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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 […]

Recommended

US firms boost outsourcing at expense of London rivals

Morrison & Foerster’s raid on Shaw Pittman, first reported in The Lawyer last week, was the third eye-catching move into outsourcing by a US firm in the space of a year. Andrew Moyle’s departure for Latham & Watkins started the trend last year, Allen & Overy’s Lawrence Jacobs then joined Milbank Tweed Hadley & McCloy […]

Hill Dickinson posts 34 per cent hike in turnover

Hill Dickinson has recorded a 34 per cent hike in turnover for the first six months of the 2004-2005 financial year. The firm reported a six-month income of £22m, up from £14.5m for the same period in 2003-2004. Last year’s full-year turnover was £40.1m, with average profits per equity partner of £221,000. The figures mark […]

O’Melveny boosts private equity with Linklaters hire

O’Melveny & Myers is continuing its attack on the UK private equity market with the hire of Linklaters corporate tax partner Jan Birtwell. Birtwell, a ‘national’ or salaried partner in Linklaters’ London office since 2001, is joining O’Melveny’s equity partnership in early 2005. The hire is a further fillip for O’Melveny’s growing private equity practice, […]

M&AS takes on Capital Law partner

Cardiff-based M and A Solicitors (M&AS) has bagged a partner from Capital Law to build up its property practice. Jonathan Geen becomes M&AS’s sixth partner, joining at the end of a record year for the five-year-old firm. Turnover was up by more than £500,000 to £2.6m, with Geen’s hire expected to further increase income. Geen’s […]

CC capital markets partner quits for Gibson Dunn

Gibson Dunn & Crutcher is beefing up its UK capital markets practice with the hire of former Clifford Chance partner Alan Bannister. Bannister, a US-qualified lawyer, specialises in advising major investment banks and European corporates on US capital markets transactions. He joined Gibson Dunn yesterday (6 December).

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