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Latest Briefings

European Court of Justice voids European Commission’s decision to grant state aid authorisation for the 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 to 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 […]

Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation enter into a MoU on personalised medicine

By Joost Dibbits On 5 November 2018, the Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation entered into a memorandum of understanding (MoU) on personalised medicine. The parties to the memorandum refer to the definition of personalised medicine used by the Council of the EU (2015/C 421/03): […]

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

Deals summary

Mayer Brown Rowe & Maw (Iain Thomas) advised the Royal Bank of Scotland hotel and leisure team in relation to a facility (amount undisclosed) to Peel Hotels to fund the acquisition of the Avon George Hotel in Bristol and the George Hotel in Wallingford, and on the refinancing of existing borrowings secured on other hotels. […]

Deals summary

Baker Botts advised Pride Offshore, a subsidiary of Pride International, on a $250m (£163m) syndicated secured revolving credit facility. Agent bank and lender Crédit Lyonnais advised by Herbert Smith (Jason Fox) and Bracewell & Paterson (Mark Evans, Richard Rice). Herbert Smith (Jane Borrows) advised Halifax Bank of Scotland (HBOS) on the restructuring of its regulatory […]

Definitely maybe

Claims for loss of chance can often stick in the throat, so Angus Turner asks: why settle a less than certain claim? During the World Cup, Terry Venables noted astutely that if anyone knows how to build a wall, it is the Chinese. Likewise, it can be said that if anyone knows how to ensure […]

ASA clamps down on Taylor & Emmet advert

The Advertising Standards Authority (ASA) has upheld a complaint about Sheffield-based personal injury firm Taylor & Emmet The advertisement, which appeared in the local press, encouraged parents to bring claims on behalf of their children following accidents. The final line of the advertisement read: “So next time your child comes in crying, just think, could […]

Corporate

When the bottom fell out of the public M&A market last year, hot shot corporate lawyers wished they could be in private equity. However, the wishing fairy has not been kind to firms which have tried to get into the transactional side of the sector. Clifford Chance, Ashurst Morris Crisp and UK ‘golden circle’ firms […]

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