A good “spot” by Post magazine which has just published its Top 50 Power List for 2016. Amidst the Snowballs, Osbornes (yes: HM Chancellor of the Exchequer), Blancs, Beales and Tullochs we find the surprising and perhaps tongue-in-cheek nomination by Swifty and his team of Damijan Vnuk. Certainly the most influential farmhand since the Tolpuddle Martyrs perhaps and also coincidental that the Prime Minister is in Brussels today discussing the interaction of UK and European laws. Whether Mr Vnuk is aware of his influence not only on UK but many other European jurisdictions we do not know but the potential impact and difficulties that arise from the European Court of Justice (ECJ) judgment do justify his nomination at No 13 – not only in the UK but in Europe.
The question arises as to whether he will be a “climber” in the 2017 Power List? The present position is that there have been discussions in Europe where the tensions between the Directive and many national laws have been identified. Those discussions are continuing and the UK consultation on the possible changes that might result is therefore delayed. Our best guess is that any consultation will now be in “the summer”.
Will Damijan Vnuk still be in the Power List next year? On the basis of a strict application of the ECJ judgment the answer would be “yes” and a Top 10 entry. Reading the runes of Euro-bureaucracy is challenging – and not just for David Cameron – but the issue does seem to have been taken on board and understood. The BLM betting is that whilst the law will change and that our customers will need to accommodate that change, Mr Vnuk is unlikely to be as high as unlucky 13 next year.
Written by Terry Renouf, partner, BLM