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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Banking & Finance

Spending a year within the perfect financial storm has been an interesting ride for the participating lawyers, as documented in this bumper Special Report. Leveraged lending was one of the first casualties, swiftly followed by all other lending. Meanwhile, the capital markets were parched and CDO practically turned into a financial pariah. But who better […]

Taylor Wessing, Nixon Peabody settle dispute; Nixon to launch in Paris

Taylor Wessing and Nixon Peabody have settled their legal disputes over Nixon’s poaching of 13 of Taylor Wessing’s Paris partners. Taylor Wessing, Nixon Peabody settle dispute; Nixon to launch in Paris” />Taylor Wessing and Nixon Peabody have settled their long-running legal disputes over Nixon Peabody’s poaching of 13 of Taylor Wessing’s Paris partners. Nixon Peabody […]

Whitehall eschews competition regulations to steady financial sector

By overriding traditional restrictions, is the Govt doing the right thing? It may smack of histrionics, but to say that the world changed in the week that Lehman Brothers crashed has more than a ring of truth to it. As global financial markets teetered on the edge of meltdown, a panicked UK Government helped orchestrate […]

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Halliwells begins third redundancy consultation

Halliwells has launched a redundancy consultation with 10 banking and corporate fee-earners, citing a fall in deal flow and overcapacity as the cause. It is understood that some of those affected may be redeployed to other departments in the firm. A spokesperson said: “We have the largest corporate team in the North West. However, with […]

Eversheds red cards equity partners

Eversheds red cards equity partners” />Eversheds has issued its equity partnership with ‘red cards’, allowing the firm to withhold up to two quarters’ of drawings in a bid to tighten its lockup performance. As revealed by The Lawyer (17 March), the firm introduced a scheme based on the Football Association rulebook that will see partners […]

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