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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Saudi Arabia
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HSF allies with Nasser Al-Hamdan to reopen in Riyadh two years after regional exit

Herbert Smith Freehills will reopen in Riyadh in 2016 through an exclusive association with local firm Nasser Al-Hamdan and the hire of two partners from DLA Piper and White & Case. Riyadh corporate partner Nasser Al-Hamdan, who will continue as managing partner of the local firm, will also join HSF as a partner. Euan Pinkerton […]

London

ICBC Standard Bank instructs HSF on UK’s first ever DPA with SFO

ICBC Standard Bank has instructed Herbert Smith Freehills (HSF) on plans to enter into the first-ever UK deferred prosecution agreement (DPA) with the Serious Fraud Office (SFO). The SFO revealed on Thursday it had struck a deal to settle its investigation into the bank, which will go before a High Court hearing on Monday (30 […]

Grandparental leave and complications

Following the introduction of shared parental leave (SPL) in April 2015, the Government now intends to extend childcare options further to include grandparental leave. Of course, the more people entitled to take leave from the ‘pot’, the more complex the already complicated issue becomes for their employers. Another potential difficulty is how the scheme will […]

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