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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

Poll reveals Slaughter and May as outside investors’ firm of choice

Slaughter and May has emerged as the most attractive law firm prospect for outside capital investment, following a poll of readers of The Lawyer. The Lawyer’s weekly online poll, which can be found at www.thelawyer. com/lawyernews, revealed that 34 per cent of respondents would prefer to invest in Slaughter and May if proposals made in […]

Barclays turns to AZB for Indian venture

Barclays’ in-house lawyers have teamed up for the first time with Indian firm AZB & Partners to advise the bank on its joint venture with Mumbai-based processing centre Intelenet. A Barclays team led by senior legal counsel Sarah Gibbs and head of commercial legal Andrew Colyer led the negotiation of the share purchase, joint venture […]

PI lawyers slam Law Soc over referral fees

the Law Society’s stance on referral fees. Personal injury lawyers hit out last week (Wednesday 8 August) at the Law Society’s stance on referral fees. Speakers at the launch of London Accident Link, including Louise Christian of Christian Khan Solicitors, condemned the Law Society for allowing referral fees, arguing that they compromise ethical standards. A […]

Parmalat advisers get hourly rate

The law firms advising bankrupt dairy group Parmalat in the multibillion dollar actions against banks and financial advisers have been retained on an hourly rate rather than a contingency basis. As reported in The Lawyer (9 August), Milanese litigation boutique Studio Legale Lombardi Molinari is leading the charge against a slate of banks and auditors […]

SAC race

The development of public legislation relating to segregated accounts companies is proving beneficial to the insurance market in Bermuda. Neil Horner reports In August 2000, Bermuda enacted the Segregated Accounts Companies Act 2000 (the SAC Act). The public legislation established a registration system for a segregated accounts company or SAC (the Bermudian equivalent of a […]

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