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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HSF to split out bonus payments for 2019/20 financial year

Herbert Smith Freehills is the latest City firm to reduce partner profit distributions, while maintaining it will still award bonuses in two separate payments over the next year. The firm confirmed today that all employees will remain on their current respective salaries, with this pay freeze set to be reviewed in six months. While some […]

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The Virus Diaries: Lessons to learn from Gowling’s China lockdown

Every festivity has its own set of traditions, and Chinese New Year is no exception. In towns and cities, during the celebrations, red envelopes containing money are usually exchanged among families and friends as a good luck wish. This year, however, the tradition was partly broken. Instead of cash, envelopes were filled with face masks. […]

The pandemic and climate change need two styles of leadership

The start of the decade has been grim. A pandemic has led to multiple deaths, a stock market crash, panic buying and an impending recession. Legal industry talk of disruption through AI now seems entirely vanilla. And, without wanting to create a pecking order among the horsemen of the apocalypse, once the public health crisis […]

Lewis Silkin and Hill Dickinson place staff on furlough

Hill Dickinson and Lewis Silkin are placing some of their non-fee-earners and associates on furlough in response to the coronavirus pandemic, The Lawyer understands. Both firms have taken the decision to use the UK Government’s grant scheme – providing furloughed staff with 80 per cent of their wage. A Lewis Silkin spokesperson said: “Our absolute focus […]

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UK Government delays panel reviews to focus on Covid-19 pandemic

The UK Government’s Crown Commercial Service (CCS) has put most of its current panel reviews on hold while it reprioritises work in light of coronavirus. The CCS has paused procurement activity for its general legal advice services, finance and complex legal services, rail and edisclosure panels, as firms wait in the lurch about when the […]

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