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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

Property

Gerald Bland at Herbert Smith acted for Standard Life in the pre-letting of its Focus West office development in Hammersmith to cosmetics company L’Oreal for u3m a year. L’Oreal was represented by Monica Blake at DJ Freeman.

Banks boycott tobacco shares

Investment banks HSBC and Dresdner Kleinwort Benson have issued memos to their fund managers instructing them not to buy any more shares of tobacco stock, in advance of this week’s tobacco litigation hearing. While Kleinworts warned against further investment in Imperial Tobacco, HSBC warned against further investment in Gallaher and Imperial – both defendants in […]

Pro bono and the public good

In his article about the Lord Chancellor’s pledge that county court summonses be made freely available to the public, John Malpas said that Nicholas Purnell QC acted “on a pro bono basis” for the four named barristers in opposing the right of The Lawyer to see a copy of the summons in the case in […]

In brief: Turbervilles unveils Uxbridge property shop

Middlesex firm Turbervilles, with Nelson Cuff has opened a property shop at its Uxbridge offices. The estate agency, called Turbervilles Direct, is running in tandem with the firm’s existing conveyancing and financial services department.

Global infrastructure boom

A dramatic increase in work has helped Clifford Chance beat rivals Linklaters and Baker & McKenzie to become the leading firm advising on privately-funded infrastructure projects. Despite growing economic uncertainty around the world, the volume and value of projects underway has grown for most leading firms. However, Clifford Chance has swept the board with a […]

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