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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FUTURE FOR FRAUD. The conman, the crime and the costs

Fraudsters using false financial instruments are stealing more than £6 million a day from businesses, individuals and even governments, according to a report by the International Chamber of Commerce. (The Times 1 March). That bland but startling report conceals much more than it reveals. The cost of fraud to society runs into billions and affects […]

Euro money must be taken as legal tender

Norton Rose City lawyer Charles Proctor has warned that creditors will have no legal right to reject payment made with the Euro, the new European single currency due to be introduced at the end of the decade. Speaking at a conference in Cambridge, Proctor said that a creditor will have no valid claim for breach […]

New recruit heads huge tax law rewrite

A MASSIVE five-year, £25 million project to put 7,000 pages of tax legislation into plain English has taken its first steps with the appointment of Ron Downhill, tax partner at Berwin Leighton, and two other tax experts as advisers on the project. Downhill said he and the other two advisers to the Inland Revenue would […]

Mears says no to Howells' request for open inquiry

A demand from Michael Howells, Law Society treasurer, that an inquiry into his future should be held publicly has been snubbed by president Martin Mears. Three society ex-presidents are to decide whether Howells should resign as treasurer, if re-elected to the council, after it was found he had been severely reprimanded by the Solicitors Complaints […]

Shock to the legal system

War on crime was the message. But the White Paper on crime and punishment of Secretary of State for Scotland Michael Forsyth had more than one battle in mind last month. Tucked in between the hard-line penal reforms was the blueprint for a radical overhaul of the criminal legal aid process in Scotland. Proposals for […]

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