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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 […]

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In brief: Freshfields

Freshfields is acting as co-adviser to Olivetti’s financial advisers as the company raises funds for its hostile takeover bid for Telecom Italia. The firm is working alongside Clifford Chance, providing corporate advice to Mediobanca, Lehman Brothers, Donaldson Lufkin & Jeanrette and Chase Manhattan.

Rowe & Maw forms global trade body

LAWYERS and trade economists are set to join forces in the City as Rowe & Maw launches an international trade group. The group will be headed by partner Philip Ruttley, who joined Rowe & Maw from Garretts in October. Ruttley says the group was formed in response to an increasingly global economy, and as a […]

Simmons challenges French govt over coal price subsidies

City firm Simmons & Simmons is attempting to force France to answer allegations that state subsidies were used to undercut the market price of coal. The firm, representing private coal company Thion & Cie, claims that state-owned coal company Groupe Charbonnages de France was involved in a potential misuse of an estimated £21m in state […]

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Newsmaker Profile:Man who saved Maxwell from jail gets a Ferrari

Where do you stand with a lawyer who is a self-proclaimed enthusiast at handling the media? When Keith Oliver speaks with such beguiling honesty about his passion for his work and his enormous respect for his clients, is it from the heart or from somewhere altogether more practical? Oliver, a partner at one of the […]

Barristers form global lobby to protect rights of children

High-profile barristers have joined forces to form an international lobbying group for children. Supported by 10 silks – including Cherie Booth QC and former Bar Council chairman Peter Goldsmith QC – and several barristers, the Bar Committee on the Rights of the Child will campaign around the world. “We want the voice of the Bar […]

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