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.
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
Irish Bank Resolution Corporation Ltd v HMRC  EWCA Civ 1128 concerns the compatibility of UK tax legislation with the business profits article (article 8(2)) of the UK / Ireland Double Taxation Convention of 1976 (the “UK / Ireland Treaty”).
In an appeal concerning a multi-million pound audit negligence claim, Grant Thornton LLP has succeeded in substantially reducing the damages awarded by Bryan J at first instance, in a recent decision of the Court of Appeal handed down on 28 August 2020.
In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited  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.
A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.
Conyers’ Counsel Audrey Robertson provides an overview and analysis of Aviation Finance and Leasing in BVI in Lexology: Getting the Deal Through Aviation Finance & Leasing 2020…
September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.
Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.
The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).
Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.Find out more
In a case concerning allegations of dishonest assistance and deceit, a judge has ordered Stevens & Bolton to disclose the legal advice given by the firm to defendants after Withers demanded to see documents protected by privilege. Withers, which represents the claimant, successfully challenged the defendants’ right to withhold disclosure of documents in a judgment […]
Stephenson Harwood has pulled of its second lateral hire in a matter of weeks, this time bringing in an IP partner from Bird & Bird. The firm has hired partner Tim Harris, who spent over 13 years at its UK rival. The lawyer, who joined Bird & Bird as an associate in 2007 and became […]
Firms’ back to the office plans may have been dealt a blow this week, but City recruitment continued with aplomb for the likes of Goodwin, Skadden and Simpson Thacher & Bartlett. Back to the office? Think again. By now, you might be thoroughly happy with your home-working set-up and enjoying a life sans tube, train […]
Addleshaw Goddard has overhauled its process surrounding work allocation for disputes lawyers, taking the responsibility away from partners. Previously, work was allocated to managing associates by partners but this has now been passed onto legal directors to give the firm’s junior lawyers a spread of work. The firm trialled this system in Manchester in 2019 […]
Gunnercooke is set to open two new offices, including its first international one, as its revenue hit £31m in the financial year 2019/20. The Manchester firm, which for years has been running a flexible model, will open a new office in Berlin in October. In addition, it is looking to open a fourth UK office […]
Skadden Arps Slate Meagher & Flom has brought in another magic circle partner to its City M&A team, this time from Freshfields Bruckhaus Deringer. The US firm has lured over partner Bruce Embley from Freshfields’ London office. Embley, who co-heads the firm’s global M&A client group, has been a partner at Freshfields since 2005. London-based, […]