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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royal courts of justice

In court this week: Fraud, insurers and a Covid-19 test case with HSF, Hogan Lovells and A&O

Two Chinese companies go face to face in the Supreme Court this week, as steel company Shagang takes on HNA. In August 2018, Shagang and Grand China (which has since gone into administration) concluded a charter party agreement with HNA, which provided a guarantee for Grand China’s payment obligations. In December 2010, Shagang made a […]

hong kong

Proskauer to trim Hong Kong headcount after strategic review

US firm Proskauer Rose has become the latest firm to make redundancies in Hong Kong as its office lease runs out. Proskauer is understood to be cutting the number of is Hong Kong-based fee-earners in half following a year of disruptions and challenges brought by the pro-democracy protests and the Covid-19 pandemic. According to Hong […]

Abu Dhabi

Oil giant ADNOC appoints inaugural panel

Abu Dhabi National Oil Company (ADNOC) has appointed its first-ever formal panel of external legal advisers, The Lawyer understands. The state-owned oil company has finalised a core roster of law firms that will provide the bulk of the advice needed to conduct its operations. The roster is understood to include Allen & Overy, which has […]

stacking money

Kennedys exceeds turnover target with 9 per cent growth

Kennedys has exceeded its turnover target for the year with growth of 9 per cent, though the uptick was slightly less than the firm’s double-digit results posted in 2018/19. In the previous financial year (2018/19), the firm’s turnover jumped to £218m, with the firm recording double-digit growth. It continued its growth in 2019/20, with turnover […]

Eversheds shifts branding group into NewLaw business

Eversheds Sutherland‘s UK branding group has been permanently moved into Konexo, the firm’s burgeoning alternative legal services business. The group was previously part of the firm’s limited liability partnership, under the corporate and commercial practice division. Under Konexo, it will complement the business’s managed services offering when it comes to advice on large client IP […]

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