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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diamond

CMS loses out in Russian dispute over diamond business

CMS Cameron McKenna Nabarro Olswang has unsuccessfully defended a Russian businessman in a dispute over outstanding debt related to a diamond business. Dmitry Tsvetkov and Rustem Magdeev bought and sold diamonds owned by Graff Diamonds, selling these in concessions stores in Dubai and Cyprus. Tsvetkov, instructing PCB Litigation, was an associate of the Graff family […]

london

Ex-Skadden partner resurfaces with Lazard role

A former City partner of Skadden Arps Slate Meagher & Flom has joined financial institution Lazard as a senior adviser. Christopher Mallon, who retired from the firm at the end 2018, joined Skadden in 2007 as European restructuring head from Weil Gotshal & Manges. He was joined five years after by another former Weil restructuring partner, […]

Norton Rose

Norton Rose performs U-turn to put redundancies on hold

Following its revival of the four-day Flex programme, Norton Rose Fulbright has confirmed it will not be following through with plans to make global redundancies. The firm was considering the axing of jobs across business services prior to the coronavirus pandemic, The Lawyer can reveal, however, it has now made a significant reversal on the […]

money

Partner profit distributions on hold at Clyde & Co

Salary reviews and promotions are being delayed until later in the year at Clyde & Co, with the firm today confirming its package of measures to tackle the coronavirus crisis. Up until now, Clydes, Clifford Chance and CMS were the only firms in the UK Top 20 not to have announced any changes to their […]

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