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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DWF Manchester

DWF secures further £15m credit from lenders

DWF has managed to increase its existing revolving credit facilities, securing a further £15m to weather the worst of the Covid-19 crisis. The new funding solution is part of an agreement with lenders struck almost a month after the listed firm braced its investors on the impact of the coronavirus on its business, highlighting that […]

BT

Fifteen firms win places on BT’s slimmed-down roster

BT has more than halved the number of firms on its legal panel, with firms including Freshfields Bruckhaus Deringer and Addleshaw Goddard securing places. The telecoms giant announced today it has trimmed its panel down from over 40 to just 15. Reappointments to the panel include Addleshaws, Allen & Overy, Bryan Cave Leighton Paisner, CMS […]

Jeremy Cohen

Dentons asks employees to work four-day week for six months

Dentons UK and Middle East LLP is asking all of its employees to work a four-day week for six months, with partner drawings reduced by 20 per cent for the same period. The firm has made the announcement as part of its wider package of Covid-19 measures, aimed at combating the financial impacts of the […]

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 […]

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