DEAL OF THE WEEK – QAFCO

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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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News in brief

A round up of stories from the UK and around the world DLA’s Manchester office has been raided by the Serious Fraud Office (SFO) as part of an investigation into one of its long-term clients. The SFO left DLA’s office early on Tuesday morning (7 August) carrying computer equipment and more than 100 boxes of […]

A view from Moscow

Three years ago, Russia shook world financial markets when it announced that it would simultaneously default on its domestic debt, devalue the rouble and impose a debt moratorium on its residents. Before August 1998, foreign capital had been flooding into Russia, turning Moscow into a boom town for Western companies and financiers – and the […]

Orrick ramps up coastal offices with partner trio

San Francisco firm Orrick Herrington & Sutcliffe has boosted its practice on both coasts of the US with the hire of three new partners. The firm is taking on a tax partner to ramp up its New York group. Peter Connors is joining from Baker & McKenzie, where he was the former co-chair of the […]

Safeonline

Niche media firm Marriott Harrison has added fresh instructions to its work for digital risks insurer Safeonline. Building on its two-year relationship with the insurer, Marriott Harrison advised Safeonline on the investment from VeriSign Capital Management for an undisclosed amount.The deal brings together two key players from their respective fields, creating a link between a […]

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