CC sends two London lawyers to US

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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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The Gold (double) standard

How ironic. Rumours emerged last week that Herbert Smith is threatening real estate star Chris De Pury, shortly to depart to Berwin Leighton Paisner, that it will enforce part of a restrictive covenant policy that obliges departing partners to work a 12-month notice period, as well as the part that bars that person from working […]

Pensions powerhouse Sackers boosts partnership

Niche pension firm Sacker & Partners has boosted its partnership by 15 per cent, making up three partners. Sackers promoted Claire Altman, Andrew Bradshaw and Ian Cormican to the partnership, taking the firm up to 23 partners. Altman acts for employers on pension matters, Bradshaw specialises in government pension schemes and Cormican’s practice focuses on […]

Regulator boosts minimum trainee pay

The Solicitors Regulation Authority (SRA) has announced a small hike in the minimum salary firms must pay to trainee solicitors. The minimum annual salary for trainees working in London has been increased from £17,110 to £17,660 with effect from today (1 August). Meanwhile, the minimum pay for trainees working elsewhere in England and Wales has […]

Lloyds and Deutsche choose Links and Freshfields for Abbey Life

Lloyds TSB and Deutsche Bank took no chances in the latest consolidation in the financial institutions sector, by turning to their longstanding magic circle advisers. Lloyds TSB instructed Linklaters and Deutsche turned to Freshfields Bruckhaus Deringer on the deal, which saw the German bank buy closed life fund Abbey Life from Lloyds TSB subsidiary Scottish […]

Addleshaws loses IP partner as FFW swoops

Field Fisher Waterhouse (FFW) has boosted its IP litigation practice with the hire of Hamish Porter, who becomes the second partner to leave Addleshaw Goddard this month. Porter focuses on IP litigation for media and entertainment clients and his hire takes FFW’s IP litigation team to 15 partners across Europe. Addleshaws managing partner Mark Jones […]

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