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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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Dentons involved in property gaffe

DENTON Hall has emerged with egg on its face after a mistake was made in what is described as the largest ever residential property deal. The error occurred over the sale of the Kensington Estate by the Smith’s Charity to the Wellcome Trust for £280 million. Twenty-six blocks of tenants did not receive the proper […]

SA Bill set to open doors to strike action

SOUTH African workers could see their right to strike “significantly” extended if a Bill before the parliament is passed. The new Labour Relations Bill, which is set to replace present legislation, is expected to come into force in the middle of next year, cutting the number of employees banned from striking and opening the door […]

A short lesson in history

I do not wish to open a Second Front by arguing with both The Lawyer and the Bar Council but Tulkinghorn is wrong in assuming last week that I confused the military strategies of Hitler and Stalin in the battle for Stalingrad. On 23 November 1942, General von Paulus, commander of the German Sixth Army, […]

Cripps Harries Hal

Cripps Harries Hall is putting the final touches to a private banking package for clients which will include a link with a merchant bank. “This will mean that if we have clients who have a portfolio with us, they will be able to get an automatic borrowing facility,” said David Lough, head of the firm’s […]

In brief: Nabarros construction expert leaves

Akbar Ali, a leading international construction law expert, has left London-based Nabarro Nathanson to join Davies Arnold Cooper as a partner. Formerly an in-house lawyer with Trafalgar House, he has been involved in major civil engineering arbitrations, including attracting business from European civil engineering contractors in former common law jurisdictions, such as West Africa and […]

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