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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

Norton Rose Fulbright to revive four-day working week scheme

A decade after adopting the same policy to tackle the consequences of the financial crisis, Norton Rose Fulbright is once again asking employees to work a four-day week to protect jobs. This temporary measure will be enacted for a 12-month period as of 20 April 2020,  with Norton Rose Fulbright becoming the first City outfit […]

legal tech

Luminance on hunt for in-house clients to fend off BigLaw competition

Artificial intelligence company Luminance is looking to target in-house clients to counteract law firms’ increasing investments in this area. The startup currently has more than 200 businesses in its client portfolio. Of these 200, 90 per cent are law firms. Following a recent review, Luminance aims to expand the in-house representation in a bid to […]

Shoosmiths mulls cut in working hours by 20 per cent

Shoosmiths is considering cutting down partner and staff working hours by 20 per cent to weather the coronavirus pandemic. The firm has said it is consulting with partners and staff on moving to a four-day week, which will be on a temporary, voluntary basis and entail a 20 per cent cut in pay and benefits. […]

Solicitors Regulation Authority

HFW partner fined by SRA for drink driving charge

A HFW partner has been fined £2,000 after an investigation by the Solicitors Regulation Authority (SRA) into a drink driving charge. James Cashman, who is a partner in the firm’s London office, was under investigation by the regulator for a 2019 incident. In July last year, Cashman hit a stationary parked car and was arrested […]

Norton Rose

Norton Rose performs U-turn to put redundancies on hold

Following its revival of the four-day Flex programme, Norton Rose Fulbright has confirmed it will not be following through with plans to make global redundancies. The firm was considering the axing of jobs across business services prior to the coronavirus pandemic, The Lawyer can reveal, however, it has now made a significant reversal on the […]

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