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

Court warns Lord Chancellor over contracting

The caution from three judges came yesterday, even though they rejected a challenge against the Lord Chancellor’s shake-up of the legal aid system. In a challenge to the legal aid contracting scheme – brought by Mackintosh Duncan solicitors and backed by the Law Society – the court refused to quash the scheme introduced in January, […]

Financing

Shearman & Sterling’s London office acted for Goldman Sachs International and HypoVereinsbank as joint arrangers and underwriters in providing senior debt finance facilities for the purchase of companies controlled by Kohlberg Kravis & Roberts & Co and GS Capital Partners. The firm also acted for Goldman Sachs in providing subordinated financing for the deal. Shearmans’ […]

Oppenhoffs hires Punders partner

Linklaters’ German alliance firm Oppenhoff & Radler has poached a Clifford Chance Punder partner to help set up its new white collar crime department. Kai Hart-Haenig left Punders’ Frankfurt office to establish the new department, which will be based in Munich. Three partners are moving departments to work under Hart-Haenig. Klaus Saffenreuther and Karl Wach […]

Apacs general counsel leaves for LCH position

General counsel of Apacs Susan Ward is quitting her post to take up a similar role at the London Clearing House (LCH). Apacs, the Association for Payment Clearing Services, is the UK payment clearing and money transmission organisation. It is responsible for the management and development of the principal electronic and cheque clearings. LCH currently […]

Mills & Reeve takes on Leicester Council work

East Anglian firm Mills & Reeve has won the contract to provide legal services to Leicester City Council. Mills & Reeve beat four local firms for the work. The selection process was “arduous” according to Nicholas Hancox, head of Mills & Reeve’s local authority team. “They were very thorough about it. Some people do it […]

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