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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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The price of Nabarro and Olswang: Accounts reveal cost of CMS merger

Latest accounts reveal that CMS Cameron McKenna acquired assets worth £67m from Nabarro and Olswang, in the first full-year results to be published by the LLP since the merger went live in 2017. The accounts show that Nabarro had assets of £51.3m prior to the merger, while Olswang had assets of £15.4m. At the time of the […]

Exit sign

Ex-Olswang real estate team leave CMS over “client conflict issues”

A team of 10 real estate lawyers from CMS Cameron McKenna Nabarro Olswang are defecting to City outfit Fladgate in one of the biggest team moves out of the firm since its merger. It was revealed last month that ex-Olswang partners Simon Kanter and Alan Karsberg were to join Fladgate, though it has now emerged […]

Monzo

Monzo wraps up panel review as three firms win places

Digital bank Monzo has finished reviewing its roster of legal advisers, appointing three firms to its panel. The firms which made it onto the roster include longtime advisers Hogan Lovells, Taylor Wessing and Simmons & Simmons. While Hogan Lovells partner Jonathan Chertkow mainly advises the challenger bank on regulatory and compliance issues, Taylor Wessing partner Adrian […]

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