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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Data dive: the rise of Clydes and Kennedys in six graphs

Clyde & Co and Kennedys both reported their latest financial results last week, and both firms hit record revenue highs. An 11 per cent rise in turnover at Kennedys saw the firm’s global revenue exceed £200m for the first time in 2018/19, while UK figures grew by £8m to £126m. Meanwhile, Clyde & Co recorded a 21st […]

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Mayer Brown’s revenue nears $1.5bn after 7 per cent growth

Mayer Brown reported a 7 per cent increase in its global revenue last year, bringing it just under the $1.5bn figure. The Chicago-based firm’s top line increased from $1.38bn to $1.48bn last year, a similar percentage to its average profits per equity partner, which rose to $1.8m, a 6 per cent increase from 2018’s figure. […]

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