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Latest Briefings

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 […]

Recommended

Commission ploughs £3m into legal aid

The Legal Services Commission is making a further 100 grants available to help fund future legal aid solicitors. Each grant could be worth up to £30,000, meaning the total cost be almost £3m. The grants will cover the tuition fees of students on the Legal Practice Course (LPC), as well as 75 per cent of […]

Shearman, CC scoop leads in Nokia’s Siemens deal

Shearman & Sterling and Clifford Chance have bagged the key roles on the €16bn (£10.97bn) merger of Nokia and Siemens’ network businesses. The two companies will form a 50-50 joint venture called Nokia Siemens Networks, with predicted sales of E16bn and cost savings of €1.5bn (£1.03bn) a year by 2010. The new company will employ 60,000 people […]

Separated at birth

It’s summer so it must be Big Brother. Sadly, this year it’s even more inescapable than ever, with countless hugely annoying contestants and wall-to-wall coverage 24 hours a day, probably until Christmas. Mrs Tulkinghorn is in reality TV heaven. Talking of annoying contestants, none has been more unpopular than this year’s first evictee, Sezer. The […]

Orrick boosts Rome with Pocci takeover

Orrick Herrington & Sutcliffe has absorbed boutique Studio Legale Pocci to bolster its corporate practice in Rome. Sole practitioner Marco Pocci joins with one associate and brings clients such as Buena Vista Hospitality Group and transport company Omnialogistic. Pocci is dual Italian/UK qualified and has experience working in Hong Kong for Barlow Lyde & Gilbert. […]

Firm friends

Reed Smith and Richards Butler say they will succeed where other US-UK mergers have failed. But only one man can pull it off Just five years ago, in 2001, Pittsburgh firm Reed Smith had 594 lawyers, who brought in $193m (£104.89m), with an average profit per equity partner (PEP) of $335,000 (£182,000). By January 2007, […]

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