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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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Romania announces new financial supervisory authority

In December 2012, the government issued an emergency ordinance for the creation, organisation and functioning of a financial supervisory authority (FSA). The FSA replaces the existing authorities supervising capital markets (the National Securities Commission), insurance (the Insurance Supervisory Commission) and pensions (the Private Pensions System Supervisory Commission). The FSA will take over all the rights […]

Cardiff

Hugh James adds three to partnership

Cardiff-headquartered Hugh James has added three lawyers to the partnership in its latest round of promotions. It is a reduced round on 2012 when five were promoted by the firm. The three new partners are insurance and corporate risk specialist Stephanie Eedy; clinical negligence specialist Grainne Barton and Gareth Wisdom, who heads the firm’s wills […]

Losing affinity with alliances

In a world where domestic markets are struggling, looking elsewhere for opportunity makes sense. Iberian firms have long been building relationships with their counterparts in Latin America, which has significant cultural and linguistic similarities. In 2004 Garrigues began a network with firms across the continent, and called it Affinitas This week the firm decided to […]

Public law

Regulatory measures, government intervention and public sector spending are omnipresent in today’s economic climate. A large variety of public law entities intervene to implement these measures. Allen & Overy’s public law practice covers all aspects of public economic law. Understanding how dealing with public law entities may be different from dealing with private entities and […]

Key issues on the new Indonesian BKPM regulation

The Indonesian Investment Coordination Board (BKPM) has issued the new BKPM Regulation No. 5 of 2013 on the Guidelines and Procedures for Licences and Non-Licences for Capital Investment. The regulation is dated 8 April 2013 and was promulgated in the State Gazette on 12 April 2013 but has not been widely circulated to public. This […]

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