NY to the rescue as Shearman Europe flounders

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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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The Lawyer Legal Summit: how in-housers will cope with the crunch

This year’s The Lawyer Summit is a timely one, with a heavy focus on the practicalities of dealing with the credit crunch. From 6 to 8 November 56 senior lawyers from 27 firms and 90 in-house counsel from 84 companies will be discussing problems and thrashing out solutions in Berlin’s Hotel Adlon Kempinski. The event […]

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International firms home in on Indian law graduates

A record 40 per cent of graduates at a leading Indian law school are now taking up training contracts with international law firms. Around 32 out of 80 students are set to start training contracts with international firms after graduating from the National Law School of India University (NLSIU), Bangalore, in June 2009. This compares […]

Eversheds red cards equity partners

Eversheds red cards equity partners” />Eversheds has issued its equity partnership with ‘red cards’, allowing the firm to withhold up to two quarters’ of drawings in a bid to tighten its lockup performance. As revealed by The Lawyer (17 March), the firm introduced a scheme based on the Football Association rulebook that will see partners […]

Heller City corporate partners to join Orrick

The core of Heller Ehrman’s London corporate team is poised to join Orrick Herrington & Sutcliffe before the end of the week. Corporate partners Richard Eaton, Chris Grew and Struan Penwarden will join Orrick’s London office with three assistants. “It’s almost a done deal,” said an Orrick source, “I don’t foresee any problems now.” With […]

Taylor Wessing in lay-off talks with six staff

Taylor Wessing has entered redundancy consultations with four lawyers and two secretaries in its real estate department. A spokesperson for the firm said: “We will over the next two weeks be discussing the process with them and trying to identify alternatives to redundancy before we reach a point of making final decisions”. She added: “If […]

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