A&O acts for Imperial on bond issue

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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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Thorn in my side

Andy Blake argues that first impressions are deceiving when it comes to Opra’s ruling in the Thorn pensions case The Occupational Pensions Regulatory Authority (Opra) recently ruled in a preliminary hearing that the £100m Thorn occupational pension scheme surplus be shared between the employer (now owned by Japanese heavyweight Nomura) and the scheme’s 30,000 pensioners.Much […]

Herbert Smith profits drop eight per cent

Herbert Smith has seen its profits drop by 8 per cent to £670,000 per partner, while turnover is up a respectable 10 per cent to £225m The firm’s highest earners, who last year made £870,000, will draw a profit share of £800,000 this year.

Breaking through German lines

Are US firms in Germany too cautious for their own good? Vanessa Pawsey asks whether their strategies are paying off According to rumblings along the banks of the Main, the German economy is picking up. It is still too early to say for sure, but an air of optimism is definitely creeping back into the […]

Kennedys upturn sees partners take a share in bumper profits

Kennedys turnover for 2001 has risen by 13 per cent on last year’s £24.7m The insurance litigation specialist capitalised on a year in which counter-cyclical litigation practices have come to the fore to raise fee income to £28m.Equity partners will benefit from a bumper harvest because profits are up by a huge margin. This year […]

Lewis Silkin wins World Cup finals for Newsplayer

Lewis Silkin has signed up the rights to the past 40 years of World Cup finals footage for its new media client Newsplayer International.Newsplayer has licensed all the archives of World Cup finals from footage owners such as Fifa. The firm also negotiated a further deal between Newsplayer and JVC which will distribute the footage […]

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