Related briefings

The Financial Conduct Authority v Arch Insurance (UK) Limited & Others [2020] EWHC 2448 (Comm)

Judgment in the landmark business interruption insurance test case has been handed down by a first instance court consisting of Flaux LJ and Butcher J. The case was brought by the Financial Conduct Authority as a test case to determine issues of principle in relation to policy coverage under various specimen wordings underwritten by eight defendant insurers in respect of business interruption claims by policyholders arising out of the COVID-19 pandemic and the advice of and restrictions imposed by the UK government in consequence.

Blockchain: Legal and Regulatory Guidance

A report providing legal and regulatory guidance on distributed ledger technology (DLT) has been published by The Law Society, working in conjunction with the Tech London Advocates’ Blockchain Legal and Regulatory Group

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

Blackstone Chambers QC faces Lords suspension over sexual harassment claims

One of Blackstone Chambers’ longest serving members will appear before a hearing later this week after allegations of sexual harassment led an inquiry to recommend his suspension from the House of Lords until 2022. Lord Lester of Herne Hill QC will attend a hearing at the House on Thursday (15 November), which will rule on whether […]

Bankim Thanki QC, Fountain Court

Fountain Court announces new leadership as Moriarty QC bows out

Fountain Court Chambers’ Bankim Thanki QC has followed up his recent high-profile victories in the Court of Appeal by being named as the set’s new head. An extremely successful month for Thanki saw him play a significant role in high-profile cases for the Eurasian Natural Resources Corporation (ENRC) and Ukraine and has now been topped off […]

Azerbaijani

Sberbank swaps South Square silk for “£300,000” Brick Court QC

The Russian bank Sberbank has opted to swap South Square’s Barry Issacs QC and Alexander Riddiford for Brick Court super silk Mark Howard QC and junior Laura Newton for its Court of Appeal hearing in October. Howard and Newton will now be instructed by Fried Frank Harris Shriver & Jacobson partner Justin Michaelson for the […]

A picture of David Green QC who worked at the Serious Fraud Office, to illustrate The Lawyer Hot 100 Career Quiz with David Green QC career

Slaughters finally seals hire of former SFO director David Green QC

Slaughter and May has finally confirmed it has hired former Serious Fraud Office (SFO) director David Green QC as a senior consultant. Sources had claimed conflict issues were causing a hold up in the firm’s high-profile hire, but Slaughters has said Green will not work on matters in which he was involved while at the SFO. Green’s […]

Scalpel

MoFo picks location for new London HQ

With the end of its lease approaching, Morrison & Foerster (MoFo) has signed up for several floors of The Scalpel building, one of the City’s latest developments. MoFo will fill a 36,500-sq ft of space spread between levels 22 and 25 of the new building as part of a 15-year contract. It is expected to […]

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