£700m Abacha dispute finally gets to be heard

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Latest Briefings

European Court of Justice voids European Commission’s decision to grant state aid authorisation for UK’s capacity market scheme

By Maria Connolly The ECJ found that the Commission had granted approval in 2014 after just a month long preliminary examination and had failed to take full account of objections raised. The Commission must now undertake a full investigation of the scheme before granting state aid approval.  It may emerge that changes to the scheme […]

Bulgarian pension funds: New opportunities for banks to enter into repo transactions and derivatives

By Tsvetan Krumov The amendments provide new business opportunities to banks to enter into repo transactions and derivatives with Bulgarian pension funds. There are various types of private social security funds under Bulgarian law depending on the social security risks they cover. However, as the regime for derivatives and repo transactions is identical for all […]

Amsterdam District Court: Museum Map Foundation must provide data to tax authorities on museum visits

By Anke Holtland Yesterday, the Amsterdam District Court ruled in summary proceedings that the Museum Map Foundation must provide data to the tax authorities on museum visits by one specific museum card holder. What was going on? The Tax and Customs Administration demanded the information about museum visits from one specific museum card holder for the period 2014 to […]

Rules and weightings for 4th Dutch Offshore Wind tender (HKZ III&IV)

By Roland de Vlam, Redmar Damsma With the tender for the Hollandse Kust Zuid III & IV offshore wind sites in Q1 2019 rapidly approaching, potential contesters and other interested parties are awaiting the publication of the definitive version of the Ministerial Regulation holding the rules and weightings related to the tender procedure and criteria […]

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TMT deals round-up

Bird & Bird’s office in the Hague (Armand Killan, Harry Rek) has signed a cooperation agreement with the European Space Agency which will see the firm advising on the commercial use of the International Space Station. Masons’ AIM team, headed by Russell Booker, advised chemical genomics business VASTox on its admission to AIM in London. […]

Balancing tact

Back at Clifford Chance, the magic circle firm and mid-size rival Berwin Leighton Paisner (BLP) must have spent an extortionate number of hours at the negotiating table last week, as it appears a fair trade has been made between the two firms. While BLP is crowing about its success in tempting real estate stalwart Robert […]

Piper and DLA put capital markets at top of agenda

Merger suitors DLA and Piper Rudnick have issued a battle cry to finance practices in London and New York after announcing plans to attack capital markets following their anticipated December merger. Management from both firms last week revealed plans to target corporate finance and capital markets in both New York and London. It is understood […]

Rental market saturates as top City firms try to offload space

A slew of law firms has returned excess office space to the rental market while rental prices are still rock-bottom, after overestimating their spatial needs. Hammonds is trying to sublet 10,000sq ft at Devonshire Square, while Freshfields Bruckhaus Deringer wants to offload 17,900sq ft over three floors at 22 Tudor Street. The Freshfields space was previously sublet to Berwin […]

CMS signs up Spanish alliance member

CMS has finally plugged a gap in its European coverage after signing Spanish corporate and finance specialists Albinana Suarez de Lezo (ASL) as an alliance member. The firm formally acceded to the alliance late last month will practice under the CMS banner from January 1, 2005. Headquartered in Madrid, ASL has offices in Seville and […]

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