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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

Fulbright bulks up in UAE

US firm Fulbright & Jaworski has strengthened its presence in the United Arab Emirates (UAE) with three new recruits and the relocation of a US partner. Former Denton Wilde Sapte associate Richard Devine has joined the firm’s Dubai office, to which Fulbright partner Randel Young has been relocated. Richard Tyner, who joins the Saudi office […]

Simmons, DWS launch Middle East tit-for-tat swoops

Denton Wilde Sapte (DWS) has snared Simmons & Simmons’ former Abu Dhabi managing partner just as Simmons has poached a DWS Dubai corporate partner. Andrew Ward has left Simmons to head DWS’s Abu Dhabi office, while DWS Dubai corporate partner Tom Deegan is heading to Simmons to help rebuild its dwindling Hong Kong office. Ward, […]

London Small

London’s smaller top 100 firms may be a mixed bag, but one at least can be praised for its consistency. Pensions specialist Sacker & Partners tops the tables for revenue per lawyer (RPL), profit per lawyer (PPL) and average profit per equity partner (PEP). It also comes out top on margin. All this from a […]

Third-party umming and arring

Recent reports have pointed to the fact that third-party litigation funding is finally entering the mainstream of City litigation, with Herbert Smith considering whether to go down that alley. This claim is likely to have shocked some City lawyers, and rightly so, as many of them probably thought they were already working on such funding […]

Champions legal

Thanks are due to the Gooner Massive over at Berwin Leighton Paisner (BLP) for taking a bunch of Tulkinghorn’s hacks to the Emirates Stadium last Wednesday (29 August). The Arse v Sparta Prague match might not have been the greatest ever played (although BLP did manage to lay on a couple of late goals to […]

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