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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

A&O raids local rivals to firm up in Italy

Allen & Overy‘s (A&O) troubled Italian operation has raided independents Gianni Origoni Grippo and Ripa di Meana LC to make two corporate hires. A former protégé of name partner Franco Bonelli at Bonelli Erede Pappalardo, Paolo Ghiglione, will join A&O’s Milan office next week as a senior corporate associate. After seven years at Bonelli, Ghiglione […]

Sitting targets

Another day, another environmental initiative. This time Beachcroft is aiming to reduce its carbon footprint by 5 per cent. A mere 5 per cent? Don’t chortle. Beachcroft already has one of the lowest carbon footprints in the legal market (see story). And the latest in another long line of IT press releases masquerading as green […]

Frawley to serve second term as Taylor Wessing chief

Taylor Wessing yesterday (30 August) re-elected Michael Frawley for a second term as the managing partner of its UK arm. It is the first time that a managing partner has been appointed for two terms at the firm. Frawley stood unopposed for the role after senior partner Martin Winter opened the election process last month. […]

DLA Piper closes in on ex-Weil private equity guru

Private equity star and former Weil Gotshal & Manges partner Will Rosen is in advanced talks with DLA Piper, The Lawyer can reveal. Rosen left Weil in July this year and has been in talks with several rival firms since the beginning of August. The hire would be a particular coup for DLA Piper, helping […]

Herbies, Cuatrecasas secure Spanish listing

Alliance firms Herbert Smith and Cuatrecasas are acting for Spanish industrial machinery group General de Alquiler de Maquinaria on the issue of 125 million senior unsecured convertible bonds. The notes are convertible into new ordinary shares in 2012, which will be listed on Spain’s stock exchanges. Herbert Smith is advising on the English law aspects […]

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