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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 hi-tech firm axes UK chief

FTSE 100 aerospace company LucasVarity’s general counsel Russell Kelley has been made redundant. The move follows the company’s takeover by US-based aerospace, automotive and systems information technology group TRW. Kelley left the company on Friday with no job to go to. TRW’s existing executive vice-president and general counsel Bill Lawrence takes over Kelley’s job. According […]

Flotations & Financing

Freshfields has advised Banco Espirito Santo on arranging a euro727m (£486.6m) commercial bank facility for the funding of the Portuguese Northern Toll Road Concession. Mota & Companhia led a number of Portuguese contractors which sponsored the project. David Winfield, banking partner at Freshfields, led a four-strong team on the deal. Company partner at Ashurst Morris […]

Irwin Mitchell launches rights practice

Irwin Mitchell is to launch what it claims is the first national human rights practice. The six-partner department will be led by Sara Leslie, head of the employment practice in the firm’s London office. It will deal with cases arising from the Human Rights Act when it comes into force at the end of next […]

Trainee barrister in High Court pay fight

A High Court action has been launched to establish whether the national minimum wage applies to trainee barristers during their pupillage. Judges have been asked to clarify whether Rebecca Edmonds, a pupil at 23 Essex Street whose first six months of pupillage was unpaid, is entitled to the minimum wage. In 1997-1998 nearly 200 pupillages […]

European Court set to overload

Recourse to the European Court of Justice (ECJ) is increasing dramatically, the European Commission has confirmed. Complaints by citizens rose 18 per cent to 1,128 in 1998 and cases brought by commission departments soared by more than half from 261 to 396 says the commission’s annual report. And the pace has picked up even more […]

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