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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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Norton Rose hunts for Indian trainees

Norton Rose hunts for Indian trainees” />Norton Rose has opened its trainee programme to newly qualified Indian lawyers and is recruiting directly from India. The firm’s graduate recruitment partner Sam Eastwood (pictured) said Norton Rose had gone directly to several Indian colleges to recruit between three and five trainees for the 2010 intake. “Foreign lawyers […]

Walker Morris retrains lawyers for insolvency

Walker Morris retrains lawyers for insolvency” />Firms across the UK are responding to the economic downturn by retraining their lawyers in insolvency work. Leeds-based ;Walker ­Morris, which has a core insolvency team with six partners, has retrained a further 30 of its lawyers in insolvency work so they can better advise their clients on the […]

Curtis Mallet-Prevost opens in Dubai

New York firm Curtis Mallet-Prevost Colt & Mosle is the latest international firm to open in the United Arab Emirates through the launch of an office in the Dubai International Financial Centre (DIFC). Peter Stewart, corporate partner and co-chair of the firm’s private equity practice, will serve as managing partner for the Dubai office. Corporate […]

Shearman bulks up arbitration in Washington, DC

Shearman & Sterling has bulked up its US international arbitration group, moving Singapore partner John Savage to its Washington DC office. The move reflect the firm’s increased focus on international arbitration in the US. Shearman head of international arbitration, Emmanuel Gaillard, said: “The US environment for arbitration is changing and there is an increased need […]

Linklaters curtails client base to focus attention on major players

Linklaters curtails client base to focus attention on major players” />Linklaters is in the process of slashing its client base in an attempt to reduce conflicts and focus its ­business solely on large global entities. Managing partner Simon Davies, who is leading the project, carried out a similar exercise at the beginning of the decade […]

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