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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Wirecard

Quinn drafts in litigation funder for Wirecard clash against EY

Litigation funder Omni Bridgeway has teamed up with Quinn Emanuel Urquhart & Sullivan to fund proposed litigation brought on behalf of shareholders of Wirecard. The litigation, which is being considered against EY, follows the insolvency of Wirecard in June after allegations of balance sheet manipulation. Senior executives and leadership at Wirecard were also arrested on […]

Travers Smith

Travers’ PEP drops 20 per cent ending 10-year growth streak

Travers Smith’s average profit per equity partner dropped back down to £1m over 2019/20, as revenue fell for the first time in a decade. The latest financials are a setback from 2018/19 when Travers’ revenue had increased 11 per cent from £147m to £162.5m, while average profit per equity partner saw a 4 per cent uplift […]

Silicon Valley

Paul Weiss lands Boies Schiller duo ahead of West Coast launch

Boies Schiller Flexner is to lose yet further partners in the US, with Paul Weiss Rifkind Wharton & Garrison snapping up Meredith Dearborn and Jessica Phillips to launch a new office in California. Out of the two incoming litigators, Dearborn will form part of a new Paul Weiss base in Northern California, while Phillips will […]

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