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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Alibaba Group names new GC as affiliate hires Fangda chair

Chinese conglomerate Alibaba Group has appointed associate general counsel Sara Yu to head its group legal function, taking over the helm from former Freshfields partner Timothy Steinert. Steinert, who has been Alibaba’s group general counsel for 13 years, will remain with the group and serve as company secretary. He will also take on a senior […]

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CMS loses out in Russian dispute over diamond business

CMS Cameron McKenna Nabarro Olswang has unsuccessfully defended a Russian businessman in a dispute over outstanding debt related to a diamond business. Dmitry Tsvetkov and Rustem Magdeev bought and sold diamonds owned by Graff Diamonds, selling these in concessions stores in Dubai and Cyprus. Tsvetkov, instructing PCB Litigation, was an associate of the Graff family […]

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Eversheds unveils biggest ever promotions round

Eversheds Sutherland has announced its biggest ever promotions round, with 38 partners making the grade. The cohort is the firm’s largest so far and comes four years after its transatlantic merger in 2016 with Sutherland Asbill & Brennan. The promotions apply to lawyers across Europe and the international network (bar the US), with the UK […]

Birketts enters London with insurance firm merger

East Anglian firm Birketts is to take its first steps into the London market via a merger with an insurance boutique. EC3 Legal has been in business for eight years and is led by David Coupe, a former partner at both Clyde & Co and Ince & Co. It has around 18 lawyers, including five […]

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