National Bank of Ukraine prolonged currency market restrictions

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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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Clifford Chance braces itself for professional negligence claim from Excalibur funders

Third-party litigation funders who bankrolled the $1.6bn claim brought by Clifford Chance client Excalibur Ventures are gearing up to bring a professional negligence claim against the firm, following defeat in the High Court last year. Withers partner Christopher Coffin is understood to be representing the Lemos family, one of the claim’s funders, in the professional […]

No5 Chambers member bats off costs application

A No5 Chambers member has successfully resisted an application for costs by the donee of a lasting power of attorney. Philip Dayle, acting for the public guardian, successfully resisted an application by the donee, who complained that the public guardian had used its statutory power to investigate unreasonably.   Senior Judge Lush described the case […]

Khaitan & Co successfully opposes grant of ad interim relief against Saregama India

Khaitan & Co has advised Saregama India and successfully opposed the grant of ad interim relief prayed by Ultra Distributors against Saregama India in relation to the purported claims of exploitation of copyright of 26 cinematographic films in various platforms. Saregama India is a flagship company of the entertainment sector of the RP-Sanjiv Goenka Group, […]

UK figures fail to capture flourishing global M&A market, says Eversheds

Robin Johnson, co-chair of the cross-border M&A team at Eversheds, has commented on the recent M&A figures from the Office for National Statistics (ONS). He said: ‘The ONS figures don’t show the whole story and could potentially do with a revamp. ‘Deal activity in the second half of 2104 has meant very significant investment, but […]

Money

Stephenson Harwood’s half-year revenue rises 12 per cent to hit £64m

Stephenson Harwood has reported a half-year global revenue of £64m for the first six months of the 2014/15 financial year. The figure marks a 12 per cent increase on its half-year turnover of £57m in 2013/14, which was 10 per cent up from £51.4m at the six-month point in 2012/13.  The firm’s chief executive Sharon […]

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