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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RPC’s profits dip in year of muted revenue growth

RPC’s profit per equity partner (PEP) dipped to £424,000 in the financial year 2019/20, while revenue nudged up slightly. The firm’s PEP figure had grown by a staggering 27 per cent to £433,000 the previous year. Over 2019/20, RPC’s revenue went up by 1.3 per cent to £110m from £108.6m. Revenue refers to the performance […]

Shane Gleghorn, Taylor Wessing

Taylor Wessing profits fall 8 per cent after tech investments

Taylor Wessing‘s UK profit per equity partner (PEP) dropped by 6.5 per cent over 2019/20, in a turbulent end to the financial year. The firm’s UK PEP went down for the first time in a number of years, having grown by 13 per cent to £655,000 in 2018/19 and after skyrocketing by 20 per cent […]

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