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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

Are firms being led up the garden path?

Thirty years ago, there were two ways out of law firms for partners: “They were either dismissed for incompetence or they died,” says David Dalgarno, employment partner with McDermott Will & Emery. But the massive changes undergone by City firms over the last 20 years have left their mark on the old partnership ideal. The […]

Flotation

Addleshaw Booth & Co has advised Royal Doulton on its bid to raise u31.2m through a placing and open offer. Corporate finance partner Richard Fleetwood led the deal. Freshfields acted for financial advisers Cazanove.

Bank calls up two US giants for BOC sell-off

Two Transatlantic heavyweights have been called in to advise on the joint u7.2bn takeover bid by Air Liquide and Air Products of British Oxygen (BOC). In a twist that has puzzled the two firms involved in the deal, Chase Manhattan Bank, the senior debt arranger for the $7bn (u4.4bn) financing deal, has instructed different US […]

IBM's legal chief quits to launch consultancy

IBM’s most senior UK lawyer is quitting the computer giant after 29 years to set up his own consultancy. Duncan Campbell will stand down in November from his current role as senior counsel responsible for millennium Y2K issues to IBM EMEA (Europe, Middle East, Africa). For seven years, until December 1995, Campbell was general counsel […]

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