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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Freshfields wins restructuring roles on McCarthy, Nicholson

Freshfields Bruckhaus Deringer has pushed aside DLA Piper to win key roles on restructuring almost £2bn of debt resulting from the acquisition of two real estate companies at the height of the property boom. DLA Piper represented the buyers of McCarthy & Stone for £1.1bn in 2006 and Crest Nicholson for £715m in 2007. Both […]

A backward step

The UK’s proposed special resolution regime calls to mind the US’s separation of commercial and investment banking under the discredited Glass-Steagall model, warns Simon Gleeson Bank regulation is based on the idea of protecting ordinary depositors and preserving ­systemic stability. This idea is an important and necessary one, given that having a bank account is, […]

The Lawyer Legal Summit: how in-housers will cope with the crunch

This year’s The Lawyer Summit is a timely one, with a heavy focus on the practicalities of dealing with the credit crunch. From 6 to 8 November 56 senior lawyers from 27 firms and 90 in-house counsel from 84 companies will be discussing problems and thrashing out solutions in Berlin’s Hotel Adlon Kempinski. The event […]

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 […]

Coffey Graham swells London IT sector

The London IT legal market has a new entrant in the form of Coffey Graham, a two-partner firm, which launched last week. Founders Rory Graham and Robert Coffey hail from Morgan Lewis and Baker & McKenzie respectively. Graham’s clients include Disney, 3 and Orange. Coffey said: “We feel that the ­synergy between our transactional and […]

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