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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US shows arbitration infatuation

Two of England’s barristers found themselves being pushed out of a hot-air balloon last week. Well, sort of. At the American Bar Association bash last Wednesday, Clive Freedman of 3 Verulam Buildings and Steven Gee QC of Stone Chambers were made to jump out of a balloon during the debate on the best dispute resolution […]

Weather warning

Insurers stand to lose more than most if the predictions on climate change hold true. Ashley Prebble and Natalie Perkin report on the industry’s response to the scientific evidence Scientific consensus on climate change presents us with the stark reality of a serious global problem. Whether one accepts that the problem is caused by carbon […]

Sallie Mae takes JC Flowers to court

The phoney war between Sallie Mae and JC Flowers came to an end last Monday (8 October) when the student lender filed a lawsuit in Delaware Chancery Court against the private equity house and its buyer group. As reported last Monday (1 October), Flowers’ $25bn buyout of SLM, known to everybody as Sallie Mae, looked […]

Insurance

The insurance industry could be forgiven for appearing like a headless chicken since the US mortgage crisis sparked the global credit crunch. The market is waiting with bated breath to see what impact the collapse of the sub-prime mortgages will have in the insurance world. There is an expectation that as companies continue to fold […]

Bar Council elects future management team

The joint head of 5 Raymond Buildings Desmond Browne QC has been appointed the Bar Council’s chair-elect for 2009, it was announced today (9 October). The joint head of 5 Raymond Buildings, Desmond Browne QC, has been appointed the Bar Council’s chair-elect for 2009, it was announced today (9 October). Browne, a media law specialist […]

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