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Ka-pi96 said:

Starting in 2015, persistent file-sharers will be sent four warning letters explaining their actions are illegal, but if the notes are ignored no further action will be taken.

Decriminalised doesn't mean legal or even "effectively legal". What this part here is saying is that it's not a criminal matter anymore - you aren't going to go to jail for filesharing or piracy.

That said, companies would still be able to sue you for copyright infringement, etc, unless I'm mistaken (which I could be - I'm no lawyer).