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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

Philips

Philips Electronics purchases Agilent Technologies’ business Healthcare Solutions Group (HSG) for $1.7bn (£1.2bn). Philips advised by Sullivan & Cromwell (Neil Anderson) and Morgan Stanley Dean Witter. HSG advised by Freshfields Bruckhaus Deringer (Mieke Dudok van Heel) and Simpson Thacher & Bartlett.

Young & Co

Young & Co Brewery boosts portfolio with agreement to acquire 17 pubs for £5.8m from Bristol brewer Smiles Holdings. Young & Co was advised by Druces & Attlee (Wayne Smith, with Karen Chapman and Jeremy Spooner). Smiles Holdings advised by Osborne Clarke OWA (Michael O’Haire).

Rakisons and Steptoe & Johnson tie the knot

The two firms had been locked in talks for several months. The UK practice will be known as Steptoe Johnson Rakisons for the first year; after that, Rakisons will be permanently dropped from the name. The US firm will not change its moniker. Steptoe & Johnson chairman Lon Bouknight, who will become chairman of the […]

DaimlerChrysler

DaimlerChrysler to sell and deliver cars over the internet. DaimlerChrysler advised by Olswang (Clive Gringras) and DaimlerChrysler’s in-house team (Sebastian Calman).

Milbank Tweed beefs up its Asian reach with B&M hire

Baker & McKenzie‘s Asia business unit head has departed for fellow US firm Milbank Tweed Hadley & McCloy. Charles Conroy, who is based in New York, joins Milbank Tweed as a partner and will focus on cross-border and domestic M&A with an emphasis on Asia. He will also work with the firm’s Asian acquisitions finance […]

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