Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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arcadia

Under pressure Arcadia loses legal chief to media group

Arcadia Group’s Michelle Gammon is to leave the company after 11 years, just months after the retail giant secured a high-profile rescue deal. Gammon will be general counsel for Global’s newly-formed outdoor advertising division, which was created following the acquisition of outdoor media owners Primesight and Outdoor Plus last September and transport advertising business Exterion […]

Macfarlanes loses digital advisory chief Rebeiro after only 18 months

Macfarlanes‘ digital and innovation business head is leaving the firm after fewer than two years. Mike Rebeiro was hired in February 2018 from Norton Rose Fulbright, where he spent nearly 18 years. He was brought in to build and lead Macfarlanes’ digital advisory practice, a new outlet for the City firm. No indication on Reibero’s […]

uae

Dechert partner accused of threatening aviation entrepreneur in hacking claim

US aviation entrepreneur Farhad Azima has filed a counter-claim against Ras al Khaimah (RAK)’s sovereign investment vehicle RAKIA, alleging that it hacked and published his data on the dark web and that he was threatened by a London-based Dechert partner. The partner in question, Neil Gerrard, has been in the spotlight for his involvement in […]

Bakers sees out challenging year with 1 per cent growth

Baker McKenzie’s global revenue has inched up 1.2 per cent from $2.9bn to $2.92bn over 2018/19, with growth coming to a near standstill after an 8 per cent rise in 2017/18. On a constant currency basis, which the firm said is the “most accurate measurement of the financial performance of any global professional services firm”, revenue […]

Asia business Alibaba poster hanging on the New York Stock Exchange building

Firms set to lose out as Alibaba postpones its HK capital-raising

The delay in China’s biggest e-commerce company public listing in Hong Kong could see the longstanding advisers for Alibaba lose out on fees for a £16m capital-raising. The Alibaba Group announced early in the week that it would delay its IPO process in Hong Kong due to the protests that have swept the Asian corporate […]

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