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

Aeroplane taking off on a sunny day

Magic circle and US firms win roles on Thomas Cook rescue bid

Clifford Chance is among the firms advising as Chinese conglomerate Fosun confirms its proposed rescue bid for airline Thomas Cook. The deal would see investment company Fosun inject £750m into Thomas Cook as part of a proposed recapitalisation and separation of the group. Corporate partner Tim Lewis and finance partner David Towers led from Clifford Chance […]

Airline

Thomas Cook GC moves over to FTSE 100 developer

Alice Marsden, who has led Thomas Cook’s legal operations for three years, is to become Taylor Wimpey’s general counsel at the end of this year. The move comes as Thomas Cook revealed it has been approached by its largest shareholder Fosun International for a potential sale. However, the travel operator noted there was no certainty […]

Thomas Cook expands hotel portfolio through Aldiana deal

Thomas Cook Group plc has acquired a 42 per cent stake in tour operator Aldiana from the Swiss investment company LMEY Investments.  Thomas Cook will enlarge its portfolio to 190 hotels and resorts in 17 countries worldwide. VIischer advised Thomas Cook as Swiss counsel. The team included under the lead of partner Dr. Benedict F. […]

beach
1

Thomas Cook promotes from within as GC Stoehr packs bags

Thomas Cook’s general counsel and chief corporate officer Craig Stoehr has quit the company, with UK and Ireland legal head Alice Marsden named as his successor. Stoehr joined the travel company from Eastgate Capital Group in 2012 and was appointed as chief corporate officer in December 2014. As part of the executive board Stoehr was […]

Shoosmiths enlisted on collapse of LateRooms.com

Shoosmiths is acting on the collapse of package holiday companies Late Rooms and Super Break, after its parent company Malvern Group failed to secure a sale of the business. Manchester-based restructuring partner Sarah Teal is acting for KPMG, which has been appointed as administrator today, alongside senior associate Hollie Wrigley and Hannah Gaskell. The firm […]

Recruit legal talent

Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.

Find out more