Crying over spilt milk

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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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Web week

The Lawyer‘s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@ thelawyer. com. •What a bunch of yahoosWhen used properly, a survey can be a useful tool to illustrate public […]

Thomson Snell posts 20 per cent revenue rise

South east firm Thomson Snell & Passmore has posted a year-end turnover growth of around 20 per cent. The 35-partner firm, which has offices in Tunbridge Wells and the Thames Gateway, increased turnover by 19 per cent to £13.7m. Net profit hit £4.2m, while average profit per equity partner stood at £262,000. Thomson Snell senior […]

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A&O raids Simmons to launch in Abu Dhabi

Allen & Overy (A&O) has opened its second Middle Eastern office in a month, raiding Simmons & Simmons to launch an office in Abu Dhabi. A&O has lured Simmons’ Abu Dhabi managing partner, Ibrahim Mubaydeen, who has expertise in project finance and particularly in infrastructure and energy. He brings with him François Duquette, who is […]

Linklaters scoops malaysian sukuk

Linklaters has won a role advising on a groundbreaking sukuk in the Malaysian market. The firm advised lead arrangers HSBC and UBS on Malayan Banking Berhad’s (Maybank) $300m (£152.41m) subordinated sukuk. Linklaters also advised HSBC as the international trustee. Lead partner on the deal Luma Saqqaf, who is also global head of Islamic finance at […]

A&O’s Italian exodus continues

The Milan office of Allen & Overy (A&O) has lost yet another associate, this time to Bonelli Erede Pappalardo. Corporate/M&A associate Elena Busson has left the magic circle firm after four years to join Slaughter and May‘s Italian best friend, where she will become a senior associate. Busson is the latest in a series of […]

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