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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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Department store Debenhams has revealed its intention to appoint administrators, with Freshfields Bruckhaus Deringer and Kirkland & Ellis among the firms acting on the lengthy restructuring process. The department store filed a notice of intent to appoint administrators early this morning, with FRP Advisory working on matters related to an administration. Freshfields has been acting […]

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BCLP on call as Flybe falls into administration

BCLP has been called in to advise for longstanding client Flybe, as the airline collapsed in the late hours of last night. BCLP is understood to be advising, with EY’s restructuring team of Alan Hudson, Joanne Robinson, Simon Edel and Lucy Winterborne today appointed joint administrators of airline Flybe. The airline failed to secure a […]

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Ashurst and Freshfields swoop in on collapse of Carluccio’s and Brighthouse

Ashurst and Freshfields Bruckhaus Deringer were on call as two high street businesses plunged into administration in one day. Ashurst is acting on the administration of Carluccio’s, which has become the first major casual dining casualty since the coronavirus lockdown. Led by restructuring partner Drew Sainsbury and corporate partner Bruce Hanton, the firm is advising […]

DLA Piper furloughs staff amid coronavirus pandemic

DLA Piper has placed some of its non-fee-earners on furlough in response to the coronavirus pandemic. The firm has furloughed a number of people in its UK property and workplace team. The department provides premises and office services including management and maintenance of DLA’s offices. The firm states that the employees are currently at home […]

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