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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PwC Pricewaterhouse Coopers

A&O, Addleshaws, Nabarro advise as UK Coal files for administration

Nabarro has retained its role as lead adviser to UK Coal after the struggling company filed for administration, with administrators at PricewaterhouseCoopers (PwC) turning to Addleshaw Goddard. PwC partners David Kelly, Robert Hebenton and Ian Green were appointed as administrators to UK Coal today (9 July) by order of Birmingham High Court after an application by […]

magnifying glass

E-disclosure: open questions

E-disclosure is slowly gaining acceptance, but how big a difference will civil litigation reforms make? Q: The SFO has chosen to use its own team of junior barristers for the e-disclosure exercise in the Tchenguiz case, arguing the issues are too complex for an LPO provider. Do you think LPOs will ever be able to grapple […]

Competition issues in resources projects

Joint venture structures are frequently used to undertake large resources projects. A joint venture may be used to both develop a project and sell the output from a project. Such joint ventures often involve agreements between competitors. As such, joint ventures could breach the anti-competitive provisions of the Competition and Consumer Act 2010 (Cth) such […]

AIFMD update — British Virgin Islands

The Financial Services Commission of the British Virgin Islands (BVI) has announced that it has entered into co-operation arrangements with the securities regulators of 25 European countries. This is welcome news as it means BVI funds can continue to be marketed to professional investors in these countries under national private placement regimes after 22 July […]

money

Shoosmiths sees profit drop but turnover rise after expansive year

Despite posting a rise in turnover, Shoosmiths has reported a drop in net profit and average profit per equity partner (PEP) for the 2012/13 financial year. The firm has reported a 3.6 per cent rise in revenue, from £84m in 2011/12 to £87m at the end of the latest financial year. Net profit was down […]

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