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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

Cadwalader creates flood risk bond to protect City

US firm Cadwalader Wickersham & Taft has been instructed to advise on the world’s first bond designed to protect London’s business districts from large-scale flooding. The flood bond, which was launched on the capital markets earlier this month, was structured by Swiss Re, which was advised by panel firm Cadwalader, for an arm of German […]

Simmons’ Spanish tie-up seals deal with Acciona

Simmons & Simmons has scored a deal with blue-chip Spanish client Acciona Energia one month into the firm enlarging its Spanish operation. This is the first deal Simmons has advised Acciona on outside the UK, with the instruction coming via a recommendation from the London office. Acciona acquired solar power plant Amper Central Solar from […]

Scottish Executive dumps Camerons, McGrigors and S&W

CMS Cameron McKenna, McGrigors and Shepherd & Wedderburn have all lost their places on the Scottish Executive’s slimmed-down legal panel after the executive arm of Scotland’s parliament concluded its review last week. Three firms – Camerons, Burness and MacRoberts – were not among the 14 invited to tender when the review process began last December. […]

Speechly IP/IT dept buoyed by Hammonds, Manches raids

Speechly Bircham has relaunched its IP practice with the double hire of Manches’ and Hammonds’ IP chiefs, Alex Carter-Silk and Paul Harris. The move signals the firm’s intention to compete with established IP firms following the hire of Faegre & Benson IP/IT chief Robert Bond in October 2006, who is charged with leading the expanding […]

It’s not about PQE, you see

The inexorable rise of associate power has reached Arnold & Porter. The inexorable rise of associate power has reached Arnold & Porter. As we reveal today (see story), the firm has addressed the topical issue of age discrimination by removing any direct reference to seniority in its remuneration structure. Well, as London admin partner Tim […]

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