L’Oréal UK counsel quits for new career direction

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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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A&O seals Kazakh deal for UniCredit

Allen & Overy has cemented its relationship with Europe’s UniCredit Group, advising group member Bank Austria Creditanstalt (BA-CA) on the purchase of Kazakhstan’s ATF Bank. Corporate partner Pervez Akhtar, who has been the UniCredit relationship manager for the past five years, led the deal alongside associates Gary Booth and Andrew Deane. London-based tax partner Chris […]

British Virgin Islands

The BVI is regarded as one of the world’s leading offshore jurisdictions, with derivatieves being a particular strength. By Peter Tarn and Russel Willings Termination and close-out netting together constitute the single most important technique for reducing credit risk in the derivatives markets. A typical derivatives contract provides for the termination of all transactions on […]

Guernsey

A new three-day funds approval regime and the proposal to scrap court involvement in the insurance transfer process makes Guernsey even more appealing to investors. By Christopher Anderson Every offshore jurisdiction walks a fine line between on the one hand having a prudent regulatory environment while remaining a user-friendly place to do business and, on […]

Long-serving BHP Billiton GC retires

Chief legal counsel and head of external affairs for FTSE100 mining company BHP Billiton John Fast is to retire in the new financial year. Fast, who leaves BHP after more than seven years, said he is looking forward to retirement, when will be applying his experiences to new challenges. Peter De Zwart, The FSTE company’s […]

Halliwells kicks off fraud unit as Keoghs raid lands dedicated team

North West firm Halliwells has scooped a team of fraud specialists from rival firm Keoghs. The team, which is headed by partner Damian Ward, has moved to form Halliwells’ new bespoke fraud unit, which will investigate fraud claims and train claims managers to improve how they detect and investigate fraud claims. Halliwells managing partner Ian […]

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