Linklaters advises on stricken UK stalwart Waterford Wedgwood

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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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The Devil Wears Ede & Ravenscroft

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Simmons bulks up Middle East offering with two more partners

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Revenue and PEP up almost 10 per cent at Cleary

Revenue at Cleary Gottlieb Steen & Hamilton rose 8 per cent during the 2008 financial year while profit per equity partner (PEP) was up 9 per cent. PEP at Cleary was $2.33m last year compared with $2.14m in 2007, sources indicate, while global revenue at Cleary increased to $961m, up from $890m in 2007. Cleary […]

Orrick boosts London revenue 14 per cent

Orrick Herrington & Sutcliffe’s London office has reported a 14.3 per cent revenue hike for the 2008 financial year. The US firm increased revenue in the capital from $35m in 2007 up to $40m for the last financial year. London’s total revenue represents 4.8 per cent of the firm’s total 2008 turnover of $835m. Earlier […]

SFO hands GC role to criminal silk

The Serious Fraud Office (SFO) has hired a barrister as its first ever general counsel, bringing in criminal and fraud specialist Vivian Robinson QC. Robinson will take up his post in the spring, joining from barristers’ chambers QEB Hollis Whiteman. Robinson was called to the Bar in 1967 and took silk in 1986. SFO director […]

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