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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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Which firm hired a bunch of strippers for its office Christmas Party?

Lovells creates Chinese walls for Tube Lines sale

Lovells has installed Chinese walls to advise Star Capital Partners on its plann-ed acquisition of the Tube Lines stake belonging to em-battled services group Jarvis. A team of London lawyers, headed by partner Philip Brown, is advising Star Capital and SMIF, Star’s secondary market fund, in exclusive negotiations with Jarvis. Reports say the Tube Lines sale could fetch […]

On top of the shops

Shopping centre business Westfield is a household name in Australia. With its £585m takeover of Chelsfield it’s heading in the same direction over here. By Gemma Westacott Polly Joseph should probably buy shares in Anadin. After all, as the sole corporate counsel for Westfield Shoppingtowns she is facing a rather large and complicated legal headache […]

RAC endorses Clementi findings

The RAC has called on the Government to implement the recommendations made by Sir David Clementi in his report into the legal industry. RAC’s head of legal affairs Johnathan Gulliford welcomed Clementi’s findings, that were published today, and said: “Clementi’s report provides the foundation for the 21st century legal industry that puts the customer first.” […]

Lovells, Simmons miss out on HSBC global panel

Lovells and Simmons & Simmons have both failed to secure places on HSBC Holdings’ coveted global legal panel following the conclusion of the global banking giant’s review of external advisers. The review, which was kickstarted in August, has resulted in HSBC replacing its eight-strong London panel with a global panel comprising Allen & Overy, Clifford […]

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