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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

Trowers bags Morley’s purchase of 27 Knightsbridge

Trowers & Hamlins has won a role advising Morley Fund Management on its £101m purchase of London office building 27 Knightsbridge. Morley, one of the biggest fund managers in the UK with £32.5bn in property assets, bought the building from the Henderson Central London Office Fund. The latter was represented by Kirkpatrick & Lockhart Preston […]

LG welcomes Eversheds employment ace

LG has boosted its ranks with the hire of an employment partner from Eversheds. Helga Breen took up the post as partner with the firm’s 12-strong employment team today (3 September). LG senior partner Bill Richards said: “Helga’s a successful and talented employment lawyer. “As well as having experience in employment cases involving individuals, she’s […]

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Real Estate

The last year was a great one for real estate teams across the UK, but it was Clifford Chance that maintained its position at the head of the table. The group recorded a turnover of £95.5m, generated by standout deals such as the sale-and-leaseback of HSBC’s Canary Wharf headquarters, where it advised new client Spanish […]

London: Lower Mid-Market

London’s smaller mid-market firms, which broadly speaking slot into the £50m-£100m turnover bracket (Salans aside) need to work hard to distinguish themselves in the cut-throat City environment. They might be on big panels,but they rarely feature on the biggest deals. Salans and Charles Russell, for example, both made it onto the mammoth Barclays panel this […]

Litigation

It could simply be taken as a sign of the continued downturn in litigation: the total revenue generated by the UK’s top 20 disputes groups was down last year. Not by a mere £10m or £20m, but by £132m. Big-hitter Lovells was one of eight firms to drop places in the top 20 league, moving […]

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