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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Salans formalises Polish best friend relationship

Salans has boosted its reach into the Polish legal market with the signing of a relationship agreement with Krupa Srokosz Patryas in southern Poland. The relationship gives Salans support in the industrial zones of Silesia and Malopolska, which are important centres for the production of cars and electronic goods. Salans chairman Stephen Finch said: “The […]

Arabian blight

It’s well known that moving Western lawyers to Saudi Arabia and keeping them there isn’t an easy thing to do. The prospect of no drinking at the end of every working day and working in the sweltering heat seems, bizarrely, to put many lawyers off. But not everyone. The conservative way of life in Saudi […]

Herbert Smith win lets banks dodge conflict redress

Herbert Smith has scored a Court of Appeal victory that leaves banks that act as both the arranger and underwriter on a syndicated loan immune to legal redress. The case concerned dealings between Goldman Sachs International and Belgian investment fund IFE over the purchase of e20m (£13.5m) worth of bonds and warrants in UK-listed car […]

A&O launches IMI probe

Allen & Overy (A&O) is advising IMI, one of the UK’s biggest engineering groups, on an internal corruption investigation. IMI kick-started the internal investigation after suspecting some of its sales agents in South East Asia, East Asia and the Middle East were offering sweeteners to the company’s customers. The magic circle firm will be working […]

Four settle as Hammonds pursues former partners

Hammonds settled with at least four of its former partners before kicking off its £3m profit dispute against 14 other ex-partners in June, it emerged last week. One former partner told The Lawyer that there were originally around 18 former partners that the firm was looking to sue. “I know of at least four, however, […]

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