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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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leeds

DAC Beachcroft wraps redundancy consultation in UK real estate

DAC Beachcroft has confirmed a number of redundancies across its London and Leeds real estate teams, four months after launching a consultation process for the group. Back in January, The Lawyer understood that up to 10 roles were at risk, with the firm announcing today that it has made eight roles redundant; four in Leeds and […]

DACB makes up 14 in UK-focused promotions round

DAC Beachcroft has made up 14 associates to its partnership, with the highest number of promotions coming from its Bristol office. The firm has also made up partners in Birmingham, London, Leeds and Newcastle – with two added in each regional office. The firm has not made up any partners in its international offices – […]

David Pollitt, DAC Beachcroft

DAC Beachcroft cuts pay for partners on reduced working week

Fee-earners in quieter practice areas at DAC Beachcroft are taking temporary pay cuts in line with reduced working hours, while the majority of the firm’s most recent profit distributions have been withheld. This means that partners have at least received some of their distributions, unlike other firms, although the rest of the payments have been […]

Infrastructure company Helios Towers appoints new GC

FTSE 250 infrastructure company Helios Towers has appointed a new general counsel following the departure of its former chief legal officer. Paul Barrett has been appointed a general counsel and company secretary at the telecommunications towers company, after having spent nine months interim on the role in 2017-2018. Barrett re-joins Helios from RAC, a private […]

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