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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US duo act on Morgan Stanley’s $13bn trading acquisition

Davis Polk & Wardwell and Skadden Arps Slate Meagher & Flom have taken the lead roles in Morgan Stanley’s $13bn acquisition of online trading platform E*Trade. Davis Polk’s team advising its longstanding client Morgan Stanley included partners from both its New York and Washington DC offices, and it was led by managing partner Neil Barr […]

Solicitors Regulation Authority

Ex-Gibson Dunn partner fails to halt SRA investigation

Former Gibson Dunn partner Peter Gray has lost a bid to stay an SRA investigation into his dismissal from the firm, with the Solicitors Disciplinary Tribunal siding with the regulator. The Dubai-based litigator made the application to put a permanent stay on proceedings yesterday on two counts against the SRA; abuse of power and fair […]

stacking money

The debt debate: why firms are borrowing less

How much debt does your firm have? None? Does that give you a rosy glow of self-satisfaction or is there the quietest of nagging voices rattling around inside your head insisting, “you’re missing a trick”? For law firms, more than any other professional services business, the use of borrowed money is a long-running debate. Lawyers […]

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