Pinsents knocks DLA off AIM top spot (cont.)

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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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UBS legal chief Aufhauser quits amid fraud furore

UBS general counsel David Aufhauser has resigned amid the growing auction rate securities (ARS) fraud that is centred on the investment bank. Aufhauser’s resignation, which came yesterday (Monday 4 August), follows allegations that he is one of the seven unnamed executives thought to have sold more than $21m of their holdings in ARS based on […]

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Foreign climbs

Convincing senior associates to leave London for offices in emerging markets isn’t always easy – unless you dangle a partnership carrot, of course. Senior associates willing to ­transfer from London to other ­jurisdictions are having their path to partnership put on the fast-track. As The Lawyer revealed last week (28 July), Denton Wilde Sapte is […]

Moves roundup: 4 August 2008

South East firm DMH Stallard has made up four partners. James Regan has been promoted to the head of retail property, while Nick Leavey is made up in real estate, Dominic Travers in ­corporate and Frank Jennings in technology. • South East firm DMH Stallard has made up four partners. James Regan has been promoted […]

UBS fraud case is ‘frankly, terrifying’

One of Debevoise & Plimpton’s top litigators has swung into action on behalf of beleaguered investment bank UBS. DEBEVOISE & PLIMPTON Top litigator’s hire highlights gravity of charges One of Debevoise & Plimpton’s top litigators has swung into action on behalf of beleaguered investment bank UBS. Mary Jo White, the chair of Debevoise’s litigation department, […]

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