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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Buying new IT isn’t going to give Norton Rose the breakthrough it wants

Peter Martyr is an enthusiast. His drive is formidable. The Norton Rose boss took a declining City firm into new territories, pioneering the Commonwealth path for expansion – something that Herbert Smith, Ashurst, DLA Piper and Gowling WLG followed, with varying degrees of success. Following the Australian, Canadian and South African combinations Norton Rose finally did the US merger with Fulbright & Jaworski. However, the American deal has not set a fire under the combined firm; as a defensive move it’s pretty smart, but a bold step forward it wasn’t. Despite being one of the few firms to execute a transatlantic merger, Norton Rose Fulbright has plateaued.

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