In this issue: Competition Law in Mercosur; limits on punishing of securities’ fraud and the level of protection in financial markets – the Spanish experience; Interplay between criminal and administrative Principles and Rules: nature and limits of administrative sanctions; (In)Admissibility of images taken privately as evidence in Court; Theme-Section: Digital and Competition in Digital Markets, in particular the Google case; Case-law commentary on case C-536/11 (infringement of art 101 TFEU, action for damages by third-party, National rules making access to the file subject to the consent of all parties to the proceedings, Principle of effectiveness).