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Latest Briefings

European Court of Justice voids European Commission’s decision to grant state aid authorisation for the 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 to 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 […]

Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation enter into a MoU on personalised medicine

By Joost Dibbits On 5 November 2018, the Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation entered into a memorandum of understanding (MoU) on personalised medicine. The parties to the memorandum refer to the definition of personalised medicine used by the Council of the EU (2015/C 421/03): […]

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 […]

Recommended

Scuffle of the week

Lewis v Lewis. Lennox Lewis (left) was effectively stripped of his World Boxing Association title this week after Judge Lewis Kaplan ruled in a New York court that the UK boxer must give up the belt if he goes ahead with a fight against Michael Grant. The judge found himself embroiled in a battle over […]

Sidley & Austin Hong Kong founder joins Herbert Smith

Sidley & Austin is losing one of the founding partners of its Hong Kong operation to Herbert Smith, just a year after the office was established. Simon Meng, who is qualified in New York and Paris, has joined Herbert Smith’s reg-ional project group as a consultant due to the Hong Kong Law Society’s restriction on […]

Placements

Baker & McKenzie advised Europejski Fundusz Leasingowy on its $82m (£51.9m) international and domestic share and global depository receipt offering and listing on the London and Warsaw stock exchanges. Credit Suisse First Boston acted as lead manager on the deal. Baker & McKenzie securities partner Peter Magyar led a team of two in the London […]

Four more firms set to join Ecomlex group

German, Dutch, Italian and Irish law firms are the latest to join a European e-commerce association. Ecomlex is being set up to advise international clients on new economy issues, such as cross-border internet start-ups and initial public offerings. The Lawyer previously revealed that Field Fisher Waterhouse, Swedish practice Advokatfirman Fylgia, and Scottish member firm Harper […]

Quote of the week

“What’s the point of a couple more hundred grand when you really never have a life?” – A City lawyer claims money isn’t everything, especially when it’s only small change. Francis Laird: Correction In last week’s “Scuffle of the week” it was inferred that Francis Laird had resorted to violence when subjected to a physical […]

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