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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A&O banking veteran to join Mayer Brown

Mayer Brown is set to add one of Allen & Overy’s global department heads, as the firm continues its London expansion with the hire of Trevor Borthwick. Trevor Borthwick, who has been at the magic circle firm since 1997 and was A&O’s head of global corporate lending, is set to make the move to Mayer […]

White & Case swipes longtime CMS corporate partner

White & Case has secured the hire of a corporate partner from CMS. Partner Sandra Rafferty is set to join the US firm in early May after spending most of her career at CMS, where she was co-head of the firm’s infrastructure and projects group. She has been a partner there for almost 25 years. […]

Penelope Warne

CMS delays salary reviews but holds off furloughing

CMS has delayed partner profit distributions for the year 2019/20 to the autumn, the last among the biggest international firms to announce financial management measures to tackle the Covid-19 crisis. Distribution for the last financial year were meant to happen in July, but will be instead delayed until an unspecified time between late autumn and […]

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