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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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Financings

Norton Rose co-ordinated international legal advice on the establishment of the Old Mutual South Africa Equity Trust. The country’s oldest and biggest insurer

Trader's fury at drug and gang war claims

One of the most unusual libel actions for some time is heading for the High Court with lawyers for the plaintiffs saying it could be heard later this year. The action, launched by market and retail company Solitaire (Liverpool), of London W2, against Delyn Borough Council, based in Flint, Clwyd, is over an anonymous letter […]

Indian link for Charles Russell

CITY firm Charles Russell has established an association with an Indian legal practice. The association with Bombay-based Desai, Berjis & Chinoy comes shortly after the Indian government’s restriction on the UK firms setting up in India. Simon Slater, director of marketing at Charles Russell, said: “We have a policy of not setting up our own […]

Fiona McWilliams praises a recent insolvency judgment.

Fiona McWilliams is a senior litigation assistant at Ashurst Morris Crisp. In a recent case, Mr Justice Walker fired a timely shot across the bows of insolvency practitioners, reminding them the 1986 Insolvency Act gives them special powers and, in so far as these are unique to and arise from their appointment, are incapable of […]

Freshfields pulls ahead in public advice league

City law firms enjoyed a bumper year in mergers and acquisitions business in 1995, earning around £200 million in fees out of a total City take of around £950 million. In many cases City firms doubled the number of deal instructions compared with 1994 and there looks to be no end in sight to the […]

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