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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 […]

Recommended

Nishith Desai launches in Silicon Valley

Indian firm Nishith Desai Associates is opening an office in Silicon Valley. It will be the first Indian practice to break into the US high-tech region. The 20-lawyer firm’s first office outside India will focus on helping clients from the US who want to invest in India and vice versa. India is one of the […]

The Leader column

Oh, puh-lease. When Pinsent Curtis Biddle press-released its merger last week, it all sounded so plausible. Great fit, bolstering London, big push on private equity, blah blah blah. And then Julian Tonks had to go and spoil it all. “We will be able,” he declared, “to compete with the leading firms outside the magic circle.” […]

THE NATIONAL LOTTERY

1993: Lottery is created by the National Lottery Act and safeguarded by Oflot and the director general. Branson’s the People’s Lottery loses out when the first seven-year franchise is awarded to Camelot. 1994: The National Lottery is launched. 1997: Labour’s manifesto says it will seek an “efficient, not-for-profit operator”. “Fat cat” row blows up over […]

LeBoeuf breaks into South Africa with energy practice

New York firm LeBoeuf Lamb Greene & Macrae is opening an office in Johannesburg to focus on energy and project finance work. Two US partners are moving in to launch the practice, aimed at picking up a bigger chunk of the increasing volume of transactional work in South Africa and the region. Energy and project […]

Mayer Brown's new Valley office shuns capital markets

Chicago giant Mayer Brown & Platt is opening an office in Silicon Valley in May, but is shunning the capital markets strategy adopted by others moving in. Instead of targeting flotation work, which has been popular with most non-Californian firms moving in, Mayer Brown plans to increase its general practice for existing corporate clients based […]

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