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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leeds

Walker Morris furloughs staff to conserve cash

As the legal industry battles the financial consequences of the coronavirus pandemic, Walker Morris is furloughing some members of staff to protect the long-term health of the business. Staff in some “quieter practice areas” will now be part of the government’s job retention scheme. The scheme currently allows organisations to claim back 80 per cent of […]

money

Freshfields halts partner distributions for Q4

Freshfields Bruckhaus Deringer will not be dishing out partner profits for Q4, while the magic circle firm has also called off its partner conference, which had been scheduled for this summer. It comes as firms across the board decide whether to hold back or reduce partner distributions, or ask partners to put in slightly more […]

Reed Smith strikes NewLaw deal with Elevate

Reed Smith has struck a deal with Elevate for its Leeds service centre, in a move that will enable the US firm to start offering a flexible resourcing service. As part of the multi-year agreement, the value of which was not disclosed by the parties, Elevate will support the firm’s lawyers in the EMEA regions […]

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