Simmons to cut up to 69 in latest redundancy talks

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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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Milbank suffers 16 per cent profit drop

Milbank Tweed Hadley & McCloy has posted a double digit drop in average profit per equity partner (PEP) along with a 3 per cent fall in total revenue for the 2008 financial year. The New York-headquartered firm’s PEP fell from $2.53m in 2007 to $2.1m, at 16 per cent one of the most significant reductions […]

Norton Rose hikes Middle East with trio

Norton Rose is relocating three finance partners to the ­Middle East, including its global Islamic finance chief Neil Miller, who will move to Dubai. Miller will be joined by corporate finance partner Alan Bainbridge and asset finance partner Emma Giddings, who will move to Abu Dhabi. Their term in the Middle East is indefinite. Miller […]

35

A&O to slash partnership in £44m restructuring

Allen & Overy (A&O) is to cut up to 247 lawyer jobs and jettison its private client business in a global restructuring expected to cost the firm £44m. The firm is culling 9 per cent of its global partnership, 9 per cent of fee-earners and 9 per cent of support staff while headline client billing […]

Professional Negligence Special Report: The ex factor

A recent case provides useful guidance on when a law firm can and cannot act for a former client. Richard Harrison reports. The issues that a law firm needs to consider if it wants to act against a former client were clarified in the recent case of Winters v Mischon de Reya (2008). Mishcon de […]

12

College of Law bags A&O, Links GDL contracts

Magic circle firms Allen & Overy and Linklaters have signed up College of Law (CoL) to run every aspect of training for their future trainee solicitors. The college, which already provides a bespoke Legal Practice Course (LPC) for both firms, will now be the sole provider of the Graduate Diploma in Law (GDL) for their […]

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