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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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Intellectual Property and Technology News (EMEA): Issue 3 — Q2 2013

The latest edition of DLA Piper’s Intellectual Property and Technology News (EMEA) is now available. This newsletter provides a cross-section of issues in the fields of intellectual property, technology and media. Topics covered IPT insights Recent trends in data protection enforcement in Spain Patent claim construction: brief comparison between the Netherlands and Germany on the […]

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Osborne Clarke puts 13 senior fee earners on redundancy consultation

Osborne Clarke today (15 May) entered into a two week consultation programme with a view to cutting 13 senior associates. The firm refused to specify which areas would be affected by the consultation, adding that the redundancies would potentially be spread across the firm’s practice areas and its three UK offices. Managing partner Simon Beswick […]

Conyers Dill & Pearman advises banks and lenders on senior-secured credit facility

Conyers Dill & Pearman has advised ING Bank, and other banks and lenders, in relation to the establishment of a senior-secured $1.45bn (£934m) credit facility. The credit facility involves, among others, Seadrill Tellus, Seadrill Auriga and Seadrill Vela as joint and several borrowers; Seadrill as parent and guarantor; and certain banks and financial institutions as […]

Qatar’s new Central Bank Law: key developments in banking regulation

The government of Qatar recently issued the new Central Bank Law, Law No. 13 of 2012 (the QCB Law), which came into force in January 2013. This new piece of legislation is a comprehensive overhaul of the legislation that existed previously, Law No. 33 of 2006. The Qatar Central Bank (QCB) is the primary regulator […]

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Garrigues pulls out of Latin American alliance to open own offices

Europe’s largest law firm, Garrigues, is quitting the Latin American alliance it founded in 2004 in order to launch its own offices on the continent. Garrigues set up the Affinitas alliance with a group of Latin American firms in 2004 (13 January 2003), gradually expanding the network to cover Argentina, Chile, Colombia, Mexico and Peru. […]

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