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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Travers Smith partners take cut in drawings

Travers Smith has cut monthly partner drawings and deferred partner distributions to protect the financial stability of the firm. Travers announced the firm-wide programme of measures today. Senior partners will have their drawings cut by approximately 25 per cent, implemented with immediate effect. Partners will also have their distributions deferred until the “longer-term trading position […]

Jeremy Cohen

Dentons asks employees to work four-day week for six months

Dentons UK and Middle East LLP is asking all of its employees to work a four-day week for six months, with partner drawings reduced by 20 per cent for the same period. The firm has made the announcement as part of its wider package of Covid-19 measures, aimed at combating the financial impacts of the […]

Shoosmiths and Mayer Brown on call for Cath Kidston sale

Mayer Brown and Shoosmiths are acting on the management buyout of Cath Kidston, as the British retailer’s UK bricks and mortar stores prepare to permanently shut down. The modern vintage retailer went into administration earlier this week (20 April), with its owner, Baring Private Equity Asia (BPEA) securing a pre-pack administration deal. Shoosmiths, led by […]

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