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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Edinburgh

Financials 2019: Profits rise at Brodies and Shepherd & Wedderburn

Two of Scotland’s largest independent law firms, Brodies and Shepherd & Wedderburn, have reported growth in both revenue and profitability for 2018/19. Brodies, which is Scotland’s largest firm, saw its turnover increase by 12 per cent from £68.6m to £76.9m, while profits before partner distributions also saw double-digit growth of 14 per cent from £32.9m […]

HFW strikes £25m deal with litigation funder

HFW has become the third firm this year to secure a million-pound partnership with a litigation funder, as those in private practice seek to provide increased accessibility to funding for clients. Augusta Ventures and HFW’s relationship with be strengthened after it was announced that that pair have agreed on a £25m funding facility. The firm […]

trucks

Litigation funder secures €9.5m deal to back overseas trucks dispute

Litigation funder Vannin Capital has secured an agreement to fund the Spanish leg of the trucks cartel dispute. The funder announced it has entered an agreement with System Capital – a private family office in Andorra – to fund the claim in Spain, which is spearheaded by Andersen Tax Legal. Systema will provide funding for […]

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