Latest Briefings

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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Kirkland and DAC act on first take-private since start of lockdown

Kirkland & Ellis and DAC Beachcroft have landed roles on the first public-to-private deal to hit the London Stock Exchange since the start of the coronavirus lockdown. The deal involves Castleton Technology, an IT software manager to social housing providers, acquired by MRI Software, a portfolio company of TA Associates, GI Partners and Harvest which […]

Mitchell Presser

Freshfields’ former US M&A head to join MoFo

Morrison & Foerster has hired a corporate partner from Freshfields Bruckhaus Deringer’s New York office for a new leadership role. Partner Mitchell Presser, who left Freshfields last week, will become co-chair of MoFo’s global corporate department alongside existing co-chairs Eric McCrath and Jackie Liu. Presser has been a partner at Freshfields’ New York office for […]

Ashurst to cut partner drawings by 20 per cent

Partners at Ashurst will have their monthly drawings reduced by 20 per cent as part of a firmwide programme to ensure its financial resilience through the Covid-19 crisis. The firm has today announced a Stronger Together programme, which covers all of its 28 global offices in 16 countries and impacts every member of staff, which […]

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