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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london

CMS replenishes corporate ranks with HSF capital markets hire

CMS has hired Herbert Smith Freehills’ capital markets head, just a few days after it lost a longtime corporate partner to White & Case. The firm has hired partner Charles Howarth, who has spent most of his career at HSF. There, he was head of the capital markets practice, advising investment banks on IPOs and […]

osborne clarke

Osborne Clarke promotes five-strong cohort

Osborne Clarke has made up five new partners, promoting lawyers across all three of its UK offices. The firm has announced a slimmer round as opposed to last year, when it promoted eight partners. The promotions happened across its corporate and private equity practices, as well as project finance and disputes, with a focus on […]

Action group lines up Mishcon for coronavirus insurance battle with Hiscox

The group of companies accusing insurer Hiscox for refusing to pay out business interruption claims as a result of the coronavirus has appointed Mishcon de Reya. The action group, which now includes over 200 companies, was formed earlier this month after several businesses claimed Hiscox was wrongly denying business interruption claims relating to coronavirus. The […]

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 […]

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