Related briefings

Time waits for no financial services institution

By Guy Wilkes Financial service firms cannot wait for the outcome of the leave negotiations before putting their restructuring plans into effect After the initial excitement and panic following the referendum result lawyers were quick to reassure their clients that nothing had changed overnight. The Financial Conduct Authority (FCA) similarly sought to reassure people that […]

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.

Recommended

Saudia Arabia

Mayer Brown bolsters Middle East presence with new tie-up

Mayer Brown has expanded its presence in the Middle East, through an agreement with Saudi law firm Al-Yaqoub Attorneys & Legal Advisers. The “best friends” agreement will see Mayer Brown and Al-Yaqoub operate in cooperation with each other within Saudi Arabia. Mayer Brown’s Dubai office, which opened in 2016, is so far its current and […]

LSE

DWF poised to go public with £1bn IPO after international expansion

DWF is understood to be planning a £1bn public listing on the London Stock Exchange following a year of international expansion, in a move that would make it the sixth UK firm to IPO. Should the DWF IPO go ahead, it would be the largest public offering from any UK firm so far. DWF was rumoured […]

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