The final act

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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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Carrefour fined in China piracy case

In the first high-profile piracy dispute between two Western companies in China, a Shanghai court has fined French retailer Carrefour £25,000 for selling fake Louis Vuitton handbags. At fault was Carrefour’s supplier policy, which the company’s central management had delegated to individual branch supervisors. The judge blasted the procedure, criticising it for being so lax […]

Goodwin raids pave way for California expansion

Boston-based Goodwin Procter has launched an assault on California, opening in Los Angeles (LA) and San Francisco on the back of raids on Pillsbury Winthrop Shaw Pittman and Cooley Godward. The LA office will be chaired by Lewis Feldman, the former head of the LA real estate and national public finance team at Pillsbury. Feldman […]

Cllifford Chance appoints learning and development partner

Clifford Chance has appointed its first global learning and development partner in a bid to develop and streamline the firm’s legal and business services training programmes. Former private equity partner Julia Clarke has been appointed to the role. She will be responsible for the development of legal and business skills training for fee-earners and business […]

Linklaters kicks off City pay round with six per cent salary hike

Linklaters has kicked-off this year’s salary increases, raising newly qualified lawyers’ salaries by six per cent to £55,100.The magic circle firm announced that it was increasing salaries for fee-earners in London by between 5.5 and 12 per cent depe… Linklaters has kicked off this year’s salary increases, raising newly qualified lawyers’ salaries by six per […]

Patent profits

If you strolled into your firm with a cheque for $200m (£111.9m), your managing partner would probably single you out for a little praise come the year-end. Thanks to the recent raft of big paydays for firms willing to take cases on a contingency basis, notably in the area of so-called ‘patent troll’, a number […]

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