Related briefings

African M&A: can the downturn in fortunes be re-energised?

Following a period of recent change for the worse in M&A (and PE exits) activity, due to political uncertainty and governance issues, can local strategy – combined with Africanising operations – and positive business sentiment improve the current state of affairs?

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.

Recommended

John Joyce

Financials 2019/20: Addleshaws to hold back 5 per cent of partner profits

Addleshaw Goddard’s average profit per equity partner fell 4 per cent over 2019/20, with the firm directing a small proportion of its profits into an investment reserve to stem the blow of Covid-19. The firm announced today that global revenue rose 4 per cent from £275m to £288m despite saying that Covid-19 has had “an […]

Solicitors Regulation Authority

Womble Bond Dickinson rebuked by regulator

Womble Bond Dickinson (WBD) has been rebuked and fined by the Solicitors Regulation Authority. The regulator investigated after WBD self-reported. A corporate client asked WBD to hold funds for it in the firm’s accounts. The client requested that these funds were held on behalf of the client’s client – who was not associated with WBD. […]

Dechert told to produce documents in latest RAKIA development

Dechert’s board in the US will have to disclose documents relating to its client, the RAK Investment Authority, as part of a human rights claim brought by a Jordanian lawyer and current prisoner. Karam Al Sadeq, who was imprisoned for fraud against RAKIA is bringing a lawsuit in England and Wales against the firm and […]

Kirkland corporate partner exits for HSF

Herbert Smith Freehills has restated its ambitions to grow its private equity team in the City, by hiring a partner from Kirkland & Ellis’ City team. David D’Souza joins Herbert Smith as its second corporate hire in just over a month. He has been a partner at Kirkland & Ellis since July 2018, having spent […]

Fladgate finalises redundancy consultation with 19 roles cut

Fladgate has made 19 roles redundant as part of wider measures to weather the economic disruption of the Covid-19 crisis. Following a consultation that began earlier in the summer, the firm confirmed that 19 employees across the business have been made redundant. In March partners took a cut to their drawings graded according to the […]

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