The Latham guessing game

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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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Gibson Dunn revenue up, PEP dips

Gibson Dunn & Crutcher has announced a 5.44 per cent revenue hike for the 2008 financial year. Firmwide revenue grew from $907.7m in 2007 up to $957.1m last year, while profit per equity partner (PEP) saw a dip of 1.32 per cent from $1.9m down to $1.87m. The US firm made significant investment into its […]

Howard Kennedy boosts litigation team

Howard Kennedy has recruited Mayer Brown’s ­London head of property litigation. Michele Freyne joins as a partner and will be in charge of Howard Kennedy’s four-partner property ­litigation practice. She was a partner at Mayer Brown since 1984 and ran the litigation department between 1990 and 1993. Howard Kennedy head of litigation Craig Emden said: […]

Private Client Special Report: Divine ’09

As the global economy braces itself for an uncertain 2009, Patricia Milner and Charlie Tee take a look at what the coming year has in store for private client lawyers It is the time of year when people’s thoughts naturally turn to the future and predictions are made as to what the next 12 months […]

McDermott lays off 149 across US network

McDermott Will & Emery has laid off 60 associates and 89 support staff in the US due to the economic downturn. The US firm’s chairman Harvey Freishtat emailed a firm-wide internal memo today announcing the cuts. Freishtat said: “We are not immune to the continued deterioration in the market conditions. The business of our clients […]

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