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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Manchester

Brabners cuts employee salaries by 20 per cent

Brabners has furloughed 75 employees and cut the salaries of the remaining, working staff to safeguard the firm during the Covid-19 pandemic. The measures, which are in place for a four-month period from April to the end of July, mean that employees earning at least £25,000 a year will have their salaries reduced by 20 […]

money

Stephenson Harwood proceeds with bonus payments amid pandemic

In contrast to the trend of altered bonus payments throughout the City, Stephenson Harwood has opted to proceed as normal due to strong financial results. The firm’s chief executive Eifion Morris confirmed the move on Wednesday, with employees set to receive bonuses “without delay or deferral of any part”. However, this positive development comes as […]

osborne clarke

Osborne Clarke promotes five-strong cohort

Osborne Clarke has made up five new partners, promoting lawyers across all three of its UK offices. The firm has announced a slimmer round as opposed to last year, when it promoted eight partners. The promotions happened across its corporate and private equity practices, as well as project finance and disputes, with a focus on […]

Jeremy Cohen

Dentons asks employees to work four-day week for six months

Dentons UK and Middle East LLP is asking all of its employees to work a four-day week for six months, with partner drawings reduced by 20 per cent for the same period. The firm has made the announcement as part of its wider package of Covid-19 measures, aimed at combating the financial impacts of the […]

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