From Ars Technica UK:
Public libraries can lend out electronic books, the European Union’s highest court has ruled.
The judgment confirms the opinion of Maciej Szpunar, advocate general to the the Court of Justice of the European Union (CJEU), who said back in June that lending out e-books should be permitted in the 28-member-state bloc provided authors are fairly compensated in the same way as for physical books.
. . . .
Specifically, VOB wanted to use a “one copy, one user” model. A copy of an e-book is placed on the server of a public library, allowing a member of the public to download it. Only one copy at a time can be lent out in this way. After the lending period for the e-book expires, the downloaded copy can no longer be used by that user, but another copy can be downloaded by someone else.
Link to the rest at Ars Technica UK and thanks to Nate for the tip.