Related briefings

The Financial Conduct Authority v Arch Insurance (UK) Limited & Others [2020] EWHC 2448 (Comm)

Judgment in the landmark business interruption insurance test case has been handed down by a first instance court consisting of Flaux LJ and Butcher J. The case was brought by the Financial Conduct Authority as a test case to determine issues of principle in relation to policy coverage under various specimen wordings underwritten by eight defendant insurers in respect of business interruption claims by policyholders arising out of the COVID-19 pandemic and the advice of and restrictions imposed by the UK government in consequence.

Blockchain: Legal and Regulatory Guidance

A report providing legal and regulatory guidance on distributed ledger technology (DLT) has been published by The Law Society, working in conjunction with the Tech London Advocates’ Blockchain Legal and Regulatory Group

Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers QC (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA. As a result, a sum of USD 50 million held in escrow was liable to be released to the SPA sellers.

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.

Recommended

Freshfields trio exit to set up German boutique

A trio of partners in Freshfields Bruckhaus Deringer’s German offices are to leave the firm to launch a boutique. Environmental, planning and regulatory partner Wolf Spieth is exiting the firm, having led its Berlin office for a number of years. Spieth is one of 10 partners in Freshfields’ Berlin office.

No5 barristers act for defence and prosecution in murder trial

Advocates from No5 Barristers’ Chambers are prosecuting and defending a murder trial at Birmingham Crown Court. John Butterfield QC is leading the prosecution of Haroon Rafiq, 23, who is accused of stabbing to death his neighbour Sajad Hussain over unpaid debts. Mr Butterfield told Birmingham Crown Court that on the night of August 6 last year […]

Phil Bradley QC and Sharon Bahia prosecute fatal nightclub stabbing

Phil Bradley QC and Sharon Bahia of No5 Barrister’s Chambers are prosecuting the murder trial of an amateur footballer stabbed through the heart. Ryan Passey, 24, was fatally wounded at Chicago’s nightclub, Rye Market, Stourbridge on August 6 last year. Kobe Murray, 19, of The Broadway, Dudley, denies murder. Mr Passey, an amateur footballer from Brierley Hill, […]

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