Letter from a Sullivan partner

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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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Code worthy?

Although the new Code of Conduct has brought few surprises, it should not be dismissed by the profession, say Katherine Rees and Rebecca Armstrong Jeremy Clarkson infamously refused to review the new Vauxhall Vectra for Top Gear, showing his disdain for what he termed the “boring” new model by walking round the car in silence, […]

Monkey business

The Lawyer Awards’ dinner was cut short for one guest, private equity partner Richard Youle of Linklaters, who had to dash off to close a deal even before the petits fours were served. He must have been the swishest person in the meeting room, as he was still wearing his black tie. “That’s just because […]

SJ Berwin poaches LG funds partner

SJ Berwin has lured an LG (Lawrence Graham) investment funds partner to join its expanding financial markets group. Victoria Younghusband, will join the firm on 1 August to help develop SJ Berwin’s investment fund capabilities. Financial markets partner at SJ Berwin, Bruce Gardner, commented: “The firm wants to develop the financial markets team and Victoria […]

Bloxham claims damages of £4.5m

Freshfields Bruckhaus Deringer‘s former insolvency partner Peter Bloxham is understood to be seeking £4.5m in damages. Today saw the first cross-examination of Bloxham, who is bringing age discrimination claims against his former firm. It is understood that the damages have been calculated on the £40,000 annual difference between Bloxham’s current pension and what he would […]

Paul Hastings raises London NQ salaries to £90k

US firm Paul Hastings Janofsky & Walker has matched Weil Gotshal & Manges by upping its London newly qualifieds’ salary to £90,000. London NQs at Paul Hastings have benefitted from a 20 per cent rise in base salary in the move, which London managing partner Mark Eagan defined as an attempt by the firm to […]

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