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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

Clydes replaced by insurance rival on London boroughs panel

Five firms have won spots on the freshly reviewed Insurance London Consortium (ILC) panel, servicing work to seven of the capital city’s boroughs until 2023. BLM, Browne Jacobson, DAC Beachcroft, DWF and Plexus Law will share the £7.5m-valued panel for the next five years with Clyde & Co the only major casualty from the last […]

London

Clydes leads as Cheesegrater 2 gets go-ahead

Clyde & Co is advising Hong-Kong based developers Lai Sun Development Company in the construction of 100 Leadenhall – a skyscraper that is set to be London’s third tallest tower. Real estate partner Martin Quicke, who specialises in advising property companies and overseas investors from Hong Kong and South east Asia, is leading for Lai […]

Peter Hasson

Clydes sees 10% uplift in profit while turnover breaks £550m

Clyde & Co narrowly missed out on double-digit growth in both profit and turnover last year, recording a 9 per cent increase in turnover alongside a 10 per cent profit boost in the 2017/18 financial year. Turnover at Clydes grew from £508m to £551.3m, while profits at the firm were up from £127.6m to £140.5m […]

abu dhabi

A&O turns to Clydes over claim from former banking client

Allen & Overy (A&O) is facing a claim from former client the Abu Dhabi Islamic Bank (ADIB) over the firm’s advice on a previous deal. The claim will be heard in the Dubai International Financial Centre (DIFC)’s court of first instance. ADIB filed its claim in early February and is expected to be heard on […]

Chamberlain

DWF employment chief moves over to Osborne Clarke

Osborne Clarke has added two new partners to its City employment team, including DWF’s national head of employment Andrew Chamberlain. Chamberlain joined DWF in 2014 after nearly two decades at Addleshaw Goddard. In his practice, he advises FTSE 100 employers on processes such as services agreements and termination. He also covers employment nuances in M&A […]

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