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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Stephenson Harwood unveils Hong Kong-heavy promotions round

Stephenson Harwood has made up just two partners in London in its latest promotions round. The firm announced today that six lawyers have made the grade, with Hong Kong taking the largest share of four partners. The two newly-appointed London partners are corporate lawyer Jonathan Bridcut, who specialises in private M&A, joint ventures and corporate […]

Ashurst

Ashurst becomes first City firm to delay partner promotions

Ashurst is to defer its partner promotions until later in the year, becoming the first of the big City firms to make such a decision. Promotions at the firm usually come into effect on 1 May, but new partners-in-waiting have been told that their elevation will now take place later this year. This reflects measures […]

money

Lewis Silkin makes more Covid-19 cuts

Lewis Silkin has taken further measures to contain the growing challenges posed by Covid-19. The firm has agreed to temporarily suspend quarterly profit distributions. It has also cut salaries and reduced the work hours of a number of its associates, junior lawyers and paralegals across different practices. The decision comes as the firm recently furloughed […]

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