The policy for bar mergers

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Latest Briefings

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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Manches

Manches represented Durlacher on establishing a separately funded vehicle to invest in the European applications service providers (ASP) market. The new venture, entitled App-X, has received £10m from private investors, which will eventually hold a 62.5 per cent stake in the vehicle. Durlacher has invested £600,000 in cash and a percentage of its minority stakes […]

Measuring the judgement

As a frequent attendee at court, I am astonished at the inaccuracies that occur when metres are converted to yards, and vice versa, mainly during motoring offence hearings. These inaccuracies would appear to be occurring within a (middle-aged) group who were educated in imperial units rather than metric, but as these mistakes might have an […]

CC penalises equity partners over £200m billings backlog

Equity partners at Clifford Chance will miss out on their quarterly profit payments after creating a lock-up lag of 20 weeks, representing app-roximately £200m in unpaid bills. Lock-up represents the period from time recorded to cash collection, which has lengthened considerably at the firm since its merger. Equity members were due to receive their payments […]

Scuffle of the week

Channel Islands v European Union. A proposal by the European Union to create a system to exchange information between tax collectors and bankers has been angrily refused by the governing parties of the islands of Jersey and Guernsey. The islands, regarded as a tax haven for the rich, have vowed to resist any efforts made […]

It's been a bad week for….

Mohammed Al Fayed, who has lost another Appeal Court hearing in his application for British citizenship and a passport. Three judges, upheld Jack Straw’s earlier decision on the grounds that Fayed was not of “good character”. Fayed described the verdict as “disproportionate and irrational”. The House of Lords. Due to an increase in the number […]

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