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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Gherkin

Kirkland’s City financials reach all-time high of $380m

Kirkland & Ellis’s latest financials have revealed the firm has increased its global revenue by more than $500m, up 19 per cent from last year’s $3.16bn to $3.76bn. Outpacing global growth, London revenue is believed to have hit $380m, rising nearly $100m from 2017’s $300m. Last year, it also hit the dizzying heights of $5m […]

Kirkland mulls office move after rapid City expansion

With Kirkland & Ellis showing no signs of scaling down its recruitment efforts in London, the firm is understood to be reassessing its real estate options that could include a move away from its iconic home in the Gherkin. Kirkland is thought to be considering a number of options, including the prospect of a move […]

Clifford Chance and Kirkland scoop $17m from Inmarsat satellite sale

Clifford Chance and Kirkland & Ellis have picked up nearly $17m for their role advising on the acquisition of British satellite company Inmarsat by a private equity consortium. The £2.6bn ($3.4bn) takeover of Inmarsat by Triton Bidco, a newly formed consortium made up of London-based Apax, New York-based Warburg and two Canadian pension funds, the […]

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