Wall St woes: Shock and awe

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Latest Briefings

European Court of Justice voids European Commission’s decision to grant state aid authorisation for the 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 to 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 […]

Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation enter into a MoU on personalised medicine

By Joost Dibbits On 5 November 2018, the Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation entered into a memorandum of understanding (MoU) on personalised medicine. The parties to the memorandum refer to the definition of personalised medicine used by the Council of the EU (2015/C 421/03): […]

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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Public sector

As The Lawyer revealed last week (22 September), the UK’s largest unitary authority Birmingham City Council is reviewing its legal panel of 21 firms. Director of governance Mirza Ahmad will next month invite existing panel firms to apply for contracts that are set to begin in September 2009 and which taken together account for an […]

Linklaters follows magic circle pack with plans for Abu Dhabi opening

Linklaters follows magic circle pack with plans for Abu Dhabi opening” />Linklaters is developing plans to launch an office in Abu Dhabi in response to client demands. The magic circle firm’s Emerging Europe, Middle East and North Africa (Eemena) head Nick Eastwell confirmed that an Abu Dhabi office was part of ­Linklaters’ plan for the […]

Welcome

This week The Lawyer reported that Cobbetts is to make 40 fee-earners redundant – its second wave of redundancies this year – while Blake Lapthorn is in discussion with 43 members of staff and Finers Stephens Innocent with a further 6 real estate fee-earners plus support staff. This follows on from the previous week’s news […]

Scotland: mixed doubles rule binned after 15 years

The Scottish bar has abolished the so-called ‘mixed doubles’ rule ­following consultations with the Office of Fair Trading (OFT) and the Scottish ­Government. The Scottish bar has abolished the so-called ‘mixed ;doubles’ ;rule ­following consultations with the Office of Fair Trading (OFT) and the Scottish ­Government. The 1993 rule, which did not allow advocates and solicitor-advocates representing […]

Halliwells real estate team faces the chop

Halliwells has launched a redundancy consultation across its real estate practice, potentially cutting as many as 40 staff. The consultation will affect both fee-earners and support staff in the firm’s Liverpool, London, Manchester and Sheffield offices. This will be the second time this year that Halliwells has had to make job cuts. In March the […]

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