consumers who no longer have a Booking.com account may still claim the benefit, provided they create a new account within one week of receiving confirmation that compensation has been granted.

The decision also requires Booking.com to make lasting improvements to the transparency of its platform, ensuring that users can easily distinguish between business and private accommodation offers and understand their consumer-law rights. The full text of the ruling and details of the commitments are available on the UOKiK website.

Slovakia’s F-16 Modernisation Strengthens NATO’s Eastern Flank Amid Shifting Security Landscape

Slovakia’s transition to a fleet of American-made F-16 fighter jets marks a decisive step in its post-Soviet defence evolution — one that underscores both the country’s NATO commitments and its response to the rapidly changing security environment in Eastern Europe. The €1.6 billion programme, approved in 2018, will replace the retired MiG-29 aircraft and anchor Slovakia firmly within NATO’s Integrated Air and Missile Defence System (NATINAMDS).

According to the Slovak Ministry of Defence, all 14 F-16 Block 70/72 aircraft are expected to be operational by 2027, coinciding with the completion of a major reconstruction of the Sliač Air Base. Until then, the aircraft will operate from Malacky-Kuchyňa. The Sliač upgrade — Slovakia’s largest military infrastructure investment since joining NATO — is co-funded through allied programmes and designed to accommodate the security, communications, and maintenance requirements of modern NATO-standard aircraft.

President Peter Pellegrini, visiting the base in October, described the reconstruction as “an investment not only in the military, but in the future of Slovakia’s regional infrastructure.” He noted that the works were planned to allow the return of civilian operations at a later stage. The modernisation includes new taxiways, hardened hangars and rapid-response shelters for emergency readiness.

The shift to F-16s also represents a clear geopolitical realignment. After Russia’s full-scale invasion of Ukraine in 2022, Slovakia accelerated its withdrawal from reliance on Russian military systems. In 2023, Bratislava transferred its remaining MiG-29s to Ukraine, closing a decades-long chapter of technical dependence on Moscow. NATO officials have since highlighted Slovakia’s fleet upgrade as critical for strengthening the alliance’s eastern air-defence corridor.

Within NATO’s framework, Slovakia’s F-16s will participate in joint air-policing missions across Central and Eastern Europe — including Baltic and Black Sea rotations — alongside allied fleets from Poland, Romania and Hungary. Defence analysts say the aircraft’s advanced radar and surveillance systems will extend NATO’s early-warning reach over the Carpathian region, reinforcing deterrence against potential airspace violations.

Despite the programme’s strategic value, it has not been without scrutiny at home. Opposition parties have questioned rising costs and the delayed delivery schedule, which has slipped roughly two years beyond initial projections. The Ministry of Defence has attributed the delays to global supply-chain pressures and the expanded reconstruction scope at Sliač. A 2025 NATO defence readiness review, however, commended Slovakia for maintaining progress on its capability targets despite fiscal constraints.

Beyond defence implications, the F-16 deal also deepens Slovakia’s industrial ties with the United States. Several local firms are involved in maintenance, logistics and parts supply, creating what the Ministry describes as “a new long-term ecosystem for defence technology cooperation.”

When fully deployed by 2027, the F-16 fleet will not only replace outdated aircraft but also symbolise Slovakia’s full integration into NATO’s collective defence architecture. In a region where geopolitical boundaries and threats are constantly shifting, the project stands as both a strategic safeguard and a statement of Slovakia’s Western alignment.

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