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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Lawrence Kehoe: Grant Thornton UK

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Troutman strengthens energy team with double London hire

Atlanta-based firm Troutman Sanders is the latest US firm to beef up its energy team by recruiting two energy specialists from European firm Castaldi Mourre Sprague. The two recruits, partner Steven Sprague and of counsel Sally Barrett-Williams, a barrister, doubles the size of Troutman’s London presence to four. Sprague is Troutman’s second London partner and the first UK-qualified partner […]

Ashurst hires International Power GC and German M&A star

Ashurst has hired International Power Middle East general counsel David Wadham for its Dubai office. The firm has also poached M&A rising star Katrin Solmecke from Lovells in Frankfurt. Solmecke’s clients include Morgan Stanley, UBS and Drueker. Both will join the firm as partners in June. Wadham has spent the past five years as general […]

Shearman advises Citigroup and Goldman Sachs on ISS bond issue

US firm Shearman & Sterling scooped the mandate to advise the lead managers on the long-awaited high-yield bond issue from Danish cleaning company ISS. Capital markets partner Ward McKimm is advising Citigroup and Goldman Sachs on the offering. ISS plans to raise around E975m (£675m) from the 10-year bonds with a five-year non-call period. The […]

Weil joins forces with UN to help on unique disaster relief scheme

Weil Gotshal & Manges has acted as pro bono counsel in an initiative by the United Nations World Food Programme to create the world’s first weather-derivative transaction for humanitarian emergencies. As part of its ongoing efforts to find ways to finance natural disaster aid more quickly and efficiently, the UN World Food Programme has signed […]

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