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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

Bakers moscow and london act on KBC buy

Baker & McKenzie acted for KBC Group on its acquisition of 92.5 per cent of Absolut Bank. The deal, which is subject to regulatory approval, values the bank at $1bn (£500m). The firm has a long history of working in the CIS since the launch of its Moscow office in 1989. The KBC deal played […]

DWS partner appointments halved from last year’s round

Denton Wilde Sapte (DWS) has promoted only 12 associates to its partnership, which is less than half the number of promotions of last year. London benefited from 10 of the new promotions, with Dubai and Cairo bagging the remaining two. Last year the firm promoted 26 associates to the partnership. DWS chief executive Howard Morris […]

Charles Russell boosts private client with promotions

Charles Russell has strengthened its private client practice with a new partner and made two promotions in real estate and corporate and commercial. While many firms have moved away from private client as a practice area, choosing to emphasise other areas such as banking and corporate, Charles Russell has adopted a different stance. Andrew Cameron […]

Schillings fails to save BP’s Browne

Schillings has been unable to save the career of Lord Browne, the chief executive of BP, who resigned yesterday after court documents revealed he had lied to a High Court judge. Lord Browne had tried to get an injunction to stop the Mail on Sunday from publishing details of his affair with Jeff Chevalier, a […]

Herbies breaks with the past to launch global push

Herbert Smith senior partner David Gold unveiled the results of his overarching strategy review at the firm’s partnership conference in Cannes last weekend (28-29 April), with international expansion the main focus. Gold is determined to make his mark on the traditionally conservative firm and with the help of management consultants has earmarked China, India, the […]

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