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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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Litigation funder Vannin postpones IPO listing

Vannin Capital has halted its intended flotation on the London Stock Exchange, a month after it hired Allen & Overy’s former head David Morley to spearhead the move. Morley joined the funder in September as its non-executive chairman. He was a partner at the magic circle firm for 18 years – spending eight years as its […]

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City duo win roles on Legal & General’s £2.4bn pensions deal

Eversheds Sutherland has steered Legal & General through the £2.4bn buyout of Nortel Networks’ pension plan, nearly a decade after the telecoms group went into administration. Legal & General sought counsel from corporate insurance partner Hugo Laing, who was supported by pensions partner Mark Latimour. They worked closely with the deal team members at Legal & […]

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