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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Clifford Chance and Skadden drafted in on £3.2bn Swiss Re subsidiary sale

An eight-strong partner team from Clifford Chance and a five-partner one from Skadden Arps Slate Meagher & Flom have taken the lead on the £3.2bn sale of ReAssure, a subsidiary of Zurich-based insurance company Swiss Re, to UK insurer Phoenix Group Holdings. As part of the deal, which will be completed in mid-2020 and is currently […]

Paypal

Latham and Skadden lead on PayPal’s £4bn acquisition of online shopping tool

Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom have acted on PayPal’s $4bn (£3.1bn) acquisition of online shopping tool Honey. Skadden advised PayPal, led by corporate partner Michael Mies in Palo Alto, with antitrust/competition partner Ingrid Vandenborre in Brussels. Latham acted for Honey Science Corporation, led in Los Angeles by corporate partners Alex […]

London, Clifford Chance, Skadden

Skadden nabs A&O duo to secure long-sought corporate strength

Allen & Overy is set to lose two London corporate partners to Skadden Arps Slate Meagher & Flom following a concerted effort from the US firm to boost its public and private M&A abilities. The Lawyer understands that George Knighton and Simon Toms will make the move to the US firm after resigning from A&O […]

new york

US duo act on Morgan Stanley’s $13bn trading acquisition

Davis Polk & Wardwell and Skadden Arps Slate Meagher & Flom have taken the lead roles in Morgan Stanley’s $13bn acquisition of online trading platform E*Trade. Davis Polk’s team advising its longstanding client Morgan Stanley included partners from both its New York and Washington DC offices, and it was led by managing partner Neil Barr […]

Google

US firms act on Google’s acquisition of Fitbit

Cleary Gottlieb Steen & Hamilton and Fenwick & West have advised Google and Fitbit respectively in the tech giant’s $2.1bn acquisition. The Fenwick & West team was led by M&A co-chair Doug Cogen, and it included corporate partner Ran Ben-Tzur, employment partners Scott Spector and Gerald Audant, and Stephen Gillespie who focuses on technology transactions. […]

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