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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 […]

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A&O instructed by Celltech on largest Euro biotech deal

Allen & Overy (A&O) is acting on what is believed to be Europe’s largest ever biotechnology deal. A&O has been instructed by biopharmaceutical group and long-term client Celltech. The deal is to license CDP870, an injectable medicine for rheumatoid arthritis, to Pharmacia Corporation. Celltech will receive an up-front payment of $50m (£34.5m). Then, dependent on […]

Fountain Court boosts clerk count

Magic circle set Fountain Court is taking on three new clerks, including one from rival One Essex Court. John Clements will join from One Essex Court, and two further junior clerks at the bottom end will bring the total count to 11. Clements has been at One Essex Court for 12 years and will leave […]

Glory glory

Director of Manchester United FC and James Chapman & Co senior partner Maurice Watkins tries to explain the offside rule

Cooley boosts tax with West Coast lawyer

Silicon Valley firm Cooley Godward has pulled off a coup against nearest rival Wilson Sonsini Goodrich & Rosati with the hire of its former head of tax. Glen Kohl is one of the top tax and M&A lawyers in California. He left his position at Wilson Sonsini in 1993 to join the US Department of […]

New-generation silks muscle in on top dogs

The bar’s heavyweights are being edged out of work from the leading City firms in favour of a new crop of leader silks. The results of a survey by The Lawyer reveal that heavyweight silks Lord Grabiner QC (One Essex Court), Gordon Pollock QC (Essex Court), Jonathan Sumption QC (Brick Court) and Lord Goldsmith QC […]

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