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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In court this week: Conspiracy and enforcement with Clifford Chance, Sidley Austin and Ashurst

Clifford Chance, Fieldfisher and CMS Cameron McKenna Nabarro Olswang are just some of the high-profile names appearing in court this week, as another Top 20 case hits the High Court. CMS partner Bernard O’Sullivan will be battling a claim against defendants represented by Fieldfisher partners Colin Gibson and Dan Hayward, Clifford Chance partner Julian Acratopulo […]

tehran iran

UK Government settles billion-pound banking dispute

The HM Treasury has settled a £1.25bn damages suit brought against it by an Iranian Bank over sanctions imposed by the UK Government in 2009 because of alleged links to Iran’s nuclear programme. The sanctions imposed on Zailwalla & Co’s clients, Bank Mellat, prevented it doing business within the UK financial sector.  The two parties have […]

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