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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

2

Lovells posts turnover rise in last year as unmerged firm

Hogan Lovells legacy firm Lovells saw a marginal increase in turnover in the 2009-10 financial year. Revenues rose 2 per cent to £542m, up from £531m in the 2008-09 financial year. Lovells merged with US firm Hogan & Hartson on 1 May. When its 2009-10 turnover figure is added to Hogan’s 2009 figure the merged […]

Floating free

A recent court ruling has left the door open for parties to dispense with the registration of a floating charge via the use of a security financial collateral arrangement. But its application is likely to be very narrow. A floating charge on a ­company’s property requires registration under Section 860 of the Companies Act 2006. If […]

Peter Martyr

Norton Rose posts 6 per cent PEP drop

Norton Rose’s  average profit per equity partner figure (PEP) for 2009-10 has fallen by 6 per cent to £486,000, following a 17 per cent dip last year. The fall in PEP at the firm comes despite a 1 per cent rise in gross profit. Chief executive Peter Martyr attributed the decline in partner profits to […]

Slaughters scores Travis Perkins’ takeover of BSS Group

Slaughter and May has scored a new mandate advising builders’ merchant Travis Perkins on its £558m takeover of BSS Group. Corporate partner Robert Stern and M&A head Stephen Cooke led on the deal, which was agreed last week. They were assisted by finance associate Mark Dwyer, together with corporate associates Iqbal Hussain and Matthew Poxon. […]

Paul Edwards
29

PEP drop at DLA Piper after Middle East woes

DLA Piper has posted a one per cent drop in fee income for the 2009 financial year, as PEP fell by 18 per cent. The EMEA and Asia section of the business, which currently report on a calendar year basis, made £581m last year, down from £585m in 2008. Over the same period PEP fell […]

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