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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Oil giants spar over $340m in Clydes’ bank account

The High Court has said it will not drag the National Crime Agency (NCA) into a battle over whether a Saudi energy firm can access over $340m from a bank account held by Clyde & Co. The judge said that the NCA was not required to “explain itself” over whether Clydes would fall foul of […]

CMS follows Keystone with latest Middle East office opening

CMS is expanding its Middle East footprint with a new office in Abu Dhabi, marking the firm’s sixth office in the region. CMS already has a presence in Iraq, Lebanon, Oman, Saudi Arabia and Turkey. London infrastructure partner David Moore will spearhead the new outpost, aided by the team in Dubai. The opening comes as […]

New York Stock Exchange

Cleary duo launch tech tool for capital markets lawyers

Cleary Gottlieb Steen & Hamilton is piloting a new tool created by two of its associates to help lawyers and in-house teams with regulatory disclosure and filing documents. John Kwan and Mohamed Taha have set up the product. Both have worked at Cleary for around five years before making moves to set up their new […]

exit

Gibson Dunn corporate partner exits for Baker Botts

Baker Botts has brought in Gibson Dunn & Crutcher partner Nigel Stacey to its corporate team, as it seeks to expand its M&A practice in the City. Stacey was one of several corporate partners to defect from Ashurst to Gibson Dunn in 2014, coming just after Jonathan Earle, and ahead of Charlie Geffen and Mark […]

DWF’s financials stabilise after bumpy end to 2019/20

DWF’s trading performance for the first quarter of 2020/21 has improved after a series of cost-cutting measures and international closures, while its net debt soared over the last financial year. In 2019/20, DWF saw revenue increase by almost 11 per cent, in a year in which it faced headwinds caused by the coronavirus and a […]

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