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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 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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Paul Murray

DAC Beachcroft ramps up volume arm with Zurich hire

DAC Beachcroft is to boost its claims solutions group with the hire of Zurich Financial Services’ European claims director Bill Paton. Paton, who joins from one of DAC Beachcroft’s biggest clients on 1 October, will take the role of chief executive officer in the claims group. The firm has been looking to bolster its volume […]

Number crunching: Russian IPOs in London

After enjoying the coveted position as the top-choice listing venue for large Russian companies, leading aluminium producer Rusal shocked the London Stock Exchange (LSE) in 2010 when it opted to go public on the Hong Kong Exchange, with the aim of tapping into the Chinese market. Nonetheless, Russian IPOs in London have picked up in […]

Shepherd and Wedderburn promotes deputy chief executive to top role

Scottish-headquartered firm Shepherd and Wedderburn has announced the appointment of Stephen Gibb as the firm’s new chief executive following a unanimous vote by the firm’s partnership. Gibb, who is currently the firm’s deputy chief executive, will replace the incumbent Patrick Andrews on 1 May, when Andrews’ second term in the role comes to an end. […]

Jeremy Hoyland
13

Simmons to open low-cost Bristol base

Simmons & Simmons is to open an office in Bristol in a bid to slash its fee rates. According to managing partner Jeremy Hoyland, the office, which is slated for an autumn launch, will handle “complex legal work” where “location is not an issue for clients”. It is expected that the office will initially handle […]

Anthony Seddon

Musical Youth loses court battle over Pass the Dutchie royalties

Former members of 1980s reggae band Musical Youth, who had a hit with ’Pass the Dutchie’ in 1982, have lost their royalties legal battle with their former music lawyer Anthony Seddon. Mr Justice Roth’s ruling marks a win for Wilberforce Chambers’ Joanna Smith QC, who was instructed by Clyde & Co legal director Samantha Oliver […]

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