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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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 […]

Judge dismisses “inappropriate” challenge over $2.2bn mining award

A High Court judge, giving his verdict in the latest spat between mining company Vale and BSG Resources, has criticised litigants and their advisers for adopting a “needlessly antagonistic” stance in disputes. Master Davison made the comments after dismissing an application made by former BSG director Dag Lars Cramer against a Part 71 Order requested […]

move, hire, exit

Simpson Thacher targets Gibson Dunn for City M&A hire

Simpson Thacher & Bartlett has poached private equity partner James Howe from Gibson Dunn. Howe, who focuses on cross-border leveraged buyouts, mergers and acquisitions and corporate finance transactions, joins Simpson Thacher’s London M&A practice after four years as a partner at Gibson Dunn. Prior to joining Gibson Dunn he was a partner at Proskauer Rose.  […]

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